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News | 4 min read
Midtown64, new $500+ million mixed-use development, breaks ground
December 22, 2025
46-acre project to feature retail, residential, hotel and office space
Baltimore, Md. (Dec. 16, 2025) – Greenberg Gibbons, one of the East Coast’s premier developers, broke ground today on Midtown64 – a $500+ million, 46-acre mixed-use destination in Henrico County, located just outside of downtown Richmond, Va., on the former Genworth Financial headquarters campus. Hospitality industry leader Shamin Hotels is a joint-venture partner in the project.
With a landmark location at the intersection of West Broad Street and Interstate 64, the two-million-square-foot, mixed-use development will include up to 130,000 square feet of upscale retail, restaurant, and entertainment space and will be anchored by a premier grocery store and new-to-market fitness concept. Midtown64 will also feature up to 300,000 square feet of Class A office space, a residential community with nearly 1,000 apartments, 194 townhomes built by leading homebuilder Lennar, and a 226-room dual-branded hotel, including Tempo by Hilton, one of the company’s newest exclusive lifestyle brands.
“Breaking ground on Midtown64 is an exciting milestone that brings to life our vision to create a first-class, mixed-use destination to serve Henrico County and the greater Richmond region,” said Eric Walter, President of Greenberg Gibbons. “We look forward to our continued partnership with the local community to deliver a vibrant, standout project for all to enjoy.”
“The significant investment by Greenberg Gibbons and Shamin Hotels in the Midtown64 development is set to transform this corridor of West Broad Street into a dynamic, premier destination, combining residential, office, retail, and hospitality,” said Henrico County Board of Supervisors Chair and Brookland District Supervisor Daniel J. Schmitt. “Midtown64 will energize the area, generate opportunities for businesses and residents, and showcase Henrico’s vision for a vibrant, inclusive community where growth and opportunity thrive.”
Greenberg Gibbons is known for its thoughtfully designed destinations that encourage social gathering and connection. Midtown64 will feature contemporary architecture, landscaped plazas, and convenient parking within a walkable, welcoming environment. Residents, professionals, and visitors alike will experience a true live-work-play-shop destination, featuring quality retail, inviting gathering spaces, and a lively atmosphere that adds new energy to the greater Richmond area.
“Midtown64 builds on our track record of revitalizing properties into thriving mixed-use destinations, while marking an exciting expansion of our portfolio in Virginia,” said Brian Gibbons, Chairman and CEO of Greenberg Gibbons. “This project reflects our continued commitment to creating engaging destinations across the East Coast that bring people together.”
“We’re excited to partner with Greenberg Gibbons on another first-class project,” said Neil Amin, CEO of Shamin Hotels, a Virginia-based company that is the largest hotel owner and operator throughout the state. “Having our hotel within this dynamic destination will be very attractive to both business and leisure travelers in the area.”
Over the coming months, Greenberg Gibbons will continue to share updates on the development with the community. Construction will begin immediately and proceed in phases. The first phase will include retail, 130,000 square feet of Class A office space, multifamily residences, for-sale townhomes, and a dual-branded hotel. This phase is expected to be completed in 2028 with subsequent phases including additional office, retail, multifamily, and a hotel.
About Greenberg Gibbons
Celebrating 57 years of success, Greenberg Gibbons is one of the East Coast’s premier developers, investors, owners, and operators of mixed-use, retail, commercial, and residential properties. The firm’s rapidly expanding portfolio includes more than 6.7 million square feet and $1.6 billion in assets. Its innovative ground-up development and revitalization projects create engaging destinations and inspiring experiences, while making a positive ripple effect in the communities they serve. Headquartered in Baltimore, Greenberg Gibbons has more than 55 projects across eight states.
About Shamin Hotels
Founded in 1979, Shamin Hotels is an award-winning hospitality company with over 10,000 rooms in 70+ properties. It is recognized as the largest hotel owner and operator throughout Virginia, as well as one of the top ten hotel owners in the country. Deeply rooted at the forefront of the hospitality industry, Shamin Hotels has assembled a portfolio that spans multiple renowned brands, reflecting its commitment to developing experiential accommodations across many market segments while providing extraordinary experiences for a wide range of guests as well as growth opportunities for its associates.
- Topics:
- Corporate Services
- Henrico County
