Renovation of a multi-residential development in Richmond, Virginia. Conceptual plans call for the renovation of a 11-story above grade, 68-unit multi-residential development.

Construction to redevelop the Grace Place Apartment building into 68 low-income senior housing units. In February 2025, the Richmond Redevelopment & Housing Authority (RRHA) board approved a memorandum of understanding with development firms People Restoring Communities (PRC) and Delaine Companies. TIMELINE: As of August 31, 2026, this project is undergoing assessments by engineers and architects. The development group is working with RRHA and Virginia Housing to determine eligibility for historic preservation tax credits. Information regarding an architect or a general contractor has not been disclosed. A construction timeline is unknown. * *Project information, including timeline and contacts, has been obtained through public sources. The content management team continues to pursue additional details; however, the contact(s) listed have yet to disclose or confirm any information. Inquiries should be directed to the contact(s) listed.