City picks Diamond District developer
Following months of discussion, the city of Richmond has selected a team to oversee the development of the Diamond District, an area adjacent to Scott’s Addition.
RVA Diamond Partners — an organization made up of Washington D.C.’s Republic Properties Corp., Richmond’s Thalhimer Realty Partners and Chicago investors Loop Capital — were selected from a field cut to two in early August, according to Richmond BizSense.
Fifteen submissions initially were made.
According to the city’s request for interest, the project “will include demolishing the existing baseball stadium and constructing a new baseball stadium just south of the existing baseball stadium along North Arthur Ashe Boulevard that could integrate other retail, residential or commercial uses wrapped around all or a portion of the stadium.”
The City Council must approve the final plan before the project can move forward.
The Flying Squirrels' new stadium needs to be completed for the 2025 season to comply with guidelines set by Major League Baseball.