Construction on three-building mixed use development in Scott’s Addition begins next month

The project, which will replace the former Symbol Mattress Factory, will include 200 apartments and 55,000 square feet of commercial space.

March 1, 2016; 11:06 AM • by Trevor Dickerson

From Wendy Craighill at the Scott’s Addition Boulevard Association:

Scott’s Addition Boulevard Association continues its hot streak with another intersection’s revival through mixed-use real estate. The former Symbol Mattress Company facility that is located at 1814 Highpoint Avenue (at the northwest corner of Highpoint Avenue and Rockbridge Street) will be demolished as part of the new construction. The project will sit on an L-shaped 3.25-acre parcel that stretches along MacTavish Avenue from Rockbridge Street to the train tracks north of Scott’s Addition.

This three-building development is being headed by Richmond-based Spy Rock Development and joined by Washington-based The Holladay Corp. At the end of the project, there will be three new buildings as part of a mixed-use development in the heart of Scott’s Addition. It will include two buildings housing 200 apartments and about 55,000 square feet of commercial space. The first residents should move into the apartments in spring 2017. The two apartment buildings will offer one- and two-bedroom units with full, upscale features and on-site amenities of nearly half an acre of green space, a pool, fitness facilities, club room, a rooftop deck and 293 parking spaces.

At one point, Basham was quoted at including a walking path as part of their development, “It is part of what I think needs to be a broader approach by the city to get bike trails and provide active spaces,” Basham said. That green space still seems to be part of the plan as the developers will work with the city on the first phase of a walking-biking trail that is planned for the area. “There is great momentum in the neighborhood right now,” Basham recently said.

The current Symbol Mattress Factory will be demolished. Photo: Trevor Dickerson/RVANews