Commercial Real Estate

Split across a pair of seven-story buildings, the project along Arthur Ashe Boulevard would be among the highest-density developments seen in the city in recent years.

The pending deal was confirmed this week by Mark Motley, whose businesses own the nearly 6-acre parcel and recently picked up a warehouse at a Southside industrial park.

The massive mixed-use project is planned to bring hundreds of apartments, a hotel and new office buildings to the former Anthem campus near Willow Lawn, which is slated for its own transformation.

The office tenants will fill out two levels of the five-story building along with an apartments leasing office and Bon Secours, which was revealed earlier this year as the under-construction building’s anchor tenant.

Construction is getting started to convert the building’s top floors into three dozen apartments, replacing the nonprofit’s offices that have found a new home in Manchester.

The codenamed fulfillment center was said to be similar to “Project Speedway,” the 2.6-million-square-foot facility developed for Amazon near Richmond Raceway.

The deal marks the second time this year that a developer has spent $10 million or more on Museum District real estate.

Construction for one of the projects is set to start later this month. Both involve three-story buildings with residential units above storefronts.

For the second time this fall, the retail giant has struck a land deal next to one of its Richmond-area stores.

The project is being pitched as an alternative to Shamin’s current plans to build a hotel across the street at the Stonebridge development.