Another block of Manchester is being positioned for redevelopment, this time on the southern end of the neighborhood.
Nashville-based Tessera Development is looking to convert 500-520 Commerce Road from an industrial site into a mixed-use project, according to documents recently filed with the city.
The 2.1-acre parcel occupies the entire block bounded by Commerce Road, Albany Avenue and East Eighth and Marx streets.
TruckPro, a national chain of tractor-trailer parts and service shops, has operated on the site for over 50 years. Tessera bought the property in 2018 and shortly after renovated it for TruckPro.
Last week Tessera filed a request with the city to rezone the site to TOD-1 Transit-Oriented Nodal District, a designation that would allow for a mix of uses and up to 12 stories in height.
Tessera principal Andrew Stone said in an email that they’re seeking the rezoning to conform with the Richmond 300 master plan, but the rezoning application paints a clearer picture of what Tessera might be looking to eventually do with the site.
“Given the site’s location adjoining the Manchester Node and the other nearby rezonings to TOD-1, the impetus is in place to transform this area into a more prominent destination,” Tessera’s application states.
“Given market conditions (Tessera) anticipates a mixed-use building, with ground floor commercial and dwelling units above for the site.”
Further details about the possible redevelopment were not included in the application. Tessera’s rezoning request is not yet scheduled to be heard by the Richmond Planning Commission.
Tessera’s portfolio counts five other properties, two of which are TruckPro locations and three of which are steel manufacturer distribution sites in Tennessee and Louisiana. TruckPro has over 145 locations, with the Commerce Road spot as its only one in the Richmond region. TruckPro wasn’t available for comment by press time.
The parcel is in a primarily industrial part of Manchester, though developer interest has begun swirling in that section of the neighborhood in recent years.
Last fall local firm Larson Development successfully rezoned 1003 Commerce Road to TOD-1, while a mystery developer rezoned the UPS logistics center-occupied plot at 600-614 Maury St. and 601-603 Albany Ave. Then this past summer Property Results listed the Stella 360 apartments at 300-360 Stockton St. for sale as a redevelopment opportunity.
The area also drew the interest of furniture retailer LaDiff, which relocated to 1011 Commerce Road after selling its Shockoe Slip complex.