Property in Hanover for $5.2 million was the week’s top sale and 250,000 square feet in Henrico was the top lease. (BizSense Pro subscription required)
The Pipeline: Commercial real estate roundup for 2.4.22
Richmond
Which development firms are eyeing Diamond District? Here’s a rundown
Firms from as far as New York, San Francisco, Texas and Toronto are among more than 100 that have shown interest in redeveloping the area around The Diamond.
Local startup that offers software for nonprofits closes $825K capital raise
Humanitru is using the funds to expand its team as it seeks to make further inroads with museums, humane societies and community colleges.
Douglas Development makes second acquisition in the city in a month
The firm bought the Tiffanie’s Manor adult care facility for $3.3 million and the Massad House Hotel portfolio for $4.4 million.
SB’s Lakeside Love Shack shimmies into the Fan for its second location
The B-52’s-inspired restaurant is opening a sister spot on West Main Street, where it’ll serve dishes like the Big as a Whale breakfast and Bang Bang on the Door eggs benedict.
Henrico supervisors OK 1,600-home Avenlea development in Short Pump
The project is the biggest yet for Henrico-based Eagle Construction of VA, which also is seeking approvals for hundreds of homes nearby in Goochland County.
Bill would let medical cannabis, hemp firms jump-start recreational market
If it becomes law, existing operators could begin selling recreational marijuana Jan. 1, 2023, a year before the broader retail market is slated to launch.
Salt & Forge survived pandemic but will call it quits as owner pursues law school
The Jackson Ward breakfast and lunch spot will close for good on Feb. 13 after four years at 312 N. Second St.
City Council adopts City Center plan that starts with Coliseum demolition
City-owned properties make up the bulk of the 26-acre area slated to become an innovation district with startups, incubators and mixed-use redevelopments.
Innsbrook-based real estate firm to build new HQ in West Broad Village
Capital Square is planning a four-story, 65,000-square-foot office building on a 1-acre parcel of grass.