Dominion Resources: New High-rise Building Planned for Downtown

[I miss RVA]

1 hour ago, skycity said:

Considering that we're probably heading into something even more disruptive than the Great Depression, what are the chances that a current tower renovated would be more valuable than a parking lot?

That's a good question. One wonders though - I'm guessing a building demo and cleanup will be far cheaper than a gut and renovation project. And in all likelihood, DE wants to hang onto the land, so selling the building likely won't happen. Plus - if we are heading into something as disruptive or worse than the Depression, there won't be anyone ponying up to buy anytime soon.

[Icetera]

1 hour ago, skycity said:

Considering that we're probably heading into something even more disruptive than the Great Depression, what are the chances that a current tower renovated would be more valuable than a parking lot?

Nearly the entire base has been demoed at this point.  No idea the structural state of the interior now.  Perhaps there is possibility of rebuilding where the plaza/parking deck was, which was the biggest issue with that tower.  I would not be optimistic, though.

They also save $500k in annual real estate taxes with the demo, so I doubt they would sit on it longer than they have to.

Edited March 17, 2020 by Icetera

[wrldcoupe4]

It's too late for gut and redo. It's coming down, question is really only whether or not they'll start right away with the new building? 

[skycity]

The old Dominion building will come down on May 30: 

 

https://richmondbizsense.com/2020/03/20/implosion-date-set-for-dominion-energy-tower-downtown/

[RVA-Is-The-Best]

Anyone else lowkey don't want the building to be demolished because they're now worried the pandemic economy will leave the lot blank for potentially years

[DowntownCoruscant]

Nope. I want those two lanes on 8th Street back.

[jbjust]

5 hours ago, RVA-Is-The-Best said:

Anyone else lowkey don't want the building to be demolished because they're now worried the pandemic economy will leave the lot blank for potentially years

Have you driven by lately?  It's past the point of no return. 

[eandslee]

5 hours ago, RVA-Is-The-Best said:

Anyone else lowkey don't want the building to be demolished because they're now worried the pandemic economy will leave the lot blank for potentially years

Go ahead with the demolition.  This will just position the lot (if DE doesn’t start building on it immediately) as a prime location for a signature tower!

[I miss RVA]

4 hours ago, eandslee said:

Go ahead with the demolition.  This will just position the lot (if DE doesn’t start building on it immediately) as a prime location for a signature tower!

Let us pray!

[Icetera]

Looks like demo is still on for May 30.

https://claycorp.sharefile.com/share/view/sdf0b3941bfe4d0ba

 

[Shakman]

I will try to be there.

[I miss RVA]

Will anyone record and post this somewhere online? (preferably YouTube - NOT Facebook)

[Shakman]

What is the scheduled time?

[Icetera]

39 minutes ago, Shakman said:

What is the scheduled time?

So far all I have seen is "early morning".

[JSI]

I heard 7AM - 9AM on the news yesterday. I'm planning to go down and view from the Lee Bridge unless anybody has any other good viewing suggestions?

[Shakman]

16 hours ago, JSI said:

I heard 7AM - 9AM on the news yesterday. I'm planning to go down and view from the Lee Bridge unless anybody has any other good viewing suggestions?

I want to try to get onto Byrd Street, by the Federal Reserve.

[Henrico Weather]

Maybe Legend will open their deck for early morning beverage service! 

[Shakman]

On 5/20/2020 at 3:25 PM, Henrico Weather said:

Maybe Legend will open their deck for early morning beverage service! 

Shakman:  "I'll have a grape nehi"

Edited May 22, 2020 by Shakman

[ZUMAN2]

Has the time been published yet?

[Shakman]

23 minutes ago, ZUMAN2 said:

Has the time been published yet?

JSI heard and posted 7 - 9AM.   After that post, I read a similar time frame through a local media outlet. 

Edited May 29, 2020 by Shakman

[Icetera]

I have been seeing consistently 7am, including from Dominion postings.

[eandslee]

Definitely 7 AM.  I will be watching via Facebook live stream.  Looking forward to it!

[ZUMAN2]

49 minutes ago, eandslee said:

Definitely 7 AM.  I will be watching via Facebook live stream.  Looking forward to it!

Thanks!  Personally I would like to witness this live.

[skycity]

From the end of a Channel 6 story on the impending demolition:

"A spokesperson for Dominion Energy says the company will announce at a later date what its plans are for the property."

This does not sound encouraging to me. Considering what is happening to the global economy, are we looking at a parking lot for 20-30 years?

Edited May 29, 2020 by skycity

[eandslee]

1 hour ago, skycity said:

From the end of a Channel 6 story on the impending demolition:

"A spokesperson for Dominion Energy says the company will announce at a later date what its plans are for the property."

This does not sound encouraging to me. Considering what is happening to the global economy, are we looking at a parking lot for 20-30 years?

Nah!  Dominion Energy is just keeping us on our toes. Even if the worst happens and they don’t build their tower, that land is prime real estate - a perfect place for a signature tower from another company. I also believe the economy will come roaring back strong when the restrictions are lifted. The foundation of a robust economy is still there (unlike all other recessions), and will recover so much faster than any recession before.  I don’t buy into notion being thrown out there that the economy is going to get worse or that the economy won’t recover quickly.  It’s not based on much (or anything) and is just fear-mongering.