Published October 26, 2026 | Written by the Mission Realty Team.
The developer Historic Housing has filed rezoning applications for three Loving family properties near Main Street Station in Shockoe Bottom, and its plans call for about 450 apartments across roughly 2.1 acres, according to Richmond BizSense. Reporter Mike Platania covered the filing in an October 26 article. This post is our own summary, with local context added. More coverage lives in our Richmond area news posts.
The three parcels
BizSense lists three sites. The largest, 1601 East Grace Street and 1600 to 1610 East Franklin Street, is 1.1 acres with a three-story warehouse from the 1910s and is proposed for 225 units plus commercial space of an amount not yet set. A 0.6-acre parking lot at 200 to 222 North 17th Street is proposed for 173 units, and a 0.4-acre surface lot at 1800 East Grace Street could hold 52 units. BizSense says the plans are subject to change.
Historic Housing is under contract to buy the sites, which the city recently assessed at a combined $5.9 million, per BizSense. The firm, led by managing partner Daniel Salomonsky, is also redeveloping a city-owned lot at 212 North 18th Street into an eight-story building called Seabrook, which still needs Richmond City Council approval. We covered that project’s request for proposals in our Seabrook post.
What the rezoning asks for
Historic Housing is seeking TOD-1, the Transit Oriented Nodal District, which allows up to 12 stories, per BizSense. Under the city’s Code Refresh draft, BizSense reports, the same parcels would become MX-13, allowing up to 13 stories. The Shockoe Partnership filed letters of support. The article does not give a construction timeline or list other approvals, so treat any opening date you see elsewhere as unconfirmed. The City of Richmond website is the official source for rezoning applications and hearing dates, and GRTC publishes service information for the nearby station area.
What it means for people looking at Shockoe-area homes
A rezoning filing is a request, not an approval. BizSense reports nothing on prices or rents, and we have not seen data tying this proposal to nearby home values. If you are weighing a condo or townhome in Shockoe Bottom, Shockoe Slip or Church Hill, the useful step is to look up what is filed next to the address you like. Ask the city what is pending, because what may be built nearby is a public-record question and listing photos will not answer it. We covered a related downtown sale in our Turning Basin building post.
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Frequently asked questions
How many apartments is Historic Housing proposing?
About 450 across three parcels: 225 on Grace and Franklin streets, 173 on North 17th Street and 52 on East Grace Street, per Richmond BizSense.
How big are the sites?
About 2.1 acres in total: 1.1, 0.6 and 0.4 acres, per BizSense.
What zoning is being requested?
TOD-1, which allows up to 12 stories. Under the city’s Code Refresh draft the parcels would become MX-13, allowing up to 13 stories, per BizSense.
Has the rezoning been approved?
No. BizSense reports applications were filed the week before its October 26, 2026 article.
Who owns the land now?
The Loving family. Historic Housing is under contract to buy the sites, which the city assessed at a combined $5.9 million, per BizSense.
Is there a construction date?
BizSense gives no construction timeline.
Does this affect nearby home prices?
BizSense reports nothing on prices and we have seen no data tying the proposal to them, so we cannot say.
