CoStar Group Breaks Ground on 750K-SF Campus Expansion in Richmond

CoStar Group has broken ground on its research and technology center expansion in Richmond, VA.

With the corporate campus expansion including two new buildings spanning 750,000 square feet, CoStar Group plans to introduce an additional 2,000 jobs to the area, specifically in research, technology, operations, software development, marketing and sales roles.

Located on the banks of the James River, CoStar Group’s current space at 501 S. 5th Street combined with the two new buildings will create a fully integrated corporate campus of over one million square feet. The two-building complex will house a 21-story, LEED-certified office tower and a five-story multipurpose building to be used as a central hub for employee and community amenities.

The project also incorporates on-site energy generation, energy-efficient building systems and enclosures and a reduced carbon footprint, in line with CoStar Group’s commitment to sustainability.

The new building architecture is uniquely designed to rise with the hillside, overlooking the James River with approximately 50,000 square feet of elevated green terraces that boast 360-degree views. Planned amenities for the campus hub include conference space, fitness and wellness capabilities, an auditorium, over 2.65 acres of outdoor green space and a variety of retail and restaurant options.