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.
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Capital Square drops $1M for site of future HQ in Short Pump
The firm said it will finish designing the 65,000-square-foot building and time the beginning of construction “when market conditions are more favorable.”
The Agenda: Local government briefs for 10.17.22
Richmond planning commissioners will consider a proposed Museum District infill project and restaurant near Byrd Park, and Chesterfield commissioners will ponder a planned grocery store.
CarLotz merger partner Shift gets Nasdaq delisting warning
The warning means both sides of the deal are now faced with having their stock removed from trading on Nasdaq due to their share prices lingering below $1 for too many days.
Spy Rock drops $5M for 2-acre Dabney Road site
The deal gives the local developer a piece of the evolving Westwood area just west of Scott’s Addition, where it’s planning a mixed-use building with 245 apartments.
Construction company buys building for new HQ near Diamond District
Fortitude Commercial Contracting, a 3-year-old firm that recently landed on the RVA 25 list of the region’s fastest-growing businesses, is taking over a building previously owned by Woodfin.
The Agenda: Local government briefs for 10.10.22
The Richmond City Council will discuss the Enrichmond Foundation and a Saint Gertrude apartment conversion, a Henrico infill is up for a vote, and Hanover inks a broadband deal.
Richmond-area bank deposit growth flat from last year
Three of the market’s top five banks saw their local deposits drop over the last year, while Bank of America kept a firm grip on its No. 1 spot.
New landlord makes its mark on Westwood Avenue building cluster
“We’re giving them back some luster,” Frank Cava said of the commercial buildings. “Some folks had brought up the idea to us to change the names of them, but these are historic buildings. It’s time to bring them back to life.”
The Agenda: Local government briefs for 9.26.22
Virginia Union University’s illuminated tower signs and the proposed City Center rezoning will go before the Richmond City Council. A 50-unit townhome development and a private school were approved in Chesterfield.