Judge Dismisses $40M Lawsuit in Richmond Diamond District Development Dispute, Opening Door for Amended Claim
Richmond, Va. — A Richmond Circuit Court judge has dismissed a $40 million lawsuit brought by developer Republic Properties against its former partners in the Diamond District project, a sprawling development initiative in Richmond. While the suit has been rejected, the legal skirmish could see new life as the plaintiff considers adjustments to their complaint. The legal action arises from a partnership dispute over the 67-acre, ballpark-centered urban development bordered by Arthur Ashe Boulevard, Hermitage Road, the interstate, and railway tracks. Republic, a D.C.-based firm, originally assembled a group named RVA Diamond Partners LLC, including … Read more