A New York developer’s plan to raze the 56-year-old Laurel Park Shopping Center in Henrico took a step forward Thursday evening.
The county’s planning commission voted to rezone and grant a provisional use permit for Laurel Park, a proposed mixed-use project at 2314 Hungary Road. Aurelie Capital plans to replace the aging retail property with 350 apartments, 72 of which would be townhome-style, along with 12,000 square feet of commercial space.
Aurelie bought the shopping center and its 16 acres in March for $1.5 million. The firm’s founder, Pavan Malhotra, previously said they’d ideally break ground on the project in mid-2021.
At Thursday’s meeting, Henrico’s planning commission recommended the site be rezoned from B-2C Business District to R-6C General Residence District, as well as granting a PUP that allows for commercial uses.
Aurelie’s rezoning and PUP request for the project was previously deferred at the commission’s September meeting before earning a unanimous recommendation at Thursday’s meeting.
The matter now heads to the county’s Board of Supervisors. The board’s next meeting agenda has not been posted as of press time.