Texas firm scraps redevelopment of Quality Inn site in Northside
A longtime Northside hotel is getting to extend its stay near The Diamond.
The Quality Inn Central hotel at 3207 N. Arthur Ashe Blvd. is no longer being targeted for redevelopment by Trinsic Residential Group, multiple sources say.
The Texas-based developer put the property under contract in late 2022, with plans for a five-story, 375-unit apartment building to replace the hotel.
But Trinsic decided to punt on those plans in recent months, according to sources with knowledge of the development. Representatives for Trinsic did not respond to requests for comment by press time.
The 176-room hotel remains open for business.
Trinsic, which according to its website has built over 20,000 high-end units across the country, had been working on a rezoning request for the property but never filed a formal application, city planning files show.
The roughly 4-acre site is owned by an entity tied to Bill Patel, who couldn’t be reached. The city most recently assessed the real estate at $6 million.
While it remains open as a hotel, the property also remains in the line of progress in a rapidly changing part of the city. It sits just north of the city’s planned Diamond District site and the Flying Squirrels’ new ballpark that’s under construction. It’s also within eyeshot of the Hermitage Richmond retirement community, which recently unveiled a $120 million expansion.
The post Texas firm scraps redevelopment of Quality Inn site in Northside appeared first on Richmond BizSense.
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