Jonathan Spiers at Richmond BizSense has more info on the apartment building proposed for Mosby (right by Wheel Simple):
“Sam Tuttle’s Streetcar Properties is planning a three-story, 15-unit apartment building at 715 Mosby St., between Carrington and Venable streets and across from the Jefferson Townhouses rental complex.
While the apartments would be new construction, Tuttle is looking to capitalize on the site’s location within a state Opportunity Zone, which makes the project eligible for potential tax benefits for its investors. He said he’s also pursuing financing that would set rents at what he considers a market rate for that area. He said specific rental ranges would depend on that process playing out. He did not disclose a cost estimate for the project.”
The property at 715 Mosby Street, originally built as a fast-food restaurant, has most recently served as a small market. A proposal surfaced in 2009 to redevelop the property to roughly the same scale as the current proposal, to which neighbors at the time took issue with what many felt was a generic suburban design.