Richmond
Armada Hoffler To Buy Dimmock Square Retail Center in Colonial Heights
By Adrian Maties, Associate Editor Armada Hoffler Properties Inc. is looking to add another retail power center to its portfolio. On Monday, Aug. 4, the diversified Virginia Beach-based company announced that it is under contract to buy Dimmock Square Shopping Center in Colonial Heights. The deal is expected to close in the third quarter. Armada […]
StyleCraft Plans 95-Home Neighborhood in Richmond
StyleCraft Homes is planning to build a new neighborhood in Richmond. The home builder announced on Friday, July 25, it will start work in the following months on a new community of villa style homes at Huguenot and Old Gun Roads.
Franklin Johnston’s Luxury M-F Project in Virginia Beach Takes Big Step Forward
Virginia Beach City Council has unanimously approved the rezoning of a 16-acre tract of land earlier this month. The site is located in the Princess Anne Commons area and will now be used for the development of a luxury apartment community.
JLL Tapped to Market 870,000 SF International Industrial Center in Virginia Beach
One of the largest high-quality industrial complex in the Mid-Atlantic Region is now on the market. Virginia Beach-based STIHL Inc. has recently retained the Hampton Roads office of Jones Lang LaSalle to sell or lease The International Industrial Center (The IIC).
Marketplace at Tech Center in Newport News Hits 70% Pre-Leased Mark
Marketplace at Tech Center is the retail component of the $250 million Tech Center at Oyster Point mixed-use development, in the heart of Newport News. Although work on the project only started this march, the center is already 70% preleased. Divaris Real Estate, Inc., a Virginia Beach company hired to lease and manage the retail center upon its completion, made the announcement on July 7.
Chinese Company Plans $2B Pulp and Paper Plant in Chesterfield County
The state of Virginia is celebrating its latest economic development win. Shandong Tranlin Paper Co., Ltd., a Chinese pulp and paper company, will invest $2 billion over five years to build its first advanced manufacturing operation in Chesterfield County and create 2,000 new jobs by 2020. Governor Terry McAuliffe announced the project last month. It represents the largest Chinese investment and job creation project in Virginia history, and also the largest Chinese greenfield economic development project in the United States.
Liberty Property Trust Starts $8.3M Distribution Facility at Eastport Business Center
Richmond’s industrial market continues to improve into 2014. As vacancies keep dropping and rents keep rising to new highs, the time is right for speculative development. And Liberty Property Trust is doing just that.
Lingerfelt CommonWealth Buys Richmond Marriott West; Cavalier Hotel Joins National Register of Historic Places
It’s been busy month so far for the Virginia hotel market, with the City of Norfolk and Gold Key | PHR Hotels & Resorts recently starting work on a $126 million hotel/conference center project, and with the opening of the new Hilton Garden Inn Virginia Beach Oceanfront. Now, the spotlight falls on two more Virginia hotels.
Hilton Garden Inn Debuts on Virginia Beach Boardwalk
Virginia Beach is home to a new hotel. With the opening of the Hilton Garden Inn Virginia Beach Oceanfront, Hilton Worldwide has added another property to its growing portfolio of more than 580 hotels throughout the world.
City of Norfolk, Gold Key | PHR Launch $126M Hotel/Conference Center Project
The City of Norfolk and Gold Key | PHR Hotels & Resorts started work last month on a $126 million public/private initiative expected to transform the corner of Main and Granby Streets. Called The Main, the project is scheduled to open in downtown Norfolk in 2017. The new facility will have 380,000 square feet of space and will include a 23-story luxury hotel, called the Hilton Norfolk at The Main, a 50,000-square-foot conference center known as The Exchange at The Main, and three restaurants.