Tobacco Company owner eyes retail development

According to Richmond Jerry Cable, owner of the Tobacco Company, is about to accept bids and develop some retail spaces in Shockoe Slip.

Cable bought 1211-1217 E. Cary St., previously owned by imprisoned former developer Justin French, in a bank auction late in 2010. He also owns the two buildings on either side of his restaurant.

“We’re redoing the commercial block and the two buildings on either side of the restaurant this summer,” Cable said. “In all it’s going to be about 35,000 square feet of renovations.”

Cable said that he plans to set up a bid process for the contractor and that he has a budget of about $7 million.