downtown`s transformation

DOWNTOWN'S
TRANSFORMATION
FEATURING 50+ DEVELOPMENTS
COMPLETED OR UNDERWAY IN
2014-2015
$1.1 Billion+ Investment / 2,060+ Lofts / 1.9 Million+ SF of Commercial
481 Hotel Rooms / Living Quarters for 460+ VCU Students
(These figures do not include the Bus Rapid Transit figures.)
TRENDING
SHOCKOE
1
1
BUS RAPID TRANSIT
1
ROCKETTS LANDING TO WILLOW LAWN
Working in partnership with the Virginia Department of Rail and Public Transportation (DRPT), GRTC continues to plan for the development of the
GRTC Broad Street Rapid Transit Project. Bus Rapid Transit (BRT) systems provide frequent, reliable transit service that allows a greater movement of
people along a corridor without depending on cars and parking. The first phase of the project is 7.6 miles with 14 stations, connecting Rocketts Landing
along East Main Street to 14th Street to Broad Street and west on Broad Street to Willow Lawn. There will be dedicated bus lanes with a combination
of median lanes and curb lanes. Currently in the design phase, the project will be completed and operating in late 2017. The project received a $24.9
million grant from the Federal Transit Agency. The total cost of the project is $49.8 Million.
2
SEVEN HILLS BREWERY
2
3
TRIPLE CROSSING BREWERY
RIVERFRONT / CANAL WALK
115 SOUTH 15TH, SUITE 100
MONROE WARD
113 SOUTH FOUSHEE STREET
Renovation: Dining room and bar with seating
for 350 and 80 on the patio, including kitchen
and brewing area, 8,000 SF.
Renovation: 7 bbl brewery, in-house bar and
tasting room, patio, 2,800 SF.
Completion: 2015
7hillsrva.com
Completion: 2014
triplecrossingbeer.com
3
4
STONE BREWING EAST COAST
BREWERY AND BISTRO
FULTON HILL
4200 WILLIAMSBURG AVENUE
FIRST FREEDOM CENTER—MARRIOTT HOTELS
AND FIRST FREEDOM EXHIBIT SPACE
1
SHOCKOE SLIP
1320 EAST CARY STREET
New construction: Two-phase project that includes
a 200,000 SF brewery production and distribution
facility, approximately 450 parking spaces, a
30,000 SF bistro and outdoor beer garden.
New construction: Two hotels (Courtyard and Residence Inn by Marriott) and First
Freedom Exhibit Space with monument to religious freedom. 210 hotel rooms; 200
SF café, 2,800 SF meeting spaces. Amenities include the Bistro Café and Bar, fitness
facilities, and meeting spaces.
Completion: Phase I: 2016; Phase II: TBD.
Total investment: $31 million+ in real estate;
$41 million in equipment
Completion: 2014
Total investment: $36 million
stonebrewing.com
2 POWERED BY VENTURE RICHMOND
4
marriott.com
VENTURERICHMOND.COM 3
SHOCKOE
2
CONTINUED
SHOCKOE PUBLIC SQUARE / 17TH STREET MARKET REDESIGN
6
5
2
(CONCEPTUAL PLAN)
SHOCKOE BOTTOM
1548 EAST MAIN STREET
Redesign: 17th Street Market and 17th Street into a public square with open, flexible space to allow
the following: pedestrian connects, weekly pop-up markets, patio dining, events, etc. This includes
17th Street from East Main Street to East Franklin Street and ties into the new Franklin Street
connection (that will run under the train shed from 15th to 17th Streets) as well as connect to
the proposed baseball stadium.
Completion: Late 2016/early 2017
Total investment: $7.8 million
richmondgov.com
3
4
POWERS-TAYLOR BUILDING
5
SHOCKOE SLIP
13 SOUTH 13TH STREET
Historic rehab: Four-story brick buildings converted to Class A creative office space
for multiple tenants. This 28,000 SF space includes new building systems: the latest
HVAC technology, fitness center and onsite storage.
