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Petersburg industrial building sells for $4.6M
An industrial building in Petersburg that once served as the tri-cities headquarters for Pepsi has sold for about $4.6 million, One South Commercial announced Wednesday. An entity connected with Waukeshaw Development Inc. in Petersburg sold the 100,492-square-foot building located at 1501 W. Washington St. in Petersburg to 1501 Petersburg LLC, an entity based in McLean. […]
Crowded out
Election years are not the time to make waves in Virginia’s legislature, says Greg Habeeb, a former Roanoke delegate who now advises clients pursuing legislation in the General Assembly. Big changes — the kind the state saw during the Democrats’ two years of full legislative control in 2020 and 2021 — are expected to be […]
Petersburg approves Cordish Cos. for possible casino
Petersburg City Council is taking a gamble on Maryland-based The Cordish Cos. to develop a casino there — even though Petersburg doesn’t yet have permission to build a casino, according to state law. Council members voted unanimously Tuesday in favor of Cordish,, a commercial real estate company that has developed casinos across the mid-Atlantic and […]
Second Richmond casino referendum is off ballots
The Virginia General Assembly‘s two-year budget, which was passed by both houses Thursday and sent to the governor, includes a provision that would delay a second casino vote in Richmond, where voters defeated a referendum last year. The language would not allow the referendum to appear on Richmond’s ballots until November 2023 — leaving the […]
78-unit apartment complex planned for Petersburg
A 78-unit apartment complex will be developed on a four-acre piece of land recently purchased in Petersburg, Colliers announced Thursday. Thalhimer Realty Partners purchased the High Street Land Development from Monroe Properties for $875,000, according to Colliers. Thalhimer will develop the apartments across two phases: With construction starting in 2023, the first phase will feature […]
Civica to produce lower-cost insulin
Civica Rx, a nonprofit generic drug-maker with a pharmaceutical manufacturing plant under construction in Petersburg, plans to produce three forms of insulin priced at $30 per vial beginning in early 2024, a project that dovetails with a bill in Congress that would cap consumers’ out-of-pocket insulin costs. Civica’s 140,000-square-foot, $124.5 million Petersburg production facility wi[...]
Cameron Foundation president to retire
The Cameron Foundation’s president, J. Todd Graham, will retire Dec. 31, the Petersburg foundation announced Monday. Graham has served as the foundation’s president since fall 2012. Under his leadership, the foundation has supported projects that have established school-based health clinics in Petersburg and Hopewell high schools, a teacher residency program in Petersburg schools to re[...]
In the big leagues
Central Virginia continues to attract pharmaceutical companies, advanced manufacturing sites and distribution centers, with 2021 seeing several major deals from companies that will bring large footprints to the region. Richmond was the leader in the clubhouse, with the city occupying half of the spots on the region’s list of the 10 biggest deals of 2021, […]
STEM-ming the tide
Mariah Simmons arrived at Virginia State University in 2016 with a dream of becoming the first computer scientist in her family. The week before school started, she enrolled in an on-campus mentorship program called Project Knowledge, which provided her a road map for navigating college. Simmons, now 23, heard stories from students who had been […]
Economic healing
Over the years, Petersburg has become accustomed to bad economic news. After Brown & Williamson Tobacco Corp., Petersburg’s largest employer for decades, left the city in 1985, Petersburg suffered an economic downturn from which it’s never quite recovered. More recently, in 2016, Petersburg city government had a roughly $12 million shortfall in its operating budget, […]
Brown Edwards acquires Mitchell Wiggins
Roanoke-based accounting firm Brown Edwards LLP acquired tax, audit and business consulting firm Mitchell Wiggins on Nov. 1. With offices in metro Richmond and the Petersburg/Tri-Cities areas, Mitchell Wiggins will bring six partners and 47 team members to Brown Edwards. Brown Edwards will have an office in the former Mitchell Wiggins space in Richmond, with […]
Petersburg retail centers sell for $10.25M
Two neighborhood retail centers in Petersburg sold for $10.25 million on Oct. 15. The two properties total 192,510 square feet and occupy 24.9 acres. Located at 3330 S. Crater Road, South Crater Square is 82.7% leased and anchored by Rose’s, with Walmart Supercenter as a shadow anchor. Pinehill Plaza, located across the street at 3333 […]
