RICHMOND, VA (WWBT) - SunTrust Banks, Inc. has announced that they will be the anchor tenant for a new, 21-story mixed use building at the corner of 10th and East Byrd streets.
The $93 million "3Twenty-One Building" is scheduled to be completed by December of 2017. SunTrust will relocate approximately 200 people from 919 E. Main to the new building.
"Richmond is an important market for us, and moving our Richmond main office to this new location reaffirms our commitment to the downtown area and the entire region," said John Stallings, Virginia Division President.
The project will be developed by Dominion Realty Partners, developer of Riverside on the James, Vistas on the James, The Residences at the John Marshall and The Links Apartments. The building will have 137,000 square feet of commercial space and 187 luxury apartments. SunTrust will occupy 57,000 square feet.
The commercial portion of the development will be known as The Locks at 3Twenty-One. The residential portion will be called The Residences at 3Twenty-One. The residential units will commence on the 10th floor and will feature a resident clubroom and rooftop pool and plaza.
"The 3Twenty-One building is the culmination of years of redevelopment along the James River and was made possible by the City of Richmond, Venture Richmond and the property owners along the Haxall Canal that put the necessary infrastructure in place creating development opportunities that showcase the James River," said Michael Campbell, Principal of Dominion Realty Partners. "SunTrust's commitment to this project represents the peak of downtown Richmond's evolution as the capital's new business frontier, and we are proud to be part of the next phase of urban growth that combines state-of-the-art, Class A office and residential development."
SunTrust also announced a new SunTrust Center on W. Broad Street at the WestMark I, also scheduled to be completed by the end of 2017.
SunTrust says their branch network, Mortgage campus on Semmes Ave and Innsbrook are not affected by these moves.
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