Completion: 2015
Total investment: $5 million
3
2323 EAST MAIN STREET
4
SHOCKOE BOTTOM
1800 BLOCK OF EAST CARY STREET
SHOCKOE BOTTOM
2323 EAST MAIN STREET
New construction: 130 high-end lofts, 250 covered parking spaces,
swimming pool, and electric vehicle charging stations.
Historic rehabilitation of the last large Tobacco Row building: 71
apartments (studios, one and two bedrooms); 5,400 SF of commercial,
off-street parking available on- and off-site; and landscaped courtyard
with pool, fitness center, clubhouse, and business center. Macfarlane
Partners and Property Results for Lorillard Building LLC.
Completion: 2014
Total investment: $22 million
loftsatcanalwalk.com
Completion: 2015
Total investment: $12 million
6
SHOCKOE BOTTOM
1500 EAST MAIN STREET
Renovation: Train shed, 65,000 SF of commercial space
including a tourism center and indoor market. Main Street
Station is the most recognizable building on I-95 between
Miami and New York; 65 million cars pass by each year.
Completion: late 2016/early 2017
Total investment: $46 million
capitalsquareholdings.com
LOFTS AT RIVER’S FALL
MAIN STREET STATION
SHED RENOVATION
richmondgov.com
7
EXCHANGE PLACE
7
SHOCKOE SLIP
1313 EAST MAIN STREET
Historic mixed-use: 65 apartments, gym, parking, and 25,000 SF of office/retail/restaurant space.
Completion: 2014
Total investment: $11 million
exchange-place.net
propertyresults.net
4 POWERED BY VENTURE RICHMOND
VENTURERICHMOND.COM 5
RIVERFRONT & CANAL WALK
3
1
VIRGINIA CAPITAL TRAIL
T. TYLER POTTERFIELD MEMORIAL
BRIDGE, AKA THE DAM WALK
1
RIVERFRONT / CANAL WALK
BROWN’S ISLAND
New construction: Fully-accessible bike and pedestrian crossing of the
James River from the April 1865 Exhibit and Bridge off Brown’s Island
across to Manchester. Elements include fully accessible paths, reconstructed dam walk bridge, public art, lighting, landscaping.
3
4
HILL BUILDING
4
RIVERFRONT / CANAL WALK
2803 DOCK STREET
RIVERFRONT / CANAL WALK
114 VIRGINIA STREET
The Virginia Capital Trail is a 53-mile-long, dedicated, paved pedestrian
and bicycle trail that will connect capitals of Jamestown and Richmond
along the Scenic Route 5 corridor. The final phase of the Downtown
Richmond portion of the trail is 1.6 miles and is expected to be completed
summer 2015.
Renovation: Historic, 3-floor building, 56 residential units and
1 commercial space.
Completion: 2014
Completion: September 2015
virginiacapitaltrail.org
Completion: 2016
Total investment: $9.5 million
5
richmondgov.com/PlanningAndDevelopmentReview/RiverfrontPlan.aspx
GATE 5 AT THE LOCKS
5
RIVERFRONT / CANAL WALK
1200 EAST BYRD STREET
2
TREDEGAR GREEN NATURAL
AMPHITHEATER
2
RIVERFRONT / CANAL WALK
BROWN'S ISLAND WAY AND TREDEGAR
STREETS
With a gift of more than 2 acres of vacant, unused
riverfront property from New Market Corporation,
Venture Richmond created a natural amphitheater
with landscaping, sod, electricity and irrigation;
resealed and landscaped Belle Isle parking lot;
and restored the Canal tow path to the historic
dimensions; and is working with VCU Environmental Studies on managing the wetlands
in the bottom of the Canal. The Amphitheater
opened as the main stage for the 2014 Richmond
Folk Festival.
6 POWERED BY VENTURE RICHMOND
New construction: Phase 2 of The Locks,
52 apartments, 2,853 SF commercial,
58 parking spaces.
Completion: 2015
Total investment: $12 million
lifeatthelocks.com
VENTURERICHMOND.COM 7
ARTS DISTRICT
1
QUIRK HOTEL AND GALLERY
1
2
YOUTH HOSTEL
2
3
THEATRE ROW
3
ARTS DISTRICT
201-207 WEST BROAD STREET
MONROE WARD
7 NORTH 2ND STREET
ARTS DISTRICT
115 WEST BROAD STREET
Historic rehab: Quirk Hotel, a new art, boutique
hotel, 75 rooms, 60- to 80- seat restaurant,
and valet parking accommodating 90 vehicles.
