Developers propose $450M mixed-use development near Henrico-Richmond line henricocitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from henricocitizen.com Daily Mail and Mail on Sunday newspapers.
Only a few years after cutting the ribbon on a brand new, 150,000-square-foot headquarters in the West End, the local insurer is already running out of space.
Ukrop s-anchored complex planned for massive mixed-use development richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.
Construction firm Katerra’s bankruptcy filing won’t stall apartment projects
Photos by Jonathan Spiers)
Two apartment developments on opposite sides of the river will remain active and on schedule despite their general contractor’s recent bankruptcy filing, the developer behind those projects said this week.
Tennessee-based Bristol Development Group said it is continuing on with its Artistry at Winterfield and Tapestry West apartments amid the Chapter 11 filing from Katerra, the construction company it enlisted for both Richmond-area projects.
California-based Katerra made the filing Sunday after it was unable to procure bonding for projects following the insolvency proceedings of former lender Greensill Capital, according to media reports. A statement on Katerra’s website also attributed the filing to industry impacts from the pandemic and unsuccessful attempts to secure additional capital.