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CoStar strikes a deal with Navy Hill developers

Posted at 11:31 AM, Jan 13, 2020
and last updated 2020-01-13 11:31:56-05

RICHMOND, Va. — Should the Navy Hill development come to fruition, its backers have at least one large office tenant lined up for the project.

Mayor Levar Stoney announced at a press conference Monday that commercial real estate firm and major Richmond employer CoStar Group has struck an agreement with the Navy Hill developers to occupy a 400,000-square-foot office tower within the project.

The tower would stand next to the proposed arena, which would anchor Navy Hill and replace the shuttered Richmond Coliseum.

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