A performance agreement for a 105-acre mixed-use development with 250,000 square feet of commercial and office space and up to 1,190 residential units would provide about $28 million in incentives.
“It’s just a whole different ballgame that is being played here in the city,” Councilmember Stephanie Lynch said in response to comments from colleagues on past economic development efforts.
The City Council gets an update on the Diamond District redevelopment project, a 1,400-acre solar facility is up for a vote in Chesterfield, and Henrico details projects in its $511 million bond referendum this fall.
Richmond Executive Aviation, which launched in June 2021 to bring more competition to the municipal airport, was forced to cease operations late last month.
A special-use permit request includes an elevation rendering and site plans that show the 305-unit, $80 million building in more detail than previously presented.
While signs point to Amazon, the identity of the end user of the $500 million-plus facility in Goochland County is under wraps for now.
The would-be buyers of the site once slated for River’s Edge II plan to build residential buildings, one 17 stories with 175 units and the other 11 stories with 350 units.
The Richmond Planning Commission looks at rezoning for the City Center area plan, an industrial rezoning request in Varina is withdrawn, and a Sheetz is planned near a Chesterfield shopping center.
“Basically we have no access to our funds,” said Friends of Pump House President Penn Markham after the group was left hanging by the foundation’s demise.
The project is from an investor group led by Coran Capshaw, a Virginia native who got his start managing the Dave Mathews Band and has built other venues.
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