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City unveils development proposals for Shockoe, Boulevard

10/27/2008 6:23 PM by

Today the City Administration unveiled the result of a nearly year-long procurement process to develop two large tracts within the City at North Boulevard and Main Street Station.

The Main Street proposal includes a major economic development “town center” project with a possible solution for a new ballpark.

City Chief Financial Officer Harry Black said, “This is a vision of where the City can go. It is a chance to build two enormous economic engines that will generate new revenues and help power our City to better things.

“It is a vision of what is possible with careful planning, an engaged and informed public, and local ownership. It is a shared vision to make the City better and deliver on our potential. This has been a vision created not by rushed speculation, but by careful and deliberative procedure.”

Black, along with City Economic Development Director Carthan Currin and Highwoods Properties executive Paul Kreckman unveiled the plans calling for a $420 million mixed-use retail, commercial and residential development at the 67-acre Boulevard site.

Black said all of the proposals submitted by developers interested in the Boulevard project had suggested that baseball was not an economically viable solution for the property and suggested it be located elsewhere.

The Main Street Station proposal calls for a $363 million high-density, mixed-use, transit-oriented development that includes office space, two hotels, apartments and condominiums, retail, and a proposal for a ballpark, as well as protecting the cultural and historic importance of the area honoring the Slave Trail.

The Main Street Station area has received $394 million in federal, state and City investment in infrastructure in recent years to help address stormwater issues and position Main Street Station as the State’s rail hub and future home for high-speed rail.

You can view renderings of the proposal and other documents at the following web address: www.RichmondsMayor.com


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