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Exceeding expectations
In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s president and CEO, as the region landed two “megaprojects” — […]
Everything is not awesome
When Lego Group representatives toured Chesterfield County’s Meadowville Technology Park on a winter day early this year, they didn’t speak. As with most industrial site visits, the county economic development authority staffers conducting the tour didn’t yet know which company they were working with, although they’d answered a site consultant’s request for proposal. The execs […]
Industrial property in Richmond sells for $3.7M
Warwick Trade Center, a 38,056-square-foot flex industrial property in south Richmond, has been sold for $3.7 million, according to Cushman & Wakefield | Thalhimer. CIG 6290 RFO LLC, an affiliate of Cohen Investment Group, sold the property to Standard Properties Inc. on Sept. 27. Located at 6290 Old Warwick Road, the property is on 2.25 […]
Surf’s up for Chesterfield’s The Lake
It took a lot to make The Lake happen. Developer Brett Burkhart had to nail down $323 million in financing, obtain a slew of permits and get Chesterfield County to offer performance grants or tax rebates. That took seven years, but he finally got it done, and clearing is underway on the 105-acre site on […]
$300M vertical farming campus coming to Chesterfield
A $300 million indoor vertical farm campus — billed as the world’s largest — is coming to Chesterfield County’s Meadowville Technology Park, Gov. Glenn Youngkin announced Wednesday. San Francisco-based Plenty Unlimited Inc. is expected to produce 300 jobs over the next six years in a multiphase project. The first farm, expected to be completed in […]
Civica announces plans for $27.8M lab in Chesterfield
Nonprofit drugmaker Civica Rx is investing $27.8 million to establish a new 55,000-square-foot laboratory in Chesterfield County’s Meadowville Technology Park, Gov. Glenn Youngkin announced Thursday. The expansion will add 51 jobs, according to a news release. The company will also host a scale-up manufacturing facility run by Virginia Commonwealth University’s Medicines for All Instit[...]
Chesterfield Carvana facility opens with 240 employees
Fortune 500 used car online retailer Carvana Co. is more than halfway to its 400-employee hiring goal for its $25 million, 191,000-square-foot Chesterfield County inspection center, General Manager Robert Sheets said Wednesday at the center’s ribbon cutting. Carvana has hired 240 employees and expects to reach 400 workers when it begins full production later this […]
Va. officials woo chip manufacturers
U.S. Sen. Mark Warner and state and local economic development officials are vying to attract semiconductor chip manufacturing facilities to four Virginia industrial sites as the commonwealth gears up to fight for a piece of the financial pie from sweeping federal legislation that promises to ramp up chip production in the U.S. Representatives of Chesterfield, […]
Va. Credit Union loses bid to expand membership
The Virginia State Corporation Commission ruled Wednesday that the Chesterfield County-based Virginia Credit Union cannot expand its membership to the Medical Society of Virginia, possibly resolving a three-year battle between the credit union, the Virginia Bankers Association and several community banks in the state. The credit union issued a brief statement Wednesday: “We are disappointed [...]
Corsicana Mattress Co. closing Chesterfield plant in Aug.
Chesterfield County’s former Symbol mattress production plant will close in August, laying off 54 employees, owner Corsicana Mattress Co. announced Thursday. Production will be absorbed into the company’s plants in Connecticut and North Carolina. “It appears that this location is a victim of both a competitive realignment and lower product demand,” Garrett Hart, director of[...]
Lego to build $1B factory in Chesterfield
It’s highly unlikely that it will be built from brightly colored plastic bricks, but the Lego Group will be bringing a $1 billion toy manufacturing plant to Chesterfield County’s Meadowville Technology Park, creating more than 1,760 jobs, the company and Virginia Gov. Glenn Youngkin announced Wednesday during a press conference at the Science Museum of […]
200 townhomes planned for Chesterfield County
Nearly seven acres of land in western Chesterfield County has been sold for $3.8 million in preparation for 200 townhouses to be built in the Westchester Commons area. Westchester Towns Development Co. purchased 6.57 acres of land at 1400 WC Commons Way, from Zaremba Metropolitan Midlothian LLC, Cushman & Wakefield | Thalhimer announced May 16. […]
