The Diamond District is a public-private partnership between the City of Richmond, the Richmond Economic Development Authority, and Diamond District Partners, LLC (DDP) to create a new mixed-use community anchored by the new CarMax Park and a new crescent park. DDP, led by Thalhimer Realty Partners, LLC,  is the master developer of the Diamond District and has contracted with Capstone Development, LLC and Pennrose/Nix to develop the hotel and middle-income housing, respectively.

PHASE 1A PROGRAM

Phase 1A of the Diamond District will include: 4 new streets, a park, 180-room hotel, 161 middle income housing units at 60% area median, 30,000 square feet of commercial space, and 730 market-rate housing units. This phase commenced in March 2025 and will take approximately 5 years to fully complete.