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News | 1 min read

City trims Diamond District finalist field to two

August 5, 2022

Diamond District

And then there were two.

The City of Richmond announced Friday it has narrowed its finalist field for the Diamond District project from three development teams to two.

The two remaining teams are: Richmond Community Development Partners, led by Machete Group, JMA Ventures and Tryline Capital; and RVA Diamond Partners, led by Republic Properties Corp., Thalhimer Realty Partners and Loop Capital.

Eliminated from contention is Vision300 Partners, led by Freehold Capital Management with members including Brookfield Properties and Hourigan.

A release from the city states the cut was based on the project’s evaluation criteria. It does not specify which criteria the Vision300 Partners team did not meet.

The release states that the project’s evaluation panel continues negotiations with the two remaining teams. In an update to the City Council last week, administrators remained noncommittal on a timeline for a selection and announcement.

Read the full story here.