Norfolk Developer Buddy Gadams has put the Union Mission building near City Hall in the city’s downtown area under contract for $4 million. A South Carolina developer, US Development, previously had it under contract for $6 million but couldn’t get the financing together. The building is likely eligible to receive both state and federal historic tax credits. (more…)
A Richmond-area developer is planning a new shopping center off of U.S. Route 17 near the GEICO offices in Fredericksburg. The plan calls for 16,000 square feet of restaurant and retail, according to developer Larry Shaia. The development is situated at the corner of Route 17 and Stafford Lakes Parkway. (more…)
Another day, another $100 million office project in Tysons. American Real Estate Partners announced Monday that it plans on developing a 10-story, $100 million office tower along Westpark Drive and anchoring the Arbor Row development. The 200,000-square-foot development is a joint project with the Association for Manufacturing Technology, which owns the lot.
The City of Virginia Beach is starting from square one when it comes to the former concert hall and convention venue known as the ‘Dome site.’ As we reported back in January, Dallas-based Leisure and Recreation Concepts Inc. had put forth a $180 million proposal to rehabilitate the site into a major entertainment venue. The proposal included a 440,000 square-foot facility that would hold 42 entertainment venues including an ice rink, amusement rides for children, a towering 185-foot-tall Ferris wheel featuring dining gondolas, a 2,500-seat theater reminiscent of Broadway, a bowling alley, and other exciting attractions. (more…)
It’s been years in the making and earlier this month, Richmond Mayor Dwight Jones announced ambitious plans to revitalize and redevelop the historic Shockoe Bottom area of the city. The centerpiece of his plans is a new baseball stadium for the minor league Richmond Flying Squirrels. The stadium, though, is part of a much bigger redevelopment that will transform the current neighborhood, which is prone to crime and scattered with vacant lots and buildings.