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DC Firm Offers New Deal to Resurrect Navy Hill Redevelopment in Richmond

Douglas Development Says Its Proposal Would Cost City Nothing
Douglas Development said its plan for Navy Hill would not require public funding. (Morgan Riley/Wikimedia)
Douglas Development said its plan for Navy Hill would not require public funding. (Morgan Riley/Wikimedia)
By Bryce Meyers
CoStar News
February 25, 2020 | 10:56 P.M.

A Washington, D.C., developer active in Richmond, Virginia, has made an unsolicited offer to revive a Navy Hill project recently shot down by the City Council. But unlike the previous effort, Douglas Development said its proposal would come at no cost to the city.

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