Richmond: Economy/Business/Real Estate

[burt]

The United Network for Organ Sharing, a/k/a UNOS, is expanding into a nearby building that has been vacant for nearly two years.

The rather attractive 51,700 s/f Jackson Center across from The Hippodrome on North 2nd Street is only 18 years old. It's a surprise (to me) to learn it hasn't had recent tenants. I thought it had been built by the City in an effort to enhance Jackson Ward and had been occupied by a city governmental bureau.

Anyway, UNOS is out-growing its relatively new headquarters at 4th and Jackson Streets and has purchased Jackson Center. Move-in of about 50 workers could begin in September.

From a recent RTD story:

http://www2.timesdis...ard-ar-1171477/

Edited July 17, 2011 by burt

[burt]

East Cary Street in Richmond is the 34th most expensive street in North America to lease office space.

From Richmond Biz Sense:

http://www.richmondb...-itll-cost-you/

[Steve_]

Its a nice address all right - but its actually the most expensive in one of 40 regions around the country (so its 34th if you only count the most expensive in each region). Its a little vague in the article, one of the comments clarified this point. I'm not sure how they define the region -

[burt]

Officials in Metro Richmond should be very worried about this Metropolitan Employment (August 2011) ranking.

Among 100 Metro areas, Richmond comes in 96th in job loss percentages between August 2010 and August 2011 according to The Business Journal.

That's appalling.

http://www.bizjourna...ype==

[Icetera]

Officials in Metro Richmond should be very worried about this Metropolitan Employment (August 2011) ranking. Among 100 Metro areas, Richmond comes in 96th in job loss percentages between August 2010 and August 2011 according to The Business Journal. That's appalling. http://www.bizjourna...ype==

I am really surprised to see the Metro losing jobs but also realize that Richmond was not affected nearly as much by the recession as most other cities, therefore, we do not need as much of a recovery as others near the top of this list.

[Icetera]

I am really surprised to see the Metro losing jobs but also realize that Richmond was not affected nearly as much by the recession as most other cities, therefore, we do not need as much of a recovery as others near the top of this list.

EDIT: Here is where they acquired their data.

http://www.bls.gov/ro3/cesrich.htm

[burt]

If you've been seeing Norwegian Cruise Line commercials lately, take note that they are produced by The Martin Agency in Richmond. Martin is the agency of record for the cruise line.

From The RTD on 10/11/11:

http://www2.timesdis...rui-ar-1373956/

[burt]

People lined up early at stores in Richmond selling the new IPhones.

From today's RTD:

http://www2.timesdis...day-ar-1383753/

I notice a commenter writes that he hopes the lines move fast so people can get back to their "Occupy Richmond" protests. That's the first mention of local participation I have seen in the Richmond press, although contributor Oaktowntwinz says that he has seen TV newscasts about protesters in Richmond.

[blake_p]

The 3600 Center (W. Broad and I-195) is becoming four floors of apartments and two floors of retail & commercial space.

http://www.richmondbizsense.com/2011/10/28/west-broad-office-building-to-become-apartments/

[burt]

Thursday night, November 3rd The Better Housing Coalition will announce the GOLDEN HAMMER awards at The Hippodrome Theatre.

Take a look at all the properties provided today by John Murden on his Church Hill Peoples News site:

http://chpn.net/news...nnounced_19752/

[burt]

This seems the proper thread for a story about the business Steven Spielberg's film project is generating in Metro Richmond.

From today's RTD:

http://www2.timesdispatch.com/entertainment/news/2011/oct/30/tdmain01-richmond-savors-trickle-down-effect-from--ar-1420867/

[burt]

Site Selection Magazine, a premier publication focusing on economic development, ranks Virginia as fourth best business climate in the US.

Texas is #1;

Georgia #2.

North Caroline #3

Virginia #4

From yesterday's RTD:

http://www2.timesdis...cli-ar-1427913/

[burt]

Robin Miller and Dan Gecker of Urban Design Associates have purchased one of the most attractive ante bellum houses in Shockoe Bottom.

It is The Pace-King house at 205 North 19th Street (between Grace and Broad Streets).

The developers plan to refurbish the house and its dependences into office space and apartments.

From Richmond Biz Sense:

http://www.richmondb...e-ground-floor/

[burt]

14th Street, which in my mind is the dividing line between Shockoe Slip and Shockoe Bottom, seems to me to have been in the news quite a bit of late.

Ledbury, the high-end shirt shop moved recently to the street.

PUNCH, an advertising shop in Carytown will be taking space at 117 South 14th soon.

