No idea on the costs but it’s truly a massive chunk of property in Shockoe. It includes five renovated apartment buildings with more than 700 units, a 137,000-square-foot office building, row of 12 townhouses and runs six blocks from 21st Street to Pear Street, along Cary Street. More details from Richmond BizSense.com.
From Richmond BizSense.com BrownGreer and about 330 of its employees last week moved into the 38,000-square-foot Cedar Works building at 250 Rocketts Way. The law firm bought the three-story building April 1 from an entity affiliated with Rocketts developers WVS Companies. It paid $6.32 million for the fully developed building, according to Henrico County records. [...]
River City Real Estate is the most hated company on Shockoe News as evidenced by this thread. In what many locals would consider good news Billy Jefferson the head of the company is now headed for jail but not for his company’s poor rental management practices. Richmond BizSense.com has the details.
From Richmond BizSense.com, news that the 12 story vacant building at 700 E. Franklin Street will be turned into 174 apartments at the cost $31 million.
From Richmond BizSense.com. Shamin Hotels, which owns 31 hotels in the area, is under contract to purchase an 18-story, 182,000-square-foot property at 700 E. Main St. in Richmond’s downtown business district.
My headline jumped the gun a bit on Gateway Plaza. Richmond BizSense has a detailed summary of the “to do list” that needs to happen before we see another tower rise up into the skyline. One of which would be, “take possession of the portion of Eighth Street that divides the property diagonally in two”. [...]
Larson Development has already finished work on 27 units at 1822 E. Franklin St., has planned another 27 units going up at 1806 E. Franklin St. and now has submitted plans for 1815 E. Franklin. Apparently he likes the look of E. Franklin and the market is strong enough to support the influx as he has had [...]
From Richmond BizSense.com; Marc Galt of Sensei Development and Chris Johnson and Tom Dickey of Monument Construction are teaming up again to build a 57-unit apartment complex at 200 N. 20th St., shown above, in Shockoe Bottom. The group has done more than 10 projects together over the years. The $6.7 million project will include [...]
From Richmond BizSense.com; Plus MGT, owned by George Emerson and Phil Roper, purchased the Shockoe Place Apartments at 1900 E. Franklin St. on May 1 from CWCapital, a firm that holds and sells troubled real estate and its debt. The developers now own almost 550 apartments in and around Shockoe Bottom, said Tara Carter, director [...]
According to Richmond BizSense.com 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 [...]
Richmond BizSense.com has all the details on the expansion. WVS Companies, developers of the large riverfront complex that straddles Henrico County and the city line, is starting construction this summer on four townhomes and an apartment building with 150 units. WVS has built restaurants at the development, but this summer’s estimated $20 million project will [...]
From Richmond BizSense.com; Fred Cox of Marcellus Wright Cox Architects said designs, costs and financing had not been set for the building at 1903 E. Marshall St. because the firm was still working with the city and waiting for a final architectural approval. The finished product should be four stories and between 120 and 130 [...]
We are all familiar with the ugly parking lot next to Have a Nice Day Cafe. We won’t be looking at the empty lot for long. Soon we might see well dressed business folk coming and going from a $22 million apartment building. Richmond BizSense.com has the details on the the latest apartments to hit [...]
From Richmond BizSense.com; Three weeks ago, developer Charles Macfarlane and his business partner Sam McDonald bought two historic buildings at 2301 and 2323 E. Main St. that were originally built for the P. Lorrilard Tobacco Company. Macfarlane said that, after two and half years of waiting, he purchased the buildings from Forest City Enterprises for [...]
The Greater Richmond Association for Commercial Real Estate (GRACRE) Awards were announced earlier in the month and our area faired well.
