Commercial Real Estate

The fly ball that’s resulted from the years-long debate over moving or replacing The Diamond appears to be dropping toward the Boulevard – beyond the stadium’s fence. But it’s not a home run, yet. On Tuesday, a joint release from Richmond Mayor Dwight Jones, the Richmond Flying Squirrels and VCU Athletics announced the three parties… Read more »

The two-year development of Quirk Hotel was fittingly capped off this weekend with the opening of its rooftop bar. The boutique hotel and art gallery at 201 W. Broad St. held a soft opening over the weekend for the two-terraced rooftop, which features a bar with food service, dozens of plush chairs and couches, and… Read more »

As a developer and a disgruntled contractor jockey for control over a stalled West End condo project that had been scheduled for foreclosure tomorrow, a trio of would-be residents have looked to the bankruptcy court to try to secure their interests. Three buyers of condos at the long-delayed Tiber development at Libbie and Guthrie avenues… Read more »

A week after local developers detailed their plans for a large air sports park in Short Pump, a competitor unveiled a Richmond expansion plan of its own. Jumpology, a national company that operates an indoor trampoline park near Virginia Center Commons, is in negotiations with the owners of Regency Square to potentially relocate to 40,000… Read more »

Richmond’s newest office tower can stand a little taller. Gateway Plaza, the 18-story building completed last year at 120 S. Ninth St. by Chicago-based developer Clayco, was named Project of the Year at the Greater Richmond Association for Commercial Real Estate’s 15th annual awards ceremony Tuesday evening. Held at The Country Club of Virginia, the… Read more »

One month after selling its sole property in Richmond, a Northern Virginia-based real estate group has decided it wants back in on the market. Gainesville-based MBI-R1 LLC has purchased the 98-unit Hampstead Apartments at 2340 Hampstead Ave., off West Broad Street just west of Libbie Avenue. The off-market sale, totaling $5.8 million, closed March 24…. Read more »

A Maryland firm has purchased its first Richmond area shopping center and has its sights set on another. M. Leo Storch Management Corp. out of Baltimore last month bought Laburnum Station at 4420 S. Laburnum Ave., near the Shops at White Oak Village, for $5.29 million. Bruce Levine, Storch’s director of commercial real estate, said… Read more »

The developers of a 75-acre mixed-use project in Short Pump have tied down another tenant. Starbucks finalized a lease last week to take 2,000 square feet in Markel | Eagle’s GreenGate development, which is taking shape along West Broad Street, just west of Short Pump Town Center. The coffee shop’s building is being designed by… Read more »

Less than two weeks after purchasing the loan on a stalled high-end Libbie Avenue condo project, the property’s former contractor is quickly pushing to foreclose. The long-delayed Tiber development at Libbie and Guthrie avenues is scheduled for an April 26 foreclosure auction on the steps of the Richmond Circuit Court at 10 a.m., according to… Read more »

The evolution of West Creek Business Park continues. The 3,500-acre park in eastern Goochland County is adding more apartments to the mix with last week’s approval of a conceptual master plan for the 373-unit Bristol at West Creek. Tennessee-based Bristol Development Group is developing the project on 22.5 acres at the interchange of West Creek… Read more »