RICHMOND, Va. — A local developer and restauranteur are gobbling up more real estate along an ever-evolving downtown restaurant row.
Chris Johnson and Tom Dickey of the Monument Cos., along with Chris Tsui of Eat Restaurant Partners, recently purchased 412 E. Grace St. with plans to renovate the building to add a new 3,800-square-foot street-level restaurant and two apartments on the second floor.
The trio is rekindling their partnership after working together in the development of Foo Dog on Main Street, another of Tsui’s restaurants, Johnson said in an email.
“We really enjoyed working with Chris (Tsui) on (Foo Dog), and we knew he was expanding and preferred to have an ownership in the buildings where he puts his restaurants,” Johnson said. “This building laid out well for a good sized restaurant on the first floor and mezzanine with apartments above, so we thought Chris might have an interest – which he did.”
The partners put the 6,100-square-foot building under contract about four months ago, Johnson said. They closed on the deal Tuesday, paying $420,000. Johnson said the building has been vacant for quite some time. Property records indicate that the seller owned the building since 1989.
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