Locust Grove
Locust Grove, VA · Real Estate
Axios
Richmond's Diamond District breaks ground on first apartments
The Diamond District developers recently shared some time-lapse photos of the highly anticipated development site over the years. Why it matters: The development portion of the Diamond District will hit a key milestone this week, so the site should look drastically different a year from now. State of play: Project...
The US Sun
Beloved US church with decades of history demolished to make way for 32,000-square-foot $17million new office block
A BELOVED church building with decades of history is set to be torn down after developers unveiled plans for a multi-million-dollar replacement. The long-standing place of worship will make way for a huge new office block as part of a major expansion project expected to cost $17million. The former Church...
Hotel Interactive Network
Commonwealth names Ken Strickler president and CEO
RICHMOND, Va. — Commonwealth has named Ken Strickler president and CEO following the retirement of company founder and former CEO Mark Claud. Strickler assumed the role in June after serving as the commercial real estate company’s president since 2016. He joined Commonwealth, formerly known as Commonwealth Commercial Partners,...
hoodline.com
Leaning Farmville Church Tower Crumbles, Triggers Two-Block Gas Scare
On Tuesday evening in Farmville, a brick church sanctuary partially gave way, sending chunks of masonry into the street, tilting its bell tower at a precarious angle, and forcing officials to evacuate people within a two-block radius over fears of a gas leak. The unoccupied building’s middle section suddenly crumbled,...
Axios Richmond
Richmond's potato building gets the love it deserves
Richmond's baked potato-inspired office building is finally getting the love it deserves, thanks to a roving architecture-loving content creator. Why it matters: Once maligned as one of the "10 ugliest buildings in the world ," The Markel Building is a local treasure and now at least one influencer seems to agree. Driving the news: D.C.-based real estate agent Joe Himali — who, in his downtime, travels the country highlighting architectural gems — recently made a stop in Richmond. He shared, for his 200,000+ followers, the circa 1965 Markel Building and the story behind the office complex designed for its namesake. The story, as Richmonders know, is that Markel commissioned local architect (and VCU professor) Haigh Jamgochian in 1962 to design their new HQ Jamgochian took inspiration from a foil-wrapped baked potato (for real) he ate at a American Institute of Architect's dinner that year — and a Richmond landmark was born. Zoom in: Among the fun facts about the building Himali shared: The exterior of each floor is a single piece of 555-foot aluminum — making it the longest piece of unbroken aluminum ever used for siding. Jamgochian sledge-hammered the dents into the top level and contractors did the other
vpm.org
Richmond housing advocates put forth anti-displacement agenda
Fearing that more Richmonders will be priced out of the city, a coalition of 23 housing nonprofits is urging officials to take immediate steps to reduce displacement. Homes for All Our Neighbors, a pro-zoning code overhaul coalition, held a press conference Monday at the Richmond Public Library's Main Branch where members laid out a four-part anti-displacement platform.
Axios
Richmond group pushes plan to prevent resident displacement
Pro Code Refresh group Homes for All Our Neighbors is calling on City Hall to adopt new measures to help current Richmond residents stay in the city amid rising housing costs and a growing population. Why it matters: The group says its proposals for targeted "displacement mitigation" can help locals...
WAVY News 10
Busch Gardens owes nearly $22M in taxes James City County says
WILLIAMSBURG, Va. (WAVY) — The park often dubbed “The World’s Most Beautiful Theme Park” currently does not have the world’s most beautiful tax bill. Busch Gardens Williamsburg owes James City County nearly $22 million in back taxes according to public records. But it’s not because of years of delinquency. Rather, it’s the latest twist in […]
yieldpro.com
Capital Square Fully Subscribes Richmond Active-Adult DST Offering
Capital Square, a leading sponsor of tax-advantaged real estate investments and a national developer and manager of housing communities, has fully subscribed CS1031 Richmond Active Living Apartments, DST, a Regulation D private placement offering that raised equity from 108 investors. The Delaware statutory trust holds a 165-unit, Class A, age-restricted multifamily community in the Short Pump suburb of Richmond, Virginia, near Capital Square’s headquarters.