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Richmond riverfront amphitheater gets green light
Red Light Ventures LLC’s $30 million, 7,500-person riverfront amphitheater received a green light Monday from Richmond City Council, which approved a performance grant that paves the way for construction of the proposed music and performance venue to start as soon as this summer. With plans to host up to 35 major acts annually, Red Light […]
Richmond City Council passes casino legislation — again
Richmond City Council on Monday selected RVA Entertainment Holdings LLC — a joint venture between Urban One Inc. and Churchill Downs Inc. — as the city’s preferred casino operator, one of several administrative steps the city must take before a mulligan casino referendum lands on ballots in November, asking voters to reconsider allowing the proposed […]
Truist grants $500k to aid Richmond Community Wealth Building office
Truist Foundation announced it has made a $500,000 grant that will ultimately help Richmond‘s Office of Community Wealth Building provide further financial, education and employment coaching to city families, the philanthropic arm of Truist Financial Corp. announced in a press conference Friday. “At Truist, our purpose is to inspire and build better lives and communities, and […]
Va. Board of Accountancy elects next chair
Wendy P. Lewis, a partner in KPMG LLP’s audit practice, will become chair of the Virginia Board of Accountancy on July 1. Lewis is currently the board’s vice chair; her term as chair will end on June 30, 2024. “I’m honored to step into the role of chair. … As the first Black woman to […]
Richmond airport CEO to chair national board
Perry J. Miller, president and CEO of the Capital Region Airport Commission, which includes Richmond International Airport, has been elected 2023-24 chair of the American Association of Airport Executives, the world’s largest professional organization representing individuals who work at public-use commercial and general aviation airports. Miller, who started his term Monday, succeeds Mark [...]
Activation Capital plans $53M innovation center in Richmond
Activation Capital, a Richmond-based innovation incubator, will redevelop a 102,000-square-foot innovation center in the Bio+Tech Park in downtown Richmond, Cushman & Wakefield | Thalhimer and Activation Capital announced Friday. The 34-acre park, at Eighth and E. Leigh streets, is a commercial life sciences hub adjacent to the Virginia Commonwealth University Medical Center and has more [&hel[...]
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 […]
VCU names new engineering dean
Azim Eskandarian, a Virginia Tech mechanical engineering professor and department head, has been named the next dean of the Virginia Commonwealth University College of Engineering, VCU announced Tuesday. Eskandarian, whose appointment takes effect Aug. 1, will also serve as the William H. Goodwin Jr. Endowed Chair of the engineering college. He’s currently department head and […]
Forvis names new Va. managing partner
Forvis has named Jennifer Wold as managing partner of its Virginia practice unit, the accounting firm announced Monday. Wold’s role becomes effective June 1. She succeeds Tom Hazelwood, who has served as managing partner for the past year. Wold will oversee offices in Richmond, where she will be based, and in Norfolk. She is a […]
Richmond loft apartment community sells for $14.8M
A 70-unit apartment community in Richmond‘s Manchester neighborhood sold for $14.8 million May 12. Putnam Mill LLC, an entity connected to First Priority Management of Washington, D.C., purchased The Mill at Manchester Lofts, a former paper mill and warehouse that now consists of studio, one-, two-, and three-bedroom loft style apartments at 815 Perry St. […]
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 […]
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 […]
