The Texaco Building in the Arts District is under contract to Brother Rutter of Rutter Mills LLP.
UPDATE, 3/18/14: The deal has been finalized.
There will be a due diligence period, so bear in mind that things can change.
To speak for just myself, if everything falls into place here Brother is an ideal property owner in the Arts District. Particularly of that building. He knows his contemporary art and has one of the finest private collections in the commonwealth. From Brother’s bio:
He serves as a Trustee of the Chrysler Museum in Norfolk, VA, and on the museum’s Collections Committee. Brother is also a member of the Contemporary Art Collectors Committee at the National Gallery of Art in Washington, D.C.
What’s more, Brother has shown a willingness and ability to successfully adapt historic architecture to present day needs. The (lovely) Rutter Mills offices on Brambleton used to be the Commonwealth Building and Loan Association. From a 2003 article in the Daily Press / Virginian-Pilot:
A city landmark that has been vacant for more than a decade will open its doors for service come September.
Sounds familiar, eh.
More details to follow in the next few weeks as they become public.