Developers plan to extend Carytown beyond Boulevard
RICHMOND, Va. — Plans for the transformation of the former bus depot along West Cary Street will aim to extend Carytown across the Boulevard, developers said Thursday. Chris Johnson and Tom Dickey of The Monument Cos. presented what they envision for the seven-acre site at 101 S. Davis Ave. to a room of about 40 people at John B. Cary Elementary School.
Initial plans call for 280 apartments, 15,000 square feet of commercial space and 320 parking spaces. Two sites of new construction on Cary Street and at the corner of Grayland Avenue and South Robinson Street are included in the plans. Seven historic buildings will be renovated using historic tax credits.
“These will be very high-end, nice apartments,” Johnson said.
Johnson and Dickey, along with Howard Kellman of the Edison Co., comprise the LLC that has the property under contract to purchase from the Greater Richmond Transit Co.
The apartments will be rentals that cater to young professionals and empty nesters. The rent for each unit is expected to be about $1,300 per month. No commercial tenants have been selected for what the developers described as an extension of Carytown.