Search Results for: downtown

MeadWestvaco cutbacks have global impact

MeadWestvaco, the Richmond-based packaging company, announced Monday that it is cutting 80 jobs at its manufacturing plant in Hemer, Germany. The layoffs are part of a restructuring plan, which the company announced in January. The company plans to lay off 2,000 employees worldwide, or 10 percent of its workforce. The cost-cutting plan is expected to… Read more »

NewsFeeds 6.22.09

Local developer Anthony Smith takes the plunge at old downtown YMCA (Roanoke Times) Extensive feature on a new developer in Roanoke who says his mentor was Louis Salomonsky, a Richmond developer who served jail time for bribing an official. The Roanoke native wants to invest at least $3.5 million to renovate the property into a… Read more »

New life at John Marshall Hotel?

The two firms leading the development effort, Commonwealth Commercial Partners and Dominion Realty Partners, have been mostly quiet on the project since first announcing their intent at the end of last summer. But engineers filed permits last week to start around $18 million in renovations.

Vacancy signs stay on this year

Even with Memorial Day around the corner, it doesn’t feel like a time to celebrate for Virginia’s hotel operators.

NewsFeeds 5.13.09

Bankruptcy judge approves S&K sale (Times-Dispatch) S&K Famous Brands Inc. is close to ending its storied run after a bankruptcy judge approved its sale yesterday after testimony from a company executive that the retailer could be out of money by the middle of June. Massey’s Dark Side (Style Weekly) Another phenomenal article by Peter Galuszka:… Read more »

Asking for change in response to panhandling

Local businesses, in particular retailers, say panhandlers scare off customers, even if there is no threat to safety. And a growing homeless population can also be a blemish for economic developers trying to show off the region. To combat the problem, the nonprofit group Homeward launched a three-month campaign Monday to remind residents that handing over spare change might not be the best way to help.