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Danville apartment complex sells for $7.85M
100-unit Turnpike Townhomes is on Franklin Turnpike
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Danville Investors LLC sold the 100-unit Turnpike Townhomes for $7.85 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Turnpike Townhome Apartments LLC purchased the apartments at 1300 Franklin Turnpike, as well as parcels of adjacent vacant land, on June 21. Clay Taylor, a certified commercial investment member, of Cushman & Wakefield |
Commercial truck, van floor manufacturer to build $12.8M plant in Patrick County
Prolam LLC will create 58 jobs at new facility
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Prolam LLC, a Canadian manufacturer of hardwood floors for commercial trucks and dry van trailers, will invest $12.8 million to establish its first U.S. manufacturing plant at the former Ten Oaks satellite facility in Patrick County, creating 58 jobs, Virginia Gov. Ralph Northam announced Wednesday. The facility will increase Prolam’s manufacturing capacity by 50%, and
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Pittsylvania officials hope to spur brownfields development
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Pittsylvania County’s growth trajectory received an added boost in May when the U.S. Environmental Protection Agency awarded the county a $600,000 grant to conduct environmental due diligence on 18 brownfield sites in the county. Five of the sites are considered high priorities. They include the former Southside Manufacturing mill site in Blairs; Pat’s Place in
UK manufacturer to build $6.4M facility in Danville
MEP Ltd. will locate new U.S. operation at Danville-Pittsylvania Cyber Park
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MEP Ltd., a manufacturer of complex plastic and metal components for the aerospace and defense sectors, will invest $6.4 million to establish its first U.S. operation in Danville, creating 45 jobs, Virginia Gov. Ralph Northam announced Monday. The company, which will operate in the U.S. as Making Everything Possible LLC, will locate in the Cyber
Global manufacturer to move U.S. HQ to Danville/Pittsylvania area
Walraven Inc. will invest $7.15M and create 46 jobs with relocation
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Walraven Inc. will invest $7.15 million to relocate its U.S. headquarters and manufacturing operation from Cadillac, Michigan, to the Danville-Pittsylvania County area, creating 46 jobs, Virginia Gov. Ralph Northam announced Thursday. A manufacturer of installation systems such as pipe hangers and in-wall solutions for plumbing and mechanical applications, Walraven will move into the Cane Creek
Martinsville moves forward on reversion
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Exactly when it happens remains up in the air, but the city of Martinsville is set on downsizing to town status. It’s been about a year and a half since Martinsville City Council set in motion the complicated process of dropping the locality’s status as one of Virginia’s 38 independent cities and morphing it into
Danville’s White Mill to be redeveloped into mixed-use project
First phase will see $62.5M investment, with apartments and commercial space
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Danville’s Industrial Development Authority and The Alexander Co. are teaming up to redevelop the city’s White Mill on the Dan River as a mixed-use commercial and residential project, with $62.5 million invested in the first phase, city officials announced Monday. Local officials have long been seeking developers for the site. Interest in the building, which
The Lester Group names new executive
Kevin Silveira will oversee building supply group, Fortress Door
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The Lester Group has tapped Kevin Silveira to lead its building supply group and Fredericksburg-based Fortress Door Co., the Martinsville-based real estate and building materials company announced May 6. Silveira leaves a 19-year career at National Lumber Co., where he started as account manager and most recently served as vice president of sales. As vice
Danville renders unto Caesars new zoning rules
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Danville officials plan to create a new zoning district for the Caesars Virginia casino and resort, an option likely to speed up construction. Designated as an industrial manufacturing zone, the site in Danville’s Schoolfield neighborhood is governed by preexisting land-use rules that could lead to delays in building the $400 million resort, which is scheduled
Danville chamber announces winners of first pitch competition
Four businesses awarded a total of $50k to open or expand
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On Monday, the Danville Pittsylvania County Chamber of Commerce announced it had awarded four businesses a total of $50,000 in order to open or expand in Danville and Pittsylvania County as part of the chamber’s new entrepreneurship competition. Called Rev Up Danville Pittsylvania, the entrepreneurship pitch competition was based on the River District Association’s Dream