>>Richmond EDA Transfers Parcel To Diamond District Partners
(Richmond, VA) -- A Richmond project can move forward after what the city calls a crucial real estate transaction. Richard Stelling reports.Preview: Voicer Script:
The city announced yesterday the 18-acre Phase One-A parcel has been sold and transferred to Diamond District Partners, LLC. Twelve of the 18 acres will become a private development that'll include a hotel, workforce housing, market-rate housing and commercial space. The city says this is an important first step in bringing to life a large, sustainable mixed-use development to one of Richmond's budding neighborhoods. Mayor Danny Avula calls this a major milestone in the redevelopment of the Diamond District.