6-storey apartment building intended for Broad Street parking

The development site is currently a parking lot between the Bank of America branch and Lalo’s Cocina. (Photo by Mike Platania)

Another of Richmond’s surface parking lots may be in the process of being transformed into residential use.

Zac Frederick’s Crescent Preservation & Development Co. is planning a multi-family development at 2613 W. Broad St., which is currently a parking lot for a Bank of America branch next to Lalo’s Cocina Mexican restaurant across from the Science Museum.

Tentative plans for the site include a six-story, 39-unit apartment building, but Frederick said they were still in the early stages of design.

Zac Frédéric

“We are still studying the exterior design in communication with the city,” Frederick said, adding that he is also considering a residential project for sale or office space for the site.

Frederick purchased the approximately 0.2 acre site with the neighboring Bank of America branch in 2016 for $ 1.2 million. The intention was still to eventually develop the parking lot, which is zoned B-5 Central Business District. In order to build six floors, Frederick asked the city for a special use permit.

“(The plan) is really about maximizing density while respecting the zoning and desires of the neighborhood,” he said.

Frederick said he would like the design for the building to be finalized and ready to be presented to the city’s planning commission in late January or early February.

Jennifer Mullen of Roth Jackson represents Crescent in the zoning dossier and Walter Parks Architects is the designer of the project.

A first design of the building, which could include 42 parking spaces in a terrace on the ground floor.

This is one of the few projects Frederick has underway in and around Richmond.

It has partnered with another local development company Spy Rock Real Estate on a 580-home project on the site of the former Henrico Plaza, as well as the Brewer’s Row project that rises around the Hardywood Park craft brewery. near The Diamond.

In Church Hill, he’s also working to bring over a dozen townhouses and condos from a former auto garage site to 2018 E. Broad St.

“East Broad is moving forward as planned. We are now in the construction drawing phase, ”said Frederick. “I hope to start construction in the second quarter of 2022.”


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