Henrico real estate staying strong despite low inventory

The Henrico real estate market has been relatively strong for the past month, despite a lower amount of inventory, according to data from Long and Foster Real Estate.

In the past month, 408 homes have been sold in Henrico, which is 2 percent less than were sold in the same timeframe in 2016.

Last year the median sale prices for Henrico homes was $219,975, whereas this month it's up to $232,500, a 6 percent increase. Which means half of the homes in Henrico are priced above $232,500 and half are priced below.
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Business in brief


Long & Foster Real Estate recently named Amy Enoch as the new manager of its Tuckahoe office. Enoch brings more than 15 years of real estate expertise to her new position, and she most recently led Long & Foster’s Village of Midlothian office. Enoch has served in both sales and management positions during her tenure at Long & Foster. Prior to her real estate career, Enoch worked in information technology and hospitality. She is a graduate of Radford University, where she earned a Bachelor of Science degree in economics, English and history. Enoch has also received the designation of Graduate, Realtor Institute (GRI) from the National Association of Realtors, and this showcases her expertise in the fundamentals of real estate.
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32 Wegman’s Short Pump employees receive college tuition scholarships


Wegmans Food Market announced May 17 that it is awarding 2,109 employees with its Employee Scholarship Program for the 2017-2018 academic year. Wegmans is looking at paying approximately $5.1 million to assist the scholarship recipients with tuition. The local Short Pump Wegmans store selected 32 employees out of the 2,109 total scholarship recipients.

Since the employee scholarship program started in 1984, more than 35,000 Wegmans employees have received scholarships, totaling in $110 million overall.
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Collegiate wins Green Schools Award


The U.S. Green Building Council Greater Virginia Community (USGBC Greater Virginia) recently held its sixth-annual Connect the Dots for Green Schools Challenge Awards at The Steward School’s Bryan Innovation Lab, and a Henrico County school won one of five awards for implementing an environmental stewardship program.

Collegiate Lower School students won the Merit Award, embodying principles of responsible citizenship and advocacy with a food waste-composting program in the school.
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Business in brief


AAA Mid-Atlantic has opened a new AAA Car Care Insurance Travel Center at the intersection of Broad Street and Glenside at 7009 W. Broad St. The new location joins the auto club’s four other Virginia locations (Midlothian, Fredericksburg, Manassas and Fairfax) and replaces the previous Willow Lawn location. Store hours are Monday through Friday from 7 a.m. to 7 p.m., Saturday from 8 a.m. to 5 p.m. and Sunday from 10 a.m. to 4 p.m. The Glenside Car Care Insurance Travel Center offers car care services to members and non-members, although AAA members will enjoy a lower price with a discount on repair labor.
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IR Engraving to expand operations in Henrico


IR Engraving, a leader in designing and building engraved rolls and plates, gravure rolls and custom machinery, will invest $850,000 to expand its manufacturing operation in Henrico County to meet increased demand, Virginia Gov. Terry McAuliffe and the company announced May 10. The project also will create 22 new jobs.

“We are excited at the opportunities available since we acquired the business from Standex last summer, returning the company to its privately-held roots,” said IR Engraving President Matthew Pursel.
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Second-annual denim drive at Regency Square raises more than $7k for Henrico schools


Goodwill of Central Virginia and Regency Square partnered for their second-annual denim drive this spring to benefit Henrico County Public Schools.

Each school competed within their elementary, middle and high school divisions as they vied for a piece of over $7,000 in prize money. Students were not the only ones contributing to the drive; various PTAs, clubs and community groups donated items to help their favorite school win.

All donated denim items counted toward the grand total, including jeans, shorts, skirts, shirts and jackets.
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Business in brief


CycleBar, a new concept in indoor cycling that offers a high-energy workout in a rock-concert-like atmosphere, will be opening to the public on Thursday, May 11. CycleBar will be one of the first tenants to open at the new GreenGate development, located between Short Pump Town Center and 288. CycleBar offers a pay-per-class model with no membership necessary. Easy online booking allows guests to purchase class packages and reserve a specific bike up to a week in advance online. Classes are 50 minutes long and feature tiers for 48 bikes plus LED lighting, wide-screen graphics and audio with a DJ booth. Riders can track performance data via CycleStats and download the music used in the class session. In the cool down period after class, riders enjoy fresh fruit, enhanced water and the aromatherapy that exists throughout the facility. To celebrate the opening, CycleBar GreenGate will offer CycleBlast, 10 days of free rides for the public, from May 11-21, giving riders the chance to experience all that CycleBar has to offer at no charge.
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New products arrive at Virginia ABC stores


The Virginia Department of Alcoholic Beverage Control is adding 29 new products to its catalog of more than 3,000 distilled spirits, Virginia wines and mixers.

