Hilton Garden Inn, Richmond, Va
Investment Amount: $3,000,000
Closing Date: December 2006
Adaptive reuse and renovation of the long, vacant and boarded Miller & Rhoads department store into a 250-room Hilton Garden Inn with 24,000 sq. ft. of retail space and 133 residential condominium units targeted to first-time home buyers.
Project is an integral component of Downtown Broad Street Redevelopment – the comprehensive redevelopment initiative administered by the Richmond Redevelopment and Housing Authority and Richmond’s Broad Street Community Development Authority.