NewsLocal News

Actions

Former DGIF headquarters could be transformed into hundreds of apartments

Default-Image_1280x720.jpg
Posted at 2:15 PM, Oct 29, 2015
and last updated 2015-10-29 14:15:37-04

RICHMOND, Va. — A Virginia Beach developer is trying to reel in a deal to transform a state agency’s former West Broad Street headquarters into hundreds of apartments and commercial space.

Kotarides Developers has filed a plan of development with the city to raze the Department of Game and Inland Fisheries buildings at 3900, 4000 and 4010 W. Broad St. In their place, the company would build new structures with plans for as many as 238 apartments and room for retail space.

DGIF, which relocated its headquarters to Villa Park III earlier this year, currently owns the West Broad Street property. It consists of three buildings on about 5 acres just east of the Henrico County line.

The plans show that Kotarides has proposed purchasing the property from DGIF, although the deal has not yet closed.

DGIF Outreach Director Lee Walker said the department cannot comment on the pending sale but said it is actively pursuing a potential buyer for the property. Divaris Real Estate is handling the listing. The properties were most recently assessed at a combined $5 million.

Continue reading on RichmondBizSense.com.