From apartments to data centers to hotels, the region’s commercial development market experienced exceptional growth across many sectors in 2019.
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The year of LeClairRyan: Richmond law firm news roundup 2019
In one of the busiest years in recent memory for Richmond law firm news, there was the story of LeClairRyan – and then there was everything else.
Salomonsky sells Shockoe Slip apartments building for $8M
Through a chance encounter and a 1031 exchange between two generations of Richmond property owners, one of the oldest buildings in Shockoe Slip and among the first to be converted to apartments has changed hands in a multimillion-dollar deal.
X-Golf simulator venue taking shape in Westchester Commons
Two brothers, graduates of UR and JMU, are bringing an X-Golf franchise to the Chesterfield shopping center. It features simulators, along with food and a full bar.
Loupassi sells Broad Street site for $5.4M
Seasoned developer Steve Leibovic is the buyer for the nearly 2-acre assemblage, which for now is home to tenants such as Gusti Restaurant Equipment & Supply.
Mixed-use development underway at UMFS campus
Site work has begun for 250 apartments and a Courtyard by Marriott hotel along West Broad Street. Spy Rock Real Estate leads the development.
Former Brookland Park gas station to be converted into art gallery
Lamplighter Coffee previously eyed the property, which now will be home to Richmond Art Garage, run by a former Richmond Times-Dispatch reporter.
Carvana ‘car vending machine’ tower eyed for Westwood Ave.
Three years after its previous effort came up short in Short Pump, a national used-car retailer that’s been revving up its local presence is now eyeing the city for one of its signature “car vending machine” towers.
Eight-figure flip: Newly built West Creek apartment complex fetches $103 million
A Henrico-based firm bought the 373-unit development, which opened to residents a year ago. The cost was $277,000 per door, the region’s largest in 12 months.
Blanchard’s opens first of two cafes in the city
The local coffee roaster opened its new outpost across from Scott’s Addition last week. Another spot is planned for Forest Hill.