Building sale signals start of downtown YMCA redevelopment in Richmond

Posted at 6:22 AM, Dec 13, 2023
and last updated 2023-12-13 06:22:23-05

RICHMOND, Va. -- With two more property transfers that closed in recent weeks, the pieces are now in place for the planned redevelopment of the downtown YMCA complex to get underway.

The YMCA of Greater Richmond last week sold its Franklin Street building to the development group it’s working with to add market-rate apartments to the building’s top floors and in new-construction buildings planned to fill adjacent parking lots.

One of those lots, at the corner of Adams and Grace streets, also sold in recent weeks to an LLC tied to developer George Emerson, who’s heading up the project with frequent collaborator Phil Roper and fellow developers Tom Papa and Dennis Lynch.

Continue reading this story on Richmond BizSense.

EAT IT, VIRGINIA restaurant news and interviews



Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.