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Biz Bites: Local business highlights from the past week – Richmond.com

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main2525 project

Developers plan to build a six-story apartment building with 216 units on a parking lot west of Millie’s Diner on East Main Street along Richmond’s Tobacco Row. The Main2525 project calls for nearly 7,400 square feet of commercial space fronting East Main. Zoning allows for five stories, so approval of a special-use permit is needed. Covered parking for 241 vehicles will be located below the street level and under the building. The lot is bounded by East Main, 25th and 26th streets. The complex will feature a swimming pool, a reflective wading pool, indoor bicycle storage, a rooftop terrace and a lounge with city skyline views.

ceos of hbav, hbar

M. Craig Toalson, CEO of the Home Building Association of Richmond, is stepping into his father’s shoes as the new CEO of the Home Builders Association of Virginia effective July 1. His father, Mike Toalson, led the Richmond-based statewide organization for 20 years. Meanwhile, Danna Markland — president and CEO of the Chesterfield Chamber of Commerce — will step into the CEO role at the Home Building Association of Richmond on July 1.

land trust house

Richmond’s Church Hill neighborhood is home base for the area’s first Maggie Walker Community Land Trust house for workforce housing. The purchaser buys the house, not the land. The land will be held in perpetuity by the trust. The price of the land in a community land trust is subtracted from the purchase price, leading to smaller down payments and lower monthly payments. The net effect is to create an affordable alternative to renting and to give families the benefit of wealth-building opportunities through homeownership. The first home — a 1,680-square-foot house with three bedrooms and 2½ baths — will be built on a vacant lot at 1114 N. 26th St.

ric traffic falls

Passenger traffic at Richmond International Airport fell 0.35 percent in April compared to the same month in 2016, the first such decline in a year, the Capital Region Airport Commission reported. The last drop in traffic compared with the same month in the previous year also was in April — with April 2016’s traffic falling 1.2 percent compared with April 2015. The airport has seen passenger traffic increases 35 of the past 38 months.