RICHMOND, VA. — A joint venture consisting of Cantor Fitzgerald, Silverstein Properties, Collins Capital Partners and Kaufman Jacobs has secured $53.6 million in construction financing for the first phase of Springline at District 60, the redevelopment of a former shopping center located in a qualified opportunity zone near Richmond. Truist Bank provided the financing.
The first phase of the 42-acre project will include a community called The James at Springline, as well as a 150,000 square feet office building, an entertainment venue, specialty market and a structured parking facility. Future phases will add more apartments, townhouses, additional commercial space, another office building, a luxury hotel and entertainment venues.
The James at Springline will include 298 residential units and 28,000 square feet of ground-level retail space. Construction on the community began in September and is slated to complete in 2025. The James at Springline will offer amenities such as garage parking, a lobby with office pods, conference area, interior courtyard with a pool and lounge areas, roof deck with a fitness center.