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City Council OKs $325M development to replace Public Safety Building

City Council OKs $325M development to replace Public Safety Building
BizSense file images)
Nearly a year to the day that a majority of its members voted down the controversial Navy Hill plan, a unanimous Richmond City Council on Monday approved a portion of the project that was decidedly uncontroversial by comparison.
In a specially called meeting, councilmembers adopted three ordinances authorizing the sale of the city’s Public Safety Building property and adopting a development agreement with Capital City Partners, which is planning a 20-story, VCU Health-anchored tower and mixed-use office complex on the bulk of the 3-acre property at 500 N. 10th St. ....

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City reaches deal for redevelopment of Public Safety Building site

City reaches deal for redevelopment of Public Safety Building site
Images courtesy of Capital City Partners)
Months of negotiations have reached a proposed deal for a multimillion-dollar redevelopment of Richmond’s city-owned Public Safety Building property.
Ordinances and legal documents reflecting the negotiated deal between the city administration and developer Capital City Partners were formally introduced to the City Council at its meeting Monday evening. The deal will be reviewed in committee and brought back to the council for consideration at a future meeting.
Capital City Partners, consisting of the development team that designed the former Navy Hill plan, has proposed a 20-story, VCU Health-anchored tower and mixed-use office complex that would fill the bulk of the 3-acre property at 500 N. 10th St. ....

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