The deal comes as the seller, Highwoods Properties, is seeking approval of a massive mixed-use development on 34 acres across the street from the site.
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Developers plan to build apartments in final two Locks buildings
The project would cap off the nearly decade-long redevelopment of the old Reynolds North complex along downtown’s canal front.
Wegmans pays $4M for 220-acre site of contested Hanover County facility
The supermarket chain received approval to build a 1.1 million-square-foot, $175 million distribution center but it still faces legal challenges.
Shopping center with vacant former Kmart in Henrico sells for $4.4M
The new owner said renovations are in store for the big box shell, rather than a demolition, and it will likely be subdivided.
Glenwood Golf Course redevelopment gets planning commission approval
The number has been reduced, but Godsey Properties’ plan for two subdivisions with hundreds of homes now goes to county supervisors.
The Agenda: Local government briefs for 7.26.21
Mixed-use developments in Chesterfield and near Colonial Heights, proposed zoning changes in Richmond, and a matching grant program to help businesses attract new employees.
Cannabis dispensary sprouting in former Need Supply in Carytown
Green Leaf Medical co-founder Phil Goldberg confirmed the deal Wednesday during Richmond BizSense’s “Future of Cannabis in Virginia” virtual panel.
New landlord buys 150-year-old apartment building for $2.8M
The seller paid $1.5 million for the Exchange Alley Lofts at 8 S. 14th St. in 2017 and said he sold it for the $1.3 million profit.
Lacy-owned properties on Arthur Ashe Blvd. being sold for apartment project
The five parcels, which total 3.3 acres and are assessed at a combined $9 million, currently house Cort, Tilt Creative and Buz and Ned’s Real Barbecue.
Hourigan breaks ground on Deepwater Industrial Park off I-95
The developer bought the 110-acre parcel in 2017 and is planning a multi-phase project with around 1.2 million square feet of warehouse space.