CoStar’s upcoming one-million-square-foot global campus on the James River, with capacity for 3,500 employees, is yet another validation of Richmond’s rise as a serious property-tech capital. Right next door, the $30-million Allianz Amphitheater at Riverfront – a 7,500-capacity venue perched above the Tredegar hillside – is attracting acts that previously bypassed the city and drew 200,000 fans in its inaugural 2025 season. The #40-ranked Museums are certainly happy with all the new cultural clout in town. The 67-acre Diamond District is humming with CarMax Park opened for the 2026 Flying Squirrels minor league baseball season, flanked by new apartments, a 180-room hotel, and 20,000 square feet of retail that stitches Scott’s Addition to the Boulevard.
Overseas capital keeps flowing, too: Danish clean-energy firm Topsoe is advancing its $400-million Chesterfield electrolyzer plant, while Chesterfield County’s $323-million mixed-use The Lake project should open soon with a 13-acre recreational lake, the world’s largest surf pool, 1,200 residences, and a 113-room hotel. Mobility is also expanding, with GRTC’s Pulse BRT pushes four miles west to Parham Road, adding eight stations. With affordable housing (median prices under $400,000) and rankings of #28 for Shopping and #40 for Restaurants, Richmond remains one of the East Coast’s most compelling convergence plays for investors, operators, and talent alike.