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A preliminary rendering of the proposed $86 million mixed-use development. (Courtesy Price Studios)

RICHMOND, Va. — One of the biggest new construction projects proposed downtown in years appears slated to fill the bulk of a city block beside Richmond CenterStage and the Hotel John Marshall building.

Developers are eyeing about three-fourths of the block between East Grace and Franklin streets and North Sixth and Seventh streets for an $86 million mixed-use development. It would include at least 372,000 square feet of commercial and residential space above an 800-space parking deck and 28,000 square feet of street-side retail space.

The project, preliminary in design, could include a tower rising as high as 18 stories, as shown in renderings presented to the Richmond Planning Commission on Monday. It would replace or add onto a six-level parking deck and surface parking that currently fill the block. It would not involve four privately owned parcels at the corner of Franklin and Seventh streets.

The commission endorsed a request from the city’s planning and economic development departments to declare the city-owned properties surplus and sell them to City Center Development LLC, an entity led by Robert Englander of locally based Cathford Consulting, whose projects have included the Turning Basin building in Shockoe Slip.

Englander worked on that project with local construction firm Taylor & Parrish, which is working with Cathford on this project. Local firm Price Studios is the designer.

“Our goal is to make this a destination project–an architectural gem,” said Brent Graves, a principal with Taylor & Parrish.

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