Council to consider amendment to existing zoning to allow nine-story building on Ivy Road
The University of Virginia or its real estate foundation own most of the northern side of Ivy Road except a bank property at 2117 at the intersection with Copeley Road. This land is owned by RMD Properties who want to develop the one acre property and not sell out.
“The Applicant proposes to develop the property as a mixed-use development in a building nine stories tall that would include approximately 225-250 residential units (for approximately 610 residents), up to 4,000 square feet of retail/neighborhood commercial uses on the ground floor, structured parking, and high-quality amenity spaces,” reads a December 5 letter from attorney Valerie Long of the firm Williams Mullen. “In keeping with Council’s affordable housing objectives, the Applicant is also proposing a mix of on-site affordable units and/or a cash donation to the City’s Affordable Housing fund.”
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