RICHMOND, Va. -- VPM has taken another step forward with its plans to relocate to downtown Richmond.
The public media nonprofit recently bought for $4.2 million a 0.7-acre parcel at 13-17 E. Broad St., where the organization intends to build its future headquarters.
The deal follows VPM’s June announcement, in which it unveiled plans to build a five-story, 53,700-square-foot building envisioned to serve as the home of VPM’s news operations as well as a venue for civic programs and events.
The facility is slated to rise on what’s now a parking lot next to the Waller & Co. jewelry store, and the parcel fronts both Broad Street and Grace Street. The seller was an LLC tied to Fred Shaia. The property’s assessed value is $2.2 million, according to online city records.
