Commonwealth Commercial Partners, LLC is proud to announce that we’ve been named to the 2023 Top Workplaces list by Richmond Times-Dispatch. We’re thrilled to have been included and thankful to our employees who made this happen!
Read more at: http://bit.ly/NTW13
Posted on 7/12/2021 by Colbi Edmonds at Richmond Times-Dispatch
A 300-unit apartment complex along with retail space is planned for North Arthur Ashe Boulevard on land where Buz and Ned’s Real Barbecue and other businesses are now.
Level 2 Development and SJG Properties, two development companies based in Washington, have acquired five parcels totaling 3.3 acres for the planned $80 million mixed-use project, the companies announced Monday.
The project would be one of the largest apartment complexes in the Scott’s Addition area.
“Even though we’re Washington developers … we love Richmond, Virginia,” said David Franco, principal and co-founder of Level 2 Development. “We’re very familiar; we’re very excited. There’s a lot of growth opportunity in Richmond. We’ve seen businesses coming to Richmond and population growth in the area. So we’re really excited about the prospect of working in Richmond.”
Posted on 7/18/2021 by Richmond Times-Dispatch
Residential boom is about to hit the Innsbrook office park in Henrico as developers plan for thousands of new apartments.
Innsbrook Corporate Center has been known for decades as a large office park in western Henrico County, but now it is being transformed into a place where you also can live.
Several projects from different developers are expected to bring more than 3,000 apartments and town homes over the next 10 years or so, transitioning Innsbrook from mostly an office park to a place where people can work, live and play.
Posted on 6/25/2021 by John Reid Blackwell at Richmond.com
One of the epicenters of the Richmond region’s craft brewing renaissance is starting to undergo a transformation.
Over roughly the next year or so, new apartments and condos will rise in the blocks surrounding Hardywood Park Craft Brewery’s location on Ownby Lane in Richmond, bringing more than 250 residential units to what is now mainly an industrial and office area.
“We are trying to create a community there with Hardywood in the middle,” said Andrew Basham, a principal with Spy Rock Real Estate Group, the Richmond-based company that is developing the project.
With Hardywood at the center and two other breweries — Castleburg Brewery and Main Line Brewery — within walking distance, Spy Rock is calling the development Brewer’s Row.
The new residential development comes as Hardywood itself has undergone a transformation at its Ownby Lane brewery and taproom.
Gone is the original Hardywood building at 2408 Ownby Lane, a former warehouse where brewery founders Eric McKay and Patrick Murtaugh brewed their first small batches of beer in 2011. That building has been torn down and the bare lot is now surrounded by fencing as construction is set to start on one piece of the Spy Rock development, a unit of 36 rental condos.
Immediately adjacent to that lot is a building at 2410 Ownby Lane that Hardywood acquired in 2012.
Posted on 11/21/2020 by Carol Hazard at Richmond Times-Dispatch
Catlin E. “Kit” Tyler Jr. is known in commercial real estate circles as a deal maker — hard working, energetic and focused.
He’s also a mentor, whether it’s helping people in the industry or others in need of an uplifting Christian message.
“He is an inspiration to all who have worked with him over the years, especially the younger pros who were looking for broker best practices on how to conduct themselves and be successful in the business,” said Scott White, a broker with Pollard & Bagby Inc., a residential and commercial brokerage in Richmond.
Posted on 8/21/2020 by Sean Gorman at Richmond Times-Dispatch
A developer has bought 13 acres on Iron Bridge Road in Chesterfield County with plans to build 230 apartments.
Waverton Development Inc. bought the land at 6767 Iron Bridge Road for $4.025 million, according to Commonwealth Commercial Partners LLC, which represented the seller . The sale was completed Thursday.
Construction is underway on the apartment complex, a clubhouse and a pool. The first residents are expected to move in during the second quarter of 2021, Commonwealth Commercial Partners said.
Posted on 11/21/2018 by Gregory Gilligan at Richmond Times-Dispatch
The historic Stewart-Lee House in downtown Richmond, which was home for a short period to the family of Confederate Gen. Robert E. Lee, has been sold.
The Family Foundation, a conservative social action group, bought the Greek Revival town house at 707 E. Franklin St. this month.
The group paid $800,000, according to Henrico County-based commercial real estate brokerage Commonwealth Commercial Partners, which represented the buyer.
The house had been on the market since the beginning of the year.
The Home Builders Association of Virginia, which bought the town house in January 2001 and fully renovated it, was asking $1.2 million.
Posted on 8/7/2018 by Greg Gilligan at Richmond Times-Dispatch
A large part of the planned Watkins Centre mixed-use development in Chesterfield County is on the market.
Watkins Land LLC has retained Henrico County-based Commonwealth Commercial Partners to market the property for sale or parts for possible lease. The entire property could be sold to a single buyer or it could be sold in sections to developers or in parcels to individual users, Commonwealth Commercial said.
Watkins Centre is a 285-acre tract located at the southwest corner of Midlothian Turnpike and state Route 288.
Posted on 4/19/2017 by Carl Hazard on Richmond Times-Dispatch
As values of commercial properties skyrocketed in large cities, investors turned their attention — and dollars — to cities such as Richmond, Charlotte, N.C., Raleigh, N.C., and Nashville, Tenn., according to three panelists who spoke Wednesday at the Eighth Annual Commercial Real Estate Forum hosted by Commonwealth Commercial, a commercial real estate firm in Henrico County.
“Secondary markets are showing great returns on a risk-adjusted basis,” said panelist Ronald Lamontagne, managing director of Partners Group Inc., a Switzerland-based global private markets investment manager.
Small cities such as Richmond offer a low cost of living, which is attractive to companies that want to do business in those cities, said Lamontagne, who works in New York.