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FOR THE RECORD: June 2026
McConnell Golf plans a $9 million investment to redevelop The Crossings Golf Club in Henrico County into a public course with major tournament potential.
FOR THE RECORD: May 2026
CENTRAL VIRGINIA Delaware-based Fortune 500 specialty chemical company DuPont has completed the divestiture of its Aramids business, a designer and producer of synthetic fibers including Kevlar and Nomex, to Georgia-based manufacturer Arclin for about $1.8 billion, Arclin announced April 1. The sale will affect DuPont’s Spruance facility in Chesterfield County, which is billed as the [&hel[...]
FOR THE RECORD: April 2026
CENTRAL VIRGINIA In early February, Henrico County-based Fortune 500 convenience store operator Arko closed its initial public offering of fuel subsidiary Arko Petroleum, raising $183.2 million. The distributor sold 11 million shares of its Class A common stock at $18 a share, after the IPO valued Arko Petroleum at about $819 million. Earlier in the […]
FOR THE RECORD: February 2026
CENTRAL VIRGINIA Buc-ee’s has pushed the expected opening of its New Kent County travel center to December 2031, a spokesperson confirmed. The Texas-based chain previously expected to open the location, its second in Virginia, in 2027. News of the delay emerged after a December 2025 meeting of the county’s planning commission, where County Administrator Rodney […]
FOR THE RECORD December 2025
Central Virginia Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have committed a cumulative $120 million to develop a workforce training center for advanced pharmaceutical manufacturing in Central Virginia. The companies, each of which plans to build major manufacturing facilities in Virginia; the state government, including Virginia Innovation Partnership Corp.; and [...]
For the Record: August 2025
Central Virginia In late June, Bow Tie Partners unveiled its $5 million overhaul of BTM Movieland at Boulevard Square, which opened in 2009 inside a 53,000-square-foot former locomotive factory near Richmond’s Scott’s Addition neighborhood. The new attractions from the renovation projects are open, including two new large-format auditoriums, reclining seats throughout the auditoriums[...]
For The Record April 2025
Central Virginia The $2.3 billion GreenCity development in Henrico County is dead, as the developers of the project failed to make more than $5 million in overdue payments by a March 13 deadline. The county, which sent two notices of default to developers Michael Hallmark of Los Angeles-based Future Cities and Susan Eastridge of Falls […]
FOR THE RECORD: February 2025 edition
CENTRAL Commonwealth Fusion Systems, a Massachusetts-based fusion energy company, plans to build the world’s first grid-scale commercial fusion power plant in Chesterfield County, Gov. Glenn Youngkin announced Dec. 17, 2024. The project’s capital investment isn’t fully known yet, but Garrett Hart, Chesterfield’s director of economic development, said, “It will be in exc[...]
FOR THE RECORD JANUARY 2025
CENTRAL VIRGINIA The City of Richmond and VCU Health plan to use a third-party mediator to settle their real estate dispute. VCU Health in 2021 agreed to pay the city $56 million as part of a deal to redevelop the former Public Safety Building plot. The deal never happened, and VCU Health agreed to pay […]
For the Record: December 2024
CENTRAL Richmond-based international foam producer Carpenter acquired omnichannel bedding brand Casper Sleep for an undisclosed amount, it announced Oct. 29. Under the agreement, Casper will operate as a subsidiary of Carpenter. The deal marks the third acquisition Carpenter has made in the past 16 months. In November 2023, Carpenter acquired North Carolina-based NCFI Polyurethanes. That [&helli[...]
FOR THE RECORD NOVEMBER 2024
CENTRAL VIRGINIA Altria Group and Virginia Commonwealth University are discussing the possibility of the university buying the 450,000-square-foot Altria Center for Research and Technology in downtown Richmond, the two parties acknowledged in October. The East Leigh Street building is assessed at $275 million. If the deal comes to fruition, Altria plans to build a new […]
