A mysterious developer has launched a project to replace a nearly 60-year-old office building on West Broad with a mixed-use mid-rise building.
Three 1960s brick buildings at 4601-4625 W. Broad Street are under contract to be sold to an unnamed Annapolis, Maryland-based developer who will build a seven-story building on the site. We are planning to construct a building of
The plan was confirmed by Hirschler’s attorney Jeffrey Geiger, who represents the developer.
The one-acre site is now dominated by a three-story, 59,000-square-foot office building at 4623 W. Broad St. Near the Richmond-Henrico County line, he has two one-story buildings and three lots recently valued together by the city at $3.1 million.
Geiger said they’re in the early stages of planning, but initial plans include 150 apartments and a ground-floor commercial space facing West Broad.
Land zoning, TOD-1 Transit-Oriented Nodal District, allows for a mix of uses with up to 12 stories, but Geiger said special-use permits are required because of building setbacks and slope regulations. Said he was planning to pursue. He wants the building to be set back a little further from West Broad Street to help create wider sidewalks.
The property is located in the city’s Monument Avenue Park district, but is close to the Westwood area, which has seen an uptick in developer interest in recent years.
Head northeast across Broad Street, Phoenix’s Alliance Residential Company A vacant lot at 4400 West Broad Street will be built for 340 apartments.
Two local development companies also have major projects in the area. Planned by Spy Rock Real Estate Group A mixed-use building at 2001 Dabney Road, owned by Margaret Freund Fulton Hill Properties in the works A seven storey building at the intersection of Thalbro and Westmoreland. Each project brings about 250 apartments.
Also across the street New Popeyes Louisiana Kitchenwhich is planned at 4800 W. Broad Street.