Behind the secretive plans to turn Richmond’s old dock into a gold mine.
Inside Business, Monday January 22, 2001
Mention Rocketts’ Landing to anyone with financial ties to the Richmond riverfront and chances are you’ll receive a steely response.
To date, investors and developers have treated the Rocketts’ Landing development project more like the famous Manhattan Project than a few acres of run-down flood plain and a couple of old warehouses along the James River.
They may have good reason to be secretive.
A group of investors that includes James S. Ukrop and Bill Abeloff is behind a massive plan to develop Rocketts’ Landing, which stretches along the river east of Tobacco Row on Route 5 from the edge of the city into Henrico County. Those familiar with the plans say the project will include an upscale mix of residential housing, restaurants and retail shops, as well as a marina.
If all goes according to plan, Rocketts’ Landing will become the city’s premier upscale residential community. It will also become the first true waterfront residential development in the city’s history and may help bolster development along Shockoe Bottom’s Tobacco Row and the canal. [Read more…]