Following on the success of the Whole Foods and CarMax-anchored first phase, Sauer Properties is looking to effectively build a new neighborhood from scratch in the next leg of its Sauer Center development in the city.
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Architecture Review: VCU’s New STEM Building checks many boxes (Guest Commentary)
The new building’s interior delivers big time. But the exterior, sorry to say, is a clunker amidst its domestic-sized Franklin street neighbors — like an over-sized cruise ship docked at a comparatively diminutive port, say Key West or Dubrovnik.
The Herd: New hires, promotions & departures for 4.25.23
A nonprofit introduces its new CEO and president. A local news magazine names a GM. More new hires and promotions in law, real estate, construction and more. (BizSense Pro suscription required)
City takes back Public Safety Building property after development stalls
The downtown site has reverted back to city ownership, after the project had not progressed according to an agreement with the developer, whose principals are also behind GreenCity in Henrico and had proposed the failed Navy Hill project.
Henrico forms financing authority for arena-anchored GreenCity
The CDA, or community development authority, is the fourth in the county’s history. Its members include execs with local Fortune 500s and a retired county attorney.
Breaking Ground: Local building permits for 11.23.22
A $112 million commercial development in Henrico tops the list this week. (BizSense Pro subscription required)
Henrico EDA approvals set stage for massive GreenCity development
The resolutions are the first procedural advances for the arena-anchored mixed-used development since county supervisors approved the project last fall.
Downtown coffee shop Alchemy plans transition to co-op model
In a bid to combat a tough labor market, the founder of a Richmond coffee shop wants to bring a cooperative ownership model to the business he started a decade ago.
Guest Commentary: Another (once and future) roadside attraction
The preservation and adaptive reuse of VUU’s Industrial Hall is one of the most important and challenging reclamation projects facing Northside Richmond.
Three-building downtown apartment portfolio sells for $29M
The seller, locally based Levco Management, had purchased the buildings and their 126 units between 2015 and 2018 for a total of $18.5 million.