With a $40M lawsuit hanging over the Diamond District, BizSense analyzed emails and court filings to learn how it came to be that two of the three firms that once led it stepped away from the $2.4B development. This is Part 1 of a two-part series.
The recent filings come a month after Chicago-based Loop revealed that it bowed out of the Diamond District project six months ago, just before D.C.-based Republic Properties filed its suit.
County supervisors authorized the purchase for a replacement of the nearby Fire Station 1 and a new fire training facility near the intersection of Azalea Avenue and Richmond Henrico Turnpike.
“The City is prepared to pursue all available options, including litigation, to collect the Guaranteed Obligation payments,” Richmond leaders said in a letter to VCU Health’s CEO on Monday.
Developer Walid Daniel and builder Bill Pangburn are finishing up the first two of the townhomes that are filling a vacant spot along North 33rd Street, and replacing an area eyesore in the process.
The century-old house, originally built blocks away in the late 1700s, was purchased by a local developer two years ago and has been deemed by the city as unsafe.
Council OK’d spending $5.5 million to purchase the 96-acre site off Walmsley Boulevard, and split on votes on a proposed real estate tax cut and a $2M building purchase for a new pet adoption center.
The site is about half the size of the publicly traded company’s 142-acre campus in Northern Virginia, where five data centers are operational and four more are planned.
Currently under construction, the 4,700-square-foot deck will provide outdoor space that was originally planned for The Park, which co-owner Basim Mansour had first envisioned as a rooftop venue.
The Hanover County Sheriff’s Office gets a recruitment video ad, and new spots for Chesapeake Bank and rodent control brand Tomcat. (BizSense Pro required)
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