A street in the Fan might soon get a dose of something the neighborhood doesn’t typically see: new single-family construction.
Local developer Bill Chapman is planning six modern row houses at 2615-2619 Floyd Ave.
The project, dubbed Citizen 6, will be built on a half-acre currently occupied by a parking lot and a 1950s-era office building, Chapman said. When the chance to buy the property came up, Chapman jumped.
“We thought, in this area of the Fan, the idea of new construction would be very appealing,” he said.
Chapman has the location under contract, pending city zoning approval. He would not say how much he’s paying for the property. The two parcels were most recently assessed at a combined $656,000, according to city records.
Chapman hired architect Burt Pinnock of Baskervill to design houses with a modern design that is reflective of the surrounding Fan buildings, Chapman said.
“We see that neighborhood as a neighborhood of fine period architecture,” he said. “It is a privilege to have an opportunity to build something in the Fan. That opportunity is rare, so design has to be our focus.”
Chapman said prices for the houses haven’t been finalized, but he estimated that they would fall around $250 per square foot. The houses range in size from 2,100 to 2,800 square feet, which would equal about $520,000 to $700,000 each. They will include two parking spaces each in a lot behind the property.
Chapman is financing the project through First Capital Bank.
The developer hasn’t selected a builder for the row houses.
Chapman’s other projects have included the Decatur condominiums in Manchester and Parkway 301, a seven-story building in Roanoke.
The office building on the Floyd Avenue site is owned by Robert Hunnicutt, founder of Hunnicutt Construction. Hunnicutt said his business and two others in the building, Dodson Property Management and River Bend Property Services, are planning to move once the sale goes through. Their new locations have not been determined.
Offers from potential buyers will be accepted beginning in February, and construction should begin in the spring pending zoning approval.
One South Realty Group is handling the listings for Chapman.