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Lowe’s warehouse to create 70 jobs in Roanoke County
Cherney Development building $11M warehouse
A new Lowe’s warehouse and distribution center is expected to create 70 jobs in Roanoke County, the $11 million project’s developer announced Monday. Lowe’s Cos. Inc. has hired Roanoke-based Cherney Development, in partnership with North Carolina-based Samet Corp., to build a 60,000-square-foot distribution warehouse and distribution center on an 8.45-acre site in Roanoke County’s Valley
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Construction starts on $100M industrial center in Hanover
East Coast Commerce Center will be more than 1.1 million square feet
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Construction started Dec. 9 on the $100 million, 1.1-million-square-foot East Coast Commerce Center in Hanover County. The speculative industrial project is slated for completion in mid-summer 2022. The 129-acre center will have 120 truck docks, 540 trailer parks, 8-foot floor slabs, a 2:1 parking ratio and more than 35 surplus acres. “We’re very eager for
$55M affordable housing community to be built in Richmond
264-unit project helmed by Massachusetts developer
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Construction is set to start in January 2022 on a new $55 million affordable housing community in Richmond, developer Dakota Partners announced this week, after having purchased a 14.4-acre parcel at 2200 Brady St. on Richmond’s South Side. To be known as Brady Square, the community will include 264 residential units in two buildings constructed
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Amazon provides $21M to create real estate developers of color program
Capital Impact Partners used grant to make Housing Equity Accelerator Fellowship
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Amazon.com Inc. announced Wednesday a $21 million grant to create a professional training, mentorship and capital funding program for real estate developers of color focused on affordable housing. “With this accelerator program, we are laser focused on lifting up emerging real estate developers of color. We want to foster their professional growth through education and
What will Amazon HQ2 look like? Arlington planners weigh in.
PenPlace is back under Arlington review
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Arlington County Planning Division’s Site Plan Review Committee will review the layout and architectural design for PenPlace, the proposed second phase of Amazon.com Inc.’s East Coast headquarters, as well as the proposed public space, in its Monday night meeting. Meeting documents show the proposed layout of the Pentagon City site, which puts the would-be 354-feet
Breeden Construction to build $38.9M apartment complex additions
Second phase of Center West Apartments being constructed
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Virginia Beach-based real estate development firm The Breeden Co.’s general contracting company announced Thursday that it has been contracted to develop the $38.9 million second phase of Center West Apartments in Midlothian, not far from the Westfield Commons Shopping Center. Charlottesville-based Castle Development Partners owns the multifamily project, which was referred to as Watkins Centre
65 acres in Greene County sell for $4.55M
Merrit Greene LLC plans to use the land for mixed-use development
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Sixty-five acres in Ruckersville, in Greene County, sold for $4.55 million, Cushman & Wakefield | Thalhimer announced Monday. Merrit Greene LLC bought the acreage, located at 7070 Seminole Trail, from LAMM Properties LLC for future mixed-use development. John Pritzlaff and Jenny Stoner with Cushman & Wakefield | Thalhimer handled the sale on behalf of the
Developer breaks ground on 20-story apartment building in Arlington
423-unit development is expected to be completed in fall 2023
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Greystar broke ground Wednesday on The Commodore, a 20-story building with 423 apartments in Arlington. Located at 2025 15th St. N. in the Courthouse neighborhood, the building has an expected completion of fall 2023. The ground level will have almost 18,000 square feet of retail space, and the development will have varying apartment sizes, from
Henrico realty co. gains majority ownership of Ga. management company
McCann Realty Partners purchased more of Pegasus Residential
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Henrico County-based property development company McCann Realty Partners LLC now has a controlling interest in Georgia-based property management company Pegasus Residential LLC, the company announced last week. Financial details of the transaction were not disclosed. The two companies have been partners since Pegasus’ founding in 2009, McCann Realty Partners President and Managing Principal Matt Akin
Charleston developer breaks ground on mixed-use building in Richmond
221 apartments to be built in Manchester neighborhood
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Charleston, South Carolina-based real estate development company The Beach Co. announced Tuesday that it had broken ground on a 1.65-acre mixed-use development in Richmond called Tidewater, which has an expected completion of spring 2023. Located in the Manchester neighborhood at 700 Semmes Ave., the six-story development will have about 266,854 square feet of apartments, about