Amenities include courtyard, meeting/banquet
rooms, coffee bar, full service restaurant, fitness room, private dinning and a rooftop bar
(pending tax credit approval).
Renovation: 13,000 SF, 50 beds, large common room, kitchen, community room and an
apartment for a live-in hostel manager. A Hostel
International USA property.
Historic mixed-use: 21 residential units, 2,600
SF office/retail space, and 30 parking spaces.
Completion: 2015
Total investment: $24.5 million
Completion: 2015
Total investment: $2.1 million
5
Completed: 2014
Total investment: $3.1 million
theatrerow.com
hiusa.org/about-us/hiusa-news/coming-soonhi-richmond
Quirkhotel.com
ALTRIA THEATER
4
420 EAST GRACE STREET
ARTS DISTRICT
420 EAST GRACE STREET
Historic rehab: 6,700 SF, Julep’s on first floor and eight residential units on
second floor.
Completion: 2015
Total investment: $2.1 million
juleps.net
4
5
MONROE WARD
6 NORTH LAUREL STREET
Altria Theater, formerly known as The Mosque and Richmond’s Landmark Theater, was originally opened in 1927 and is the largest performing arts
theater between Atlanta and New York City. Recent renovation and restoration of the 180,000 SF theater included facility infrastructure improvements,
upgraded electrical systems, plumbing, HVAC, fire alarms, and fire suppression system. Patron-centered amenities now include new restrooms,
improved lighting, upgraded in-house sound and acoustics, two new patron elevators, 3,600+ refurbished seats with cushioned backs, and two new
digital marquees. Performer-oriented improvements include refurbished dressing rooms, tour management office, new crew room with a kitchenette,
new stage floor, new curtain, wardrobe area with laundry room, and more than 50 set lines, which will allow complex scenery and set pieces to be
moved more efficiently. Historic preservation of the building’s façade, floors and fountain in the building’s lobby and the ballroom located on the basement floor.
Completed: 2014
Total investment: $63 million
altriatheater.com
8 POWERED BY VENTURE RICHMOND
VENTURERICHMOND.COM 9
ARTS DISTRICT
6
THE EDISON
6
CONTINUED
7
207 NORTH 3RD STREET
7
8
409 EAST GRACE STREET
8
ARTS DISTRICT
700 EAST FRANKLIN STREET
ARTS DISTRICT
207 NORTH 3RD STREET
ARTS DISTRICT
409 EAST MAIN STREET
Adaptive re-use: Converting old Virginia Power
Building Tower from offices to apartments
with ground-level retail. 174 luxury apartments,
30,000 SF commercial space, 350 parking
spaces. Amenities include clubhouse, fitness
center, yoga room, movie theater, and on-site
leasing office. Genesis Properties, Inc. and
Armada Hoffler.
Historic rehabilitation and façade improvement:
first floor commercial space with seven apartments
above the store. Participated in the City’s façade
improvement program.
Rehab: Class A commercial space for Dodson
Property Management, Gather, Urban Core,
and others. 23,183 SF and 16 parking spaces.
Completion: 2014
Completion: 2014
Total investment: $2.2 million
gatherrva.com
105 EAST GRACE STREET
10
Completion: 2014
Total investment: $30 million
ARTS DISTRICT
105 EAST GRACE STREET
theedisonapartments.com
Renovation: 7,500 SF, offices located on first floor with five
apartments on the second floor. New home for 93 Octane
on first floor.
9
11
10
CENTRAL NATIONAL
BANK BUILDING
9
ARTS DISTRICT
219 EAST BROAD STREET
Historic rehab: 23-story of this 23-story tower
and four-story annex into 200 apartments.
