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VCU’s plan to build a massive new residence hall on Grace Street has taken another step forward.
The university’s board of visitors last week approved a $25.5 million contract with Kjellstrom & Lee to begin site work on the 1-acre property at 720 W. Grace St. and 700 W. Grace St., to make way for a 14-story dorm complex with room for 1,000 beds.
The site work contract would include demolition of existing structures on the parcels – the BookHolders building and a three-story VCU office building – as well as excavation and utility improvements.
That initial phase is slated to start in 2026, and would be funded through university auxiliary funds and debt paid with student housing payments.
The 325,000-square-foot dorm, known as the West Grace Street Ho