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BizSense Beat: April 21, 2023

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BizSense Beat is a weekly collaboration between VPM News and Richmond BizSense that brings you the top business stories during NPR's Morning Edition on Fridays.

Here’s a recap of the top stories for the week of April 21, 2023:

Feed More buys future HQ site, lists Diamond District-area complex for sale
Reported by Richmond BizSense’s Jonathan Spiers

The stage is being set for Feed More’s pending move to Henrico, as the regional food bank recently closed on a seven-figure deal for the site of its future home near St. Joseph’s Villa, while its current complex near The Diamond has officially hit the market.

The local nonprofit paid $1.5 million for the 9-acre site at 8020 Villa Park Drive, where it’s planning a new $40 million facility to replace its current headquarters at 1415 and 1603 Rhoadmiller St.

The Villa Park deal closed April 4, according to Henrico property records, which list the purchase price at over $1.52 million.

Commission to vote today on proposed repeal of city parking requirements
Reported by Richmond BizSense’s Jonathan Spiers

Providing a baseline number of dedicated parking spaces could soon no longer be a requisite for doing business or developing real estate in Richmond.

Two years after City Councilmembers formally requested it, a proposal to do away with zoning rules requiring a minimum amount of parking per a particular use is up for a public hearing and vote by the Planning Commission today (Monday).

A deciding council vote would follow, potentially at its April 24 meeting.

Triple Crossing looking to add 20 townhomes beside its Fulton brewery
Reported by Richmond BizSense’s Jonathan Spiers

When the guys behind Triple Crossing Beer bought the warehouse that’s now their Fulton brewery, they didn’t give much thought to the roughly 2 acres of undeveloped land that came with the site, co-owner Scott Jones said.

Seven years later, he and co-founders Adam Worcester and Jeremy Wirtes are teaming up with a group of local real estate agents to develop that uphill land with 20 modern-design, “chalet-style” townhomes.

You can find these and other local business stories at richmondbizsense.com.

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