>>Richmond Sells 18 Acres for $11.4M for Diamond District Redevelopment
(Richmond, VA) -- The City of Richmond has sold an 18-acre plot of land as part of the Diamond District redevelopment project.Preview: Voicer Script:
The plot, known as "Phase 1A," will include public infrastructure and private development, including a hotel, housing units, and commercial space. WRIC reports future phases will add more housing units and commercial space. The land was sold for $11.4 million, with additional payments to reimburse costs. Construction on CarMax Park, the future home of the Richmond Flying Squirrels, is underway and expected to open in 2026.