This $900M Project Will Change Downtown Richmond FOREVER (Diamond District)
By Amanda & Dave Seibert · July 25, 2025 · 6:21 read
Category: Real Estate
Show: Amanda & Dave Seibert
Richmond's largest mixed-use development in history is underway - a massive $900 million Diamond District that will transform 67 acres of downtown with a 10,000-seat stadium, 2,800 residential units, and over 1 million square feet of office space. With construction already started and the new CarMax
Richmond's largest mixed-use development in history is underway - a massive $900 million Diamond District that will transform 67 acres of downtown with a 10,000-seat stadium, 2,800 residential units, and over 1 million square feet of office space. With construction already started and the new CarMax Park opening for the 2026 baseball season, this project is expected to generate $60M in annual tax revenue and create 2,800 permanent jobs. But will this unprecedented development help or hurt existing Richmond residents? Here's everything you need to know about how the Diamond District will reshape Richmond forever.
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