2015 put in motion several developments and trends to keep an eye on in the coming year, including the continued growth of several areas around town, the grocery store battlefront and the bubbling brewery industry.
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This year’s deals and developments
2015 brought big development to the Richmond area, with huge property deals, long-awaited developments wrapping up and ground breaking on new projects to watch in 2016.
Jefferson’s last big project falls to lender at auction
On the third attempted auction this year, the lender on an apartment project developed by jailed developers Billy Jefferson and Justin French has reclaimed the property as Thursday’s sole bidder.
Developer lists Shockoe Slip penthouse for $1.6M
A prolific local developer and a real estate agent have a new property on the market: their own home, a 6,000-square-foot condo custom designed several years ago.
A Southside Carytown?
Planning to invest about $9 million, a construction company is launching into its first urban development project and hopes to create a stretch of apartments, restaurants, and retail in Manchester.
Amid bike race, downtown’s retail trial run
A major downtown developer is weighing the market’s retail potential by reviving some vacant Broad Street storefronts with temporary shops during the upcoming bike race, and more stores are popping up 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.
The Pipeline: Commercial real estate roundup for Jan. 16, 2015
An LLC buys up two Hanover County office buildings for more than $1.5 million, VDOT buys a 62,000-square foot warehouse, retailers and restaurants find new space, plus more real estate news in area office parks and downtown towers.
Breaking Ground: Local building permits for Sept. 24, 2014
New WaWa in Henrico, more work on the Twister project in Chesterfield County, a new apartment building in Manchester, and more. See the full list with BizSense Pro.
Downtown high-rise hits the market
The owners of one of downtown’s first apartment towers has decided to sell the 12-story Main Street building with an asking price of more than $8 million.