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Cordish Cos. Proposes $600M Casino Resort in Richmond

PPE Casino Resorts Richmond LLC, an affiliate of The Cordish Cos., has proposed a $600 million destination casino resort in Richmond’s Scotts Addition area.

The proposed casino would include a 250,000-square-foot casino, a luxury hotel with approximately 300  guest rooms and 30 suites, an upscale spa and fitness facility as well as a 4,000-capacity live entertainment venue and 40,000 square feet of multi-use event space. The project would also include 18 restaurants, bars and entertainment venues. Cordish has been behind a number of successful casino entertainment resorts in the U.S., including Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia, Live! Casino Pittsburgh, Hard Rock Hotel & Casino Hollywood, FL and the Hard Rock Hotel & Casino Tampa, FL.

Live! Casino & Hotel Richmond is expected to generate $5.3 billion of total economic impact for the City of Richmond over the first 10 years and create more than 5,000 new direct and indirect jobs during construction and more than 3,000 new permanent jobs.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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