Business
CoStar Group Breaks Ground on Campus Expansion in Richmond
Governor Glenn Youngkin, Richmond Mayor Levar Stoney, CoStar Group Founder and CEO Andy Florance, community partners and the public came together as
About this update from Costar Group, Inc.
[{"type":"text","content":"\nGovernor Glenn Youngkin, Richmond Mayor Levar Stoney, CoStar Group Founder and CEO Andy Florance, community partners and the public came together as construction kicked off on CoStar Group’s research and technology center\n\nThe 1-million-square-foot hub will bring over 2,000 jobs to the area and boast expansive green spaces, best-in-class amenities and advanced tech capabilities\n\n RICHMOND, Va.--(BUSINESS WIRE)--\nCoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today broke ground on its research and technology center expansion in Richmond, Virginia. CoStar Group celebrated the milestone with a ceremony and speeches from The Honorable Glenn Youngkin, Governor, Commonwealth of Virginia; The Honorable Caren Merrick, Secretary of Commerce and Trade, Commonwealth of Virginia; The Honorable Levar Stoney, Mayor, City of Richmond; The Honorable Ellen F. Robertson, Council Vice President, Richmond City Council; Leonard Sledge, Economic Development Director, City of Richmond; and Andy Florance, Founder and Chief Executive Officer of CoStar Group.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221101006154/en/(Photo: Business Wire)\nCoStar Group first established its global research operations in the City of Richmond in 2016 and has grown to over 1,500 employees – marking its largest employment hub and solidifying its position as one of the largest office tenants in Richmond. 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. Once the site is fully complete, CoStar Group is poised to become the largest technology company and one of the largest private employers in Richmond.\n\n“Since initially planting our flag in Richmond a few years ago, we’ve seen the incredible opportunities the city has to offer for both living and working,” said Mr. Florance. “Richmond boasts premier access to higher education, top-tier talent pools, strong community partnerships and unbeatable amenities, from riverfront views and ample greenspace to restaurant, retail and enterta...