Commonwealth Building

Richmond, VA

Units - 171
Strategy - New Construction 

Product Type - Mid-Rise Class A Apartments

The Commonwealth Building is a transformative mixed-use development that will convert a functionally obsolete office and retail site into a vibrant, 171-unit residential community with 5,500 square feet of prime retail space.

Located at 4605-4627 West Broad Street in Richmond, Virginia, this development sits at the heart of the rapidly evolving West Broad Corridor—an area primed for growth and revitalization. Positioned between Scott’s Addition, Willow Lawn, and Libbie Mill, three of Richmond’s most dynamic commercial and residential hubs, the Commonwealth Building offers seamless access to top-tier amenities and transit.

A GRTC Pulse station is just a two-minute walk away, providing residents with fast, reliable connectivity to major employment centers, dining, and entertainment. Nearly all of Richmond’s major employers are within a 20-minute drive, ensuring unmatched convenience.

Designed to be an iconic landmark, the building will feature striking architecture, significant road frontage, and a highly visible presence at a prominent corner.

Upon completion of the redevelopment project, the property is set to become an iconic landmark along West Broad Street. The building's unique design and high quality architecture with significant road frontage on a prominent corner will make it easily recognizable and highly distinguishable. 

Residents will discover that the building strikes an ideal balance between luxury and affordability, urban living and tranquility, and communal amenities and personal privacy with extensive, best-in-class interior and exterior amenities including: a spacious rooftop deck with city line views, a large Co-Working space, spa-like pool, dog washing station, a fitness center, a yoga room, secure bicycle storage, a gourmet demo kitchen, multiple outdoor spaces, grilling stations, a sky lounge, fire pits, and a wide range of contemporary tenant services.

Groundbreaking is projected to be Q3 2025 with the first apartments slated for delivery in Q4 2027.