Venture Richmond announced this week that over $1B in new development projects were either completed or got started in 2009 in downtown Richmond. Not too shabby!
The announcement highlights the positive impact that VCU and the VCU Medical Center continue to have on downtown Richmond:
$110 million worth of new facilities at Virginia Commonwealth University’s MCV campus, including the eight-story, $71.2 million Molecular Medicine Research building on the site of the former nursing education building, the new Perkinson building for the dental school, and a recreation center.
and looks forward to another VCU-boost next year:
One of the biggest players in town, VCU, is in the middle of planning its $158.6 million tower for the School of Medicine.
VCU associate vice president Brian J. Ohlinger said the project should allow the medical school to grow by a third, educating 1,000 would-be doctors, making it one of the largest medical schools in the country. VCU hopes to open the new building in 2013.
We are very lucky to have a growing Universtiy downtown to mitigate the effect of the economic downturn.
You can read the entire article here.