Richmond Petersburg, VA, September 18, 2026 —

Several significant business developments have recently emerged across the Richmond area, impacting real estate, utility infrastructure, and local dining. In Henrico County, the former developer of the GreenCity project has filed for bankruptcy, signaling continued challenges for the stalled development.

The GreenCity project, intended to be a mixed-use development, has faced numerous delays and setbacks. The bankruptcy filing by its former developer introduces another layer of uncertainty regarding the project’s future. Specific details regarding the bankruptcy proceedings, including the names of the involved entities and the extent of outstanding liabilities, were not immediately available.

Meanwhile, in Downtown Richmond, a notable proposal has been put forth by utility companies Dominion Energy and NextEra Energy. The two energy giants, reportedly in the process of a merger, have proposed the construction of a new office tower in the city’s central business district. This initiative is presented as part of their broader merger strategy. Information regarding the proposed tower’s size, location within Downtown Richmond, or timeline for development was not detailed in the initial proposal summary.

Additionally, the Bottoms Up Pizza restaurant, a fixture in the Shockoe Bottom neighborhood, has transitioned to new ownership. The change in management brings with it plans for significant upgrades, including anticipated renovations to the establishment and enhancements to its menu offerings. The specific terms of the ownership change and the projected schedule for renovations were not disclosed.

These distinct events collectively illustrate a dynamic commercial landscape in the region, characterized by both challenges in large-scale development and evolving opportunities in urban growth and established local businesses.



Story summarized from the original created by Lyndon German on www.vpm.org, see more information here.

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