Completion: 2015
Total investment: $28 million
douglasdevelopment.com
Completion: 2015
Total investment: $1 million+
93-octane.com
THE VALENTINE RICHMOND HISTORY CENTER
11
ARTS DISTRICT/COURT END
1015 EAST CLAY STREET
Renovation: 16,200 SF, new comprehensive exhibition on the history of Richmond,
new changing exhibition space to explore community issues, dedicated galleries
for the Costume and Textile Collection, renovated restrooms, updated special event
space, new gift shop and lobby area, updated education center. The new galleries
have clear sight lines with views into the 1812 John Wickham House and Valentine
Garden, the Edward V. Valentine Sculpture Studio, and onto Clay Street.
Completion: 2014
Total investment: $4.1 million
richmondhistorycenter.com/renovations
10 POWERED BY VENTURE RICHMOND
VENTURERICHMOND.COM 11
MANCHESTER
JACKSON WARD
1
2
1
THE TERRACES
AT MANCHESTER
1
MANCHESTER
800 SEMMES AVENUE
New construction: 10-story building, 148 residential units, and 167
parking spaces. Amenities include
large clubhouse and fitness center,
large plaza with gas grills, gas
fireplace, pool, and top-floor sky
lounge with spectacular city views.
Completion: 2015
Total investment: $28 million
RVATerraces.com
3
2
HDL, INC. EXPANSION
2
JACKSON WARD
737 NORTH 5TH STREET
THE BLACK HISTORY MUSEUM AND CULTURAL CENTER
1200 SEMMES AVENUE
MANCHESTER
1200 SEMMES AVENUE
2
HATCHER TOBACCO FLATS,
101 WEST COMMERCE
Adaptive reuse and expansion: Historic Leigh Street Armory Building. 20,000 SF of exhibition and
community gathering space. New construction: Health Diagnostic Laboratory,
Inc. expansion. Phase 1: 112,000 SF, constructed on the former Biotech Three site, connects
to Biotech Eight and completed in 2013. Phase 2:
100,000 SF, six-story building constructed on the
existing Biotech Five site.
Completion: 2015
Total investment: $8.5 million
Completion: 2014
Total investment: $50 million
Completion: 2014
Total investment: $14 million
Completion: 2015
Total investment: $19 million
blackhistorymuseum.org
vabiotech.com
1200semmes.com
fountainheadrva.com
1
ARTS DISTRICT/JACKSON WARD
122 WEST LEIGH STREET
12 POWERED BY VENTURE RICHMOND
New construction: 123 apartments, 6,000 SF flex space (retail, restaurant or office) and 129 parking spaces. Amenities include a fitness
center and a sprawling rooftop deck with grill stations, dog walk and
elevator access.
3
MANCHESTER
151 WEST COMMERCE ROAD
New construction: 152 apartments, 1,500 SF commercial and 167 parking
spaces. Amenities include fitness center, covered parking, and on-site leasing and management office.
VENTURERICHMOND.COM 13
MANCHESTER
CONTINUED
4
5
8
9
REYNOLDS SOUTH
PACKAGING PLANT APARTMENTS
9
MANCHESTER
411 BAINBRIDGE STREET
Historic rehab: 248 apartments, 275 parking
spaces, 20,000 SF office/retail.
Completion: 2015
Total investment: $36 million
thalhimer.com
PORT RVA
4
BELLE SUMMIT APARTMENTS
MANCHESTER
500 HULL STREET
MANCHESTER
COWARDIN & SPRINGHILL STREETS
New construction: 102 “micro” apartments, 2,900 SF commercial,
108 parking spaces.
New construction: 50 low-income units, including universal-designed,
handicap-accessible units, 54 parking spaces, community center,
fitness center and on-site management.
Completion: 2015
Total investment: Over $9.5 million+
5
10
Completion: 2014
Total investment: $8.8 million
propertyresults.net
MANCHESTER DUPLEXES
hammond-development.com
6
7
MANCHESTER
925, 1318, AND 1325 PORTER STREET
New construction of duplexes: Two units per duplex. The first floor unit features two bedrooms
and two bathrooms with an open kitchen and
living area and a large outdoor patio. The second
floor unit features three bedrooms and three
baths with an additional living space and rooftop
deck on the third level.
