With home sales beginning and construction on its apartments set to commence, a massive mixed-use development is losing an anchor tenant. Southern Season announced Monday it plans to close its 53,000-square-foot gourmet foods store at 2250 Staples Mill Road in the Libbie Mill Midtown development. Southern Season’s in-store restaurant, Southerly, closed yesterday, as did its deli… Read more »
Exactly 100 years after its construction, a redeveloped downtown building is beginning a new era. The four-story building at 523 E. Main St., at the corner of Main and South Sixth streets, reopens this Friday as Centennial apartments – the name a nod to the building’s 1916 construction. The 24-unit building with ground-floor retail space… Read more »
A retail strip just east of Innsbrook is headed to the auction block. The Lexington Commons Shopping Center at 10156-10192 W. Broad St. is scheduled for a May 5 foreclosure auction on the steps of the Henrico County Circuit Court at 11 a.m. The foreclosure was prompted by a default on a $5.61 million loan… Read more »
Southern Season, which opened a 53,000-square-foot Richmond store less than two years ago as one of the anchors of the 80-acre Libbie Mill development, will close the location as it looks to focus on its smaller format stores.
Five apartment rehab projects in the greater Richmond area are on the state’s priority list to receive tax-exempt bond financing, though only two of those are likely to be included in the next round of bonds. The Virginia Housing Development Authority is moving forward with issuing as much as $96 million worth of bonds for… Read more »
The three-building, 7.4-acre former West Broad Street headquarters of the Department of Game and Inland Fisheries is now in the hands of an out-of-town developer. Virginia Beach-based Kotarides Developers paid $5.1 million to purchase DGIF’s former campus which spans 3900-4016 W. Broad St. The March 31 deal comes about five months after Kotarides filed a… Read more »
With construction stalled and future residents still waiting for their homes to be completed, the saga of a high-end Richmond condo project has taken yet another twist. The loan on the long-delayed Tiber development at Libbie and Guthrie avenues has been purchased from its original lender by a group that includes John K. George, who… Read more »
While waiting for the green light from the DMV to open a dealership in Richmond, Tesla isn’t sitting idle in its hunt for local real estate. The electric carmaker, which has sparked controversy among the state’s auto dealer industry in recent weeks, has leased the 30,000-square-foot property at 9850 W. Broad St. The Broad Street… Read more »
A local web designer is expanding its Manchester offices, signing on as the latest tenant in the redevelopment of the former Reynolds South plant. CO+LAB plans to move June 1 to 409 Bainbridge St. in City View Landing, the new name of the 17.5-acre mixed-use development taking shape in the former Reynolds Metals plant along… Read more »
A huge chunk of downtown office space is under new ownership after being threatened with foreclosure. The keys to the three-building, 986,000-square-foot James Center complex were handed over last week to GMACC 2006 C1 East Cary Street LLC, the noteholder of the properties that had previously scheduled to foreclose on the trio of towers at… Read more »
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