My Work | Richmond BizSense
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National developer plans overhaul of income-based apartment complex in South Richmond
Lincoln Avenue Capital is planning a complete renovation of the Chippenham Place Apartments, a 144-unit complex it acquired earlier this summer for $18.1 million.
BizSense / 08.29.23
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Local indoor farming startup among finalists for piece of $500k Verizon climate tech prize
Scott’s Addition-based Babylon Micro-Farms, which sells and leases modular vertical indoor micro-farms to businesses and individuals, is one of 10 finalists for the Verizon Climate Resiliency Prize.
BizSense / 08.22.23
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Local swag maker Brandito lands private equity deal, eyes acquisitions
“We’re in an industry that isn’t necessarily sexy, but it should be fun. It should have some sophistication that comes with it,” said founder and CEO Michael Lovern.
BizSense / 08.21.23
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Midlothian’s Village Marketplace Shopping Center sells for nearly $20M
The deal for the Food Lion-anchored center encompasses over 135,000 square feet across about 15 acres in the 13100 block of Midlothian Turnpike.
BizSense / 08.18.23
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Stone Brewing doubling Richmond production capacity ahead of Sapporo beer launch
The brewer’s East End facility is getting $40 million in upgrades as it prepares to become the hub for its new international parent company’s U.S. manufacturing base.
BizSense / 08.18.23
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New RRHA homeownership initiative aims to get Richmonders out of public housing
“Public housing was never intended for folks to live in it generation after generation and generation … You have people with that mindset, and in part they have that mindset because there’s no hope,” said RRHA CEO Steven Nesmith.
BizSense / 08.17.23
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Pet store slides into former 68 Home spot in the Arts District
The new store’s name, Dog House Cat, is inspired by the “Jeopardy!” before-and-after category, owner Ashley Smiley said.
BizSense / 08.17.23
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Richmond region lands 32 on Inc. 5000 list, down from 38 last year
The top Richmond-area firm clocked in at No. 244 nationally, boasting a three-year revenue growth rate of 2,285 percent.
BizSense / 08.16.23
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Uptown Neon looks to add some extra glow under new ownership
“I definitely feel like it’s a mix of mad scientist meets the creative genius that Doug was,” said Chloe Kottwitz, who recently took over ownership of the neon sign shop from longtime owner Doug Solyan.
BizSense / 08.14.23
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Shockoe Bottom storefront swaps beignets for oatmeal cream pies
“You have a lot of places that have an oatmeal cream pie, but this is kind of the first of its kind, where it’s about oatmeal cream pies and it’s about elevating those specifically.”
BizSense / 08.11.23
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A car-free Carytown? City proposal has business owners on the fence
While the idea to make the retail corridor a pedestrian-only thoroughfare has been floated casually for years, it has gained some traction of late through an ongoing online survey conducted by the city.
BizSense / 08.09.23
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Community groups raise back thousands of dollars lost in Enrichmond collapse
Many groups have dug up various means to survive – some underwent the process of becoming a nonprofit on their own, while others found a new fiscal sponsor or obtained donations from the community to keep them afloat.
BizSense / 08.07.23
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Chase Bank nears goal of 12 local branches with plans for new spot on Iron Bridge Road
“We’re not stopping because the community has been reaching out to us … they want branches,” Chase regional head Tom Ing said. “Our real estate team is working tirelessly.”
BizSense / 08.07.23
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New restaurant Lyra’s Natural Kitchen opening at Stony Point Fashion Park
The restaurant started as a catering business about a year and a half ago, when owner Ida Hite left her job in healthcare.
BizSense / 08.02.23
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Sky-high strawberries: Groundbreaking in Chesterfield paves way for $300M vertical indoor farming facility
The campus will be developed in phases on 120 acres in the Meadowville Technology Park. The first phase will be a 100,000-square-foot vertical farm that’ll be used to grow Driscoll’s strawberries.
BizSense / 08.01.23
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Construction to start on $95M, three-story middle school near Moseley
A groundbreaking ceremony planned for Aug. 9 will mark the start of construction on what’s tentatively referred to as the West Area Middle School in Chesterfield’s Upper Magnolia Green area.
BizSense / 07.25.23
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New cornhole lounge bags a spot in Short Pump
A local CPA is opening the cornhole-focused venue this fall in a 10,000-square-foot space in West Broad Village.
BizSense / 07.25.23
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IT company expands local footprint with acquisition of data management firm
Virginia Beach-based Marathon Consulting acquired Henrico-based SQL Data Partners In a deal that sparked last fall and finalized in May.
BizSense / 07.24.23
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Confections chain Kilwins planning second area store
The sweets shop’s location looks to be part of The Lake, a massive mixed-use development in the works in Chesterfield.
