1.29.2009 Richmond gets extra time on ballpark (Times-Dispatch) The developers pitching a minor-league ballpark for Shockoe Bottom are giving Richmond Mayor Dwight C. Jones an extra five months to swing. Region’s new homebuilding hits lowest point since 1984 (Virginian-Pilot) New home construction and sales in Hampton Roads last year fell to their lowest point in… Read more »
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Newsfeeds for January
1.29.2009 Richmond gets extra time on ballpark (Times-Dispatch) The developers pitching a minor-league ballpark for Shockoe Bottom are giving Richmond Mayor Dwight C. Jones an extra five months to swing. Region’s new homebuilding hits lowest point since 1984 (Virginian-Pilot) New home construction and sales in Hampton Roads last year fell to their lowest point in… Read more »
Former Wachovia Securities workers open consulting firm
The trend continues: Two more Wachovia-ers have started their own business. Deanna Lorianni and Meghan Codd are the founders and sole employees of Zuula Consulting, a copywriting firm that offers a broad range of services and specializes in financial writing, ghostwriting and promotional materials. They opened in July, a few days after their last day… Read more »
Contractors awaiting payment for work in Short Pump
Work continues at the mixed-use complex of West Broad Village in Short Pump, but several contractors have filed liens to make sure they get paid. Since October, seven companies have filed nine mechanic’s liens totaling more than $3.7 million against property owned by Unicorp National Development, the Florida-based developer of West Broad Village.
New Kroger Store Opening Date Pushed Back
The opening of a Short Pump Kroger has been postponed. The Corner At Short Pump, a 47-acre retail and residential development on West Broad Street at Lauderdale Drive, will feature a high-end, 86,000 square foot Kroger store when finished. But leasing agent Thalhimer, Cushman & Wakefield says the opening date for the store will likely… Read more »
Hotel Chain with 5 RIC locations in trouble
The Wall Street Journal reported this morning that Extended Stay Hotels, Inc. is in early talks that could result in turning the hotel chain over to lenders. The hotels are geared towards business travelers who need rooms for longer than a night or two. Four of the hotels are around Innsbrook, and the bankruptcies of… Read more »
Downtown development marches on
Despite rising vacancy rates and a slumping economy, developers presented a cheery outlook for development in downtown Richmond at an event yesterday hosted by Venture Richmond. More than 100 people gathered for the Downtown Development Forum at the newly renovated National Theatre at Broad and Seventh streets. Presenters delivered two-minute updates on development projects that… Read more »
In down economy, what will happen to corporate giving?
A rough patch for local companies can presage lean times ahead for local nonprofits. LandAmerica and Circuit City both filed for Chapter 11 Bankruptcy protection in November. Wachovia Securities, another major corporate giver, packed up most of its operations in favor of St. Louis. All three gave away large sums. Both Circuit City and LandAmerica… Read more »
Innsbrook empties out: Vacancy rate poised to double
Nearly 1 million square feet of class A office space in the Innsbrook area could be vacated as locally-based corporations downsize, driving down rental rates in the area but potentially making the Richmond area more attractive to corporations considering moving here. Almost every office building at Innsbrook has a “for lease” sign, and the situation… Read more »
Recession-themed ad: Sound Investment
While we found advertisements that play off of the economic hype are slow to catch on at the local level, one example was brought to our attention today. Richmond Piano has been running an ad on WCVE Public Radio for about a month that advises listeners: “make a sound investment: play the piano.” “We’ve been… Read more »