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Star Lofts bought by developer Mercer Street in Petersburg


PETERSBURG - A New York-based developer has purchased the Star Lofts at 16 S. Market Street in Petersburg.
Mercer Street, purchased the Star Lofts for $7.3 million. The 66-unit building sits on 3.55 acres of land in Petersburg s downtown. It has one and two-bedroom loft-style apartment units. 
We have had success in the Petersburg market as part of our larger investment focus within the Richmond MSA where we own nearly 700 apartment units, said Mercer Street Managing Partner Joe LeVine via email. We believe Petersburg shows exceptional promise and we are excited to play a small part in its continued growth.
The building was originally built as a tobacco manufacturing facility for Star Tobacco in 1922, a company which once employed more than two-thirds of the city s workers. The owner later relocated to Richmond in 2010 and the building was converted into apartments in 2013.  ....

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DoorDash brings warehouse to Cleveland, while Amazon deal expires


DoorDash brings warehouse to Cleveland, while Amazon deal expires
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In the fast-changing world of industrial realty e-commerce, a DoorDash warehouse in Cleveland s Flats has surfaced, while plans to build an Amazon delivery center on a 40- acre city site are off at least for now, and maybe for good.
The San Francisco-based restaurant food delivery service, despite a recent spat with Cleveland City Council over a 15% cap on food delivery services, has leased an existing building at 1968 W. Third St. to introduce its DashMart delivery service to the region.
DashMart is DoorDash s move into home essentials, from ice cream to potato chips and sundries typical for a neighborhood convenience store, to complement its online format and ubiquitous restaurant delivery service. ....

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