Gilbane Update 07/08/24

Gilbane Building Company in Association with Prestige Construction Group Selected to Build Richmond Diamond District Ballpark

Gilbane Building Company in association with Prestige Construction Group has been selected by the Richmond Flying Squirrels to build a new stadium to support the Richmond Flying Squirrels and Virginia Commonwealth University. The planned 10,000-seat Richmond Diamond District Ballpark will have an industrial, warehouse feel meant to pay homage to Richmond’s railway lineage.  The stadium project, managed by Machete Group, is the cornerstone of the large-scale, multi-billion-dollar Diamond District development.

“We’re excited to have formed a dream team with Gilbane and Prestige to build our new home,” said Lou Dibella, Managing General Partner for the Flying Squirrels. “Their experience speaks for itself, and I am confident they will deliver a first-class venue for our fans and the Richmond community.”

“Gilbane is a proven ballpark builder with roots right here in Richmond, Virginia,” said Maggie Reed, business leader for Gilbane’s Richmond office. “We’ve been building in Richmond for over 30 years, so for us, this project is more than a new stadium. It’s an opportunity to invest in the community we call home.”                                                                      

The project will be delivered in under two years, in time for the 2026 baseball season. The project’s goal is to spend 40% of the improvement cost of the entire project on Emerging Small Businesses and Minority Business Enterprises. In support of this overall project goal, the team will be hosting an outreach event on July 8, 2024, at 3001 N. Arthur Ash Blvd, Richmond, VA 23230, from 4:00 p.m. to 5:00 p.m. Registration is not required.

In addition to individual project goals, Gilbane has committed to generating $4 billion in awards to certified diverse-owned and small businesses (DOSBs) over five years (2022 -2026). According to Gilbane’s latest Gilbane Cares Report, they are more than halfway towards that goal through 2023.

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