Richmond Times Dispatch Building

New Markets Tax Credit Coalition

Richmond,
VA
(2020)

Richmond Times Dispatch Building

Business Development, Historic Rehabilitation, Mixed-use

Renovation of the 166,276 SF, four-story Richmond Times Dispatch (RTD) building, consisting of a reconfigured and updated home for RTD personnel, a corporate headquarters for Shamin Hotels and additional office spaces for new tenants.

Investment

NMTC Amount: $5,000,000
Total Project Cost: $42,000,000

IMPACT

245 FTE jobs
70 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

Capital One, Virginia Community Development Fund

Investor

Capital One

Project Description

Renovation of the 166,276 SF, four-story Richmond Times Dispatch (RTD) building, consisting of a reconfigured and updated home for RTD personnel, a corporate headquarters for Shamin Hotels and additional office spaces for new tenants.

MAP

Address: 300 East Franklin Street, Richmond, VA 23219

Census Tract: 51760030501

Other Virginia Projects

Roanoke City Market Building

Roanoke,
VA
(2011)

Grocery and Fresh Food, Historic Rehabilitation, Restaurants and Catering, Retail, Retail and Commercial

CDE(s): Hampton Roads Ventures

In July 2011, Hampton Roads Ventures invested $9,730,000 in the Roanoke City Market Building, a Certified Historic Structure and former center of commerce and social interaction for downtown Roanoke.

Winegar Medical Center

Duffield,
VA
(2008)

Behavioral Health, Community, Healthcare, Hospitals and Emergency Services

CDE(s): Hampton Roads Ventures

Development of 26,500 sq. ft. medical office building which has tripled the available physicians from two to six, provided a full-service state-of-the-art Outpatient Diagnostic Center, and a fully-equipped rehabilitation facility.

Monogram Snack

Martinsville,
VA
(2015)

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): Greenline Ventures, Rural Development Partners

NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 sq. ft. and renovate space in the original production plant.

Martinsville Clean Energy Plant

Martinsville,
VA
(2017)

Community, Energy, Food Manufacturing, Manufacturing, Waste Management, Water Management

CDE(s): Dudley Ventures, French Lick Redevelopment CDE

The Martinsville Clean Energy project successfully combined Investment Tax Credits and New Markets Tax Credits for the design, construction and installation of state-of-the-art clean energy generation technology into an anaerobic