Story From: Virginia Business
The project, which promotes economic development and environmental sustainability, is expected to have a total of 2,300 residential units, two 300-room hotels, 2.2 million square feet of office space and 280,000 square feet of retail by buildout in 2033. Protected trails and an interlinking series of parks also are part of the mix.
The proposed site — the 204-acre property that includes the former headquarters of Best Products Inc. in western Henrico — does not currently produce tax revenue for the county.
Developing GreenCity are two familiar names: Susan Eastridge, CEO and president of Fairfax-based Concord Eastridge Inc., and Michael Hallmark, founder of Los Angeles-based Future Cities LLC. Both were master developers of the $1.5 billion Navy Hill project rejected by Richmond City Council last year.