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Dominion Energy pulls plug on second new office tower downtown
Courtesy of Dominion Energy)
Dominion Energy won’t be adding another tower to the downtown skyline after all. Blame the pandemic and Warren Buffet.
The Richmond-based utility giant confirmed on Friday it has for the foreseeable future decided to scrap its plans for 700 Canal Place, an office building it has had on the drawing board for several years for the site of its former One James River Plaza building.
Planned for 17 stories with 900,000 square feet, 700 Canal Place would have been a slightly smaller twin to Dominion’s 600 Canal Place, which was completed in 2019.