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Real Estate

Venable Street lot listed for $2,100,000

The lot at 1900 Venable Street is for sale for $2,100,000:

One of the last large tracts available for development in the City, this property is ideally situated between thriving Union Hill and bustling Shockoe Bottom. This 3.627 acres boasts stellar views of the downtown skyline and would make a perfect site for high-end rowhouses or a large scale mixed-use development or both! The downhill portion of the site is zoned B-5 and allows for townhouses, multifamily, office, commercial, etc. Preliminary architectural studies show that the site can easily accommodate 200+ units that would have premier views and access to downtown and VCU Medical Center. The uphill portion of the site is zoned R-53 and allows for townhouses and duplexes.

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Michael Carter
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Michael Carter

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Brandon Powell
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Brandon Powell

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Tammie Lyle
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Tammie Lyle

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Matt Drake
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Matt Drake

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Barbara Crockett Lagasse

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David Roscoe Fauver
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David Roscoe Fauver

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Fredrik Lundström

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Drew Harrison

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Alex Goodmundson

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Thomasbc Rogers

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Robbie Summey
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Robbie Summey

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Leslie Reilly

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Lynn Steele McGregor
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Lynn Steele McGregor

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M Aaron Campbell
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M Aaron Campbell

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Michael Grabow
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Michael Grabow

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Lerence Lubigan
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Lerence Lubigan

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Katarina Pace
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Katarina Pace

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Rachel Woolwine Davis
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Watching this like a freaking hawk.

UH Lover
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UH Lover

Urban Gods, I have not asked you for much, please bring upon us something of quality. Please not more low-quality condos. Help us continue the work we’re doing to strengthen our neighborhood. We’re doing great work as a community! Keep us safe. Keep our neighborhood interesting. This is your chance to bridge the gap between downtown and the once drug-riddled and dangerous Union Hill. Please help us maintain our momentum. We have the potential of any major urban neighborhood in the country. Please!

Jay Mass
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Sure it isnt already sold

Victoria McGovern
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Here comes more faux luxury condos.

Gale Bowles Giegerich
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Apparently, you can never have too many.

Michael Grabow
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Michael Grabow

More tax revenue \_()_/

Victoria McGovern
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Michael is that tax revenue supposed to entice? That’s not going to do anything for the average Richmond community member, that’s going to be forced out of their neighborhood to make room for high rollers. Aside from that, Richmond loses its diverse and eccentric community, historic appeal and charm, not to mention there are tons of already built properties that need love and attention, but are becoming more and more unaffordable for the average hardworking individual. And don’t get me started on the incense in property taxes that are on the rise. Just go see what original locals of places… Read more »

Victoria McGovern
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Michael is that tax revenue supped to entice? That’s not going to do anything for the average Richmond community member, that’s going to be forced out of their neighborhood to make room for high rollers. Aside from that, Richmond loses its diverse and eccentric community, historic appeal and charm, not to mention there are tons of already built properties that need love and attention, but are becoming more and more unaffordable for the average hardworking individual. And don’t get me started on the incense in property taxes that are on the rise. Just go see what original locals of places… Read more »

Rita Austera
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Rita Austera

And where will an extra 200 units park? 2 csrs per unit is 400 cars! Fingers crossed for row houses!

Brooke Schmerge
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No! No! No! No! No! There is nothing good that can possibly come of this unless I there’s someone out there with 2 mill that wants to drop it on a nature preserve or something. So sad for our tiny little neighborhood!

Brande Morrison
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Can’t we just keep the trees??

Paige Tucker
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I agree, Brande. Do we really need more development? NO

Kimberly Jones
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They had sign out there for weeks for people to call. Sign is gone now I’m sure not too many people called. The parking is crazy and is going to get worst when they build those apartments.

Mindie Ballard
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I get where you’re coming from but have you been to the schools in this district? I can tell you first hand that they can use some of that property tax money.

Victoria McGovern
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Mindie absolutely and I completely agree, but ultimately and sadly, we don’t invest in people or areas until they have $$, the schools then fix themselves once the low income residents are pushed out, forcing current students to other school areas and districts still in need of help, because we are making way for higher income families. I’m for progression and the community has been building and doing a nice job. But lately, investors not from the community are coming in to just make money, not nurture and build community. My foresight comes from where I grew up, and what… Read more »

Jameson Price
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Turn it into a park!!

Mindie Ballard
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It’s a double edge sword isn’t it?

Michael Grabow
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Michael Grabow

What type of development do you think would work on this 3.6 acre $2.1m lot that would maintain the things you listed? I mean, yeah, there isn’t going to be an immediate and visible impact on the average citizen, but what does that? It certainly helps long term though. I’ve seen my property taxes rise the past few years, but in the end it’s additional funds for the city.

