A rendering of the proposed apartment building. (County documents)
A new proposal for a site previously approved for a six-story apartment building would add more residential density – and height – beside Willow Lawn.
Aurelie Capital is looking to build an eight-story apartment building at 4907-4911 Augusta Ave., Henrico documents show.
The 188-unit structure would replace a one-story office building that’s currently on the site next to the Gold’s Gym at the shopping center.
Based out of New York City, Aurelie Capital is best known locally for Ainsworth, a mixed-use development that brought nearly 300 apartments and townhomes to the Laurel area of Henrico.
As work at Ainsworth began to wrap up this spring, Aurelie began plotting this next move by purchasing the 0.7-acre Augusta Avenue property for $3 million from local developers Jeremy Connell and Scott Boyers, who in 2022 began planning a six-story, 160-unit apartment building.
Connell and Boyers’ project never got underway and Aurelie is now looking to go taller and add more density on the site.
Aurelie recently filed both a rezoning request and provisional-use permit application with Henrico to entitle the new development. The existing office on the site would be razed to make way for the new structure.
Aurelie Managing Principal Pavan Malhotra declined to comment on the project at this time.
The new building would count 120 one-bedroom and studio apartments plus 68 two-bedroom units, with no commercial space planned. Amenities would include a pool and 188 parking spaces, 176 of which would be in a sub-surface parking deck, county documents show.
A one-story office building currently sits on the site. (Google Earth)
Planning documents list Timmons Group and Hickok Cole as the project engineer and architect, respectively.
Aurelie’s rezoning and PUP requests are both listed on the agenda for the Henrico Planning Commission’s Oct. 10 meeting. Roth Jackson’s Jennifer Mullen is representing Aurelie in the entitlement process.
Aurelie’s building would be one of many new residences en route to the Willow Lawn area.
Last year the owner of the shopping center had the 37-acre property rezoned, as it’s planning a major redevelopment of the property that’ll add thousands of residential units and new commercial space over the next 20-plus years.
The county also recently approved a rezoning request for the Reynolds Crossing complex a bit farther west, where the Reynolds family is looking to redevelop much of the complex’s existing parking lots into over 1,200 new dwelling units.