RICHMOND, Va. -- The planned redevelopment of an entire block of Scott’s Addition could be on ice for the next 16 years after a recent court ruling.
Last week a Richmond Circuit judge ruled that North Carolina-based developer Hem + Spire has the right to renew its lease on a 51-space parking lot at 3210 W. Marshall St., potentially keeping the lease active through 2040.
The surface lot is part of the former Party Perfect complex that D.C.-based Dalian Development bought for nearly $4 million in 2018. In 2021 Hem + Spire bought a mixed-use complex across the street at 1300 MacTavish Ave. for $10.8 million, a deal that included a lease for use of the off-site parking lot.
