A vacant wooded lot at the edge of Shockoe Bottom is being primed for an apartment development.
Genesis Properties is preparing to break ground this summer on a $26 million, five-story project on a 3.6-acre L-shaped parcel at 1900 Venable St.
Plans call for 151 apartments, said Ed Solarz, Genesis’ director of development, with 72 one-bedroom, 68 two-bedroom and 11 three-bedroom units.
“It’s very close to the heart of downtown, and within walking distance of city hall and the state capitol,” Solarz said. “It’s also not too far from Shockoe Bottom, which is seeing a lot of activity.”
Construction on the project, which is yet to be named, is slated for August, Solarz said, with the complex set for delivery by late 2020.
If this is the same lot that was listed back in 2017, then a healthy argument developed in this story. Some folks called out the lack of green space in the city, while others call out that this is one of the last remaining pieces of land in the city available for development.