City Council unanimously approves sale of the Public Safety Building
The city is selling the three-acre property to Capital City Partners, LLC for $3,520,456 who will then redevelop the site into a $325 million mixed-use project anchored by VCU Health System, The Doorways, and Ronald McDonald House Charities.
Richmond City Council approved three Ordinances introduced by the Stoney Administration for the sale and redevelopment of the site of the of the existing Public Safety Building. The city is selling the three-acre property to Capital City Partners, LLC for $3,520,456 who will then redevelop the site into a $325 million mixed-use project anchored by VCU Health System, The Doorways, and Ronald McDonald House Charities.
The negotiated sales price takes into account the developer’s responsibility to demolish the existing building and build public infrastructure that includes reconstructing Clay Street between 9th and 10th Streets.
“The sale and redevelopment of the Public Safety Building site is a critical first step to improving downtown,” said Mayor Levar Stoney. “My Administration was glad to work with City Council and Capital City Partners, LLC to create this great win for Richmond.
The project will aid minority businesses, create child care slots for Richmond families, fund scholarships for graduates of Richmond Public Schools, and generate nearly $56 million in new revenue for the city’s General Fund over the first 25 years. We can, and we will, continue to grow Richmond by redeveloping underutilized city-owned property.”
“For many years the city has needed to find a better use for the Public Safety Building site. I am glad that City Council has approved this important project that moves the city forward in redeveloping our Downtown, benefits our community, and strengthens healthcare in the city and region,” said Councilmember Ellen Robertson.
“We want to thank Mayor Stoney and Richmond City Council for supporting the sale of this property and allowing this important development to go forward. Too often real estate transactions are thought of only in terms of investment and economics, but not in the lives they improve. This project will help improve the lives of thousands of families in crises and will further Richmond’s reputation as an important healthcare capital,” said Capital City Partners’ Susan Eastridge and Michael Hallmark.
“VCU and VCU Health are strongly committed to the redevelopment of this area. The Public Safety Building Project, along with the current construction of our new children’s inpatient hospital and Adult Outpatient Pavilion, will play a critical role in supporting a thriving urban center,” said Michael Rao, president of VCU and VCU Health System.
“We are pleased that the City has chosen to move forward with the sale of the Public Safety Building to Capital City Partners, LLC. This announcement marks the beginning of a long-awaited initiative to breathe fresh life into this section of the city, while providing a much needed new home for The Doorways to lodge the thousands of families who depend on our services to access their medical care. This announcement is truly a win-win for the Doorways and the entire Richmond community,” said Stacy Brinkley, President and CEO of The Doorways.
“As specialty pediatric care grows in the Richmond region, so does the need to support the whole family. A new, fully-accessible Ronald McDonald House provides more capacity to help families whose sick and injured children are receiving care at all pediatric hospitals throughout the Richmond region as well as families whose children are the most vulnerable and medically complex being cared for at Children’s Hospital of Richmond at VCU. This project is a game changer for pediatric healthcare,” said Kerry Blumberg, executive director of Ronald McDonald House Charities of Richmond.
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Former O’Charley’s to Become Hook & Reel
We didn’t see an expected open date when we poked around but will update when we hear more.
According to their website, Hook & Reel is getting ready for a new restaurant located at 7131 Forest Hill Avenue. The site was previously the O’Charley’s which closed last year. Shoutout to Steve S. who posted about this on the Forest Hill Neighborhood group on FB.
Hook & Reel is a national chain currently having a growth spurt. There are currently two operating in Virginia. One is located in Norfolk and the other in Falls Church.
Launched in Lanham, Maryland in 2013 by Tony Wang, Hook & Reel is hooking in franchisees faster than a fisherman can haul in shrimp. It currently has 23 locations—all franchised, but by the end of March, it will proliferate to 28 locations.
It specializes in Cajun/Creole seafood, so the food is spicy and tangy and catching on with a variety of customers.
Its ownership vows that it will add 40 to 50 locations by the end of 2020. In this year alone, it has already debuted three new outlets in Philadelphia, the Bronx and Denver.
Snapshot from their website gives you an idea of what to expect and you can dive into their online menu here but that doesn’t list prices. To get a better idea of cost checkout this menu from their Athens, GA, location.