The 908,000-square-foot tower going up this year in place of Richmond Plaza, which has been vacant for at least a year, will have 17 office floors, retail space at the northeast corner of the building at South Seventh and East Cary streets, above-ground parking, and four floors of underground parking.

“Dominion believes that the proposed development will not only add to Richmond’s already impressive skyline but also retain thousands of employees downtown,” said Thomas F. Farrell II, chairman, president and CEO of the Richmond-based energy company.

“It will also promote productivity and enhance efficiencies that will redound to the benefit of our employees and customers alike.”

The new office tower will be LEED (Leadership in Energy and Environmental Design) certified. The cost for the building was not disclosed. “We are still working on an engineering, procurement and construction contract. And those details will be confidential,” Frazier said.

Dominion will be the only office tenant in the building on the block bound by South Sixth and South Seventh streets and East Cary and East Canal streets. The company’s Tredegar Street campus along the James River will be maintained as the headquarters.