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FOR THE RECORD
Central Virginia The state’s fiscal 2023-24 budget, approved June 1, contains funding that will benefit future redevelopment of the Central Virginia Training Center site in Madison Heights. Republican Sen. Steve Newman requested $25 million in state money to annul outstanding bonds associated with CVTC, a former state facility for people with intellectual disabilities that closed […][...]
EAB to expand, add 200 jobs in Henrico County
EAB, a direct marketing and recruitment firm for higher education institutions, expects to add at least 200 jobs with a $6 million expansion in Henrico County, Gov. Glenn Youngkin announced Tuesday. The firm, formerly Royall & Co., will relocate from two locations on East Parham Road and consolidate its Henrico operations in[...]
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 [...]
Richmond Raceway names new president
When Lori Collier Waran was a young girl, she spent a lot of time around Richmond Raceway. Her grandparents lived just blocks away and her grandfather would volunteer to park cars so he could watch races. Sometimes Waran tagged along, too. “The raceway was sort of my playground,” she recalled. Now, the raceway will b[...]
VCU’s theater department receives $5M donation
Virginia Commonwealth University has received a $5 million donation from Charlottesville resident James H.T. McConnell Jr. for the Department of Theatre in the School of Arts, the university announced Thursday. The gift will create three endowed funds to promote education and social awareness and to examine social justice throug[...]
Henrico Doctors’ Hospital names new chief medical officer
Dr. Ajit Singh is the new chief medical officer of Henrico Doctors’ Hospital, HCA Virginia Health System announced Wednesday. Henrico Doctors’ Hospital encompasses the Forest, Parham and Retreat campuses. “Ajit values teamwork and is passionate about providing best-in-class care to our patients,” Henrico Doctors&[...]
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[...]
VCU buys former Va. ABC property for $16M
Virginia Commonwealth University on Friday purchased the former Virginia Alcoholic Beverage Control Authority’s former central office and warehouse at 2901 Hermitage Road in Richmond for approximately $16 million, according to Virginia ABC. The sale of the 292,285-square-foot warehouse was included in the state operating b[...]
BWXT subsidiary to build first U.S. nuclear microreactor
BWXT Advanced Technologies LLC, a subsidiary of Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc., will build the first advanced nuclear microreactor in the United States under a $300 million contract awarded by the Department of Defense’s Strategic Capabilities Office, the company announced Thur[...]
Henrico assisted living facility to become affordable housing
Construction started this week on a $23 million project that will create 86 units of affordable housing in eastern Henrico County, Virginia Supportive Housing announced. Formerly an assisted living facility, Cool Lanes Commons, on the border of Richmond and Henrico, will create 80 one-bedroom apartments and six studio apartments[...]
Richmond office building sells for $4.9M
A 13,288-square-foot office building in Richmond sold for $4.9 million, One South Commercial announced Thursday. Located at 4015 Fitzhugh Ave., the two-story building was built in 1954. The architecture firm 3North leases the building, which used to serve as the Boy Scouts of America headquarters. VA Wood Properties LLC bought t[...]
Mixed-use Richmond building sells for $5.7M
A mixed-use building in Richmond sold for almost $5.73 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Located at 1508 through 1510 W. Broad St., the 1510 Lofts has 10,600 square feet of retail and 17 one- and two-bedroom apartments that are 100% leased. Foot Locker leases 44% of the[...]
