A full city block in downtown Richmond may be developed after all, as Dominion Energy has changed course yet again for the vacant lot it owns next to its headquarters.
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$73M and counting: VCU Health on the hook for millions more in downtown project-exit costs
The known cost for the health system to walk away from the project on the site of the city’s Public Safety Building appears to be closer to $80 million – and could end up being higher.
VCU Health, after FOIA request, reveals it paid $73M to back out of unbuilt downtown development
The payment was quietly made to Project 10th Street Owner LLC, tied to Oak Street Real Estate Capital, which was handling financing for the project for developer Capital City Partners.
When Charles III’s Prince’s Institute of Architecture studied downtown Richmond in 1996 (Guest Commentary)
For two weeks in August 1996 the Prince of Wales’ Institute landed in downtown Richmond. While here the students made field studies, engaged with locals, became familiar with downtown’s geography and buildings, and devised an urban design plan for Monroe Ward.
New downtown Chick-fil-A opens today in James Center
Chick-fil-A has cut the ribbon on a new location in the city, while also plotting further expansion in the counties. The fast-food chain opens for business today (Tuesday) at its new Three James Center location at 1051 E. Cary St. downtown. The chicken sandwich-focused franchise has taken over the former Arby’s space. It’s the third… Read more »
RRHA planning rehab after acquiring Grace Place Apartments building downtown
The housing authority is eyeing a refurbishment of the 11-story, 58-unit building, which was evacuated four days after it announced the acquisition due to a pipe burst that flooded units.
Changing of the guard set for downtown investment banking firm
Matrix Capital Markets Group will have a new president at year’s end and also recently hired its first ever COO.
Norfolk law firm to open downtown Richmond office
Pierce McCoy has taken a liking to ground floor spaces in downtown office buildings to give it street-level visibility.
‘Bar-centric’ hotel brand Moxy checks in downtown
The 100-room hotel is six years in the making and set to open Friday in a former office building on East Franklin Street.
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.