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WATCH NOW: Proposed $2.3 billion GreenCity arena-anchored mixed-use development is in the works for Henrico | Business News - Henrico Warriors
WATCH NOW: Proposed $2.3 billion GreenCity arena-anchored mixed-use development is in the works for Henrico | Business News
GreenCity’s construction is slated to take more than a decade to complete, starting in 2022 and wrapping up in 2033.
Design work on the sports and concert arena would begin next year, and construction is slated to be completed in 2025. Parts of the core residential and office part of the project, known as the Village Center, would start to come online in 2025.
The development would have over 2,000 residential units, including apartments, town homes, single-family homes, senior apartments and villas.
Plans also call for two full-service hotels, including an initial 300-room hotel and conference center, as well as 140,000 square feet of retail space, 92,000 square feet for restaurants and 30,000 square feet of conference center space.
Developers hope people would not only work in the development’s offices but also live, eat and play within the GreenCity district.
The GreenCity property is a prime location for economic development, said R. Joseph “Joe” Emerson Jr., Henrico’s planning director.
“The site has always been a special site,” Emerson said.
He said he’s excited about the prospects of putting a sports and concert arena on the property, adding that the Richmond region is in need of such a venue.
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