Commercial Real Estate

Two European grocery chains are rapidly claiming more territory in the Richmond market, and one is plotting a new store next to Chesterfield Towne Center.

Two downtown apartment complexes, one in Carver and one on East Grace Street, have hit the market with a combined price tag of $11 million.

With a large apartment project already underway at a former Coca-Cola plant, a local real estate firm is planning another 200 apartments and commercial space in the quickly growing neighborhood.

When it came time to think about selling off a chunk of its holdings in West Broad Village, a local private equity firm didn’t look far to find a buyer. The two sides completed a $5 million sale of one of the development’s large retail blocks last week.

A $12M project is being eyed on part of the former Philip Morris warehouse complex in Shockoe Bottom. If approved by City Council next week, it will be the fifth phase of a development that already holds 525 apartments.

A housing nonprofit plans to take a long-abandoned former school building and convert the property into nearly 100 apartments for low-income elderly residents.

On the heels of rapidly expanding Aldi, another European grocer is moving forward with plans to build its first area store on a Laburnum Avenue site currently home to a car dealership.

Shortly after unloading 18 hotels, a downtown real estate firm is heading toward a mid-May IPO.

With two locations recently opened and four more on the way, the quickly growing grocer has already zeroed in on its next move: taking over part of a large clothing store in the West End.

Work is underway on Pleasants Hardware’s new West Broad location, a piece of the real estate shuffle surrounding the arrival of Whole Foods in the city.