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Diamond District

Feb 24, 2025

Conn. developer files amended complaint in $40M Diamond District lawsuit

After a Richmond Circuit Court judge dismissed a Connecticut developer’s $40 million lawsuit over the city’s $2.44 billion Diamond District project, the developer has filed an amended complaint with a change in language. Judge Bradley B. Cavedo ruled Jan. 22 in favor of defendants Thalhimer Realty Partners, a subsidiary of Cushman & Wakefield | Thalhimer, […]

Jan 27, 2025

$40M Diamond District lawsuit dismissed in Richmond

A Richmond Circuit Court judge dismissed a $40 million lawsuit over the city’s $2.44 billion Diamond District project last week, in which a Connecticut developer claimed its former partners, including Richmond’s Thalhimer Realty Partners, cut it out of the development deal. Judge Bradley B. Cavedo ruled Jan. 22 in favor of defendants Thalhimer, a subsidiary […]

An aerial shot of industrial buildings
Dec 27, 2024

Thalhimer subsidiary purchases Dabney Center for $75M

Thalhimer Realty Partners, a Cushman & Wakefield | Thalhimer subsidiary, has purchased Dabney Center, a 56-acre industrial park in Henrico County, for $75.3 million, the company announced Monday. The complex, which includes 14 buildings and encompasses more than 642,000 square feet, was purchased from Brandywine Realty Trust of Philadelphia. Atlantic Union Bank provided financing for […[...]

A rendered interior of a movie theater auditorium, angled to show a large screen to the right of the image. The tiered seating leading up and to the left in the image shows black seats with red upholstery and small attached tables.
Dec 11, 2024

Richmond’s Movieland at Boulevard Square to undergo $5M glow-up

Movieland at Boulevard Square, the city of Richmond‘s only first-run movie theater, is undergoing approximately $5 million in renovations and upgrades. The project, which began in October and is expected to be completed in spring 2025, represents “the most extensive enhancements to the theater since it opened in 2009,” according to a Wednesday news release. […]

Nov 30, 2024

Aiming for the fences

When renters tour the new Novel apartment building in Richmond‘s Scott’s Addition neighborhood, one fifth-floor vantage point has particular appeal. The windows on the building’s east side look across Arthur Ashe Boulevard onto the site where the Richmond Flying Squirrels‘ new baseball stadium, CarMax Park, is expected to open in time for the 2026 season. […]

An aerial rendering of the Diamond District redevelopment. Image courtesy Thalhimer Realty Partners
Nov 1, 2024

Thalhimer now sole principal for Diamond District redevelopment

Loop Capital is no longer affiliated with the development partnership working on the mixed-use development component of Richmond’s $2.4 billion Diamond District project, leaving Thalhimer Realty Partners as the development team’s sole principal. The partnership, a limited liability company named Diamond District Partners, is developing the area surrounding the planned new baseball stad[...]

Sep 4, 2024

Richmond Flying Squirrels’ new stadium will be CarMax Park

With confetti flying and a DJ playing walk-up music for Richmond‘s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known as CarMax Park, officials with the […]

Woman with long curly hair smalls at camera.
Aug 5, 2024

Pechin joins Thalhimer Realty Partners

Less than a year after leaving the City of Richmond to work for the federal government, Maritza Pechin has joined Thalhimer Realty Partners as director of development, the Cushman & Wakefield | Thalhimer subsidiary announced Monday. Pechin was deputy director for the office of equitable development for the city and was heavily involved in the […]

Diamond District rendering. Courtesy City of Richmond
Jul 24, 2024

Connecticut firm sues former Diamond District partners for $40M

A Connecticut-based developer, Republic Projects, has filed a $40 million lawsuit against its former partners in Richmond’s $2.44 billion Diamond District project, a city-backed mixed-use development that includes a replacement for the 40-year-old Diamond baseball stadium. Republic Projects, the plaintiff in the lawsuit filed July 19 in Richmond Circuit Court, claims that Richmond-based Thal[...]

Jun 27, 2024

Richmond switches up stadium funding plan

UPDATED JULY 16 Richmond City Council this spring pitched a bit of a curveball on financing of the city’s new baseball stadium. On May 8, councilors approved a plan that they say would save the city money and get the replacement stadium — part of the proposed Diamond District — completed in time to meet […]

The Richmond Flying Squirrels and mascot Nutzy may be getting a replacement baseball stadium for the spring 2026 season. Photo courtesy Richmond Flying Squirrels
May 30, 2023

Richmond City Council approves Diamond District

Richmond City Council voted unanimously May 8 to approve the $2.44 billion Diamond District project, which includes a replacement for the aging stadium that’s home to the Double-A Richmond Flying Squirrels baseball team. The Diamond District’s first phase, expected to cost $627.6 million, includes a 9,000-capacity, $90 million-plus baseball stadium and a hotel with at […]

May 8, 2023

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 […]

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