201 W. Commerce Road

201 W.​ Commerce Road is a prime 1-acre Development Site which is uniquely located at the Gateway Entrance to the Manchester district of downtown Richmond, Virginia.​ 

This prime Development Site is Zoned B-4, which is the City of Richmond’s – Downtown Central Business District Zoning.​  This approved Zoning is the most flexible any property can have in Richmond and is ideal for any type of project such as: Multi-family, Mixed-use with Retail / Commercial / Office, Hotel, or an Urban Senior Living development.​  

The B-4 Zoning (Central Business District) also allows for unlimited building heights, as well as no parking mandates or requirements.​  A tall building on this property provides a direct line of sight for Signage to be seen from both Interstate 95, the I-95 Bridge over the James River as well as the I-195 / Downtown Expressway Exit with an Average Daily Traffic count of over 133,000 vehicles per day.​ 

In addition to access to and from Downtown Richmond, this property has access via the newly redeveloped Maury Street / Commerce Road Exit as a roundabout exit off of Interstate 95 in both the North and South directions.​  

This property has the benefit of 330 linear feet of street frontage along West Commerce Road / 9th Street, which is the main 6-lane artery connecting Manchester to downtown Richmond via the 9th Street / Manchester Bridge landing at the south bank of the James River.​  Another compelling attribute of this site is having two (2) hard corner intersections access points and intersections which occur on West Commerce Road at both Perry and Porter Streets.​  Each hard corner intersection of this site at Commerce Road also has dedicated turn lanes in each direction.​   

In addition to the Opportunity Zone and Enterprise Zone location, the most compelling amenities of a new development on this site will be its’: Location, Views of both the James River, the Downtown Richmond Skyline, as well as the views and proximity to Browns Island and the James River Park System.​ 

This property could accommodate up to one million square feet of development space (1,000,000 SF) which would include up to 30,000 SF of Retail / Commercial Space with a drive-thru component at the Street level.​  On top of the street level space and amenities, this site can accommodate up to a 700-vehicle parking deck (roughly 250,000 SF) within 6-7 levels of above grade structured parking.​  On top of the Parking Structure / podium there could be up to 600,000 SF of development space (600 luxury apartments or another mix of uses) within a range of 20 to 30 Residential Floors.​  The vertical building component(s) of a development could consist of: a single Residential Tower, two Residential Towers, or a mix of a Residential Tower with a separate Hotel Tower.​  There is also an opportunity to have two levels of a separate and private below grade parking structure with up to 200 to 300 Parking Spaces (80,000 to 120,000 SF).​   

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