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Buc-ee’s to open in New Kent by 2025
It’s official. Buc-ee’s, the Texas-size travel center chain, completed its purchase of property in New Kent County and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. said in a news release. A groundbreaking date for the New Kent site has n[...]
Carpenter acquires Belgian foams biz for $468M
Richmond-based Carpenter Co. has completed its acquisition of Belgium-based Recticel’s engineered foams division for $468 million, a deal that makes makes Carpenter the world’s largest vertically integrated manufacturer of polyurethane foams and specialty polymer products, the company announced Wednesday. Founded in 1950, Carpenter is a manufacturer and supplier of foam, fiber and chemicals used in “comfort […][...]
Richmond ad agency Yebo announces closure after 35 years
Formerly known as the Barber Martin Agency, Richmond-based Yebo has announced its closure after 35 years. The firm changed its name to Yebo, pronounced “Yay-bow,” in early 2020 to better reflect the firm’s mission. The name means “yes” in the Zulu language of Southern African, which includes Zimbabwe, birth nation of Yebo President and CEO […]
Richmond region launches state’s first tourism district
Virginia’s first tourism improvement district received approval this week and can begin collecting funds from Richmond-region travelers to fund tourism marketing efforts beginning July 1. Following Richmond City Council’s approval vote this week, the new tourism improvement district, or TID, received the necessary support to move forward. Designated areas that raise funds for tourism marketing […][...]
Amazon HQ2 opens to high expectations
Let the tech wizardry begin: Amazon.com Inc. held the grand opening and ribbon cutting for the first phase of HQ2, the ecommerce goliath’s $2.5 billion East Coast headquarters in Arlington County, on Thursday. Dignitaries in attendance included Gov. Glenn Youngkin, Arlington County Board Chair Christian Dorsey, JBG Smith P[...]
United Way of South Hampton Roads names new leader
Mark Uren will be the new president and CEO of the United Way of South Hampton Roads, the organization announced Tuesday. He starts in the role on July 17. Michele Anderson, the regional United Way’s previous CEO, left the organization in January. Kristel Fitzgerald, chief operating officer, and Kelsey Mohring, chief marke[...]
Richmond riverfront amphitheater gets green light
Red Light Ventures LLC’s $30 million, 7,500-person riverfront amphitheater received a green light Monday from Richmond City Council, which approved a performance grant that paves the way for construction of the proposed music and performance venue to start as soon as this summer. With plans to host up to 35 major acts annu[...]
Richmond City Council passes casino legislation — again
Richmond City Council on Monday selected RVA Entertainment Holdings LLC — a joint venture between Urban One Inc. and Churchill Downs Inc. — as the city’s preferred casino operator, one of several administrative steps the city must take before a mulligan casino referendum lands on ballots in November, asking voters to r[...]
NoVa housing forecast: sellers’ market to continue
Northern Virginia’s housing market will likely remain a sellers’ market for the rest of 2023, according to a Northern Virginia Association of Realtors market forecast released June 6. NVAR and George Mason University’s Center for Regional Analysis predict a continuing housing inventory shortage and pent-up demand from buyers amid positive economic conditions but mounting risks. […][...]
Truist grants $500k to aid Richmond Community Wealth Building office
Truist Foundation announced it has made a $500,000 grant that will ultimately help Richmond’s Office of Community Wealth Building provide further financial, education and employment coaching to city families, the philanthropic arm of Truist Financial Corp. announced in a press conference Friday. “At Truist, our purpose [...]
Regent University founder Pat Robertson dies at 93
Christian Broadcasting Network founder M.G. “Pat” Robertson, a one-time GOP presidential hopeful and also chancellor, founder and CEO of Regent University in Virginia Beach, died Thursday at age 93, Regent and CBN announced. “We are deeply saddened by the loss of our beloved founder,” Regent University Executive [...]
Arko closes Uncle’s convenience stores deal
Arko Corp., a Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC, has closed on its acquisition of Texas-based WTG Fuels Holdings LLC, the owner of Uncle’s convenience stores and Gascard fleet fueling operations. It’s Arko’s 24th acquisition since 2013. The deal was[...]
