Richmond: Economy/Business/Real Estate

[burt]

All Va needs now is for Capital One to buy every bank in Charlotte, then relocate its HQ to downtown Richmond... dream...

Explain to me the difference bewteeen the classes.

Class A space is in newer buildings such as James Center and Riverfront Plaza. Class B iuncludes buildings such as The Mutual, Travelers, Southern States, First & Merchants, CNB and many more older downtown high rises.

[wrldcoupe4]

Simply put: typically Class A is nicer and newer and Class B is not as nice and older. Much of the space along Main St is Class B, while places like James Center and Riverfront Plaza are Class A

Pretty much what I said

[Cadeho]

Ok thanks... any class C or D? Would those be Civil War and Colonial?

[wrldcoupe4]

There is Class C... but it's basically junk

[burt]

Ok thanks... any class C or D? Would those be Civil War and Colonial?

Such building are rarely used for business, and if they are. I don't know what classification they enjoy. Probably "untouchable" if Acorn and conservationists have anything to say about it

[Cadeho]

I'm pretty sure old, old places can be charming as offices. They did have them in the Lee House although that was RHF. I remember Dr. Murrell has his office in the corner house at 1st and Grace. But I guess smaller businesses and practices make those places home best.

[wrldcoupe4]

The Lee House is actually currently home to the Richmond Homebuilders Association.

[burt]

The Lee House is actually currently home to the Richmond Homebuilders Association.

Wouldn't a building have to have a minimum square footage to be among classified (A or B) business structures?

There are a number of old homes that have business occupants. At least three on 5th street and one or two on South 3rd, not to mention many in Jackson and Monroe Wards. When you stop to think of it, Richmond has a plethora of old buildings converted to business use. In fact, when you consider all of them and include The Bottom and Tobacco Row, it's doubtful you'd find many Southern cities, besides Savannah, Charleton and New Orleans, to equal Richmond's conservation efforts. The Northeast is a different situation all together; Philadelphia, Baltimore, Washington, Boston, New York City and lots of other places teem with Revolutionary and Civil War preserved buildings.

Edited January 15, 2007 by burt

[wrldcoupe4]

haha I think it helps that New York and Boston weren't under seige and subesquently burned during the Civil War

[eandslee]

I don't know whether this is good news or not, but here goes:

Charlotte firm to buy Cloverleaf Mall

This place has changed hands way too much. Seems like no one really knows what will happen with Cloverleaf and the land there.

[wrldcoupe4]

Not good news? This is great news! Crosland has been working with Chesterfield on a master plan for the site for about a year. They have some good experience in new urbanism projects. The link I read said that they will submit their formal plan to the county next week, so they must know what they want to do with it. I'm curious as to who the lead tenant is.. which will be named at the meeting next week.

[burt]

Here's an interesting story about grants from the Kresge Foundation:

Well, damn. My cut and past technique didn't work this time.

Anyway, it's a story by Bob Rayner in today's Business section about matching donations to the Meals on Wheels program in Richmond, and to The Visual Arts Center in the old Virginia Dairy Building on West Main near Lombardy.

Hmmmmm. Wonder what I did wrong? It worked this morning on another story.

Edited January 18, 2007 by burt

[urbanvb]

Either your cut didnt work or your paste, I would probably say the cut but it's anyones guess.

[burt]

Either your cut didnt work or your paste, I would probably say the cut but it's anyones guess.

Actually, it's "copy" and paste, isn't it?

[urbanvb]

yes. you can cut or copy.. copy is probably preferable though in this case.

[burt]

Here's a report on Mayor Wilder's State of the City address from today's TD.

The Mayor says that education is the answer. Seven Council Persons were there to listen including the Council President, Mr. Pantele.

http://www.timesdispatch.com/servlet/Satel...s=1045855934842

Edited January 21, 2007 by burt

[Downtowner]

Found this Story on the Richmond Metro Population and the state population along with the sad news of the city still losing people.

http://www.timesdispatch.com/servlet/Satel...d=1149192815914

[Downtowner]

Looks like the city of Richmond is gonna lose the Museum of Confederacy to Lexington VA

http://www.timesdispatch.com/servlet/Satel...d=1149192815336

[burt]

Looks like the city of Richmond is gonna lose the Museum of Confederacy to Lexington VA

http://www.timesdispatch.com/servlet/Satel...d=1149192815336

I fail to understand the resistence to adding the museum's collection to those already in place at Tredegar if they feel it is imperative to move.

Have they investigated placing their artifacts in Virginia Historical Society's newly enlarged Museum?

Lexington is a charming, historic city with an old 1840's court house coming on the market. But it was not the Capital of the Confederacy, for crying out loud!.

[wrldcoupe4]

Joey, it's obviously not a definite that Richmond would lose the MOTC... the organization is simply exploring its options.

[thatguy]

I think the stats that shows Richmond losing residents is over a broader period than recent findings. I was under the impression that the City actually gained last year for the first time. However, over a longer period the gain was not enough to reverse years of decline

[wrldcoupe4]

Thanks for the insight... I'd be curious to see which areas of the city are experiencing decline, because certain areas in particular are experiencing high growth.

[Downtowner]

Guys I thought the same way you all did when I heard about the City.. I could of Sworn it was Gaining people.

[burt]

It's official: Cloverleaf will bite the dust. Crosland of Charlotte has agreed to buy the mall and will raze it by 2008. A new complex called Chippenham Place will contain 200,000 s/f of commercial space and about 500 residential units. Kroger will be an anchor with a new 83,000 s/f store. Opening should be in 2011.

See today's story from the Times Dispatch below. It was compiled by TD writers Meredith Bonny and Greg Gilligan.

http://www.timesdispatch.com/servlet/Satel...mesdispatch.com

Edited January 25, 2007 by burt

[CommRE]

I wouldn't be too concerned about the stats showing Richmond City shrinking. A lot of these estimates don't take into account actual growth, just extrapolation of trends.