Despite rising vacancy rates and a slumping economy, developers presented a cheery outlook for development in downtown Richmond at an event yesterday hosted by Venture Richmond. More than 100 people gathered for the Downtown Development Forum at the newly renovated National Theatre at Broad and Seventh streets. Presenters delivered two-minute updates on development projects that… Read more »
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Pipeline Commercial Real Estate Round Up for 11.7.08
The City of Richmond purchased an animal shelter at 1600 Chamberlayne Ave. from the Richmond SPCA for $944,000. Kanawha Capital Management leased 5,500 square feet at 2235 Staples Mill Road, and Tristar Wholesale leased 26,000 sf in Manchester. Click on the link to read more deals. The City of Richmond purchased an animal shelter at… Read more »
Even drug dealers see costs rising
Drug dealing may be illegal, but it still follows the laws of supply and demand. Because drugs are harder to sell in Richmond, prices have gone up. Or, more specifically, the prices have remained consistent for buyers – but the amount of drugs they get for the price is going down; that is, the size… Read more »
There’s hope for Hull Street yet
What was once a main street of Chesterfield County, Hull Street is now the most run-down commercial strip in Richmond. Paper flyers and food wrappers get caught in the wind and ride aimlessly until they find themselves back on the ground – a sort of urban tumbleweed. Centuries-old buildings have busted out windows and boarded-up… Read more »