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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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Henrico County positions Best Products site for GreenCity deal


Henrico County positions Best Products site for GreenCity deal
Images courtesy of GreenCity LLC)
With a pair of procedural approvals, Henrico County has taken its first step down the proverbial yellow brick road to GreenCity.
As they said they would do when they announced the $2.3 billion arena-anchored development in December, Henrico supervisors last week approved a transfer of the county-owned Best Products site to Henrico’s economic development authority, which will negotiate a sale of the 92-acre site to developer GreenCity LLC.
The EDA board voted two days later to accept the transfer, directing Executive Director Anthony Romanello to proceed with a memorandum of agreement for disposition of the property. The EDA would then begin negotiations, though the county has already said its preferred sale price: $6.2 million, the amount it paid for the property in 2011. ....

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