From a Rocketts landing townhome to a 200-acre farm, Richmond’s residential real estate market continued to churn out million-dollar deals each month in 2015. And one local couple’s house hopping made for a home sale hat trick this year.
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The 2015 evolution of Richmond’s startups
This year saw several local companies champion the startup competition circuit, while brick-and-mortar newcomers set up shop and Hopewell laid the groundwork for its own small business hub.
Vacant Petersburg hotel slated for $20M transformation
An empty hotel that looms over the highway is set to be revived as the centerpiece of a large mixed-use project including retail and apartments that will serve as a more welcoming first glimpse of the city.
TowneBank deal boosts its local lending clout
A $220 million deal to acquire a Chesapeake competitor will nearly double the size of TowneBank’s local lending force and will also fill out its ranks with some new executives.
Production studio awakens the Force in RVA
X-wing fighters zoom above the James, the Millennium Falcon dodges gunfire, and Richmond’s bridges take some heavy hits in a new “Star Wars”-inspired video recently released by a local production studio.
Scott’s Addition rooftop gives rise to event venue
A deal between a Scott’s Addition developer and a catering company will open the upper level and rooftop of a Broad Street building up to host events with a view.
String of higher-priced homes rise in Church Hill
Encouraged by last year’s sales of two homes in the neighborhood, a developer is raising seven more in Church Hill to be priced at about $400,000.
Dominion pledges $5.5M to theater nonprofit
The energy giant will soon have its name plastered on a downtown performance arts complex after promising $5.5 million in donations over 15 years to Richmond CenterStage.
Office tower deal closes at $104M
Richmond’s newest office tower has been bought by the development’s lender, the first in a string of huge office complex deals in the works downtown.
Newsbites: Noteworthy tidbits for Dec. 15, 2015
More than $1 million, plus food, clothing and bicycles are donated to local charities, several hospitals receive designations, and lawyers, PR professionals, sports teams and Realtors are recognized.