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Recent Articles from Kate Andrews
CoStar makes $18M pledge to VCU for arts building
CoStar Group, the Washington, D.C.-based real estate data analytics company with a large presence in Richmond, has committed to give $18 million to Virginia Commonwealth University to build an arts and innovation academic building in Richmond, the company announced Friday. The building, which will tentatively be named the CoStar Center for Arts and Innovation, will […]
Altria settles 6,000 Juul-related lawsuits for $235M
Henrico County-based Altria Group Inc. has settled at least 6,000 state and federal lawsuits related to Juul Labs Inc. for $235 million, the Fortune 500 tobacco manufacturer announced Wednesday. The settlements will be paid in the second quarter of 2023. Altria purchased a 35% stake in e-cigarette company Juul for $12.8 billion in 2018. Months […]
Richmond City Council approves Diamond District
Richmond City Council members voted unanimously Monday to approve the $2.44 billion Diamond District mixed-use development, which aims to include a replacement for the 38-year-old stadium of the Double-A Richmond Flying Squirrels baseball team by the end of 2025. Councilors also approved an ordinance to convey 61 acres of city-owned land to the Richmond Economic […]
GMU biz school receives $50M bequest
George Mason University’s School of Business will be renamed for the late Donald G. Costello, a Loudoun County native and business owner who left the university $50 million in his will, GMU announced last week. The donation is the university’s largest individual gift in its 50-year history. Costello, who died in 2017 at the age […]
Richmond baseball stadium deadlines made public
Updated May 1, 6 p.m. According to a now-public development agreement, design work for Richmond’s new baseball stadium would begin this month and construction would start in August 2024 and finish by December 2025, if all goes to plan. The agreement also requires that the Richmond Flying Squirrels sign a stadium lease by July 1 […]
Richmond baseball stadium agreement reached — with year delay
The city of Richmond has reached an agreement with developers RVA Diamond Partners on the $2.44 billion Diamond District development and a new baseball stadium expected to open in spring 2026 — a year later than Major League Baseball’s April 2025 deadline. Now it’s up to MLB to decide whether to grant the city an […]
Va. tourism pitch hits Saks Fifth Ave. windows
New Yorkers and Manhattan visitors will spot an intriguing sight at the Saks Fifth Avenue flagship department store — two windows featuring a Virginia tourism campaign. Virginia Tourism Corp., United Airlines and Saks partnered to highlight three high-end resorts in Virginia — the Historic Cavalier Hotel and Beach Club in Virginia Beach, Keswick Hall in […]
DroneUp to deliver meds to Eastern Shore
Virginia Beach-based unmanned flight company DroneUp will launch a project to deliver medications via drone to patients on the Eastern Shore and Tangier Island as part of a collaboration with Riverside Health System and the Virginia Institute for Spaceflight & Autonomy (VISA) at Old Dominion University, among other partners. The project received $1.877 million in […]
Harvey Lindsay Jr., Norfolk real estate icon, dies at 93
Harvey L. Lindsay Jr., chairman and former president of Harvey Lindsay Commercial Real Estate, died Wednesday at the age of 93, the Norfolk firm announced Thursday. In addition to his nearly 70-year career in real estate, Lindsay was a Korean War veteran and an active volunteer in Hampton Roads civic organizations, as well as an […]
Potomac Yard Metro station opening May 19
Potomac Yard Metro station will open May 19, Alexandria‘s mayor and Metro’s CEO announced Wednesday. Metro’s 98th station, it will be located near Virginia Tech‘s Innovation Campus and Amazon.com Inc.’s Arlington HQ2 East Coast headquarters. “Our team is working hard to put the finishing touches on the station, and we look forward to welcoming customers [&hellip[...]
