Shockoe businesses sue city for $31 million

Time has not healed all wounds.

Within weeks of the five-year anniversary of a flood that ruined dozens of businesses in Shockoe Bottom, several businesses filed a lawsuit against the City of Richmond.

Those proprietors and property owners aren’t blaming Mother Nature for the havoc caused on that rainy August day in 2004, but rather the city for failing to maintain and inspect flood control systems in the Bottom. Read more

Area apartment vacancy rising

Apartment vacancy is at a 22-year high in the U.S., and Richmond is no exception.

One local landlord with rental houses and apartments in the Fan and West End said his tenants are haggling more over price than in the past. Read more

New lease on life for Cold Storage plant

Things are heating up at the old Richmond Cold Storage complex in Shockoe Bottom.

The first of five turn-of-the-century industrial buildings to be turned into apartments is six weeks away from completion and will soon begin leasing. The development is a $50 million project of Historic Housing, the same group that developed 17th Street Lofts and The Lofts at Canal Walk. Read more