A groundbreaking ceremony planned for Aug. 9 will mark the start of construction on what’s tentatively referred to as the West Area Middle School in Chesterfield’s Upper Magnolia Green area.
Education
University of Richmond underway on $25M library upgrades
The project includes a new atrium with a multiuse seating area and more study spaces for students. Construction started in the spring and comes as the latest in a sequence of projects at the Boatwright Memorial Library.
VCU board approves $1.5B FY23-24 spending plan, discusses failed real estate deal
The university’s Board of Visitors approved a $1.5 billion budget on Wednesday, as it expects that dozens of jobs will be affected by its efforts to balance the budget amid increased costs and an unclear outlook on state funding.
VCU plans $70M renovation of shuttered Johnson Hall dorm
The 12-story freshman dorm at 801 W. Franklin St. has been closed since November 2021, when high levels of mold spores were detected in the building. It displaced more than 400 students.
‘Why is there a cover-up?’ Wilder responds to VCU Health payout report, repeats call for state investigation
The VCU professor and former Virginia governor discussed the report’s findings in a series of interviews with BizSense: “What it amounts to is the Board of Visitors has not done its job, the president has not done his job…and the people of Virginia are being ill-served,” he said.
Review finds ‘insufficient due diligence, institutional eagerness’ as flaws in VCU Health’s downtown development deal
The third-party review represents the first accounting of the aborted Public Safety Building project that has ended up costing the health system at least $80 million, including a $73 million project-exit payment.
City setting stage for VCU Health to demolish Public Safety Building
City Council on Monday introduced legislation to allow the health system to access the city-owned property to begin the demolition, which is expected to cost $5 million.
VCU Health continues to pay for downtown development exit
While the health system remains on the hook for Richmond real estate tax payments that continue to come due, it’s unclear whether a new university-led project for the same site would align with the city’s desire to keep the downtown property taxable.
Childcare chain expanding in Chesterfield with two new locations
Local operators of a national childcare chain are expanding their business with two new locations on either side of Chesterfield County. Married couple and franchisees Charul and Raj Patel plan to open new Kiddie Academy outposts at 660 Watkins Centre Parkway near Westchester Commons shopping center, and at 731 Bermuda Hundred Road near Meadowville Technology… Read more »
VCU adds BookHolders building to its real estate collection with $3M deal
As its health system juggles the fallout from a failed downtown development deal, VCU’s real estate division remains in deal-making mode with a new acquisition around its Monroe Park campus.