Completion: 2014
Total investment: $1.08 million
monroeproperties.com
SOUTH CANAL LOFTS
6
MILLER LOFTS AT PLANT ZERO
7
MANCHESTER
111 HULL STREET
MANCHESTER
500 STOCKTON STREET
Historic rehab: Converting former Caraustar Paper Mill into 93 apartments.
Amenities include pool, green space, clubroom, and fitness center.
Historic rehabilitation of Miller Manufacturing: 197 affordable-rate apartments, rooftop deck, pool, courtyard, clubroom, fitness center, and 200
parking spaces.
Completion: 2015
Total investment: $15 million
fountainheadrva.com
Completion: 2015
Total investment: $34 million
fountainheadproperties.net
14 POWERED BY VENTURE RICHMOND
8
908 PERRY STREET
10
MANCHESTER
908 PERRY STREET
New construction: 41 apartments, 41 parking spaces. Amenities include a clubhouse, gym and
outdoor patio featuring a gas fire pit and gas grills.
Completion: 2014
Total investment: $5.2 million
robinmillerassociates.com
monroeproperties.com
11
601 STOCKTON @ PLANT ZERO
11
MANCHESTER
601 STOCKTON STREET
Historic rehab: 12 apartments, 25 parking spaces. Amenities include access to pool, clubroom, and fitness center.
Completion: 2015
Total investment: $1.75 million
fountainheadrva.com
plusmgt.com
VENTURERICHMOND.COM 15
FINANCIAL DISTRICT
1
GATEWAY PLAZA
ROCKETTS LANDING
1
1
FINANCIAL DISTRICT
800 EAST CANAL STREET
RIVERBANK
TERRACES
TOWNHOUSES
1
ROCKETTS LANDING
1, 3, 5 AND 7 BANKSIDE MEWS
New construction: 19-story, steel and glass, state-of-the-art
downtown office building, LEED Gold certified to be the
headquarters for McGuireWoods law firm and CCA Industries,
309,00 SF office space, 14,400 SF retail/restaurant space
on the first floor, and 510 garage parking spaces. Amenities
include a mosaic art and sculpture by world-renowned artists
Robert Stackhouse and Carol Mickett, museum-quality
lobby, common areas, outdoor plazas, and public spaces.
New construction: four townhomes
with more than 4,000 SF living
space, two-car garages, rooftop
decks and porches. Sold between
$1.1 million and $1.8 million.
Completion: 2014
Total investment: $5 million
Completion: 2015
Total investment: $124 million
rockettsvillage.com
See a video on the project at https://vimeo.com/89515063
gatewayplazarichmond.com
HAMPTON INN & SUITES
& HOMEWOOD SUITES
2
2
FINANCIAL DISTRICT
700 EAST MAIN STREET
Historic rehab: 182,000 SF into office building two Hilton
hotels (Hampton Inn & Suites and Homewood): 244 rooms,
5,000 SF restaurant and 2,000 SF coffee shop.
HHHUNT
TOWNHOMES
Completion: 2015
2
2
ROCKETTS LANDING
4939, 41, 43, 45, 47, 49, 51, 53, 55
OLD MAIN STREET
4830, 32 OLD MAIN STREET
100, 102, 104, 106 ROCKETTS WAY
shaminhotels.com
3
8TH AND MAIN STREETS
3
FINANCIAL DISTRICT
800 EAST MAIN STREET
Historic mixed-use: 196 residential units, 7,000 SF office/retail,
220 parking spaces, gym, rooftop pool, and community area.
New construction: 15 townhomes,
2,100 SF each, double garage, with
roof decks and balconies. Average
sale price $350,000.
