O
Richmond
← All issues
developmentHigh priorityopen

Commerce Road mixed-use development land sale

Richmond

Summary

The city is selling about 13 acres of surplus land on Commerce Road to City Central, LLC for ~$7.4 million to unlock one of the biggest Southside redevelopments in years — 3,000+ rental units and nearly 1,000 for-sale homes. One council member objected to bypassing the city's own surplus law.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Jun 8, 2026.

Impact analysis

💰Financial impact

The city will receive about $7.4 million from the two parcel sales.

✅Who benefits

Future residents of the new development and the Southside broadly through thousands of new housing units and amenities.

⚠️Who could be affected

Critics, including Council Member Gibson, argue the process shortchanges competitive disposition of public land and school assets.

Mentions & discussions (1)

Related development

We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.

The weekly brief for Richmond

What the council decided, in plain English — one email a week.

Also follow nearby cities

Free. Unsubscribe with one click any time. We never sell your email.