“In light of what’s happening in the hospitality industry, we pivoted to apartments,” Norman Jemal said. “The building is a very well-built building that fortunately works very well for both a hotel or apartments.”
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The Pipeline: Commercial real estate roundup for 6.19.20
The $8.6 million sale of former industrial site in Richmond tops the list this week.
City’s draft master plan envisions new site for future baseball stadium
The draft Richmond 300 plan now envisions the new stadium to be built among mixed-use development on the west side of Hermitage Road in the area of the existing Sports Backers Stadium.
Four Brothers owner branches out in Tuckahoe
Opening a restaurant a month into a pandemic is far from ideal, but Nader Hagez took the leap anyway.
The Pitch: Advertising and marketing news for 6.9.20
A locally developed retail pickup program is put to use at Willow Lawn, a Richmond music label gets a new website, and two student-run initiatives spawned from VCU aim to fill a summer-internship void.
Surplus proposal for Navy Hill properties delayed again as input expected on Coliseum area plan
A proposed surplus designation that’s needed before Richmond City Council can entertain new development proposals for properties once tied to Navy Hill will have to wait at least another two weeks. Council on Monday delayed consideration of the designation until its next regular meeting on June 22, by which time the city expects to receive… Read more »
Old Manchester diner property to be razed for new development
The long-vacant Lighthouse Diner building on Hull Street, which until recently had been owned by an entity tied to Michael Hild, is not long for this world.
The Agenda: Local government briefs for 6.8.20
An out-of-state company looks to move its headquarters to the region, a county strikes a deal with a private broadband internet provider, and surplus property designations stemming from the Navy Hill project highlight a slew of business on City Council’s plate this week.
New $95M rehab hospital on track for June opening in Goochland
The 200,000-square-foot, 114-bed facility is nearing completion in West Creek.
City holds off on Navy Hill surplus designation, short-term home rental rules
After receiving two offers on city-owned properties once tied to the failed Navy Hill project, Richmond administrators are delaying a proposed surplus-property designation as they plan to rework it around one of those offers in particular.