Part of a sizable Fan property is being prepped for demolition ahead of an expected sale to a development group later this year.
Dominion Energy plans to raze a 15,000-square-foot auxiliary building at 2501 Grayland Ave., which is part of the nearly 5-acre assemblage of land that the company is under contract to sell for a future redevelopment.
The company filed for a demolition permit with the city in recent days. A Dominion spokesman confirmed the building will soon be demolished and that the sale of the real estate to an undisclosed buyer is scheduled to close in the third quarter of this year.
About two years ago, the utility giant put its Fan real estate holdings on the market, an offering that also includes a 37,000-square-foot, 3-story office building at 2400 Grayland Ave. and a pair of adjacent warehouses totaling about 49,000 square feet. Those buildings are not planned to be demolished ahead of the sale, making it likely they’ll be incorporated into a future redevelopment of the site.
The building at 2501 Grayland Ave. is slated to be demolished soon. (Mike Platania photo)
In addition to the buildings, Dominion also owns about two acres of surface parking lots in the Fan. One of those lots, at 219 S. Stafford Ave., is spoken for, as last year D.C.-based developer Audeo Partners filed plans to build over two dozen townhomes on the site.
In total, Dominion’s Fan real estate holdings were most recently assessed by the city at a combined $10.8 million, city records show.
Downtown in the central business district, Dominion’s 20-story Eighth & Main office building and a nearby parking deck are being eyed by local firm Genesis Properties for conversion into 600 apartments. Dominion’s spokesperson confirmed that deal is still under contract.
Dominion is also planning to build a parking lot and park at 701 E. Cary St., the 2-acre site where it had once planned to build a second office tower to match its headquarters building at 600 E. Canal St. The company is currently seeking a special-use permit for that project.
