Commercial Real Estate

In an effort to win over city planners and a vocal group of neighbors, the developers behind the proposed transformation of a West End movie house have tweaked their planned mixed-use development to make it shorter and smaller. Jason Guillot and Stefan Cametas last week submitted revised plans for their Westhampton on Grove, a project… Read more »

The price tag on a Boston-based firm’s acquisition of four West End office buildings reached eight figures. Grander Capital Partners, through Glen Forest Richmond LLC, paid $14.25 million for 7110 Forest Ave. and 7200, 7202 and 7204 Glen Forest Drive, according to Henrico County records. The sale closed May 4 and was reported by BizSense… Read more »

CarMax will have some more elbow room when it sets up its new downtown space this summer. The used car retail giant has added 6,000 square feet to the 26,000 it leased back in February in the Lady Byrd Hat factory building at 140 Virginia St. The company confirmed the additional space but could not… Read more »

Dominion Resources has shed some more light on its plans to change the downtown skyline. The Richmond-based utility giant announced Thursday it will build a 20-story, 908,000-square-foot office tower at 111 S. Sixth St. The high-rise will replace the existing six-story, 269,000-square-foot Richmond Plaza building, which sits across the street from Dominion’s One James River… Read more »

In a bid to set up shop between two of its rival’s new Richmond locations, a European grocery chain is eyeing the site of a vacant horse betting parlor for its newest store. Lidl, through its Lidl US Operations LLC, filed preliminary plans April 28 with the Henrico County Planning Department for a 36,000-square-foot grocery… Read more »

BizSense’s Hard Hat Happy Hour: Presented by Sands Anderson is back for its second installment, and this time we’re taking the show to Shockoe Bottom to the site of a former music venue and notorious night club. Join us for a lively evening on Wednesday, June 8, at the former Flood Zone/Have a Nice Day… Read more »

Two of Richmond’s densest neighborhoods are getting more multifamily housing in one of the only spaces left: on top of existing buildings. A couple of highly visible projects are turning heads skyward with the addition of a third story to the former Chadwick Antiques building at Libbie and Grove, and a dozen apartments above the… Read more »

A foreclosed Manchester apartment complex with ties to two of Richmond’s most notorious developers is set to change hands for the second time in six months. The 95-unit Parachute Factory apartment complex at 300 Decatur St. in Manchester was sold in a live bid event through online real estate site Ten-X, formerly known as Auction.com…. Read more »

In a market flush with available downtown office space, and after sidestepping the foreclosure auction block, the James Center is banking on new owners and a team of brokers to give it a new lease on life. Colliers International announced in March that it had been picked to handle leasing at the 986,000-square-foot, three-building complex… Read more »

A Georgia-based consulting firm has landed in Richmond for its first outpost outside its hometown, joining a local investment banking firm as the newest tenants to signed on in a redeveloped building downtown.