Sign In
Free Newsletter
Building blocks
If you ask economic development officials in Central Virginia about 2022, they might respond with a familiar slogan: “Everything is awesome.” With almost 5,000 announced jobs and $1.6 billion in capital investment, the Richmond region had one of its best years in the last two decades. By October 2022, the region recovered 100% of jobs […]
Lego to hire 500 Chesterfield employees by year’s end
The Lego Group plans to hire approximately 500 people for its $1 billion Chesterfield County manufacturing facility by the end of this year, according to the Danish toymaker’s head of talent operations in the Americas, Karra McCormack. Lego expects to create more than 1,760 jobs over 10 years. The company and Gov. Glenn Youngkin announced […]
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” — […]
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 […]
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, […]
Chesterfield medical office building sells for $12M
A medical office building in Chesterfield County sold for $12.25 million, Cushman & Wakefield | Thalhimer announced March 23. Located at 7300 Ashlake Parkway, the 27,606-square-foot property is 100% leased to four tenants: Vital Care Family Practice, LabCorp, James River Cardiology and Absolute Dermatology & Skin Cancer Center. Nashville, Tennessee-based Montecito Medical Real Estate bough[...]
250 acres on Richmond-Chesterfield border for sale at $79M
The director of Chesterfield County’s economic development office says a “major midtown development” could result from the sale of nearly 250 acres of undeveloped property in the county and the city of Richmond. The two pieces of land are now on the market for $30 million and $49 million, according to S.L. Nusbaum Realty, which […]
28 acres in Chesterfield sells for $4.233M
About 28 acres of land in Chesterfield County sold for $4.233 million on Sept. 16, Cushman & Wakefield | Thalhimer announced Thursday. The land is located at Hull Street Road and Route 288. Rebkee Partners and affiliates purchased the acreage from 360 Capital Partners. David M. Smith of Cushman & Wakefield | Thalhimer represented the […]
Chesterfield EDA eyes mixed-use project at Spring Rock Green
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The Boulder’s Office Park. The first phase of the project […]
Central Virginia home lot sales surged 33% in Q4 2020
Henrico-based real estate researcher Integra Realty Resources announced this week that Central Virginia saw a surge of home activity in the fourth quarter of 2020, with lot sales increasing by 33% and permitting activity increasing by 39%. In this time frame, 1,430 building permits were issued for construction and 1,432 vacant lots were sold. Integra […]
Manufacturing/logistics building coming to Meadowville Technology Park
A newly announced 353,044-square-foot manufacturing and industrial facility will be the first spec building constructed at Meadowville Technology Park, which is owned by the Chesterfield County Economic Development Authority. The project is being developed by Columbia, South Carolina-based Red Rock Developments and Stamford, Connecticut-based Westport Capital Partners LLC. It is Red Rock’s f[...]
