“The developer exploited our desire to partner with the city…to push a grossly one-sided project that offers limited value to VCU Health but saddles us with all of the project’s costs and risks,” then-VCU Health CEO Art Kellermann said days before signing off on the deal.
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Governor calls for changes after VCU Health’s costly downtown development exit
“The widely publicized cancellation of the Clay Street development project in downtown Richmond…should serve as a wake-up call to the significant flaws in the current governance of the University and the Authority,” Gov. Youngkin said in a letter to General Assembly leadership.
Nonprofits Daily Planet, Senior Connections strike nearly $2M downtown office deal
The building became available when Senior Connections moved to Manchester. Daily Planet will use it to expand its dental services.
New architectural design guidelines in the works for downtown Ashland
The Downtown Ashland Association is kicking off its Downtown Ashland Revitalization project, which will be powered by state-provided grant funds and done in coordination with town officials.
Wells Fargo closing downtown branch at 2nd and Grace
It will be the bank’s ninth Richmond-area branch to be put on the chopping block in the last couple years, including two others that are set to close in the coming weeks.
Richmond fire department relocates HQ, freeing up downtown building
The department has moved its operations out of the Douglas Development-owned building to a warehouse on North Hamilton Street.
GRTC to open new downtown transfer station ahead of Southside route expansion
As the regional transit authority gets ready to christen a new bus-route nexus in downtown Richmond, it’s also gearing up for a route expansion south of the river.
State’s social services department to move downtown HQ to Henrico
As its downtown headquarters is being readied for an apartment conversion, the agency is trading the city for Innsbrook.
Downtown’s American Heritage Apartments sell for $10M to D.C. buyer
Changing ownership for the second time in two years, a downtown apartment building is now in the hands of yet another out-of-town investor.
Developer scraps plans for 600 apartments at Dominion-owned properties downtown
Genesis Properties is no longer pursing the purchase of Dominion Energy’s Eighth & Main office tower and a neighboring parking deck. The properties are now back on the market.