A joint venture partnership between AIP, Pointsfive, and Bridge Investment Group has secured $132 million to redevelop the former Greyhound Bus Station in Richmond, Va., into a multifamily community. Upon completion, the 550,000-square-foot project will deliver 386 class A residences and over 14,000 square feet of retail in Richmond’s Scott’s Addition District, one of the city’s fastest-growing neighborhoods.
Walker & Dunlop secured the financing, in addition to an $85.6 million construction financing with Madison Realty Capital.
“We are honored to collaborate with this exceptional best-in-class partnership,” said Scott Allen, founder and CEO of AIP. “Together, we will bring a world-class residential experience, with curated urban retail spaces that emphasize street-level activation and urban connectivity, unrivaled amenities and sustainably focused design to life in this historic location.”
Tristan Nadal, founder and CEO at Pointsfive, said,
