The deal amounts to just over $1 million per acre, and gives the school part of the land it needs for its planned athletic village. Meanwhile, it’s decided to pump the breaks on its $16 million emergency room in New Kent County.
With around $1 billion in ongoing construction projects between its Monroe Park and MCV campuses, VCU is among the biggest developers in Richmond at the moment.
With the purchase, VUU President Hakim Lucas said, “We have said that we now control our environment, that we are going to be a player in the city, that someone else is not going to dictate how we expand and not going to dictate our future.”
The school’s move will free up the YWCA to carry out a nearly $6 million renovation of its downtown facility at 6 N. Fifth St.
Thanks in part to a fleet of hungry goats, the restoration of a trail and creek that runs adjacent to the University of Richmond and the Country Club of Virginia is wrapping up.
Formula 1-style race cars and hyperloop pods now are being built where trolley cars once were worked on more than 80 years ago downtown.
The school would raze the old Franklin Street Gym to make way for a six-story, 168,000-square-foot science, technology, engineering and math building.
As it looks ahead to a major project near Monroe Park, the university is shuffling some classrooms over to West Grace.
As the Richmond Flying Squirrels prepare for opening day and the Virginia ABC grows closer to moving its headquarters to Hanover County, VCU appears to have shown at least part of the hand it is playing in the bid for a new baseball stadium in the city.
The school’s Board of Visitors on Friday approved the “One VCU” master plan, which will serve as an updated framework for development opportunities on and near the school’s Monroe Park and MCV campuses in the next 15 years.