RICHMOND, Va. — Work on the latest flock of Scott’s Addition apartments is underway.
Baltimore-based Sieck Floral Group is renovating 3210 W. Leigh St., its former wholesale distribution warehouse, into the 30-unit, $3.5 million Osprey Lofts.
Construction began in April and is led by Thalhimer Realty Partners, the development arm of local real estate firm Cushman & Wakefield | Thalhimer. Matt Raggi of TRP said the company is acting as a third-party developer on the project.
Sieck Floral purchased the 24,000-square-foot property in 2000 for $625,000 and had it rezoned for apartments last year. Jeffrey Geiger, an attorney with Hirschler Fleischer, represented the owners in that process.
“(Sieck Floral’s) business needs have evolved and changed, and they were not using it for their wholesale floral distribution, but they didn’t want to leave the neighborhood,” Geiger said. “They decided instead to reinvest in the community and contribute to the evolution of Scott’s Addition. They saw the evolution into a vibrant mixed-use community and wanted to be part of that.”
Plans call for an even mixture of one- and two-bedroom units, with one-bedroom units averaging about 600 square feet and two-bedrooms coming in closer to 900 square feet.
Osprey Lofts – named after an osprey that had built a nest on the building’s chimney several years ago, Raggi said – should be ready for residents by the end of this year and pre-leasing will start sometime in October.
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