Old bus and trolley depot near Carytown will be converted into a mixed-use project
A $44 million, mixed-use redevelopment project is coming to a site adjacent to Richmond’s popular Carytown shopping district.
Dubbed Cary Street Station, the project at the corner of Cary and Robinson Streets plans to transform a vacant historic bus and trolley depot into a hub for restaurants, retailers and office users as well as urban living, according to The Shopping Center Group. It is a retail real estate advisory firm with offices in 16 states across the country.
The developer behind the project is DKJ Richmond LLC, a partnership between associates of The Monument Cos. and The Edison Company, both based in Richmond.
JLL and The Shopping Center Group will serve as the project’s exclusive leasing representatives.
Plans for the commercial portion of Cary Street Station include two new commercial buildings totaling 16,000 square feet of ground-floor space with a 1,000-square-foot patio. The commercial space is adjacent to the original bus barn and depot buildings, which are being converted into 285 luxury rental homes.
Construction on Cary Street Station is underway with residents expected to move in later this year followed by the completion of the commercial space by next summer.
“Cary Street Station is a natural extension of the Carytown and Fan shopping and living experience,” David Andrews, a partner in The Shopping Center Group, said in a statement. “It will be the ideal link between these popular neighborhoods where residents meander the streets, shop locally and embrace the vibrant food scene.”
Andrews added that the developers are pursuing various chef-driven concepts with Richmond’s most notable restaurant groups for the only dining space planned for the project – across the corner from the Acacia restaurant.
The Shopping Center Group’s 20 offices manage more than 11 million square feet of retail property.