Developer files for demolition, building permits for Greyhound station on Arthur Ashe Blvd.

by Mike Platania

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A rendering of the development that’s planned to replace the existing Greyhound station. (City documents)

The redevelopment of the Greyhound station on Arthur Ashe Boulevard appears to be moving forward. 

Demolition and building permits were filed last week for the mostly dormant bus terminal at 2910 N. Arthur Ashe Blvd.

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The first phase’s building is planned to include commercial space fronting Arthur Ashe Boulevard.

Allen Investment Partners, a developer based in both New York and California, has been looking to redevelop the 5-acre site for over a year, initially filing plans for a 600+ unit mixed-use development in late 2023.

AIP, which has not responded to multiple calls and messages seeking comment, is now evidently looking to ramp things up. It’s filed to both demolish the entirety of the existing, 40-plus-year-old station and build the first phase of its new project: a 387-unit mixed-use building. 

Those permits are still under review with city.

Last fall AIP filed an amended plan of development for the site. It outlines a total of 657 units, 667 parking spaces and 14,400 square feet of commercial space, spread across a pair of 7-story buildings. Plans show 95 percent of the parking spaces would be in parking decks.

Several local firms are on the development team, including Poole & Poole Architecture, Timmons Group and Emerge Construction Group, which are listed in plans as its architect, engineer and contractor, respectively. 

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Greyhound recently began using The Plaza at Main Street Station as its local stop. (Mike Platania photos)

The aging Greyhound facility is currently owned by Twenty Lake Holdings, a subsidiary of hedge fund Alden Global Capital, and the station recently saw much of its bus traffic rerouted to Shockoe Bottom. 

Last November City Council approved an agreement with Greyhound to move the bus line to The Plaza at Main Street Station, the parking lot that sits right across Main Street from the train shed. The Arthur Ashe Boulevard station is still currently being used by FlixBus, which is set to likewise relocate its operations to The Plaza at Main Street Station in March. 

Even though both Greyhound and FlixBus are owned by Flix, a German-based transit company, their agreements with the city for operating at Main Street Station have quite different terms. 

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The existing bus station on Arthur Ashe Boulevard is still being used by FlixBus.

Greyhound’s agreement with the city runs through 2029 and includes a pair of 3-year options. FlixBus’s only runs for 90 days. Greyhound is paying a $14,640 annual lease to use The Plaza at Main Street Station, and its lease rate increases 2 percent annually; FlixBus is paying $3,660 for its roughly three-month stay. 

The Arthur Ashe Boulevard station is flanked by new construction, most notably in CarMax Park, the new baseball stadium that’s being built for the Flying Squirrels across the street. To the north is Novel Scott’s Addition, a 275-unit apartment building that was recently completed

The post Developer files for demolition, building permits for Greyhound station on Arthur Ashe Blvd. appeared first on Richmond BizSense.

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