Breeden Construction is part of the Thalhimer-led team as the City of Richmond's pick for Diamond District project
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.
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Nationally recognized, with over 60 years of expertise in every facet of the industry, The Breeden Company is a vertically integrated real estate development organization that boasts market-leading divisions including commercial real estate, multifamily property management and construction. With a portfolio of over 20,000 apartments and 2 million square feet of retail and office space that have been owned, managed and developed, The Breeden Company is one of the premier real estate development firms in the nation. Breeden Realty is one of the top commercial real estate firms in Virginia (Virginia Business, 2021); Breeden Property Management is one of the top multifamily property management firms in the country (Multi-Housing News, 2021); Breeden Construction, the much-acclaimed multifamily general contractor for numerous third-party clients, is one of the top multifamily builders in the country (Multi-Housing News, 2020).
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