Completion: 2014
Total investment: $5.2 million
hhhunthomes.com
Completion: 2015
Total investment: $32 million
16 POWERED BY VENTURE RICHMOND
VENTURERICHMOND.COM 17
VCU
1
VCU INSTITUTE FOR CONTEMPORARY ART
1
MARSHALL PRACTICE FACILITY
MONROE PARK CAMPUS
1300 W. MARSHALL STREET
New construction: 32,000 SF gallery space, outdoor installation space, a 250-seat auditorium,
gift shop, café, executive office space, and entry hall appropriate for exhibitions, installations and
social events. Project is designed by internationally renowned architect Steven Holl. New construction: 60,000 SF, state-of-the art
basketball practice facility with courts and
viewing decks for both the men’s and women’s
basketball programs, locker rooms, strength
and conditioning center, training room
with hydrotherapy room and video viewing rooms. ica.vcu.edu
Completion: Fall 2015
Total investment: $25 million
3
6
THE SQUARE APARTMENTS
New construction: 10 stories and 152 residential
units, rooftop deck, 65 garage parking spaces,
3,522 SF commercial.
vcu.edu
4
5
MONROE PARK CAMPUS
406 NORTH SHAFER STREET
Completion: 2014
Total investment: $26 million
vcu.edu
GRACE HARRISON RYLAND AND
BROAD STUDENT HOUSING
6
New construction: Two, five-story, mixed-use
buildings, totaling approximately 173,146 SF.
The housing/residential component includes
upper-class housing with 411 beds, primarily
in four-bedroom apartments. The first floor of
each building includes a lobby, administrative/
faculty offices and Living/Learning academic
space focused on “leadership,” “innovation,” and
“entrepreneurship.” LEED Silver certified student
housing apartment facilities (design/build).
VCU REAL ESTATE FOUNDATION GRACE STREET
OFFICE / CLASSROOM BUILDING
3
MONROE PARK CAMPUS
912 WEST GRACE STREET
MONROE PARK CAMPUS
901 PARK AVENUE
New construction: 78,000 SF office building with ground floor commercial retail space and classrooms.
Addition and renovation: Cabell Library, 93,000
SF of new space, 63,000 SF of renovation.
Completion: February 2015
Total investment: $15.2 million
Completion: 2015
Total investment: $50.8 million
vcu.edu
library.vcu.edu
18 POWERED BY VENTURE RICHMOND
7
Historic rehab: 26,500 SF for VCU School of
the Arts. The project serves as an interdisciplinary hub for students and faculty who
collaborate across departmental units; e.g.
sculpture, fashion design, painting, and graphic
design. VCU’s “Creative Entrepreneurship” and
“CoLab” internship programs, as well as the
student-run gallery are housed in The Depot.
Completion: 2014
Total investment: $8 million
vcu.edu
8
4
THE DEPOT
MONROE PARK CAMPUS
814 WEST BROAD ST.
MONROE PARK CAMPUS
500 NORTH HARRISON STREET
Completion: 2015
Total investment: $36 million
VCU CABELL LIBRARY
INFORMATION COMMONS
7
2
MONROE PARK CAMPUS
WEST BROAD AND BELVIDERE STREETS
Completion: 2016
Total investment: $35 million
5
2
VCU CHILDREN’S HOSPITAL
8
CHILDREN'S PAVILION
CHILDREN'S HOSPITAL OF RICHMOND AT VCU
VCU MEDICAL CENTER
1001 EAST MARSHALL STREET
New construction: Consolidates VCU’s
pediatric outpatient services, 640,000 SF,
600 parking spaces.
Completion: 2016
Total investment: $168 million
chrichmond.org
VENTURERICHMOND.COM 19
TODAY, WE’RE LIVING
IN THE CREATIVE AGE.
An age where success is determined not by
physical assets but by intellectual capital—by
ability to challenge conventional wisdom, envision never-before-seen possibilities, and bring
them to life.
Just as creativity is the fuel for individual
achievement, it is also the key ingredient for
a successful city.
Today’s creative city attracts innovative people
and businesses with new experiences and ideas
in every aspect of personal and professional life.
It is Richmond.
It is RVA.
RVA has a commitment to challenging convention,
a rich history of ideas and an environment that
helps make them happen.
RVA has an authentic history of innovation and
creativity. This is the city where Thomas Jefferson
wrote a statute guaranteeing religious freedom.
A timeless, transformational idea.
Today, the Monument to Religious Freedom and
a First Freedom Exhibition Space are located at
14th and Cary Streets in historic Shockoe Slip.
PRODUCED BY: