Nichols Brothers Expand Real Estate Empire | Richmond News

The Nichols brothers just dropped $1.2 million on a sleek 3,500 sq ft office building in Scott’s Addition — right across the street from their own HandCraft flagship — closing under appraised value. This move fits into their broader real estate play in the neighborhood, including two MacTavish Avenue industrial buys and a tuk-tuk dealership. The new property, once home to MBM Marketing (which shut down last year), is now poised for transformation — though details remain tight. Their portfolio also includes a sold West Moore Street block and an upcoming project in Libbie-Patterson, proving they’re not just laundry kings — they’re serious developers. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6d031f1f7e73f1bb