The Diamond District

The first phase of the $2.4 billion Diamond District project will include a new baseball stadium to replace The Diamond, more than 1,200 housing units, a hotel and retail stores.

RVA Diamond Partners, the development team picked for the project, will redevelop nearly 22 acres of land for the new 10,000-capacity stadium and surrounding projects, according to the city’s term sheet with the developer.

Richmond’s new baseball stadium is slated to be ready by the opening day of the 2025 minor league season, a sticking point for the city as Major League Baseball set a deadline for all venues to meet new minimum facility standards.