Residential Tower, 800-Space Parking Garage Proposed For Grace Street Lot Across From Carpenter Theatre

12/6/16

By Ned Oliver, Richmond Times-Dispatch

A Richmond development partnership is floating a plan to construct an $86 million residential high-rise across from the Dominion Arts Center’s Carpenter Theatre downtown that would include ground-floor retail and an 800-space parking garage.

The principals of City Center LLC said designs remain very much in flux, but showed the Planning Commission a rendering Monday that depicts an 18-story structure on the block bounded by Grace, Sixth, Seventh and Franklin streets.

The property is owned by the city and currently houses a surface parking lot and a parking garage built in the 1920s that is largely disused due to structural problems.

READ FULL ARTICLE HERE