Breeden Construction
September 12, 2022

Breeden Construction is part of the Thalhimer-led team as the City of Richmond's pick for Diamond District project

For Immediate Release: 09.12.22

The City of Richmond has made its pick in its months-long search for a development team to guide its Diamond District redevelopment.

The city announced Monday it is going with RVA Diamond Partners, led by D.C.-based Republic Properties Corp., Richmond-based developer Thalhimer Realty Partners (TRP) and Chicago-based investment bank Loop Capital. Breeden Construction will serve as part of the general contracting team - focusing on the multifamily portion of the project.

The group was picked over Richmond Community Development Partners, led by Houston-based Machete Group, JMA Ventures out of San Francisco and New York-based Tryline Capital.

The selection tees up the long-anticipated development of the 67-acre, largely city-owned site that includes The Diamond, which is to be replaced with a new 10,000-capacity stadium. The rest of the land would be filled with a mix of office, residential and retail development, including a hotel and infrastructure upgrades.

It also draws to a close a nearly yearlong process that narrowed a field of prospective teams from 15 to two. Last month, the project’s evaluation panel eliminated a third finalist, Vision300 Partners, led by Boston-based Freehold Capital Management with members including Brookfield Properties and Hourigan.

To read the entire article, click here.

Richmond Office - Corporate Office
1700 Bayberry Court, Suite 200, 
Richmond, VA 23226
Virginia Beach Office
560 Lynnhaven Parkway,
Virginia Beach, VA 23452
Charlottesville Office
944 Glenwood Station Lane, Suite 302, Charlottesville, VA 22901
Visit Our Parent Company
Copyright © 2024 The Breeden Company