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A proposal to add more than 200 units to a 74-story high-rise would lower property values in the neighborhood and worsen congestion, the next-door condo board says.

Investors buy Imperial Plaza for $75M, plan to spend millions more on upgrades Jonathan Spiers photos) A multimillion-dollar updating of one of Richmond’s longest-running senior living communities is in the works following a $75 million purchase last week. Imperial Plaza, a gated complex totaling hundreds of units in the city’s Northside, is being renamed and reimagined as a so-called “active adult” community after its sale Thursday to an out-of-town joint venture. The new owners are Bluestone Group, a New York-based commercial real estate investment firm, and frequent collaborator Br...

5 Surprising Second Acts for Dying Malls GOBankingRates 1/15/2021 © Mike Mareen / Shutterstock.com Szczecin, Poland-July 2018: Amazon logistics center near Szczecin in Poland-panorama. As brick-and-mortar retailers struggle to stay afloat, many malls around America are slowly dying — and Amazon may capitalize on these now-empty spaces. According to a Wall Street Journal report, the e-commerce giant is in talks with mall owner Simon Property Group to take over anchor department-store spaces previously occupied by Sears and JCPenney — both of which have filed for bankruptcy and clos...