Developers plan 200 affordable apartments at Walmsley Blvd. church site

Crescent Development and Spy Rock Real Estate Group are planning to build a 200-unit apartment complex at Walmsley Boulevard and Atlantic Avenue in South Richmond, according to Richmond BizSense.

The development would replace an existing church building on a 6-acre site south of the railroad tracks, with three apartment buildings targeted to renters earning 60% of the area median income.

The apartments would average 918 square feet and be spread across three buildings, with one having 87 units, another 33 units, and the third 80 units plus nearly 7,000 square feet of amenity space.

The developers recently completed the Foundry Creek apartments nearby, a 344-unit complex also targeted to renters at 60% of the area median income, located about a mile west at Walmsley and Broad Rock Boulevard.

The site is under contract for purchase from the Virginia Conference of the United Methodist Church, which owns the land after acquiring it two years ago from Walmsley Boulevard UMC.

Parking for just over 300 vehicles is planned for the development, which is part of a larger 13-acre assemblage that straddles adjacent CSX railroad tracks.