Business
Local nonprofit plans $30 million conversion of Scott’s Addition hotel to mixed-income housing
The Better Housing Coalition will convert the Quality Inn & Suites at 3200 W. Broad Street into a mixed use property including affordable housing.
From Richmond BizSense:
The Better Housing Coalition last week bought the Quality Inn & Suites building at 3200 W. Broad St. in Scott’s Addition for $5.9 million. The nonprofit’s plans call for a $30 million conversion of the property into a mixed-income, mixed-use property in Scott’s Addition.
Upon completion, the development would be BHC’s largest single investment in the city in the nonprofit’s 28-year history, according to a release announcing the plans. Construction is expected to begin summer 2017.
