Exponential growth means longtime locals are bound to have a “Wait, when did this get here?” moment. With lots of new developments on the horizon, we’re here to catch you up on Richmond’s most anticipated builds — timelines, renderings, details — so grab your hard hat and let’s get going.
We will update this list periodically, so be sure to bookmark this page so you can check back for more information.
Note: Costs and completion dates are approximate + subject to change.
Mayo Island
Cost: $16M
Completion: October 2026
Perhaps one of the most talked-about developments in the city today, the revival of Mayo Island is years in the making. Funded by state, city, and nonprofit sources, the intensive project will completely transform the environmental landscape and accessibility of historic Mayo Island, preparing it for public use as a park.
Read more about the designs and timeline.
Brown’s Island
Cost: $30M
Completion: Fall 2026
Venture Richmond’s Brown’s Island Improvement Plan details a total makeover for this downtown space, best known for its concerts, festivals, and community gatherings. Funding for this project is split down the middle between the City of Richmond and Venture Richmond.
Construction is underway as of November 2025, and the site will remain closed to the public until October 2026 — that means no Friday Cheers this year.
Diamond District
Cost: $2.4B
Completion: 2035-2040
This all-encompassing project will transform nearly 70 acres of urban space into a sports + entertainment nexus boosted by residential, commercial, and office buildings. Construction is divided into phases, and the first phase is underway, with a five-year completion target.
CarMax Park
Cost: $115M
Completion: April 2026
Serving as the anchor of the Diamond District development, CarMax Park will replace The Diamond as our minor league baseball headquarters. Guests can expect to see luxury + dugout suits, a beer garden, a kids’ zone, an event lounge, and year-round entertainment.
Intermediate Terminal Building
Cost: TBD
Completion: TBD
Located along the riverside route to Rockett’s Landing, an old warehouse is due for a major transformation. That much we know... what we don’t know is what the transformation will be. As of September 2025, the City of Richmond had narrowed down proposals for the site, but the final decision is still up in the air.
While we wait for a project green light, why not revisit some of our readers’ warehouse development dreams?
Henrico’s Living Building
Cost: $16.3M
Completion: Late 2026
Henrico County Schools broke ground on the Living Building at Wilton in October 2025. What is it? A visionary K-12 public school situated on 62 acres of Wilton Farmland. Prioritizing environmental innovation, this Varina development is slated to eventually join the Varina High School Center for Environmental Studies and Sustainability.
Lewis Ginter’s Conservatory
Cost: $31M
Completion: Spring 2026
The garden broke ground on the $31 million expansion in April 2024.
Rendering courtesy of Lewis Ginter Botanical Garden
The Lewis Ginter Botanical Garden is revamping its conservatory. Specifically, the project will double the current building’s size, add a permanent butterfly house, and introduce 7.5 acres of new garden space to the site.
CoStar Center for Arts and Innovation
Cost: $253M
Completion: 2027
Curious about the construction site at the corner of Broad + Belvidere? That’s VCU’s developing arts and innovation center, named for and partially funded by CoStar Group. The creative hub, spanning seven stories and 209,000 sqft, aims to house programs in arts, opera, tech, theater, gaming — you name it.
East End Solar Meadow Project
Cost: $15M-$20M (The Richmonder)
Completion: TBD
The city is developing a colorful vision for a capped landfill on East Richmond Road — solar power, pollination, and environmental resilience. The East End Solar Meadow Project includes a Community Benefits Agreement, which will fund up to $500,000 in “local sustainability and resilience projects” prior to the project’s completion.
According to RVA Green, installation and maintenance is expected to begin in 2026+.
City Center: GRTC Transit Hub
Cost: TBD
Completion: TBD
Take a closer look at the city’s overarching City Center development plans.
Rendering by Design Collective via GRTC
A downtown GRTC junction has become the first domino in Richmond’s 9.4-acre City Center redevelopment project. Located on North 10th Street, city officials aim to transform the bus site, which will connect to the future North-South Pulse line. Design requirements include a 10-bay transfer hub with a mixed-use building rising above.
This project is still in its early phases, with a Request for Proposals expected to open in Winter 2026.
