The $20 million purchase of 192,000 square feet across two buildings means Berkshire Hathaway Energy will continue to be headquartered in the Richmond area. Its local operations were spun out of Dominion Energy in 2020 after an $8 billion deal.
Richmond is the fourth market where the company has a physical presence, joining its headquarters in Columbia, Maryland, and outposts in Charlotte and Philadelphia.
It’s part of a nationwide slate of upgrades at Holiday by Atria’s 200 retirement communities. The company also operates another in Henrico.
Fountainhead Real Estate Development and Dodson Development Group had pondered a hotel for the site, but are opting instead for a 163-unit apartment building, about a block south of the recently completed I-95-Maury Street roundabout.
A local builder now has the 155 acres in hand needed for the planned Lattice Hall project along Genito Road west of Otterdale Road in Chesterfield’s Moseley area.
Participants in a tour on Tuesday included about a half dozen development firms, two of which are on the Diamond District project team and one which was founded by NFL Hall-of-Famer Emmitt Smith.
“With willpower or stupidity, depending on how you look at it, I’m hoping to fill that void,” Ian Hess said of expected demand for his new store.
The property is in a primarily industrial part of the neighborhood but one that’s been garnering developer interest in recent years.
Pierce McCoy has taken a liking to ground floor spaces in downtown office buildings to give it street-level visibility.
Brightpoint is teaming with a Virginia Beach-based developer to build 245 apartments. The public-private structure of the project is a first for the state’s community college system.
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