Real estate developer Capital City Partners, LLC purchased the City’s 71-year-old former Public Safety Building at 500 N. 10th St., 9th Street entrance shown above, for $3.5 million in 2021. Capital City officials said the building would be demolished on the 3-acre property to make room for a $325 million, 500,000-square-foot tower development that will be anchored by VCU Health. Other planned uses include The Doorways lodging for families of hospitalized patients, Ronald McDonald House Charities of Richmond, a child care center, ground-level retail, office uses, and more than 1,200 parking spaces, reports Colliers, an investment management company. The city estimates the completed project will create $16.8 million in tax revenue over the first 10 years and $60 million over 25 years to support city services and schools.