Michael Grabow
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Michael Grabow

What type of development do you think would work on this 3.6 acre $2.1m lot that would maintain the things you listed? I mean, yeah, there isn’t going to be an immediate and visible impact on the average citizen from the additional revenue, but what does that? It certainly helps long term though. I’ve seen my property taxes rise the past few years, but in the end it’s additional funds for the city.

Victoria McGovern
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Michael Grabow In my perfect world? Call my crazy, but absolutely nothing. Maybe a preserve. As I mentioned, where I grew up the last patch of grass was sold to Walmart. By the time I left, I couldn’t breath from fumes it was so congested with pollution, people, buildings, and cars. There is already plenty of development here that can be improved upon rather than knocking down trees in exchange for new buildings that are going up overnight that are not quality made. Yet marketed as luxury. We have plenty of that luxury in Short Pump, yet now it’s slowly… Read more »

Victoria McGovern
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Michael Grabow In my perfect world? Call me crazy, but absolutely nothing. Maybe a preserve. As I mentioned, where I grew up the last patch of grass was sold to Walmart. By the time I left, I couldn’t breath from fumes it was so congested with pollution, people, buildings, and cars. There is already plenty of development here that can be improved upon rather than knocking down trees in exchange for new buildings that are going up overnight that are not quality made. Yet marketed as luxury. We have plenty of that luxury in Short Pump, yet now it’s slowly… Read more »

UH Lover
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UH Lover

What the heck else do you guys think is going to go there? The lot is next to downtown. We have plenty of parks. Medical students need somewhere to live. This development is crucial to the success of what the city is developing downtown- like the 17th St. Farmer’s Market. It’s prime urban property. Richmond is rising to a new level. This development isn’t going to make a difference one way or another. Just let it go. Like the article says, it’s one of the last remaining tracts of land in the city available for development. I mean, if you… Read more »

Kevin Moore
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That picture doesn’t show you that it’s the side of a cliff and it’s surrounded by projects and the jail

Emily Klinedinst
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Conveniently located near the liquor store.

Bill
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Bill

Steep site.

William Bagby
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I have very fond memories about that hill, we used to slide down the hill towards Venable using cardboard boxes we got from Acme Grocery back in the day. Snow on the ground during winter and pine needles on the ground during summer… didn’t matter.

BAF
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BAF

Often on CHPN, people want to criticize the plans of property owners and developers who have already sunk money into their projects and have taken financial risks. This is different. People like Victoria with definite ideas of what is or is not appropriate can buy the property and follow their passion with it (within current zoning regulations). The person who buys this property will determine its fate within the zoning regulations. Maybe some folks here need to pool their money together to build their vision or to keep the property untouched. Maybe some folks here need to find a developer… Read more »

Lee
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Lee

@BAF – While I see your point, you’re implying that wealth alone is the yardstick by which we should measure… Everything? Markets are an idea (free markets or otherwise) and properties rights are ideas that we use to organize our economy, sure, but you seem to think that they are all that matter. The neighbors in the surrounding community shouldn’t have the exclusive right to decide what gets built there, but would you agree that they should have some say? I mean, where do you draw the line – is building code or zoning too much “community oversight” for your… Read more »

Molly MacBean
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Molly MacBean

I think we need to mobilize now before developers sink their teeth in. Any idea where to start? Who owns the property?

BAF
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BAF

@Lee: Actually they have had their say. Their say comes through their vote and their voice in government. That government sets the zoning and the regulations for the property. If you want a different outcome on that property and do not want to buy it then this is how you do it–have City government change the zoning to a classification you think is appropriate BEFORE the property is sold. The real problem is that everyone wants to change the rules when its too late. Everyone here knows what CAN be built there under the rules. Knowing that, if you don’t… Read more »

Lee
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Lee

@BAF – You say this as if zoning is set in stone, when it can in fact be changed. An EXISTING use is permitted to continue when the zoning changes, but a prospective use right does not convey until the property is sold to a new owner. Furthermore, if people express a desire for it to be kept as parkland, there is no reason the city cannot take it for public use (with fair compensation, of course). I’m not in agreement with everything that others have said about how the property should or shouldn’t be used, but you seem to… Read more »

I love the Ratchets
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I love the Ratchets

Kinda hope they build some section 8

Chris Unger
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Chris Unger

It’s land that’s worth nothing except to put VCU med students in. And that’s good for everyone. They will walk and spend money at local restaurants. Church Hill should embrace that demographic.