Thalhimer scraps Arthur Ashe Blvd. apartment project, sells land to HCA

HCA ellen road1 Cropped scaled

The 1.2-acre site was previously eyed for 148 apartments. (Mike Platania photo)

A recent land deal within eyeshot of The Diamond has taken nearly 150 apartments off the board for the neighborhood and put the site in the hands of a healthcare giant. 

HCA Virginia last month purchased the 1.2-acre site at 1801 Ellen Road for $5.15 million. 

The Nashville, Tennessee-based health system bought the land from Thalhimer Realty Partners, which paid $2 million for the property in 2022 and had eyed it for a seven-story mixed-use building with 148 apartments and HCA as the main commercial tenant

While HCA is still planning to develop the land with a two-story emergency center, TRP has scrapped its plans for the apartment building, according to principal Jason Guillot.

Guillot said the decision to sell the land to HCA was driven primarily by rising construction costs and the development’s timeline.

HCA was eager to begin work on its emergency center, he said, and the overall project wasn’t a main priority for TRP, which has plenty of other development in the pipeline in the area, including the pending Diamond District development across the street. 

TRPellen1

A rendering of the building that was previously planned to rise near the intersection of Ellen Road and North Arthur Ashe Boulevard. (BizSense file photo)

The sale closed June 14, city records show. The city most recently assessed the 1.2-acre parcel at $1.6 million.

An HCA spokesperson said the company is still finalizing design and engineering work for the new emergency center and is hoping to have it open in 2026. It’s expected to span 15,000 square feet across two floors with 12 emergency room beds. 

The medical facility would be adjacent to a handful of new-construction restaurants such as Chipotle, Raising Cane’s and Starbucks that have been built as part of TRP’s Scott’s Walk development. More restaurants are planned there, including Toast New American Gastropub and Marco’s Pizza.

The change of plans takes 148 apartments off the drawing board for Arthur Ashe Boulevard, but hundreds more are presently under construction. 

TRP and Crescent Communities are nearing completion on the nearly 300-unit Novel Scott’s Addition complex near the train tracks, and work is underway on both The Ace, a 295-unit, eight-story development at 1117-1201 N. Arthur Ashe Blvd. and a six-story, 148-bedroom cohousing project next door at 1101 N. Arthur Ashe Blvd. The Greyhound bus station site across from The Diamond also is being eyed for a major residential redevelopment

HCA ellen road1 Cropped scaled

The 1.2-acre site was previously eyed for 148 apartments. (Mike Platania photo)

A recent land deal within eyeshot of The Diamond has taken nearly 150 apartments off the board for the neighborhood and put the site in the hands of a healthcare giant. 

HCA Virginia last month purchased the 1.2-acre site at 1801 Ellen Road for $5.15 million. 

The Nashville, Tennessee-based health system bought the land from Thalhimer Realty Partners, which paid $2 million for the property in 2022 and had eyed it for a seven-story mixed-use building with 148 apartments and HCA as the main commercial tenant

While HCA is still planning to develop the land with a two-story emergency center, TRP has scrapped its plans for the apartment building, according to principal Jason Guillot.

Guillot said the decision to sell the land to HCA was driven primarily by rising construction costs and the development’s timeline.

HCA was eager to begin work on its emergency center, he said, and the overall project wasn’t a main priority for TRP, which has plenty of other development in the pipeline in the area, including the pending Diamond District development across the street. 

TRPellen1

A rendering of the building that was previously planned to rise near the intersection of Ellen Road and North Arthur Ashe Boulevard. (BizSense file photo)

The sale closed June 14, city records show. The city most recently assessed the 1.2-acre parcel at $1.6 million.

An HCA spokesperson said the company is still finalizing design and engineering work for the new emergency center and is hoping to have it open in 2026. It’s expected to span 15,000 square feet across two floors with 12 emergency room beds. 

The medical facility would be adjacent to a handful of new-construction restaurants such as Chipotle, Raising Cane’s and Starbucks that have been built as part of TRP’s Scott’s Walk development. More restaurants are planned there, including Toast New American Gastropub and Marco’s Pizza.

The change of plans takes 148 apartments off the drawing board for Arthur Ashe Boulevard, but hundreds more are presently under construction. 

TRP and Crescent Communities are nearing completion on the nearly 300-unit Novel Scott’s Addition complex near the train tracks, and work is underway on both The Ace, a 295-unit, eight-story development at 1117-1201 N. Arthur Ashe Blvd. and a six-story, 148-bedroom cohousing project next door at 1101 N. Arthur Ashe Blvd. The Greyhound bus station site across from The Diamond also is being eyed for a major residential redevelopment

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Andrew Smithe
Andrew Smithe
16 days ago

I want to see the diamond happen as much as anyone. But given the recent bond issues, this sale also seems like a little insurance in the event construction doesn’t happen. Just food for thought.

Michael Boyer
Michael Boyer
16 days ago
Reply to  Andrew Smithe

Yes,the developments timeline,the author said it.

Boz Boschen
Boz Boschen
16 days ago

The land sold for $2M two years ago but was assessed this year at only $1.6M? Now it sells for over $5M? Okay assessor’s office, I hope you are actually tracking commercial sales.

Brian Glass
Brian Glass
16 days ago

A very nice profit for Jason and the other Thalhimer investors. The bonus is that they don’t have to deal with the uncertainties of construction costs, material delay and other construction factors. In my opinion this was a very smart decision.

John M Lindner
John M Lindner
16 days ago

I want the diamond redevelopment to work as much as anybody, but so far, I’m unimpressed. Low-rise development and fast food chains? Not much of an improvement. Let’s hope the next phase lives up to the hype.

Michael Morgan-Dodson
Michael Morgan-Dodson
16 days ago
Reply to  John M Lindner

And have you seen most of the free standing ER centers. One story small medical office with lots of parking and ambulance overhang. Do they have (or do they not need) a certificate of need from VDH?? Or is this another move by HCA to work to eventually close Retreat Hospital. I mean why does HCA need an ER 1.5 miles from an existing ER that is attached to a hospital??

Charles Frankenhoff
Charles Frankenhoff
15 days ago

I think you are right. Fan/retreat has basically no point, and would be worth a lot as an apartment conversion. I would guess the ER there is by far the busiest part.

New ER by the highway and they can sell the Fan. And frankly housing there would be a better use, it’s a win/win

Polgar Concertado
Polgar Concertado
15 days ago

COPN is not needed for a freestanding ER, but they do need one for a CT or MRI if they want to put one of those pieces of equipment in the building.

It’s a good location to grab the Scott’s crowd and the northside crowd, and then feed those patients to their affiliate hospitals.

Eric Viking
Eric Viking
16 days ago

The loss of density and the loss of adding 148 more residential units in the area are the big disappointments with this move. Really wish conditions were different. Would have loved to see more height here.

Steve Cook
Steve Cook
16 days ago

Just one more artist rendering that can be housed in the Richmond Museum of Buildings that Never Got Built. I hope they add a special wing for ball park drawings.

Michael Boyer
Michael Boyer
15 days ago
Reply to  Steve Cook

LOL!

Jason Burke
Jason Burke
11 days ago

This intersection is a train wreck and it will only get worse with this urgent care.I feel bad for diamond dog house and siewers.