Developer Seeks More Units for Mixed-Use Project in Jackson Ward
December 22, 2016
Richmond Biz Sense
As its first Richmond development wraps up in Northside, a Washington, D.C.-based developer is moving forward with plans for its next residential project – the second of its trio of projects with the Richmond Redevelopment and Housing Authority.
Community Preservation and Development Corp., which this week started moving residents into its Highland Park Senior Apartments, a rehab of the old Highland Park Public School, will go before the city planning commission in January to request a revision to its plans for a mixed-use, mixed-income development in Jackson Ward.
The $32 million project, which would fill most of the city block bordered by First and Second streets and Duval and Jackson streets, is already approved for 182 apartments, 72 of which would be designated for replacement housing for residents of RRHA’s Frederick A. Fay Towers, across the interstate from the site near Gilpin Court.
While that number for replacement housing would not change, CPDC is seeking to increase the number of apartments to 194 and revise certain parts of the approved development plan. The remaining 122 apartments would consist of studios and two-bedroom units that would be a mix of affordable housing and market-rate rents. The development also would include 6,000 square feet of commercial space, 13 surface parking spaces and a 139-space parking deck on the 2.5-acre site.