Dominion Energy’s apparent indecision on whether it will build a second downtown office tower to replace the one it plans to raze early next year could significantly impact the proposed Navy Hill development that its CEO is spearheading, potentially determining how much city tax revenue would go toward paying for a new arena – and how long it might take to pay down debt on the venue.
Zimmer Development now expects to close on the purchase of 20 acres near Rocketts Landing by the end of the year and begin construction of the massive mixed-use project in the first quarter.
The state’s highest court has weighed in on a years-long dispute between Henrico County and one of its biggest residential developers.
An accelerated effort to let voters weigh in on the public funding portion of the proposed Navy Hill development was struck down Wednesday by a divided Richmond City Council.
Less than two weeks after a hastily called announcement that the proposed Navy Hill development was ready for public review, Richmond City Council is set to meet tonight in the second of two last-minute meetings to decide whether to put the $1.5 billion project’s financials to voters in a referendum in November.
Documents detailing the proposed Coliseum-anchored Navy Hill redevelopment are now in the hands of Richmond City Council and posted publicly online, revealing more about the $1.5 billion project than previously known – including two new high-rise buildings planned south of Broad Street.
The commonwealth closed on its purchase of nearly 40 acres, where it will be building a new headquarters and distribution center for the ABC. It also announced another agency will relocate from the city to the county.
A state economic development group is increasing its footprint in a downtown Richmond high-rise as it launches a new program aimed at recruiting and retaining more businesses throughout the commonwealth.
City-driven efforts to update zoning rules and encourage denser development in two Richmond neighborhoods are inching closer to potential adoption.
Property owners wary of proposed city rules that would restrict or allow, depending on one’s perspective, short-term rentals of residential properties in Richmond are airing their concerns and frustrations to city officials ahead of a presentation to City Council later this year.
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