Richmond’s Greyhound Station Demolition Begins on Arthur Ashe Blvd

## Richmond’s Redevelopment Renaissance: A New Era Dawns at the Former Greyhound Site

Demolition is underway at the long-neglected former Greyhound bus station on N. Arthur Ashe Boulevard in Richmond. This signals a significant shift in the urban landscape.

This once-notorious eyesore is making way for an ambitious phased mixed-use development. The project promises to revitalize a key parcel of land.

As heavy machinery transforms the existing structure, a new chapter is being written for this prominent Richmond location. There is growing excitement and anticipation for the future.

## A Vision for Transformation: From Eyesore to Urban Hub

For years, the former Greyhound property languished as a visual blight on an otherwise active corridor. With the recent acquisition by New York-based Allen Investment Partners (AIP) for $20 million, a clear vision for its future has emerged.

The extensive demolition work is the first step in realizing this vision. It paves the way for a dynamic mixed-use development that will reshape the surrounding community.

### The First Phase: Laying the Foundation for Growth

The initial phase of this project is already taking shape. It focuses on creating a vibrant residential and commercial anchor.

* **Residential Dominance:** A seven-story apartment building will form the core of this first phase. It will provide 386 residential units to meet the growing demand for urban living in Richmond.

* **Retail Integration:** About 14,000 square feet of ground-floor commercial space will front Arthur Ashe Boulevard. This aims to create a lively streetscape and provide amenities for residents and visitors.

* **Parking Solutions:** The development includes a structured parking deck for nearly 400 vehicles. This ensures parking for both residents and patrons of the commercial spaces.

### The Expanding Horizon: A Second Phase of Ambitious Growth

Plans for a substantial second phase will further enhance the site’s appeal and capacity.

* **Doubling Down on Residential:** The second phase will add 269 apartments. The total number of residential units will exceed 650.

* **Synergistic Development:** This phased approach allows for thoughtful integration and expansion. The growing community will benefit from a well-planned and cohesive development.

## Industry Leaders Driving the Vision

Bringing such a complex project to fruition requires collaboration from experienced professionals. Several respected firms are playing key roles in making this vision a reality.

* KBS Inc. is the general contractor, overseeing construction operations.

* Emerge Construction Group serves as the construction manager, keeping the project on schedule and within budget.

* Poole & Poole Architecture leads the architectural design, shaping the look and functionality of the new structures.

* Timmons Group provides engineering expertise to ensure structural integrity and technical compliance.

While AIP CEO Scott Allen has declined to comment on project specifics at this stage, the scale and ambition of the development are clear.

## A Thriving Development Ecosystem

The revitalization of the former Greyhound site is part of a broader wave of development in the area. It is not an isolated event.

The site is located across from CarMax Park, home to the Flying Squirrels. This location is expected to see more foot traffic and community activity.

A 12-story Shamin Hotels project recently broke ground nearby. This highlights growing momentum and investor confidence in this part of Richmond.

The demolition of the Greyhound station began after permits were sought in early 2025. AIP filed plans for the project in late 2023.
 
Here is the source article for this story: Long-awaited demolition underway at old Greyhound station on Arthur Ashe Blvd.