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Stoney to introduce ordinances to redevelop public safety building

Stoney to introduce ordinances to redevelop public safety building
Mayor Levar Stoney (Source: NBC12)
By NBC12 Newsroom | February 8, 2021 at 7:21 PM EST - Updated February 8 at 7:21 PM
RICHMOND, Va. (WWBT) - Mayor Levar Stoney and his administration will introduce ordinances and legal documents for the sale and redevelopment of the public safety building in Richmond.
According to a release, the city received an unsolicited offer from Capital City Partners, LLC for the building in May of last year.
“City Council declared the property to be surplus real estate on June 22, 2020, and city officials recommended that the city negotiate with Capital City Partners, LLC on its unsolicited offer to purchase and redevelop the property. A purchase price of $3,520,456 was negotiated between the city and developer. As part of the negotiated agreement, Capital City Partners, LLC is responsible for the demolition of the Public Safety Building and construction o ....

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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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