August 2014 is expected to bring yet another mid-rise project to Grace Street in the Lower Fan District. The building currently on the site, a one story brick retail structure, will be demolished beginning as early as this month.
The 11 story, 170,000 square foot building will contain 152 apartments and a 3,400 square feet retail space situated on the corner of Grace and Shafer Streets. ShaferGrace LLC is developing the 22 million dollar project with Walter Parks serving as architect. Once completed, the structure will be one of three on the corner to be completed within the last 3 years.
Parks is also designing a 7 story mixed-use building for VCU on the same block, set to be completed at around the same time.