Richmond BizSense

Richmond BizSense stands out as the top destination for business news and insights in the River City. Each weekday, we deliver four to six fresh articles and offer consistent updates on local foreclosures, business licenses, building permits, legal matters, and more.

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Downtime: Retired docs make coast-to-coast bike ride for Sportable

6 days ago | richmondbizsense.com | Jonathan Spiers

Continuing what’s become a sort of annual tradition for Richmond nonprofit Sportable, a group that includes two local retired physicians is entering the final stretch of a cross-country bike ride to raise money for the adaptive sports club.
Mystery buyer pays $9M for 143 acres on River Road in Henrico

6 days ago | richmondbizsense.com | Jonathan Spiers

A 143-acre tract along Henrico’s River Road corridor fetched one of the largest purchase prices seen in years for residential real estate in metro Richmond. The river-fronting property at 8703 River Road, immediately east of the Roslyn Retreat Center, sold April 10 for $9 million, according to a deed recorded in Henrico Circuit Court.
Owners of Jake's Place in Ashland expanding to Richmond with spot near The Diamond

6 days ago | richmondbizsense.com | Mike Platania

The owners of an Ashland barbecue joint are bringing their brisket south to Richmond. Wendy and John Yohman are preparing to open Jake’s Bullpen at 3312 N. Arthur Ashe Blvd. The new spot will be a satellite location for Jake’s Place Restaurant & Market, which the Yohmans have run at 511 Thompson St. in Ashland for over a decade.
Locally based Atlantic Constructors acquired by Texas-based conglomerate

1 week ago | richmondbizsense.com | Mike Platania

A local contracting company is now owned by an industry giant out of the Lone Star State. Chesterfield-based Atlantic Constructors Inc. was acquired last week by Houston-based construction conglomerate TriplePoint MEP for an undisclosed amount. ACI is a construction contractor that provides materials for and installs mechanical, electrical, plumbing and fire protection systems.
Academy Sports + Outdoors to open Chesterfield store next month

1 week ago | richmondbizsense.com | Jack Jacobs

A few years after opening its first local store in Short Pump, Academy Sports + Outdoors is about to add a location in Chesterfield. The sporting goods retail chain is planning to open a new 63,000-square-foot store at Pocono Crossing shopping center next month, according to a company spokeswoman. The new space is at 10400 Midlothian Turnpike and was formerly occupied by a Burlington store.
Chesterfield apartment complex The Bend at 4800 sells for $44M

1 week ago | richmondbizsense.com | Mike Platania

A buyer from the Rocky Mountains has used a Chesterfield apartment complex as its entryway into the Richmond market. Tralee Affordable last month purchased The Bend at 4800, a 248-unit lower-income housing development, for $44 million. It’s the first deal in the Richmond area for Colorado-based Tralee, which invests exclusively in affordable housing complexes.
Sound studio Overcoast broadens its borders with downtown expansion

1 week ago | richmondbizsense.com | Jonathan Spiers

Recording studio Overcoast Music + Sound is doubling down on their downtown digs. The studio in the basement of the former Gather building at Main and Fifth streets recently wrapped up an expansion that doubled its square-footage, from over 1,500 to 3,100 square feet. The additional space came available when a neighbor in the building moved out around the time that Overcoast’s lease was up for renewal.
Virginia Housing to build new $15M parking deck across from Allianz Amphitheater

1 week ago | richmondbizsense.com | Mike Platania

Virginia Housing is looking to provide some extra parking for its employees – and potentially for concertgoers at downtown’s newest music venue. The public-private affordable housing finance agency is planning to build a four-story parking deck near its headquarters at 601 S.
Chesterfield EDA gets Planning Commission support for two new data center projects

1 week ago | richmondbizsense.com | Jack Jacobs

Rezonings to allow a pair of data center projects in western Chesterfield are working their way through the county’s approval process. The Planning Commission on Tuesday voted unanimously to recommend approval of requests by the county’s Economic Development Authority to rezone more than 1,300 acres for two data center campuses, one on a site near Westchester Commons and the other on land that includes part of the western Upper Magnolia Green site near Moseley.
Waukeshaw picks up former Aetna office building in Henrico for $3.8M

1 week ago | richmondbizsense.com | Mike Platania

One of Petersburg’s more prolific developers has taken a bite out of western Henrico. Waukeshaw Development last month purchased the former Aetna office building at 9881 Mayland Drive for $3.8 million, Henrico County records show. In addition to the 43,000-square-foot building, the deal included a 1.6-acre parking lot across the street at 9851 Mayland Drive. The building had been the longtime home for the health insurance giant, which was acquired by CVS Health in 2018 for $69 billion.