Pear Street on the table again

12/02/2015 7:33 AM by

Jonathan Spiers of Richmond BizSense has word on new movement towards development at the Pear Street location that was so controversial back in 2013/2014:

Developer Louis Salomonsky is seeking to rezone two 0.75-acre parcels at the foot of Libby Hill: 2801 E. Main St., along the south side of Pear Street, and 2825 E. Main St., on the south side of Peach Street, a small street that is part of the Lofts at Shiplock Watch apartments.

The two properties, separated by the Lofts at Shiplock Watch, are both proposed for rezoning from M-1 light industrial district to B-5C central business district conditional. The change would allow for residential dwellings and commercial uses not permitted in industrial zoning districts.

Because the proposed use of the land did not match the zoning of the property, a previous proposal for development on the Pear Street lot would have required Special Use Permit (SUP)or the project to be built.

The land is currently zoned M-1 Light Industrial, which does not allow residential uses and limits building to 45 feet in height except under certain specific circumstances. The earlier proposal was to build a 16-story building, with up to 65 condominiums.

Developer David White said at the time that the only way that the project will work financially was if they were allowed the extra height.

Rocketts View SCP LP bought the property in December of 2001 for $131,250. The 2002 the property was assessed at $40,900. The assessment jumped to $197,000 in 2007 and then to $750,000 in 2013.



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