Here’s a recap of the top stories for the week of June 6, 2025:
Plans for new retail hub in Innsbrook approved by Henrico County
Reported by Jonathan Spiers
A mixed-used development dubbed the North End at Innsbrook, is step closer to development. Last week, planning officials approved plans for the 22-acre project at Nuckols Road and Interstate 295.
Planning documents show the site would establish a new, “retail village,” with a mix of retailers, office buildings and multifamily developments.
The development plans were submitted a year ago by Northland, a Massachusetts-based firm that bought the site in 2022.
Richmond business ranks out of Fortune 500 company rankings
Reported by Michael Schwartz
Fortune Magazine published its annual rankings of corporate revenue Monday. This year the Henrico-based insurance giant Genworth Financial fell out of the top 500 for the first time in recent memory.
Seven locally-based companies are still within the top ranks. Goochland-based Performance Food Group sits at the highest at 80th.
The region’s other six Fortune 500s this year were: used vehicle retailer CarMax (151); tobacco giant Altria Group (209); insurer Markel Group (251); utility giant Dominion Energy (264); healthcare logistics firm Owens & Minor (395); and convenience store and gas station owner ARKO (488).
New Kent is set to receive $18 million in state funding to support transportation infrastructure
Reported by Jack Jacobs
The Commonwealth Transportation Board recently approved an updated list of projects slated to receive SMART SCALE funds.
New Kent will receive an eight-figure boost towards a project to configure Exit 211 on Interstate 64 into a diverging diamond interchange and alongside other infrastructure improvements.
The upgrades coincide with companies like Target and Autozone investing in distribution centers in the area. The Texas-based convenience store chain Buc-ee’s is planning to open a location nearby.
Longtime Richmond retailer plans to relocate, after a near decade-long run
Reported by Jack Jacobs
Gild and Ash, a home goods and accessories retailer, plans to move from its shared storefront on the corner of Libbie and Patterson Avenue, to the River Road Shopping Center II.
The small business’s former building is soon to make way for a four-story, mixed-use project.
Its new River Road home will be more than three times the size of its Libbie-Patterson store. Gild and Ash plans to wind down its current operation by August and reopen in its new location the following month.
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