RICHMOND, Va. -- A former Dominion Energy-owned parking lot in the Fan is being eyed for what would be the largest new-construction apartment development the neighborhood’s seen in recent years.
Washington, D.C.-based Audeo Partners filed plans this week for a pair of four-story apartment buildings totaling 221 units on the 1.7-acre parcel at 2501 Grayland Ave.
Dominion had owned the Grayland Avenue lot and more than 3 acres surrounding it for decades before putting it all on the market in 2021. Audeo, as part of an investment group, bought the parking lot last year for $5.5 million. Audeo also paid $7.5 million for the neighboring former Dominion office complex at 2400 Grayland Ave., where it is already underway on converting the three-story building into 125 apartments.
