The deals include $5 million for a Monument Avenue plot where more than 200 apartments are planned. Sites also were sold at Virginia Center Commons for townhomes and along Tobacco Row for an apartment building.
Richmond
Arts District building loses restaurant tenant but still fetches $2M
200 W. Broad St. had been home to Comfort for nearly two decades before it closed in 2020. A Korean fried chicken joint moved in but didn’t last long.
The Pitch: Advertising and marketing news for 1.11.22
A national fitness chain rolls out its latest locally produced ads, an economic development marketing group gets a rebrand, and some area nonprofits get marketing assists.
The Herd: New hires, promotions & departures for 1.11.22
A law firm names four partners, an accounting firm appoints a marketplace leader, plus new faces and promotions in real estate, finance, architecture, marketing and more.
Owners of 3 local Mexican restaurants do the storefront shuffle
El Chido owner Cruz Albanil took over Carlos Alvarez’s lease on his El Tucan space, and Alvarez is serving El Tucan’s menu at Jalapeno’s Mexican Grill.
Two apartment complexes in Henrico, Chesterfield sell for combined $130M
A Florida buyer paid $71.6 million for the 248-unit Boulders Lakeside, while the 312-unit Park West End changed hands for $59.3 million.
RVA Physical Therapy buys Midlothian building with Burger Bach as tenant
The practice, which already has an office in Henrico, owns its own locations so it can build in-house pools for aquatic therapy. The burger joint will stay.
‘Artwork uninterrupted’: 1708 Gallery becomes its own landlord
After two decades as a tenant, the nonprofit bought 319 W. Broad St. for $1.1 million. It plans to convert two floors into spaces where artists can live and work.
Foreclosures: 1.10.22
Auctions in Chesterfield, Colonial Heights, Hanover, Henrico and Richmond. (BizSense Pro subscription required)
The Agenda: Local government briefs for 1.10.22
The Richmond City Council holds its first meetings of the year Monday, the city seeks feedback on a transportation planning document, and two townhome development plans advance in Chesterfield.