A rendering of the condominium constructing planned at Thalbro and Westmoreland streets, the place a plaza would entrance the intersection. (Courtesy of Henrico County documents)

Observe: This tale has been up-to-date with remarks from UTurn CEO Adrienne Wright gained soon after publication. 

The lure of Henrico’s Westwood region has drawn a downtown developer out of the town for her very first foray into the suburbs.

Fulton Hill Homes, led by developer Margaret Freund, is preparing a 7-story building with 253 residences at the intersection of Thalbro and Westmoreland streets, on land that right up until not long ago was section of the adjacent UTurn sports intricate.

Margaret Freund

The 1.8-acre web-site, now a parking good deal and greenspace, is throughout Thalbro from Ukrop’s Homestyle Foods’ company office and the recently concluded Tapestry West residences.

The web page was subdivided in February from UTurn’s greater home and sold to Fulton Hill in April for $1.8 million. Online assets information do not checklist a county evaluation for the subdivided parcel. UTurn’s 6.3-acre property, which is now 4.5 acres, was assessed in January at $5.4 million.

Ideas submitted to the county call for a seven-story composition with five ranges of flats higher than a two-amount parking podium. Elevations display the seven-tale constructing would achieve about 74 ft in top, taller than the five-tale Tapestry West apartments but comparable to the up coming-door Kinsale headquarters setting up.

Tapestry West, from Tennessee-based mostly Bristol Growth Group, is one of many apartment tasks introducing household improvement to the so-named Westwood space, the industrial corridor on the north aspect of West Wide Avenue amongst Westwood Avenue and Staples Mill Highway.

Other residences in the functions include Spy Rock Serious Estate Group’s 254-device constructing close to Topgolf, and the 340 flats that Alliance Household Co. is planning at the previous Motleys auction web site on Broad, a couple of blocks south of the Fulton Hill site.

Those buildings are planned to increase 5 and four stories, respectively. Another challenge prepared in the vicinity of Westwood’s northern finish – a 240-unit tower by a team led by Joe Marchetti Jr. – has been accepted to arrive at 10 stories in top.

The parking good deal and greenspace where by the constructing would increase is beside the white-colored UTurn creating and across the road from the Tapestry West and Kinsale parking deck. (Jonathan Spiers photograph)

Fulton Hill’s setting up would contain 2,500 square feet of ground-ground commercial space and 10,000 sq. feet of place for features, which include an inside courtyard and pool, eco-friendly area, and a plaza. The parking deck would total 299 areas, just one for each bed room in the constructing.

The residences would consist of mainly one-bed room floorplans, with 18 studios and 46 two-bed room units. The strategies do not include things like measurements or rents for the models.

Attained Wednesday, Freund declined to comment on the venture forward of a scheduled presentation to Henrico’s Arranging Fee subsequent week. The project calls for a provisional-use allow, which Freund is requesting from the county with representation from Andy Condlin, a regional attorney with Roth Jackson Gibbons Condlin.

In a personnel report, county planners suggest deferring the ask for at subsequent Thursday’s meeting to give the corporation time to give supplemental facts necessary by Henrico’s fireplace division. The report says the county could assistance the ask for after people details are supplied.

A conceptual web page plan displays the disputed fireplace entry and prepared features. (Courtesy of Henrico County paperwork)

In accordance to the report, the fire division does not aid the project’s conceptual structure as presented. Because the measurement and height of the making demands a 24-foot-broad obtain highway on all sides that do not confront a community street, the division says a turnaround for firetrucks is needed wherever the access roadways would result in a lifeless-conclusion fireplace lane.

Fulton Hill is doing the job on the venture with civil engineering agency VHB. Poole & Poole Architecture designed the creating and residences.

The employees report states that UTurn earlier utilised the web-site for parking and would go on operations on its remaining home, which includes a 160,000-square-foot constructing that also residences its Collaboratory of Virginia coworking house for nonprofits.

Adrienne Wright

CEO Adrienne Wright said UTurn and the Collaboratory are operating with Fulton Hill on options for furnishing amenities and companies for the apartments’ residents.

“We’re excited about the job,” Wright mentioned Thursday, introducing that UTurn had been approached by multiple developers given that it bought the building in 2005.

“I’ve regarded about the perform that Margaret’s been executing in Richmond. I feel that she’s heading to be truly terrific in this market for Westwood’s development simply because she delivers a sensitivity to mixed-use housing,” Wright mentioned. “I’m enthusiastic that she’s a section of the total advancement of this area.”

The advancement would be Fulton Hill’s initially outdoors the town, in accordance to its internet site. The company’s other developments include things like Artisan Hill, the Girl Byrd Hat creating and the Canal Crossing complex, exactly where it not too long ago started off an flats addition that will include 44 models previously mentioned the Buffalo Wild Wings.

Corrections: Tapestry West was developed by Bristol Improvement Group. An earlier version of this story stated a diverse developer. 

VHB is the civil engineer on the venture. Yet another agency earlier mentioned is not concerned in the venture.

Topics #developer #Real Estate #Real Estate Agency #Real Estate Biz #Real Estate Sale