It's a shame nothing has taken over the old Southern Rail Road building across the street since the deli moved out.

Meanwhile, further east, a firm called Big River is expanding in the Edgeworth Building in Tobacco Row (click the highlighted "changes" at end of the story.)

From Richmond Biz Sense:

http://www.richmondb...is-headed-east/

Edited November 12, 2011 by burt

[Brent]

The concrete median on 14th has also been torn up and is being landscaped.

[burt]

Good Lord -- how did I miss this?

Health Diagnostic Labratories will bring 653 new workers to Richmond's downtown BioTechnical Park in two phases of expansion. 350 are already employed there and in a couple of years the total number is expected to be 950 workers.

This is via Paul Hammond's Greater Jackson Ward News blog:

http://www.gjwn.net/news/2011/11/22/major-new-employer-moves-to-biotech-park/

[burt]

Good Lord -- how did I miss this?

Health Diagnostic Labratories will bring 653 new workers to Richmond's downtown BioTechnical Park in two phases of expansion. 350 are already employed there and in a couple of years the total number is expected to be 950 workers.

This is via Paul Hammond's Greater Jackson Ward News blog:

http://www.gjwn.net/...o-biotech-park/

If you go to Paul's comment #2 under the story, you can click the highlighted "the press release" and read the PDF file issued by the Mayor's office.

[burt]

If you go to Paul's comment #2 under the story, you can click the highlighted "the press release" and read the PDF file issued by the Mayor's office.

I found the RTD news release about Health Diagnostic Lab's expansion plans for the downtown BioTech Park.

Did you jnow that there is an 85' foot height limitation in the area? City officials had to adjust the limit to 100 feet in order for the firm to demolish existing buildings on Jackson between 5th and 6th Streets (also known as Navy Hill Way) and erect two new buildings.

From Will Jones in the Wednesday November 23rd RTD:

http://www2.timesdispatch.com/news/2011/nov/23/tdmain01-health-diagnostic-laboratory-expanding-ar-1488041/

Edited November 26, 2011 by burt

[TBurban]

I found the RTD news release about Health Diagnostic Lab's expansion plans for the downtown BioTech Park.

Did you jnow that there is an 85' foot height limitation in the area? City officials had to adjust the limit to 100 feet in order for the firm to demolish existing buildings on Jackson between 5th and 6th Streets (also known as Navy Hill Way) and erect two new buildings.

From Will Jones in the Wednesday November 23rd RTD:

http://www2.timesdis...ing-ar-1488041/

Great news for Richmond and the Biotech Park. Thanks for posting the link to that story, Burt. I wonder how tall the Phillip Morris Building is? I'd be curious to see how these will stack up next to it. Either way, here are the renderings pulled from the article linked above:

[Icetera]

Great news for Richmond and the Biotech Park. Thanks for posting the link to that story, Burt. I wonder how tall the Phillip Morris Building is? I'd be curious to see how these will stack up next to it. Either way, here are the renderings pulled from the article linked above:

From Emporis:

Height (estimated)

141.18 ft

Floors (above ground)

8

Edited November 28, 2011 by Icetera

[TBurban]

From Emporis:

Height (estimated)

141.18 ft

Floors (above ground)

8

Sweet, thanks!

[burt]

Capital One will add 300 workers and by the end of this year its total workforce in the metro region will exceed 10,000 spread among its West Creek campus in Goochland, Innsbrook in Henrico and even downtown in the Williams Mullen building.

From today's RTD:

http://www2.timesdis...obs-ar-1533782/

[burt]

Chmura Economics & Analytics group originally forcast job growth in the region of 75,000 over the next ten years before taking into account the impact expected from Amazon hirings and effects of the huge Road World Championship cycling race in 2015. They now anticipate higher job growth in the next decade.

From the 01/02/12 edition of the RTD:

http://www2.timesdis...-ta-ar-1580774/

[burt]

Virginia Business dot com reports that Virginia, and especially Richmond, will benefit strongly in tourism from Steven Spielberg's filming of the Lincoln epic in the Commonwealh.

A premier of the film will be held in Richmond.

http://www.virginiab...e-mega-/316342/

[Culpeper Hokie]

I can't understand this Brookings Institute ranking, listing Richmond as the 10th least dynamic metropolitan area in the world. Based on population growth, diversity of industry and building growth, how could it POSSIBLY be ranked lower than MOST of the cities in the Rust Belt? Somebody's gonna need to decipher this thing for me.....

http://www.theatlantic.com/business/archive/2012/01/the-10-fastest-growing-and-fastest-declining-cities-in-the-world/251602/#slide11