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Atlantic Union completes $507M deal to acquire American National Bank
Atlantic Union has 109 branches and keeps its headquarters in downtown Richmond. (BizSense file) The closing of a roughly half-billion-dollar deal has wrapped up the first acquisition in four years for...
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The Pitch: Advertising and marketing news for 4.2.24
Kristen Cavallo The Martin Agency released its latest campaign for underwear brand Hanes, Muse by Clio reports. Called “The Great Softening,” the Western-themed campaign includes a 90-second spot and...
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Housing nonprofit completes 86-unit Cool Lane Commons project
Executive Director Allison Bogdanovic in front of Virginia Supportive Housing’s Cool Lane Commons apartment building, a conversion of the former Seven Hills Health Care Center. (Jonathan Spiers photos)...
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Henrico EDA buys 8 acres near GreenCity site for $2M
The 8.6-acre parcel, shown in blue, is just east of the red-shaded GreenCity site. (Google Maps) A year after it purchased an adjacent athletic center, Henrico’s economic development arm is making...
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Developers mark start of construction for $300M Creighton Court transformation
Thursday’s ceremony was held at the active construction site along Nine Mile Road, where the first 68 units of the project are taking shape. (Jonathan Spiers photos) Despite needing more time than...
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City pitching new financing plan for Diamond District amid state sales tax...
The Diamond District site consists of 67 acres bordered by Arthur Ashe Boulevard, Hermitage Road, the interstate and the railroad tracks. (BizSense file images) Facing a costlier debt market and the...
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‘We have got to get shovels in the ground’: Council plays ball on stadium...
A recent conceptual rendering of the Diamond District along Arthur Ashe Boulevard. (City documents) Administrators’ pitch to change the city’s approach to financing its massive Diamond District...
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Sources: Sledge to step down as Richmond economic development director
Leonard Sledge Richmond’s economic development director for the past five years is on his way out, multiple sources tell BizSense. Leonard Sledge, who has led the economic development department since...
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Newly filed ordinances detail new game plan for Diamond District financing
A recent conceptual rendering of the Diamond District along Arthur Ashe Boulevard. (City documents) More details are coming to light about how Richmond’s new plan to finance the ballpark-anchored...
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Tredegar CEO’s Mooreland Farms deal topped March home sales at $3.5M
The 5,700-square-foot house at 204 S. Mooreland Road was the top sale in March. (Photos courtesy CVRMLS) The priciest home sale in metro Richmond last month turned heads for its per-square-foot sale...
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‘It’s going back home for me’: Leonard Sledge leaving Richmond for Hampton
Leonard Sledge at last year’s Excellence in Economic Development Awards, where nine awards were presented for Richmond-area initiatives. (Photos courtesy Richmond EDA) When Leonard Sledge steps down in...
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60-acre expansion to finish out farm-centric Chickahominy Falls development
Chickahominy Falls has filled out over the years off Route 1 in Hanover just north of the Henrico line. (Images courtesy Cornerstone Homes) Nearly a decade since planting the seeds for the project,...
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Richmond budgeting $3M for Coliseum demo amid stagnant City Center project
The Richmond Coliseum has been shuttered for five years. (BizSense file photos) City administrators are looking to move forward with demolishing the dilapidated Richmond Coliseum with the goal of...
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The Pitch: Advertising and marketing news for 4.16.24
Arts & Letters released its newest commercial for NBA on ESPN’s “The Time is Now” campaign ahead of the upcoming NBA playoffs. The 30-second spot, called “Time to Find Out,” debuted on ESPN...
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City EDA approves $1.5M more for Diamond District ballpark design
The new ballpark would rise just south of The Diamond, between Sports Backers Stadium and the railroad crossing along Arthur Ashe Boulevard. (City documents) Four months after pitching in $1 million to...
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Leadership changes redraw ranks at local architecture firms
Nick Cooper outside the Turning Basin building that’s home to Odell’s Richmond office. (Jonathan Spiers photo) Some notable moves in Richmond’s architecture scene are redrawing the leadership at...
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Downtime: Pairing wine and real estate
Justin Ferguson sipping the wine he was motivated to learn more about from his day job as a commercial real estate broker. (Images courtesy Justin Ferguson) To Justin Ferguson, the best wine pairing...
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Lewis Ginter Botanical Garden growing campus with $31M expansion
A view of the north side of the expanded conservatory, which will overlook a second lake and more than 7 acres of new gardens. (Images courtesy Lewis Ginter Botanical Garden) Two decades after its last...
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City’s social services move to fill up largely empty Times-Dispatch building
The Richmond Times-Dispatch building at 300 E. Franklin St., where the city’s social services department will be moving in. (Image courtesy JLL) A plan to relocate and consolidate Richmond’s Department...
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$2M land deal tees up $20M income-based apartment complex near Forest Hill
A site plan of the 44th Street complex, which would consist of six apartment buildings, a clubhouse and parking. (City documents) An apartment complex for lower-income renters that’s been three years...
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