Land near Richmond stadium sells for $1.95M

A vacant plot of land in Richmond across from The Diamond baseball stadium has sold for $1.95 million, Colliers International announced Thursday.

Located at 3110 N. Arthur Ashe Blvd., the property is 1.19 acres. The property is located directly across from the planned Boulevard redevelopment project, known as The Boulevard RVA. The redevelopment project launched in 2016 and will eventually consist of more than 60 acres of mixed-use development.

NB Arlington LLC sold the property to Arthur Ashe Blvd. RE LLC, which hasn’t yet released plans for the property. 

However, a master-planning initiative, the Richmond 300, is underway, which will be used by city administration, developers, architects and builders, residents, nonprofit organizations and business owners to make decisions about redevelopment, including in the area where the parcel sits on the outskirts of Richmond’s Scott’s Addition district.

Richmonders who have provided input for the Richmond 300 plan are currently being surveyed about whether the pandemic will cause changes in what they would like to see the land be used for.

“We are probably still too close to this pandemic to truly understand its effects on the built environment, but since the master plan will come out in late May, we want to have something in the plan related to any longer term effects of the pandemic on land-use planning in Richmond,” the survey says.

Colliers Senior Vice Presidents Harrison Hall and Peter Vick represented NB Arlington in the transaction and Senior Vice President Marc Allocca represented Arthur Ashe Blvd. RE. LLC.

Subscribe to Virginia Business.

Get our daily e-newsletter.