The initial phase will start beside the new CarMax Park and include residential buildings, a 180-room hotel and an office building that is planned to rise five floors or higher.
Diamond District developers break ground on first mixed-use phase
Jonathan Spiers
Jonathan joined BizSense in 2015 after a decade of reporting in Wilmington, N.C., and at the Henrico County Leader. The Virginia Tech grad covers government, real estate and other news.
Reach him at (804) 308-2447 or jonathan@richmondbizsense.com.
Project Snapshot: New townhomes rising near Chamberlayne-Azalea crossroads
Called The Crossings at Mulberry, the 16-acre development by StyleCraft Homes will total 160 townhomes, with 25 of those priced for lower-income buyers through Henrico’s housing trust fund.
Richmond may add properties to City Center project, hires consultant Robert Bobb
Officials are considering expanding the project area beyond a 9-acre assemblage that includes the Richmond Coliseum to include more city-owned properties.
Lingerfelt sells Chesterfield warehouse to national logistics firm for $35M
Liquidity in secondary markets is always an area of concern for many institutional investors. That is no longer the case for the industrial sector in Richmond,” Lingerfelt President Brian Witthoefft said.
City completes $5M casino site purchase for park, future development
The transaction with Altria subsidiary Philip Morris closed three months later than originally scheduled, and the same week that VCU received approval from Gov. Youngkin to buy Altria’s downtown research building.
The $56M question: With state’s budget directive, will Richmond keep fighting for VCU Health tax payments?
“I’m quite confident it will be in litigation very shortly,” said Bill Leighty, recently dismissed from the VCU Wilder School, of the dispute between VCU Health and Richmond over the payments stemming from a failed development project.
City’s $3B budget proposal includes ‘acceleration’ in funding for water plant improvements
Mayor Danny Avula presented his administration’s $3 billion spending plan, which would maintain the current real estate tax rate and increase general fund spending by 5.5% over the current budget.
Henrico to begin search for new developer for arena-anchored GreenCity next month
After finding the project’s original developer in default, Henrico “is eager to attract a new partner or partners that are proven, competent and capitalized to deliver on what’s clearly a once-in-a-lifetime development opportunity.”
Project Snapshot: Fairways homes coming into view at former Glenwood Golf Course
Ryan Homes has started construction on Fairways, the 290-home redevelopment of the former public golf course by local development firm Godsey Properties.
Youngkin rejects bid for Henrico referendum on Staples Mill gambling parlor project
Gov. Youngkin said Monday he is vetoing language that legislators put into the state budget to allow Henrico to hold a referendum on the controversial project, which is already underway.