After two years in Chapter 11 limbo, a Southside church has put together a lengthy plan to finally free itself of bankruptcy, which includes new leadership, debt renegotiation and hopes of leasing out extra space.
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Churches settle deposit dispute
An Eastern Henrico congregation didn’t get the new church it wanted, but it’s at least getting its money back from an unsuccessful bid on a property near Manchester.
The Pipeline: Commercial real estate roundup for June 26, 2015
A busy pipeline this week, including a $1.75 million property sale in Hopewell, an 87,000-square-foot lease in Manchester and a pair of land purchases by local homebuilders.
Downtown pub building to add apartments
The new owner of a longtime local pub spot on Franklin Street has plans to replace the upstairs office space with 10 new apartments as the neighborhood slowly draws more businesses.
Trio of new breweries stake out space
While one homebrewer is taking a shot at a taproom in the suburbs, two other startups plan to boost the beer flow in the fast-growing Scott’s Addition area.
Co-working startup jumping to more space
A shared office space with a focus on retail-related startups is expanding with a move from Rocketts Landing into the outskirts of the Fan.
Would-be buyer walks away from bankrupt church
Months after putting down a $2.15 million bid on a large Southside church property, a Henrico congregation is stepping back from the deal, which has been convoluted by lawsuits.
Cidery, brewery hone in on Scott’s Addition
A Manchester cider startup is working a deal with the city to buy a Scott’s Addition property, and a startup brewery is scouting out space nearby.
Abandoned downtown building eyed for apartments
A Main Street site once floated for a condo tower is back on the drawing board and planned to be revamped into new apartments and commercial space.
Another Jefferson property falling to foreclosure
A 100-unit Manchester apartment complex is headed for auction, and a sale would topple the last big piece of Billy Jefferson’s Richmond real estate empire.