Business

Ned Oliver
Oct 11, 2022 - Business

Secret parking minimums are driving up development costs

Illustration of a fleet of cars on a hundred dollar bill with Benjamin Franklin's eyes peering through.

Illustration: Aïda Amer/Axios

While the city considers dramatically rolling back parking requirements to encourage denser, walkable neighborhoods, an unseen force is still quietly demanding developers build big parking decks.

  • Banks.

Virginia brewers win 9 medals at Great American Beer Festival

Precarious Brewing Project

Precarious Beer Project accepts a medal at the Great American Beer Festival in Denver. Photo: John Frank/Axios

Virginia brewers took home nine medals at this year's Great American Beer Festival, Axios' John Frank reports from the awards ceremony in Denver.

Why it matters: GABF is America's premier beer competition, and winning one of the 300-plus medals helps put a brewery on the map.

  • This year the festival celebrated its 40th year and a return after a two-year pandemic hiatus.
Karri Peifer
Oct 11, 2022 - News

Short Pump Kroger eliminates plastic bags

Kroger signs on no bags

The signs at Short Pump Kroger. Images courtesy of Kroger

Single-use plastic bags are gone at Kroger's Short Pump location effective Monday, making it the first of the grocery chain's 18 Richmond-area stores to eliminate the bags.

Driving the news: Kroger announced in 2018 its plan to phase out single-use plastic bags at all its Richmond stores by 2025. Short Pump's early launch is a pilot for the rest of the stores, per a news release.

Richmond restaurants struggling to stay open

Illustration of a piece of steak on a flat top grill in the shape of an upward trend line

Illustration: Sarah Grillo/Axios

Across Richmond, many restaurants are raising prices, and some are adding fees to try to weather the latest challenge to an industry badly battered by COVID-19.

  • At the same time, some owners say they're cutting their salaries and taking a loss on menu items to try to minimize the consumer hit.
Karri Peifer
Oct 4, 2022 - Business

Richmond’s return to the office outpaces other cities

Illustration of a set of office chairs gradually moving up

Illustration: Sarah Grillo/Axios

More Richmonders are returning to the office than workers in most major cities.

Driving the news: A new report based on keycard data from Kastle Systems suggests office occupancy rates are higher in Richmond than 25 of the largest markets across the nation.

Ned Oliver
Sep 21, 2022 - Business

Hustler Hollywood “erotic boutique” to replace former Pizza Hut in Fan

On old pizza hut with graffiti on it and a sign that says Hustler Hollywood coming soon

The Hollywood Hustler is in the works at 2343 W. Broad St. Photo: Ned Oliver/Axios

The abandoned Pizza Hut on Broad Street finally found a new tenant: a sex shop chain called Hustler Hollywood.

Why it matters: It's located right across the street from the Children’s Museum of Virginia and the Science Museum, which has some residents questioning whether the storefront is an appropriate fit for a shop that describes itself as an "erotic boutique."

Ned Oliver
Sep 9, 2022 - News

Criminal complaint planned against Enrichmond

Illustration of a stack of hundred dollar bills being erased

Illustration: Sarah Grillo/Axios

Community groups that entrusted their finances to the Enrichmond Foundation are calling for a criminal investigation into the now-dissolved nonprofit.

What's happening: The foundation handled donations for 86 community groups when it dissolved suddenly at the end of June.

Ned Oliver
Sep 8, 2022 - Business

VCU Health is in the red

Illustration: Annelise Capossela/Axios

About 2.5 years into the COVID-19 pandemic, VCU Health officials say the hospital system's finances are in the red.

What's happening: Facing industry-wide headwinds, the health system says it's closing out the 2022 fiscal year at a deficit for the first time in recent memory.

Richmondpostcard

Get a free daily digest of the most important news in your backyard with Axios Richmond.

🌱

Support local journalism by becoming a member.

Learn more