RICHMOND, Va — About seven acres of prime Fan area real estate is being put into play for the first time since the days of the electric trolley car. The Greater Richmond Transit Co. last week issued a request for proposals for the sale of its bus depot property at 101 S. Davis Ave., just south of the Fan District and east of Carytown.
A sale would open up potential development on the 112-year-old property and its nine buildings that total 112,000 square feet. The site is bounded by Cary Street, Grayland Avenue, Stafford Avenue and Robinson Street.
Spokeswoman Carrie Rose Pace said GRTC plans to sell the property in “a way that provides the most value to the company.”
“We know there’s been a lot of interest from various development groups,” Pace said. “We certainly hope and anticipate that something will come through with great value to create a project that will transform the site.”
Proposals for the property will be accepted until July 8, and the winning bid is scheduled to be chosen in September. A pre-proposal conference and property walkthrough is scheduled for June 10.
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