Civic IQ
CONTRACTPENDING
Get alerts

Richmond Innovation Center: $50M+ project in progress

City of Richmond logoCity of Richmond
Disclosed value
$50,000,000+
From minutes
Document date
Jul 22, 2024

Know when this contract comes back up.

See who signed off

Free account · 30-second setup · No credit card

THE 30-SECOND BRIEF

What it covers

Activation Capital plans $50M+ innovation building in Richmond. The initial plan to build a 100,000 square foot, 4-story innovation center with two floors of anchor tenant is still ideal with the secured 27 million in grant and state appropriation funds, however, additional financing would be needed. Timeline for usage is May 2027.

Who holds it

Activation Capital holds this construction contract with City of Richmond. Its other public contracts on record include work for Virginia Growth and Opportunity Board (GO Virginia) and Virginia Innovation Partnership Authority (VIPA).

Contract details

Contract type
Construction
Amount
$50,000,000+
Document date
July 22, 2024
Term
NA
Vendor
Activation Capital
Agency
City of Richmond
Source document
city_of_richmond_informal_meeting_minutes_july_22.pdf (Minutes)

Activation Capital's other public contracts

Virginia Growth and Opportunity Board (GO Virginia), VirginiaActivation Capital MOU Advances Biosciences Investment Collaboration · Dec 10, 2024UndisclosedVirginia Growth and Opportunity Board (GO Virginia), VirginiaActivation Capital Project VITAL Funding Recommended · Jun 4, 2024$5MVirginia Growth and Opportunity Board (GO Virginia), VirginiaActivation Capital Receives $1.4 Million Grant · Dec 13, 2022$1.4MVirginia Growth and Opportunity Board (GO Virginia), VirginiaGO Virginia Recommends $1.4 Million Activation Capital Grant · Sep 23, 2021$1.4MVirginia Innovation Partnership Authority (VIPA), VirginiaActivation Capital Approved for $200K Innovation Grant · Jun 10, 2021$200KAll Activation Capital contractsVendor profile

More City of Richmond contracts

La Casa De La SaludRichmond Authorizes La Casa Opioid Prevention Grant · Oct 13, 2026UndisclosedSaara of Virginia IncRichmond Authorizes SAARA Grant for Alive RVA Warm Line · Oct 13, 2026UndisclosedNationz Foundation IncorporatedRichmond Approves Nationz Foundation Harm Reduction Grant · Oct 13, 2026UndisclosedVirginia Passenger Rail AuthorityRichmond Approves Transportation Easements From Rail Authority · Oct 13, 2026UndisclosedSampson Paints LLCRichmond Considers Sampson Paints Park Lease Agreement · Oct 13, 2026UndisclosedAll City of Richmond activityAgency profile

Questions about this contract

Who was awarded the construction contract by City of Richmond?

Activation Capital was awarded this construction contract by City of Richmond, as recorded on July 22, 2024. The contract value is $50,000,000+.

How much is the Activation Capital contract with City of Richmond worth?

The Activation Capital contract with City of Richmond is valued at $50,000,000+, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_of_richmond_informal_meeting_minutes_july_22.pdf (Minutes), dated July 22, 2024 from City of Richmond. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does Activation Capital hold?

Activation Capital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Richmond currently buying?

Explore City of Richmond's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

Work in government? Get Civic IQ free →
More City of Richmond contracts →Browse all agencies in Virginia →