The new products include six bourbons, four whiskeys, four scotches, six ready-to-drink cocktails, three tequilas, three vodkas, one cognac and two cordials.

A number of new Virginia products from regions spanning the commonwealth are among this new class of spirits, including Kopper Kettle Bonded Virginia Whiskey, Dr. Stoner’s Smoky Herb Whiskey and Fresh Herb Vodka, McCauley’s Virginia Bourbon Whiskey and Scratch Corn Whiskey — a dream come true for lovers of Virginia spirits.
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Glen Allen laboratories firm acquired by Tennessee company


Poplar Healthcare, a laboratory services company headquartered in Memphis, Tenn., announced this week that it had completed the acquisition of substantially all of the assets of Bostwick Laboratories, a Glen Allen-based specialty anatomic pathology laboratory focused on the diagnosis of cancer.

Bostwick Laboratories is a leader in urologic pathology with expertise and a growing presence in the dermatology, gastroenterology, gynecology, and nephrology sectors of the anatomic pathology market.
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Lewis Ginter names new horticulture director


After an extensive national search, Lewis Ginter Botanical Garden has named John Morse as its new director of horticulture. Morse most recently was superintendent of horticulture for the Morris County Park Commission in Morristown, N.J., where he was responsible for more than 450 acres including Frelinghuysen Arboretum, Willowwood Arboretum and Bamboo Brook Historic Garden. In his new role, he will direct horticulture for Lewis Ginter Botanical Garden starting in early July.
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Virginia ABC to offer rare Old Rip Van Winkle 25-year-old bourbon through lottery


Bourbon lovers will get the chance to purchase a once-in-a-lifetime product from one of the nation’s most famous distilleries next week on Virginia ABC’s website.

From 9 a.m. on May 10 to 9 a.m. on May 12, customers will be able to enter a lottery for the chance to purchase one of ten bottles of the extremely rare Old Rip Van Winkle 25-year-old bourbon. The entry form can be accessed on the Virginia ABC website, https://www.abc.virginia.gov/products/limited-availability.
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Business in brief


Cushman & Wakefield | Thalhimer recently announced the following lease transactions in Henrico County: Goldfish Swim School of Richmond – leased 10,000 SF in Gayton Crossing Shopping Center at 9782 Gayton Rd.; Brown & Brown Insurance Company – renewed its lease of 5,285 SF in Windsor Business Park II at 8570 Magellan Pkwy.; Precision Service of Virginia Beach and Richmond – leased 2,000 SF in Dabney Road Center at 2095 Dabney Rd.; and Franklin & Prokopic, P.C. – leased 1,168 SF in Vistas II at 5516 Falmouth St.
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Leadership Metro Richmond honors St. Joseph’s Villa CEO


Leadership Metro Richmond honored St. Joseph's Villa CEO Kathleen Burke Barrett, a 2003 graduate of LMR, with its 2017 Ukrop Community Vision Award during its annual spring luncheon April 6.

The award honors a LMR member who demonstrates a purposeful vision, a sense of what needs to be done, clear articulation with concern and respect for others with demonstrated action and risk-taking.
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Business in brief


The Jenkins Foundation has granted The McShin Foundation $25,000 for residential recovery services to serve those with a Substance Use Disorder. The Jenkins Foundation is focused on equitable access to health care services, as well as programs that help reduce risky behaviors and promote safe and healthy environments. The McShin Foundation was founded in 2004 and is Virginia's leading non-profit, full-service Recovery Community Organization (RCO), committed to serving individuals and families in their fight against Substance Use Disorders.
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Henrico Business Bulletin Board

May 2017
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ChamberRVA's Henrico Business Council will honor Community Leader of the Year Dan Schmitt at its annual awards breakfast at the Westwood Club, 6200 West Club Ln., from 7:30 a.m. to 9 a.m. Schmitt, president and founder of RMC Events, has not only guided RMC since 1999 but also has led growth and revitalization efforts of the Glen Allen Youth Athletics Association. Due to limited space, advance registration for the breakfast is required. Tickets are $35 for ChamberRVA members and $45 for non-members. For details and registration, visit http://www.chamberrva.com or contact Geoff Zindren at 783-9316. Full text

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