Shoetree

Investment Overview

Zoned B-4, this property allows for unlimited building height, a minimum three-story requirement, and encourages dense, transit-oriented development. Ground-floor commercial use is required on major corridors like Broad Street, aligning perfectly with retail, dining, gallery, or boutique concepts—while upper floors can support residential or office uses. Located within both a Richmond Enterprise Zone and a CARE Program District, this property may qualify for city incentives. RVA Facade improvement program: https://www.rva.gov/planning-development-review/facade-improvement-program This is a strategic location within walking distance to VCU, the Convention Center, Jackson Ward, and Bus Rapid Transit (Pulse) stations—ideal for businesses and residents alike seeking access, culture, and visibility in one of Richmond’s most dynamic corridors.

Investment Highlights

• Define the urban center with dense, transit-oriented development.
• Encourage redevelopment and placemaking by using currently underutilized space (like surface parking lots).
• Improve the streetscape and enhance public safety through active, pedestrian-friendly environments.
• Design & Use Requirements
• Mixed-use character is emphasized: combining residential, commercial, and service uses.
• Active ground-floor uses (like retail or restaurants) are required on streets such as East Broad Street to keep the street lively.
• If residential units are included on street-oriented commercial frontage:
• The ground floor must include at least one-third or 1,000 sq ft (whichever is greater) of non-residential principal uses.
• These uses must have a minimum depth of 20 feet across the entire street frontage, except for access points.
• Building Regulation
• No maximum height, encouraging vertical growth.
• Minimum height of three stories to maintain density and scale.