Commercial Real Estate

A well-known Pennsylvania trucking company has opened the doors to a new maintenance facility at its South Richmond outpost. 

The third time might be the charm for the 6-acre site at 4400 W. Broad St. to finally be redeveloped. It’s been on the market for $13 million.

“Eventually, you’ll see companies that want to come out there and provide these amenities, and if they don’t change this, you can never get them,” Supervisor Kevin Carroll said ahead of the board’s unanimous vote last week.

Developer Avery Hall expects to start site work and construction on the 550-unit, 16- and 17-story towers this spring next to Legend Brewing.

The sale of an initial 18 acres was the next needed step for the mixed-use portion of the 67-acre development that includes the under-construction CarMax Park stadium.

A hotel-anchored development that’s been years in the making for a vacant corner of Jackson Ward appears to be a go.

An amended plan for the proposed Genito Crossing redevelopment calls for the former cinema-turned-church property to be filled with 111 for-sale townhomes, less than half the proposed density of the original plan.

The offices are the first in Southwest Virginia and second in South Carolina for the engineering firm, which also is in the process of relocating its Chesterfield headquarters.

The $1.4 billion Petersburg casino resort project is set to include over 450,000-square-feet of gaming, hotel and dining space and over 75,000-square-feet of meeting and convention space. 

At least three lawsuits were filed in recent weeks by contractors who claim they’re owed millions of dollars for their work on D.C.-based Outlier Realty Capital’s unfinished 150-room project at 1101 N. Arthur Ashe Blvd.