Mixed-use development planned for Myers Street adjacent to new River City Roll

Mixed-use development planned for Myers Street adjacent to new River City Roll

Spy Rock Real Estate and Stanley Shield Partnership have teamed up to purchase a property along Myers Street in Scott’s Addition for $5 million and plan a mixed-use project featuring commercial space and apartments.

Rendering: Spy Rock Real Estate

A Scott’s Addition-based developer who has a myriad of projects and developments either under their belt or under development is about to add another to their repertoire, this time east of North Boulevard.

From Richmond BizSense:

Plans for a prime piece of Scott’s Addition-area real estate have changed along with its ownership, following a pair of land deals including the neighboring River City Roll bowling alley site.

The Interbake Foods warehouse property at 947-949 Myers St. sold April 4 for $5.17 million to a group that includes Spy Rock Real Estate and principals with Stanley Shield Partnership. The deal includes an adjoining 0.7-acre property at 950 Terminal Place.

The group is eyeing the properties for a mixed-use development that would include residential units above commercial space, with surface parking filling out the nearly 2.5-acre Myers Street property beside the almost-open bowling alley and the Cookie Factory Lofts.

The same day, the group purchased the neighboring River City Roll site at 939 Myers St. for $2 million. The 1.7-acre property was most recently assessed at $2.29 million.

Read more about the project, learn more about how it may connect to some adjacent properties, and more here.

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