From Richmond BizSense:
After months of gauging interest and negotiations with two prospective restaurant users, Mark Smith now is hitting the gas on his original plan to open a Midas of Richmond store in Scott’s Addition.
Smith said Tuesday he is going forward with converting the former North American Transmission building at 1208-1216 N. Blvd., which he purchased last year for $1.29 million and renovated to house the fifth store of his local car-care franchise.
Smith had pumped the brakes on those plans back in March, when he said interest he’d received in the 15,700-square-foot building gave him pause enough to test the market for potential leasing opportunities.
Working with Cushman & Wakefield | Thalhimer’s Will McGoogan and Amy Broderick, who marketed the space, Smith said he talked informally with several interested parties and more formally with two area restaurant groups, entering into negotiations that he said nearly reached a deal with one but never reached terms that outweighed his own interest in the property.