The rehab of 1501 and 1503 W. Cary St. has begun, with plans to renovate the 124-year-old buildings into a modernized mixed-use development with a half-dozen apartments and commercial space.
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2023: The year that revealed VCU Health’s bad real estate deal
The events that led up to it were years in the making, but it was over the course of this year that the controversial and costly downtown development deal was revealed and unraveled.
‘Why is there a cover-up?’ Wilder responds to VCU Health payout report, repeats call for state investigation
The VCU professor and former Virginia governor discussed the report’s findings in a series of interviews with BizSense: “What it amounts to is the Board of Visitors has not done its job, the president has not done his job…and the people of Virginia are being ill-served,” he said.
‘It’s not their money’: Wilder calls for Rao’s dismissal, state investigation after $73M VCU Health development payout
“With this amount, how many students are robbed of attending VCU in scholarships? Most importantly, what actions are being taken to ensure that enormous wastes like these are prevented in the future?” Wilder said in Tuesday’s press conference.
The Pipeline: Commercial real estate roundup for 2.3.23
The $16.85 million sale of 171 apartments in Petersburg and a 25,000-square-foot lease in Chesterfield top the list. (BizSense Pro subscription required)
Rocketts Landing developer buys 18th-century Fairfield mansion for $3M
The 10,000-square-foot home was originally built in Hanover County around 1750 by a half-brother of Patrick Henry. It was dismantled in 1928 and reconstructed at its current 7-acre estate in western Henrico.
The Pipeline: Commercial real estate roundup for 9.9.22
The $3.2 million purchase of 71,252 square feet in Caroline is the week’s top sale and 16,036 square feet in Richmond is the top lease. (BizSense Pro subscription required)
Walnut Hill estate in Rockville hits market for $2.6M
A retired tobacco executive is selling the estate that was once the homestead of the late philanthropists Harwood and Louise Cochrane.
VCU approves one-time funding to absorb tuition increase for in-state undergrads
The Board of Visitors voted Friday to reallocate $6.7 million to cover increased tuition for the university’s 20,000 in-state undergrads in the coming academic year. The initiative won’t apply to other types of students.
Chesterfield sets stage for After Hours concert series at county fairgrounds
: The Board of Supervisors OK’d a license agreement with EventMakers-USA to host at least one concert this fall. Country star Chase Rice will play Oct. 16.