Richmond

Gold Key/PHR, Norfolk Strike Deal for $126M Hotel, Convention Center Complex

The city of Norfolk has announced last Friday it has reached an agreement with Gold Key/PHR Hotels & Resorts to build a new hotel, conference center and parking facility downtown. The total cost of the project is estimated at $126 million.

Clayco Details Plan for $110M Richmond Office Tower

Clayco has announced on January 30 a proposal to build Gateway Plaza, a new office building in the heart of Richmond’s business district. The Chicago-based national development and building firm has been active in Virginia. It recently completed Amazon’s new 1.1 million square-foot distribution center in Dinwiddie County

Gateway Plaza will be located between 8th and 9th Streets and Canal Street, in downtown Richmond. Clayco will build it on an existing 1.1-acre surface parking lot. Initial plans call for a 15-story building with 261,000 square feet of office space, more than 10,000 square feet of first-floor retail space and 520 parking spaces. Clayco is also looking into the possibility of expanding the project by up to six floors. Gateway Plaza will represent an investment of over $110 million. The project is designed to achieve LEED Gold certification