Developers Spy Rock Real Estate and Crescent Development are now planning 950 residential units, at least 150 more than what was planned when Henrico announced the public-private project in May.
The Fortune 500 is relocating its global headquarters to a much smaller space in Henrico County after selling its longtime Hanover hub to VDOT earlier this year for $33 million.
The apartments would fill the basement and first and second floors of the 20,000-square-foot church building, which was constructed in 1891 as Venable Street Baptist Church.
The Henrico-based real estate firm had intended to build a four-story, 65,000-square-foot office in West Broad Village but instead has sold the parcel back to the owner of the shopping center.
The deal has consolidated ownership of a four-building office park in Midlothian’s Salisbury area, next door to the site of a $33M apartments development that’s about to get underway.
The wedge-shaped building along Arthur Ashe Boulevard was sold to the broker group and developer Dave McCormack by an LLC tied to development firm Rebkee.
The commercial real estate giant entered the local market a few years ago but had yet to set up a formal office in the Richmond area.
Apogem Capital is leaving Riverfront Plaza in favor of the 10,000-square-foot space that was left vacant by now-defunct ad agency Yebo.
Fulton Hill paid $1.8 million for the site in 2022. It’s the second recent listing in the Westwood area that includes approved plans and entitlements.
Behind the 78-unit project is a Bristol, Virginia-based firm that exclusively builds housing developments for lower income residents.
Update your browser to view this website correctly. Update my browser now