VCU student apartments proposed for Chamberlayne
A proposed apartment complex on Chamberlayne Avenue could alleviate overcrowding at Virginia Commonwealth University and change the face of a North Richmond gateway. The Times-Dispatch has more: Virginia Commonwealth University’s swelling enrollment could help attract development to Richmond’s North Side. A Georgia-based company is proposing to build a 192-unit apartment complex along Chamberlayne Avenue that would be […]
A proposed apartment complex on Chamberlayne Avenue could alleviate overcrowding at Virginia Commonwealth University and change the face of a North Richmond gateway. The Times-Dispatch has more:
Virginia Commonwealth University’s swelling enrollment could help attract development to Richmond’s North Side.
A Georgia-based company is proposing to build a 192-unit apartment complex along Chamberlayne Avenue that would be geared for students at VCU and Virginia Union University.
The gated complex would be built on 11 acres east of Chamberlayne, just north of its interchange with Interstates 95 and 64, between Mitchell and Bacon streets. The industrially zoned property includes the vacated, fenced-off remains of the Usry mobile-home court.
Phenix Investment Associates of Scottdale, Ga., specializes in student-housing developments and says it saw the North Side site as a place to alleviate some of the pressures from VCU’s growth on the Fan District and Carver neighborhoods.
“It’s a matter of looking at what land is available in close proximity that could be utilized in a way that hasn’t been viable or looked at,” said Seth McMillan, a local consultant working with Phenix.
Phenix is seeking a special-use permit for the apartment project, which would represent an investment of $32 million and be called The Bellamy at Bacon’s Quarter.
Officials are aiming for an opening in fall 2010.
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