Republic Properties, which once led a previous iteration of the development group, is suing Thalhimer Realty Partners and Loop Capital following their formation of a new entity that entered into a revised development agreement with the city in May.
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Business improvement district in the works for Carytown
Similar to the downtown and Manchester assessment district, the Carytown district would charge businesses a fee for enhanced city services and could provide a template for other commercial corridors.
The Docket: Local court roundup for 7.11.24
A former vape retailer is facing three lawsuits, two for defaulting on leases and the third for failure to repay a $1.2 million note. (BizSense Pro required)
Thalhimer scraps Arthur Ashe Blvd. apartment project, sells land to HCA
Thalhimer had planned a mixed-use building with 150 apartments and an HCA emergency center as the commercial tenant. Now, apartments are off the table, while HCA’s plans continue on.
City won’t meet Diamond District incentive deadline, plans to lobby G.A. for missed $24M
The city said the loss of the $24 million in state sales tax incentives does not jeopardize the stadium or the Diamond District project overall, which remains scheduled to break ground next month.
One South Commercial plants flag in Devil’s Triangle building
The wedge-shaped building along Arthur Ashe Boulevard was sold to the broker group and developer Dave McCormack by an LLC tied to development firm Rebkee.
The Agenda: Local government briefs for 6.24.24
Residential projects are up for votes in Chesterfield, Hanover and Richmond, and the city names an acting economic development director. (BizSense Pro required)
180 apartments for lower-income renters planned in Piney Knolls area
The apartments in the works near Walmsley and Broad Rock boulevards would be targeted to renters earning below 80 percent of the area median income.
Carytown Bicycle Co. closes store at Winterfield Crossing
The chain’s exit from Winterfield Crossing comes two years after the locally founded brand was acquired by cycling giant Specialized Bicycle Components.
Judge dismisses legal challenge to Diamond District financing
A judge on Friday tossed the complaint from local activist Paul Goldman, who alleged that his rights to petition for a referendum of city voters were unfairly burdened due to an unclear process in the city’s charter.