A pair of developers is converting a vacant 1960s office building in Richmond, Virginia, into apartments with ground-floor commercial space, bringing new round-the-clock energy to the city’s downtown.
Altitude on Main, which will include 302 apartments and 8,500 square feet of commercial space, is a project of Richmond-based RPC Realty Capital and Kalyan Hospitality. RPC bought the 17-story structure formerly called WyteStone Plaza last year for just over $26 million. The developers expect to complete its transformation by this fall. The property comes with a five-story parking deck and a 0.2-acre surface lot.
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