Carytown Heights townhome project planned for lot at Thompson and Grove

Six buildings currently stand on the site.

A Carytown site once envisioned for a hotel is now slated for residential infill.  

Cornerstone Homes and Doswell Ventures are planning a 17-unit townhome development at 100 N. Thompson St. and 3600 Floyd Ave.

The 0.75-acre plot is where local hotelier KM Hotels had been planning a 127-room Residence Inn, but those plans never materialized after their 2019 filing. In 2020, Doswell Ventures, an investment group that includes some current and former higher-ups at local HVAC firm Woodfin, bought the land for over $3 million. 

Now Doswell and Cornerstone, the development arm of The Crescent Group, a Henrico-based real estate firm, are planning to tear down the six office and residential buildings currently on the site and build 17 for-sale townhomes in a project they’re calling Carytown Heights. 

Crescent Group President Mike Lang said they considered a few different developments for the site, including mixed-use, condo and apartment buildings, before arriving on townhomes. 

“It’s definitely one of those properties that has been underutilized, and it was sorely in need of redeveloping,” Lang said. “We’re pretty excited about it. We think it’s a great location and we think there’s a big need for new construction housing in the city.”

Preliminary renderings of the townhomes at the development. (City documents)

Each of the townhomes at Carytown Heights would be around 3,200 square feet and reach three stories. Lang said the units would be customizable for buyers, including an option for a fourth-floor attic and deck. 

Crescent and Doswell are seeking a special-use permit to entitle the project. Baker Development Resources is representing them in the case, which is not yet on a Planning Commission agenda. Johannas Design Group is listed in plans as the project architect. 

Crescent’s other ongoing work in the region includes a much larger residential development in western Chesterfield: a 550-unit age-restricted subdivision near Magnolia Green. Lang said that project is still in the planning phase. 

Another new development is well underway a block north from the Carytown Heights site at 3600 Grove Ave. Flournoy Development Group out of Georgia is building a six-story, 253-unit apartment building on the site of the former Windsor Senior Living complex. 

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