Tons of industrial leases. Plus Q BBQ expands in Henrico.
Commercial Real Estate
Big plans for one block
Richmond-based Franklin Development Group wants to turn an old industrial building at 3200 W. Clay St. into 131 apartments.
Altria to consolidate offices
The parent of Philip Morris will relocate most of the employees from the WestMark One office building.
High-end apartments slated for West Broad
City & Guilds filed a special use permit for a four-story building with retail space on the first floor.
‘Compromise was achieved’
A student housing development that prompted significant community input is set to break ground.
Saved from the wrecking ball
A pair of developers just paid $800,000 for a riverfront parcel along the floodwall in Manchester, saving an old paper mill from demolition.
Developer plans to raise the roof next to nightclub
A parking lot next to Shockoe Bottom’s most notorious nightclub is getting a $22 million makeover.
Richmond developers bet big on small town
A local investment group that includes some longtime Richmond developers is planning a $28 million hotel project in Staunton, and the project is named after one of Virginia’s early architects.
The Pipeline: Commercial Real Estate Roundup for 1.20.12
Lots of small office and retail space getting leased up this week. And believe it or not, yet another frozen yogurt shop.
Sheraton owners defaulted on $29.5M loan, other loans going sour
Lenders are beginning to take back more delinquent properties as the number of bad loans around town accelerates, including the Sheraton Richmond West hotel on Broad Street.