School closings and delays

See the new plan for old Interbake Foods warehouse in Scott’s Addition

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Rendering of the proposed development. (Spy Rock)

RICHMOND, Va. – -Plans for a prime piece of Scott’s Addition-area real estate have changed along with its ownership, following a pair of land deals including the neighboring River City Roll bowling alley site.

The Interbake Foods warehouse property at 947-949 Myers St. sold April 4 for $5.17 million to a group that includes Spy Rock Real Estate and principals with Stanley Shield Partnership. The deal includes an adjoining 0.7-acre property at 950 Terminal Place.

The group is eyeing the properties for a mixed-use development that would include residential units above commercial space, with surface parking filling out the nearly 2.5-acre Myers Street property beside the almost-open bowling alley and the Cookie Factory Lofts.

The same day, the group purchased the neighboring River City Roll site at 939 Myers St. for $2 million. The 1.7-acre property was most recently assessed at $2.29 million.

Spy Rock principal Andrew Basham said the bowling alley’s long-term ground lease for that property is unchanged by the sale.

Both properties had been owned by entities led by Midlothian-based Rebkee Co.

Click here to keep reading on RichmondBizSense.com.

Google Map for coordinates 37.564971 by -77.467461.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.