According to a recent BizSense article, CoStar Group broke ground on its $460 million office complex at 600 Tredegar St. on November 1, 2022. The new campus will include a 26-story office tower and a six-story multipurpose building near Brown’s Island, spanning 750,000 square feet. The buildings will be adjacent to CoStar’s current local office building at 501 S. 5th St., which it moved into in 2016 and bought last year for $130 million.
Public-facing entertainment spaces are also part of the plan for the new complex. An outdoor event plaza and a rooftop terrace will provide views of the James River. The project is expected to be completed in 2023 and will add to the more than 1,500 CoStar employees already in Richmond. The campus is designed to house up to 3,000 workers and provide additional space for expansion.
The project will use a “smart city” framework to support employees and provide an efficient work environment. With as many as 2,000 new jobs coming to Richmond thanks to Costar, there will no doubt be many technical jobs, marketing jobs, and executive roles to choose from. We’ll keep you posted on any and all opportunities as they become available.