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Chesterfield eyes zoning overhaul to boost development
In 1980, developer George Emerson stood in a wooded area of Chesterfield County‘s Bermuda district and told a contractor where he wanted to build a road. Without any formal plan endorsed by the county, Emerson built the Walthall Industrial Parkway, opening the adjacent land for industrial development. Times have changed, a[...]
Va. Museum of Fine Arts plans $190M expansion
The Virginia Museum of Fine Arts has hired the Detroit-based firm SmithGroup to design a new wing of the Richmond museum in a $190 million expansion and renovation project announced Tuesday. The new wing will provide space for African art, photography and 21st-century works, according to the museum. Construction is expected to b[...]
Chesterfield EDA acquires former speedway property
Chesterfield County will purchase the former Southside Speedway property for $4.5 million, according to a news release from the county’s Economic Development Authority. The county’s board of supervisors approved the transfer of funds for to the EDA for the purchase on June 23. The nearly 48,000-square-foot property purchase is part of a plan to expand […]
Henrico County building sold for $2.2M
Brian Scrimpsher purchased a 15,327-square-foot building for $2,225,000 in western Henrico County, which will be used as a VA Cars Inc. dealership, Cushman & Wakefield | Thalhimer announced last week. The property at 7494 W. Broad St. is on 1.1 acres, and it was purchased from Ross Square LLC, with James Ashby IV of Cushman [...]
$250K SCHEV grant boosts VCU-ChamberRVA internship initiative
Virginia Commonwealth University and ChamberRVA hope to expand paid internship opportunities in the Richmond region with the help of a $250,000 grant from the State Council of Higher Education for Virginia, the chamber announced Thursday. In October, the Virginia Chamber Foundation and SCHEV started a public-private partnership,[...]
Chesterfield business park portfolio sold for $39.5M
A Miami-based investor purchased a five-building Chesterfield County office portfolio for $39.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The Boulders and Moorefield business parks — totaling 414,322 total square feet that is 87% leased to several tenants that include AIG, Accenture and others — were [...]
Richmond-based ColonialWebb opens new data center division
Richmond-based mechanical and electrical systems company ColonialWebb has opened a new division that focuses on data centers, call centers, specialty operations centers and other essential opportunities, it announced Wednesday. Known as the Mission Critical Division, the department will be led by General Manager Nathan Wethingto[...]
Va. children’s hospitals get kudos in national rankings
Eight children’s hospitals in Virginia received recognition Tuesday in the U.S. News & World Report annual rankings of the top pediatric facilities in the nation, regions and states. First in the state and seventh in the mid-Atlantic region is the University of Virginia Children’s Hospital, which was ranked natio[...]
Richmond City Council approves casino referendum, which heads next to voters
Richmond City Council on Monday voted 8-1 for a casino referendum to appear on the city’s Nov. 2 ballot. If passed by city voters, the proposed $600 million ONE Casino + Resort would be the only casino under Black ownership in the country. Urban One Inc., which owns and operates 55 radio stations and the […]
Whitt Clement to become U.Va. rector on July 1
Former Virginia Secretary of Transportation Whitt Clement will start his two-year term as rector for the University of Virginia on July 1. Clement is a longtime former state delegate who is now a special counsel and former partner for the Richmond-based law firm Hunton Andrews Kurth. He will succeed U.Va.’s current rector,[...]
Henrico-based medical office sells for $32.5M
Brookfields Commons, a Henrico County medical office property, has sold for $32.5 million, Cushman & Wakefield | Thalhimer announced last week. Nashville-based Montecito Medical acquired the 90,598-square-foot Class A property on June 11 from an entity managed by Stanley Shield Partnership, which was represented by Thalhimer[...]
$11.7M RRHA redevelopment contract awarded to Breeden
Breeden Construction has been awarded a $11.7 million contract to redevelop several Richmond Redevelopment and Housing Authority neighborhoods, with construction starting in late June. The Richmond-based general contractor will perform work on Afton Avenue Apartments, Bainbridge Apartments and Fulton Apartments, with Michaels Development and RRHA as developers. The renovation project includes 123 apartment units, Breeden […][...]
