Three days after the City Council vote that appeared to kill the massive arena-anchored economic development deal, Stoney sat down with Richmond BizSense to reflect on what went wrong – and what might happen next.
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Amazon-anchored Southside warehouse complex fetches $78M
The developer that turned a swath of Philip Morris-owned land on the city’s Southside into nearly 1 million square feet of prime warehouse space has unloaded the property in an eight-figure deal.
Hild properties fetch $4.7M at auction
The biggest sale of the bunch was that of an old bank building at 1518 Hull St., which went to local developer Josh Bilder for $1.6 million. The old Lighthouse Diner building also sold.
BB&T-SunTrust deal closes
The banking giants have tied the knot in a deal that’s sure to bring noticeable changes to the Richmond banking market. But the successor brand – Truist – won’t show up in the area immediately.
Richmond-area branches intact for now as BB&T-SunTrust heads for finish line
The combined banks would have 71 branches in the Richmond market when the deal closes as expected later this week. It remains to be seen how many of those will be consolidated.
Innsbrook-based firm drops $1.6M for half-acre in Scott’s Addition
As it makes its first foray into from-scratch development, a local real estate firm has closed on the first piece of what’s planned to be three buildings, including an 11-story tower, in one of Richmond’s most sought-after neighborhoods.
$3M Rothesay Circle deal tops July home sales
The nearly $3 million purchase of a 12,000-square-foot mansion overlooking the James River eclipsed all other Richmond-area home sales in July, coming in more than $1.5 million above the next-highest sale in a month that was full of million-dollar deals.
SunTrust to move parts of Richmond mortgage hub to N.C. as part of BB&T deal
Fallout from the pending $66 billion marriage of banking giants BB&T and SunTrust is beginning to emerge in Richmond, as one side prepares to relocate executives to a new shared mortgage headquarters in Greensboro.
The Agenda: Local government briefs for 5.13.19
City Council votes on next fiscal year’s budget, Hanover County breaks ground on a new library, and the YMCA breaks ground on its new aquatics center in eastern Henrico County this week.
RRHA selects developer for apartment rehabs; Jackson Place phase 2 selection looms
As it lines up a developer for one of three initiatives aimed at converting its properties to private ownership, Richmond’s public housing agency is facing heightened scrutiny over its pending selection for another one of those projects: the latest iteration of a Jackson Ward development that has been years in the making.