Redevelopment
It became a major nightlife, dining, and entertainment center in the last two decades of the 20th century. After centuries of periodic flooding by the James River, development was greatly stimulated by the completion of Richmond's James River Flood Wall in 1995. Ironically, the next flooding disaster came not from the river, but from Hurricane Gaston which brought extensive local tributary flooding along the basin of Shockoe Creek and did extensive damage to this area in 2004, with businesses being shut down and many buildings condemned.
More recent projects include: Cedar Broad Apartments, 204-unit complex at 18th and Broad streets. The project also has room for 8,448 square feet (784.8 m2) of retail space. Total Budget 19 million.
Cold Storage project, $50 million project of Historic Housing. North 18th, East Clay, East Marshall and Oliver Hill Way area. Five turn of the century warehouses being converted to 300 apartments.
Read more about this topic: Shockoe Bottom