A vacant warehouse at 1702 Belleville St. was recently sold and would be razed to make way for Scott’s Edge II, a mixed-use project that would add 203 apartments across two buildings in the northwest corner of Scott’s Addition. (Mike Platania photo)
Just under a year after buying into Scott’s Addition, a Northern Virginia-based firm is looking to add to its footprint in the neighborhood in a big way.
Bonaventure Realty Group last week submitted plans for Scott’s Edge II, a mixed-use project at 1700 Belleville St. that would add 203 apartments across two buildings in the northwest corner of Scott’s Addition.
The project would be a new-construction extension of the original Scott’s Edge, the 94-unit apartment complex Bonaventure bought last year for $18 million. Scott’s Edge was among the neighborhood’s first adaptive reuse projects from 2013.
Scott’s Edge II would be constructed on several lots totaling 1.5 acres spread across 1604, 1700 and 1702 Belleville St., all of which Bonaventure purchased via piecemeal transactions over the course of a year for a combined $2.45 million.
The last of those three deals closed last week, when it paid $1.4 million for the 0.3-acre plot at 1702 Belleville St. The property is currently home to a vacant warehouse. Divaris Real Estate’s Read Goode and Cheryle Toy had that listing.
Bonaventure CEO Dwight Dunton III said over the summer that the company didn’t have any immediate plans to redevelop the land. However, last week he said things have moved faster than the firm had initially forecasted.
“Our long-term strategy of being patient owners in a fast-growing neighborhood has gotten microwaved,” Dunton said. “I think the speed of Belleville is just a reflection of the desirability of the neighborhood and the effect of activity begetting more activity.”
A drawing of one of the buildings, which would include a shared rooftop area. (Courtesy city documents)
Dunton said the plans for Scott’s Edge II are still a work in progress, but initial filings show it would add 203 apartments units across two 5-story buildings. Underneath the buildings would be parking decks with 256 spaces.
The ground floors would have an unspecified amount of commercial space and the rooftops would be used as amenity space for residents.
“It’s going to be a class-A multifamily community. We think there’s still lots of demand to live in Scott’s Addition,” Dunton said.
Missouri-based J. Price Architecture is the project’s designer, Timmons Group is the engineer and buildout would be led by Bonaventure Construction, the firm’s in-house general contractor.
Bonaventure is hoping to break ground in the fourth quarter of 2021 and forecasts a 12- to 18-month buildout. The project cost was not disclosed.
Another out-of-town developer is making an even bigger bet than Bonaventure on Scott’s Addition. South Carolina-based Greystar filed plans last fall for 350 apartments at the former Relay Foods warehouse at 1601 Roseneath Road. Work has not yet begun on that project, though last month demolition permits were filed for the site.
Scott’s Edge II would be flanked by new businesses on either side, with auto shop Ironwood Automotive to its left and winery Brambly Park to its right.
A vacant warehouse at 1702 Belleville St. was recently sold and would be razed to make way for Scott’s Edge II, a mixed-use project that would add 203 apartments across two buildings in the northwest corner of Scott’s Addition. (Mike Platania photo)
Just under a year after buying into Scott’s Addition, a Northern Virginia-based firm is looking to add to its footprint in the neighborhood in a big way.
Bonaventure Realty Group last week submitted plans for Scott’s Edge II, a mixed-use project at 1700 Belleville St. that would add 203 apartments across two buildings in the northwest corner of Scott’s Addition.
The project would be a new-construction extension of the original Scott’s Edge, the 94-unit apartment complex Bonaventure bought last year for $18 million. Scott’s Edge was among the neighborhood’s first adaptive reuse projects from 2013.
Scott’s Edge II would be constructed on several lots totaling 1.5 acres spread across 1604, 1700 and 1702 Belleville St., all of which Bonaventure purchased via piecemeal transactions over the course of a year for a combined $2.45 million.
The last of those three deals closed last week, when it paid $1.4 million for the 0.3-acre plot at 1702 Belleville St. The property is currently home to a vacant warehouse. Divaris Real Estate’s Read Goode and Cheryle Toy had that listing.
Bonaventure CEO Dwight Dunton III said over the summer that the company didn’t have any immediate plans to redevelop the land. However, last week he said things have moved faster than the firm had initially forecasted.
“Our long-term strategy of being patient owners in a fast-growing neighborhood has gotten microwaved,” Dunton said. “I think the speed of Belleville is just a reflection of the desirability of the neighborhood and the effect of activity begetting more activity.”
A drawing of one of the buildings, which would include a shared rooftop area. (Courtesy city documents)
Dunton said the plans for Scott’s Edge II are still a work in progress, but initial filings show it would add 203 apartments units across two 5-story buildings. Underneath the buildings would be parking decks with 256 spaces.
The ground floors would have an unspecified amount of commercial space and the rooftops would be used as amenity space for residents.
“It’s going to be a class-A multifamily community. We think there’s still lots of demand to live in Scott’s Addition,” Dunton said.
Missouri-based J. Price Architecture is the project’s designer, Timmons Group is the engineer and buildout would be led by Bonaventure Construction, the firm’s in-house general contractor.
Bonaventure is hoping to break ground in the fourth quarter of 2021 and forecasts a 12- to 18-month buildout. The project cost was not disclosed.
Another out-of-town developer is making an even bigger bet than Bonaventure on Scott’s Addition. South Carolina-based Greystar filed plans last fall for 350 apartments at the former Relay Foods warehouse at 1601 Roseneath Road. Work has not yet begun on that project, though last month demolition permits were filed for the site.
Scott’s Edge II would be flanked by new businesses on either side, with auto shop Ironwood Automotive to its left and winery Brambly Park to its right.
Can BizSense explain the site plan further or provide a picture? How can Ironwood and Brambly be on opposite sides per the last paragraph when the project site per the blue shading is south of both?
Also, any comment on the Richmond 300 planning goal of connecting Norfolk St thru this site and the tracks to Hamilton? Does the site plan leave room for that future connection or nix it? Thanks.
If Norfolk Street were to be extended across the subject site and under I-195, it would cut that site in two, and involve a raised railroad crossing which would have to approved by CXS, no small achievement. I’m not even sure it’s a good idea to create a heavily travelled thoroughfare across Scotts Addition, which promotes itself as a “walking community”, defeating one of its selling points.
No small achievement or not – that connection is adopted explicitly into the final version of the Richmond300 plan which goes before council next month. I’m curious as to whether or what leverage PDZ staff has to act on this or if Richmond 300 will just be another document on the shelf. Also, nice piece of land here, cutting the site would probably leave plenty of room for 203 apartments – looks like there will be 2 smaller buildings anyhow – would be nice to see a site plan of this to clarify arrangement of buildings at that intersection, maybe… Read more »
I’d say if they build this, that connector is toast. No way will the city have the money to condemn and destroy an apartment building.
300 plan is bound to be another document on the shelf. The city needs to stop wasting money on plans and studies.
I wasn’t sure if the extension of Norfolk was supposed to be a road connection or a pedestrian/bike connection. If it is a pedestrian/bike connection it could be moved or designed to impact the site less. The important thing would be that there is still some type of connection there.