A pair of experienced local restaurant owners is the latest to take the leap into Scott’s Addition. Jay Shah and Joel Gilbert purchased the former SunTrust Bank branch at 3022 W. Broad St. on Feb. 16 for an undisclosed sum. Shah, an executive at locally-based Shamin Hotels, said he and Gilbert are still deciding what to… Read more »
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CRE panel gauges the market
The outlook looks strong, though maybe not very strong, for Richmond’s commercial real estate market. That was the general consensus from the panel at Greater Richmond Association for Commercial Real Estate’s 2016 Market Review event Tuesday evening. Held at the Westin on West Broad Street, the annual event was a record-breaker for GRACRE this year… Read more »
Local startup is one to watch
As the clock ticks on their fundraising campaign, Beth Morris and Kevin Lucci hope consumers will give their startup the time of day.
Local startup hatches new breastfeeding clothing line
Latched Mama, founded in 2014 by Melissa Wirt, plans to launch a new line of plus-sized, breastfeeding-friendly clothes for new moms in May.
AIG forecloses on West End strip center
A West End shopping center has been snatched back by its lender. Financial giant AIG took control of the 90,000-square-foot Deep Run Centre during a foreclosure auction on Jan. 26. The strip center is located at 3955-3979 Deep Rock Rd., just off West Broad Street to the east of Innsbrook. It fell into foreclosure after… Read more »
Asian chicken chain spreading its wings
A Korean restaurant chain on an expansion tear through Virginia has two locations in the works in Mechanicsville and Midlothian.
Group of lawyers switches firms
About a quarter of a downtown firm’s attorney workforce has jumped over to a larger local company to help grow its healthcare practice.
The Pipeline: Commercial real estate roundup for Feb. 12, 2016
Contractors, CrossFit gyms, optometrists, health networks and more lease space around town, and several properties sell for more than $1 million.
Nearly $40M pumped into gas station deals
The convenience store mogul behind the Uppy’s chain has sold off a large batch of his area properties for nearly $40 million as he turns to a new business venture in Florida.
West End home goods shop to close
Nearly 11,000 square feet of Broad Street retail space will soon come up for grabs as a national retailer closes one of its Richmond locations. The Pier 1 Imports store at 7496 W. Broad St. will close in March, company spokesperson Melissa Simon said. The Fort Worth, Texas-based company announced last April it planned to… Read more »