Commercial Real Estate

The two five-story projects would add dozens of new apartments along a stretch of Broad that serves as a gateway between Shockoe Bottom and Church Hill.

The 266-unit project from Tennessee-based developer Elmington has the special-use permit it needs to proceed on a 7-acre site on McDonough Street.

“We’re in growth mode right now,” said local managing director Theresa DeBoer said. ”We want to have more of a presence in Richmond.”

The acquisition gives the company the land it needs to build a 280,000-square-foot facility that will manufacture electrolyzer cells for “clean hydrogen” fuel.

The final Hard Hat Happy Hour of 2024 offered a chance to see a two-for-one project in the making: the under-construction Sports Backers headquarters and a trailhead for the Fall Line Trail.

Walter Parks, Richard Smith and Malcome Sargent have filed plans for a 112-unit building at 1501-1511 Hull St. 

The area’s largest privately held hotelier is closing out the summer with a pair of deals on opposite sides of town. 

“We’re excited about this one because even within market-rate new construction (housing), there tends to be not enough family-sized housing, particularly at three bedrooms and above,” developer Standard Communities said.

“We wanted something that matches up to what we have in Virginia Beach that we can proudly bring our customers to and employees can collaborate in,” said VIcom President BJ Hughes.

“We’re trying to change the narrative around affordable housing, and make somewhere that people are proud to live,” said John Gregory.