Over six acres of apartments and amenities.
Richmond BizSense has the news on a truly massive warehouse that will converted into apartments. The property is located at 1650 Overbrook Road and is longer than three football fields and used to be the Export Leaf Tobacco Company warhouse. It was purchased for $1.85 million.
The heads of Richmond-based Historic Housing have submitted plans to turn a 137,000-square-foot Overbrook Road warehouse building into a 173-unit apartment complex dubbed Overbrook Lofts.
David White would not say how much the project will cost. Site plans call for a pool, volleyball and basketball courts, a fitness center and a café over 6 acres at the corner of Overbrook and Hermitage roads.
White said the project was attractive because of its proximity to the Hardywood brewery, the Todd Lofts building, which his firm Main Street Realty also manages, and the ballpark site down the road.
The future of the area surrounding the Diamond has plenty of upside. Mayor Dwight Jones has a plan to tear down the Diamond and redevelop that section of Boulevard in favor a new stadium in Shockoe Bottom.
“I think the Boulevard is going to become a major retail center for the region,” White said. “We were thinking that that was a significant possibility at the time we bought the property and that just added to the value of it.”