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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 […]
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 […]
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[...]
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 […]
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 […]
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 […]
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 […]
Squirrels president is worried over ballpark timeline
The Richmond Flying Squirrels are worried that a new stadium may not be ready by April 2025 as needed to meet new Major League Baseball regulations, according to the Minor League Baseball team’s president and managing partner, Lou DiBella. In a statement Tuesday, DiBella said that there has been “very little progress” from the city […]
Thalhimer buys Diamond District properties for $4.6M
TRP Hermitage LLC, an entity connected to Richmond-based Thalhimer Realty Partners Inc., has purchased two industrial properties near The Diamond baseball stadium in Richmond for $4.6 million, S.L. Nusbaum Realty Co. announced Thursday. It was an off-market deal, according to Thalhimer. The plots — 0.735 acres at 1701 Rhoadmiller St. and 0.978 acres at 2508 […]
Exceeding expectations
In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s president and CEO, as the region landed two “megaprojects” — […]
UPDATED: Richmond picks Diamond District development team
Updated Sept. 15 The city of Richmond announced Monday it has selected a joint venture including Richmond-based Thalhimer Realty Partners to build a new baseball stadium for the Richmond Flying Squirrels, as well as a mixed-use development surrounding the stadium, revitalizing the area into a new neighborhood to be known as the Diamond District. The […]
