Riverfront Plaza

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Riverfront Plaza
Riverfront Plaza logo.svg
Riverfront Plaza (9741343793).jpg
Riverfront Plaza, from Brown's Island, in 2013
Riverfront Plaza
Former namesRiver Plaza (pre-construction)
General information
StatusCompleted
Type
  • Office
  • retail
  • parking
Location Downtown Richmond, Virginia
Address901 and 951 East Byrd Street
Town or city Richmond, Virginia, U.S.
Coordinates 37°32′05″N77°26′20″W / 37.53472°N 77.43889°W / 37.53472; -77.43889
Year(s) built1988−1990
CostUS$136 million (1990)
Owner Hertz Investment Group (since 2015)
Height312 ft (95 m)
Technical details
Floor count20 (each tower)
Floor area951,897 sq ft (88,434 m2)
Design and construction
Architect(s)Keith Simmons of Harwood K. Smith & Partners
Developer
Main contractor Fluor Daniel
Website
riverfrontplazarichmond.com

Riverfront Plaza is twin-tower office building complex in the downtown area of Richmond, Virginia. Built from 1988 to 1990 on the former site of the Old Mansion Coffee Co., it was developed as a joint venture of the law firm Hunton & Williams (now Hunton Andrews Kurth), which still occupies most of the east tower; the Daniel Corporation; and Wheat, First Securities. [1] [2]

In 2015, Hines Interests Limited Partnership sold the complex, which it had owned since 2006, to California Hertz Investment Group. [3] [4] In August 2025, Wells Fargo initiated foreclosure proceedings in Richmond's circuit court on behalf of Hertz's lenders, arguing that Hertz had previously defaulted on a $146 million loan secured by the property and that additional defaults were imminent with the expiration of anchor tenant Truist's lease at the end of the month. The court granted Wells Fargo's motion to place the property under the receivership of JLL, in order to prepare for the anticipated sale of the complex. [5]

References

  1. Campbell, Tom (May 6, 1987). "20-story office towers planned for Old Mansion Coffee Co. site". Richmond Times-Dispatch . Vol. 137, no. 126. pp. B1, B4. Retrieved February 4, 2024 via Newspapers.com.
  2. Howard, Maria Osborn (November 4, 1990). "Debut: Twin peaks stir mixed emotions". Richmond Times-Dispatch . Vol. 140, no. 308. pp. G1, G7. Retrieved February 4, 2024 via Newspapers.com.
  3. Gilligan, Gregory J. (December 21, 2015). "Riverfront Plaza buildings sold for $147.5 million". Richmond Times-Dispatch . Retrieved February 3, 2024.
  4. Squires, Paula C. (December 22, 2015). "Riverfront Plaza office towers in downtown Richmond sell for $147.5 million". Virginia Business. Retrieved February 3, 2024.
  5. Platania, Mike (August 27, 2025). "Judge puts Riverfront Plaza into receivership, clearing path toward foreclosure". Richmond BizSense. Retrieved August 28, 2025.