7th & Main

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for the sale of 703 East Main Street (“7th & Main,” the “Property,” or the “Site”), a 1.23-acre development site located at 703 East Main Street in Richmond, Virginia. The B-4 zoning offers a range of business plan options and allows for a maximum density of up to 6.0 FAR subject to approval. 7th & Main provides a tremendous opportunity to develop a landmark space at the center of downtown Richmond with a multitude of potential end uses.

The Property is located between the James River and the Greater Richmond Convention Center in the heart of Richmond’s Business District - central Virginia’s hub for business, culture, and history. The Site sits just blocks away from the Virginia State Capital in a highly amenitized micro-location, with over 1.5M square feet of retail and 3,500 multifamily units within a half-mile radius, creating a desirable setting for tenants, tourists, and residents. Richmond’s downtown is among the fastest growing in Virginia with strong fundamentals; it has seen 48% population growth since 2020, nearly four times the entire city's growth rate over that period. Richmond’s downtown is undergoing an immense transformation, with 75 development projects totaling $3.6B completed or underway between 2019 and 2022. This development is driven by projects in the immediate vicinity of the Site, as Douglas Development’s recently converted Dominion’s Eighth & Main tower to residential, located adjacent to 703 E Main.

7th & Main presents a unique opportunity to acquire a prime development site in an attractive location and is positioned to create a vibrant destination that will become one of the pillars of Richmond’s Central Business District.