Richmond’s Economic Development Authority is preparing a joint solicitation that it plans to issue with the Greater Richmond Convention Center Authority to gauge development interest in a 9-acre assemblage that includes the shuttered arena and the site of a long-sought convention center hotel.
“The redevelopment of the Diamond District site is intended to be financially self-sustaining, meaning that the new development in the Diamond District will generate enough tax revenue to pay debt service for Community Development Authority bond financing,” new city documents state.
A mayonnaise brand gets a new mascot with help from a local agency, a lawncare company’s Jack Russell terrier is back on TV, and shops team up on a brand refresh for a Richmond speaker series.
The City of Richmond has made its pick in its months-long search for a development team to guide its Diamond District redevelopment.
The deal for the 262-unit Tapestry West comes out to $350,0000 per door, a figure that breaks the buyer’s previous local price record.
“It was like twisting ourselves into a pretzel to ensure that all of those resources would go forward,” Better Housing Coalition’s Greta Harris said of the deal with Virginia Supportive Housing.
The 7-acre wooded tract had been owned by Gumenick Properties, which had previously secured approval for a 10-story condo project.
The 12,500-square-foot mansion went to a director at UR’s investment arm and a travel advisor who relocated to the area from Connecticut.
“I said I really would like to start to get some business in the marine, boating and fishing industry, just thinking, ‘OK, I love to do those things; how awesome would it be to work in the industry as well?’” Commonwealth PR’s Brian Chandler said.
Markel | Eagle Partners withdrew its request for a rezoning for age-restricted homes between Pouncey Tract Road and Quarry Hill Road, while it continues with plans for an 80-home subdivision across the border in Henrico.
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