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BizSense Beat: May 26, 2023

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Here’s a recap of the top stories for the week of May 26, 2023:

Riverfront amphitheater moving forward after deal reached with city
Reported by Richmond Bizsense’s Jonathan Spiers

Richmond’s version of Red Rocks is ready to rock on.

The group behind the proposed Richmond Amphitheater announced Monday it has worked out a performance grant agreement with the City of Richmond to make the downtown riverfront venue a reality in time for the 2025 outdoor concert season.

VCU adds BookHolders building to its real estate collection with $3M deal
Reported by Richmond Bizsense’s Mike Platania

As its health system juggles the fallout from a failed downtown development deal, VCU’s real estate division remains in deal-making mode with a new acquisition around its Monroe Park campus.

The VCU Real Estate Foundation last week purchased 720 W. Grace St. for $3.5 million.

The 0.3-acre lot includes a 6,600-square-foot building that’s been occupied by BookHolders bookstore since 2010, and a roughly 26-spot surface lot facing North Laurel Street.

Game on in Henrico: County marks start of Regency pickleball venue, lands A-10 women’s basketball tourney at VCC
Reported by Richmond Bizsense’s Jonathan Spiers

A double play of sorts for Henrico recreation and sports tourism played out over the course of four hours Tuesday.

Soon after county officials celebrated the start of construction for an 18-court pickleball venue at Regency, Henrico announced a big win for its upcoming sports and events center at Virginia Center Commons: a two-year booking to host the Atlantic 10 Women’s Basketball Championship in March 2024 and 2025.

Brazilian steakhouse chain to reheat long-vacant former Kona Grill spot in Short Pump
Reported by Richmond Bizsense’s Mike Platania

Left vacant for nearly four years, a restaurant building in Short Pump is set to be revived with a new-to-market tenant.

Brazilian steakhouse chain Fogo de Chão is preparing to open at 11221 W. Broad St. in West Broad Village. It’s taking over a space that has sat dormant since the closure of Kona Grill in 2019.

Founded in the late 1970s, Fogo de Chão serves dishes such as wagyu ancho steak, wagyu New York strip steak and filet mignon, as well as seafood, poultry and pork dishes.

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