400 apartments planned for Northside site near Six Points

The 23-acre plot is currently a wooded area off Rady Street. (Google Earth)

Hundreds of apartments for lower income residents are on the drawing board for the Northside as an out-of-town real estate firm continues to go big in Richmond.

Elmington, a Nashville, Tennessee-based developer, has filed plans to build up to 400 apartments on a 23-acre parcel at 2811 Rady St. near the Six Points neighborhood.

The units would be available for residents earning up to 60 percent of the area median income and, if approved, the project would be one of the highest density housing developments for lower income renters in the city in recent years.

It’s one of two major housing developments Elmington is pursuing in Richmond. A few weeks ago the company announced plans for a 260-unit low-income project at 2201 McDonough St. on the Southside.

The company is seeking a special-use permit to green-light the Rady Street development, which would reach four stories high. Further specs weren’t outlined in its plans. 

Elmington spokespeople did not respond to requests for comment by press time. 

The Rady Street development, like the McDonough Street project, would be under the Elmington Affordable brand. The company also has multifamily, senior living and construction divisions. 

The 23-acre wooded site on Rady is zoned industrial and owned by Fredericksburg-based Payne Trucking, which also wasn’t available for comment.

The parcel is designated for industrial use in the city’s Richmond 300 Master Plan, but Elmington notes in its SUP application that it is close to the Six Points neighborhood, which the Master Plan designates for “more neighborhood services and residential uses.”

“While this project does not align with the recommended industrial designation, it fulfills other objectives in the Master Plan, most importantly, the creation of affordable housing,” Elmington writes in its application. 

Williams Mullen’s Preston Lloyd is representing Elmington in the entitlement process for both the Rady Street and McDonough Street proposals. 

Elsewhere in Northside, Virginia Supportive Housing is planning to build a four-story, 83-unit affordable housing development across the street at 2900 Rady St., and a few blocks to the west is the former Mizpah Presbyterian Church, which is being redeveloped into a 66-unit, income-restricted development. 

The post 400 apartments planned for Northside site near Six Points appeared first on Richmond BizSense.