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News | 1 min read

Developers propose $450m mixed-use development near Henrico-Richmond line

December 1, 2023

Mixed-use development

The Henrico Planning Commission Nov. 9 endorsed plans for a massive $450-million redevelopment project near the Henrico-Richmond line that eventually could include as many as 700 apartments and/or condos, a hotel, 30,000 square feet of retail space, and almost 140,000 square feet of offices.

The proposal, from Kinsale Capital Group and Marchetti Development, involves about 29 acres of land at the intersection of West Broad Street and Staples Mill Road, which most recently housed the Anthem, Inc. headquarters.

Development is proposed in phases, with the hotel and a mixed-use building on the southwest portion of the site planned first, followed by a residential building on the northeast corner where Maywill and Thalbro streets intersect. The third phase would include more offices along Thalbro Street to its intersection with Staples Mill Road, followed by a fourth phase that would include another office building at the intersection of Staples Mill and West Broad and another mixed-use building facing Staples Mill.

Read the full story here.