Virginia Beach-based Breeden Construction LLC has been named general contractor for apartment complexes in Richmond, Hampton Roads and Northern Virginia valued at a total of approximately $105 million, Breeden announced this week. Construction began in fall 2019 on the Hampton Roads and Richmond properties and the Northern Virginia property will begin in early 2020. The
More than 150 area households have indicated interest.
Richmond-based Eagle Construction of Virginia is partnering with Midtown Redevelopment Partners in Blacksburg to build single-family townhomes at the site of what was formerly Blacksburg Middle School, Eagle announced Wednesday. The mixed-use community will be built on 30 acres adjacent to Blacksburg’s downtown area, but an overall cost for the project has not been released.
The 31-unit apartment property was 94% leased at time of sale.
Richmond real estate developer Lynx Ventures sold Market Villas, a 31-unit adaptive reuse apartment property, to real estate asset management firm CJehn Partners LLC for more than $3.9 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The property located in downtown Richmond’s historic Shockoe Bottom neighborhood includes first-floor retail space in close
The 383,628-square-foot speculative building is scheduled for completion in 2021.
Construction is beginning on a 25-story speculative office tower in Tysons. The 383,628-square-foot building, to be called Tysons Central, is being developed by the Potomac, Maryland, real estate investment firm Foulger-Pratt and San Antonio-based USAA Real Estate. Completion of the $200 million building is expected in 2021. It will be located near the Greensboro Metro
Tenants include PetCo, Starbucks and Chipotle
Bermuda Square shopping center in Chester has been sold for $18.6 million, according to Cushman & Wakefield | Thalhimer’s Capital Markets Group. Nashville-based Bermuda Square Venture LLC acquired the 84,064-square-foot property, its first investment in the Richmond market, on Nov. 26 from Giant Food Stores, the parent company of Martin’s grocery stores, according to Catharine
A private investor purchased a 4,210-square-foot property in Henrico County occupied by a Jiffy Lube for $2.2 million in late November, according Cushman & Wakefield | Thalhimer. The automotive maintenance and servicing shop will continue to operate on the property at 5710 W. Broad St. James Ashby IV of Cushman & Wakefield | Thalhimer handled
Tenants include Conte’s Bike Shops and Hospital Warehouse.
Brother of current president is tapped as next president.
Previous tenant was a Verizon Wireless store.
But short-term outlook remains positive in September CCI report.