Richmond, VA · Updated weekly
Richmond deal & development tracker
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October 2026
DevelopmentMultifamilyRichmond
Historic Housing wins RFP for city-owned Shockoe Bottom lot
212 N. 18th St, Shockoe Bottom
Proposed 190-unit, eight-story apartment project (Seabrook) on a 1-acre former parking lot, estimated $40M–$45M and privately financed; the ordinance has yet to go to council and construction could start in August 2027.
Richmond BizSense — Local developer Historic Housing wins RFP to build $40M apartment project on city-owned lot in Shockoe Bottom
September 2026
SaleOfficeRichmond
Turning Basin Building sells downtown
111 Virginia St, CBD
88,905 SF for $8.5M (about $95/SF); Jewell Capital sold to SNP Properties.
Cushman & Wakefield | Thalhimer, Office MarketBeat Q3 2026LeaseOfficeRichmond
VCU Health System Authority renews 33,020 SF at Jackson Center
501 N 2nd St, North Broad
Renewal; the largest office lease C&W lists for Q3.
Cushman & Wakefield | Thalhimer, Office MarketBeat Q3 2026
August 2026
Zoning & policyMixed-useRichmond
Richmond releases third draft of Code Refresh zoning rewrite
Citywide
Draft #3 of the first full zoning rewrite since 1976; not yet adopted, council vote not scheduled.
Richmond BizSense — Richmond rolls out third draft of Code Refresh zoning rewrite
July 2026
DevelopmentMultifamilyRichmond
Diamond District breaks ground on Dōma apartments
The Diamond, beside CarMax Park
276 units with about 4,000 SF of street-level commercial space; targets early 2028.
Richmond BizSense — Diamond District developer breaks ground on apartments beside CarMax Park
June 2026
SaleMultifamilyRichmond
The Edison Apartments sell
Capitol District
174 units for $28M (about $161K/unit).
Cushman & Wakefield | Thalhimer, Multifamily MarketBeat Q2 2026SaleMultifamilyRichmond
Soda Flats sells
Scott’s Addition
89 units for $17M (about $191K/unit).
Cushman & Wakefield | Thalhimer, Multifamily MarketBeat Q2 2026
May 2026
DevelopmentMixed-useRichmond
Diamond District sets first phase
The Diamond
Phase 1 includes the 276-unit Dōma, a six-story office building, a 20,000 SF retail building, and a 180-room hotel.
Richmond BizSense — Diamond District developer to break ground on first building beside CarMax Park
February 2026
SaleOfficeRichmond
Highwoods sells its last Stony Point-area office buildings
Stony Point area
Reported sale price of $42M.
Richmond BizSense — Highwoods sells last of its Stony Point-area office buildings for $42M