BizSense / 07.21.23
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Coworking space for lobbyists opening in James Center
“[Lobbying is] one big dysfunctional family, and you kind of want to be around those people and the people that understand,” said Cindy DiFranco, who with Angie Bezik is opening the Capitol Caucus space at One James Center.
BizSense / 07.19.23
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Richmond developer buys into beach town boom in Cape Charles
A local developer is further expanding his footprint in the Eastern Shore town, the latest in a line of Richmond business people dipping their toes into that part of the Chesapeake Bay.
BizSense / 07.17.23
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Charleys cheesesteak chain to open new Henrico franchise near Innsbrook
The new location, which would be the chain’s third in the region, is owned by the same franchise owner as the Charleys near VCU.
BizSense / 07.17.23
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West End saltwater aquarium shop spills into Hanover
“Instead of expanding on the retail side of things, because retail prices for rent are just kind of absurdly expensive, we decided to look into a warehouse space,” said Reefology RVA owner Caleb Kilgore said.
BizSense / 07.12.23
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New Henrico location to join fleet of future local Royal Farms stores
Not to be outdone by the ongoing Richmond-area expansions of competitors Wawa and Sheetz, Royal Farms has found the site for its next local store.
BizSense / 07.11.23
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New bakery Honey Baked Bee in the works in Church Hill
The bakery, which will have a gothic theme, is taking over the former Anthony’s on the Hill pizza parlor on East Broad.
BizSense / 07.10.23
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U-Fab owner branches out with new furniture store concept on Patterson
Travis Hamilton’s second act, a furniture store called Curated Furnishings, will open this fall in Goochland County.
BizSense / 07.07.23
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Joint-smoking cycling group Bike Buds plots its course for growth
“It’s a double entendre. It is about friends, but it’s also about smoking weed,” said Bike Buds co-owner Phil Horne.
BizSense / 07.06.23
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Kapeller Violins closing its doors at end of July after 45 years
The family-run business on Forest Hill Avenue, which sells, rents and repairs violins, cellos, violas and other string instruments, will be closing its doors at the end of July.
BizSense / 06.29.23
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Baked potato food truck owners downshift with new Midlothian tea room
After five years of running their Southern Spud food truck, wife-and-husband team Shena-Rae and Al Schramm are ready to go brick-and-mortar, but it won’t be with their usual baked potatoes.
BizSense / 06.28.23
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Carytown Burgers & Fries searches for new owner
“Hopefully, somebody from Richmond or the surrounding areas is able to come in and keep it Carytown Burgers & Fries and continue the legacy that we’ve created,” owner Mike Barber said.
BizSense / 06.26.23
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New airsoft arena aims for July opening in Shockoe
After the death of the owner of one of the region’s only dedicated airsoft venues, Alicia Clift decided to open her own facility to give enthusiasts a new place to play the sport.
BizSense / 07.22.23
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Restaurant and saloon Great American Ranch lassoes new spot in Mechanicsville
Great American Ranch, the local country-style restaurant and self-described saloon, has expanded beyond its original homestead in Midlothian.
BizSense / 06.21.23
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Manchester distillery taps into crowdfunding for latest capital raise
After raising more than $10 million from investors since its inception in 2013, Belle Isle Moonshine is attempting to raise the bar with a fundraising tactic it’s never tried before.
BizSense / 06.20.23
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New flower shop sprouts in former Arts District ice cream shop
It marks the first brick-and-mortar store for Field Floral owner Lee Matalone, who started her business about two years ago out of her then-home in New Orleans.
BizSense / 06.14.23
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Two local staffing firms join forces in ‘really good marriage’
Following its acquisition of Community Staffing, Adapt Staffing places around 400 workers a year at local manufacturers and call centers.
BizSense / 06.12.23
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Years in the making, Hidden Wit farm brewery to open in Moseley this summer
“It’s been nerve-wracking to say the least, but you know, if it was easy anybody could do it,” co-owner Butch Taylor said of the six-year process to open the brewery. “We’re building something that we want to be proud of and the community to be proud of … I get choked up just thinking about it.”
BizSense / 06.08.23
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Local startup Naborforce moves HQ from the Fan to Scott’s Addition in step toward continued growth
The company, which offers a Uber-like service connecting elderly people with contractors who can provide household assistance and companionship, is tripling the size of its headquarters.
BizSense / 06.07.23
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Local car wash chain goes whole hog into first private equity-backed acquisition
“When we got in the car wash business six years ago, it was about getting a good location,” the seller said. “Today, it’s about having the right number of locations, plural.”
BizSense / 03.03.23
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Local car wash chain strikes private equity deal to fuel expansion plans
“If you ever watch ‘Shark Tank,’ you’ll hear Kevin O’Leary talk about, he likes to find companies that are already on fire and just throw more gas on them and watch them explode,” Jamie Nester said. “So that’s kind of what Garnett’s expecting to happen with us.”
BizSense / 01.24.23