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CoStar Group to open $460M campus in Richmond
Washington, D.C.-based CoStar Group Inc., a commercial real estate data and analytics provider, will build a $460 million corporate campus in Richmond, creating 2,000 jobs, Gov. Ralph Northam announced Friday. The new campus will include a 26-story, 510-foot, LEED-platinum-certified skyscraper that will be the tallest building i[...]
Northam proposes $150M for site readiness
When Mazda Toyota was looking to build a plant that would have brought 4,000 jobs and 1.6 billion in investment, Virginia was ruled out. Why? Because Virginia didn’t have a competitive project-ready site available. Huntsville, Alabama, landed the deal instead. Since 2016, Virginia has lost out on 42,000 direct jobs and [...]
Two Va. projects are finalists for $100M U.S. EDA grants
Two Virginia projects — one to make Central Virginia an advanced pharmaceutical manufacturing hub and one to support the transportation and logistics cluster in Southern and Southwest Virginia — are two of 60 finalists for the U.S. Economic Development Administration’s Build Back Better Regional Challenge, which will provide awardees with up to $100 million each. […]
Construction begins on Hard Rock casino in Bristol
Construction has started on the Hard Rock Hotel & Casino Bristol’s temporary casino, with opening scheduled in the second quarter of 2022, Hard Rock International Inc. announced Thursday. Before its permanent casino is built, Hard Rock will build a 30,000-square-foot casino at the former Bristol Mall. It will feature 9[...]
Patrick County flooring company announces $9.3M expansion
Ten Oaks LLC, a manufacturer of residential hardwood floors, will invest $9.3 million in a sorting and stacking facility in Patrick County, creating 11 jobs, Gov. Ralph Northam announced Wednesday. The company was established in 2004 in the town of Stuart and was acquired in 2019 by Canadian company Boa-Franc. The new facility is located […]
What will Amazon HQ2 look like? Arlington planners weigh in.
Arlington County Planning Division’s Site Plan Review Committee will review the layout and architectural design for PenPlace, the proposed second phase of Amazon.com Inc.’s East Coast headquarters, as well as the proposed public space, in its Monday night meeting. Meeting documents show the proposed layout of the Pentagon Ci[...]
Youngkin promises biz-friendly climate for Va.
Talent, taxes and regulations, broadband access and energy are the top concerns for Virginia businesses, according to survey results gathered for the Virginia Chamber of Commerce’s Blueprint Virginia 2030, an action plan for strengthening Virginia’s economy. And those are also priorities for Gov.-elect Glenn Youngkin, he sai[...]
$31.5M Winchester turkey plant to create 111 jobs
Minnesota-based TFC Poultry LLC will invest $31.5 million to establish its second U.S. production facility in Winchester, a project expected to create 111 jobs, Gov. Ralph Northam announced Thursday. “Virginia’s strong agriculture sector continues to play a critical role in the success of our booming economy,” Northam sai[...]
Shenandoah Valley races to develop industrial sites
A flurry of recent industrial investment in the Shenandoah Valley has regional economic development officials eager to make new sites shovel-ready as companies put a premium on locations that will enable them to stand up operations as fast as possible. Fast-casual restaurant chain Cava’s September announcement that it will bui[...]
Hot property
Richmond real estate developer Andrew Basham’s company, Spy Rock Real Estate, owns so many properties within Scott’s Addition that local business owners jokingly refer to the neighborhood as “Andrew’s Addition.” As the area has become Richmond’s hottest neighborhood — literally and figuratively — Basham and[...]
Industrial space gets boost in Amherst
Amherst County has received a $3 million federal grant to attract manufacturing firms with a new 45,000-square-foot, $4.6 million industrial facility. In September, the U.S. Department of Commerce announced that it awarded a $3 million grant to the county Economic Development Authority to build a new county-owned facility, with [...]
UK race car maker taps into Martinsville talent
College students in Martinsville can get on the fast track to careers with British race car manufacturer Radical Sportscars. In May, the Peterborough, England-based company opened its first U.S.-based sales office at Patrick & Henry Community College’s Manufacturing and Engineering Technology Complex, close to the school�[...]
