Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Advertisement

Header Primary Menu

  • Issues
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Home News Industries Real Estate Henrico assisted living facility to become affordable housing

Henrico assisted living facility to become affordable housing

Virginia Supportive Housing to run Cool Lane Commons

Published June 3, 2022 by Robyn Sidersky

A rendering shows what the redeveloped facility will look like.

Construction started this week on a $23 million project that will create 86 units of affordable housing in eastern Henrico County, Virginia Supportive Housing announced.

Formerly an assisted living facility, Cool Lanes Commons, on the border of Richmond and Henrico, will create 80 one-bedroom apartments and six studio apartments for homeless and low-income people in the Richmond region, according to a news release. Each unit will be more than 500 square feet, and 13 of them will be fully accessible. VSH will offer services on-site to residents. Some of the units will be for individuals who have experienced long or repeated episodes of homelessness and who have a disability that affects their housing stability, according to the organization. The remainder will be for individuals with incomes that are 50% or less of the area’s median income.

The repurposed 100,000-square-foot property will also have office space for VSH and community partners.

“Cool Lane Commons is our first supportive apartment building in Henrico County, an important step in expanding our services to those experiencing homelessness in Henrico. The issues of housing affordability and access affect our city and county communities collectively. Cool Lane Commons is an important regional collaboration in addressing them,” VSH Board Chair  Jason Snook said Wednesday at the facility’s groundbreaking.

The site was first identified as a project for VSH in March 2018. The former Seven Hills Health Care Center has been vacant since 2008.

Development costs will be funded by local, state, federal and private funding. Construction will be completed in fall 2023.

https://content.yudu.com/web/1sfs5/0A1shn6/June2022/index.html   Subscribe to Virginia Business. Get our daily e-newsletter.

Related Stories

11-building office portfolio in Henrico sells for $87M

Glen Forest portfolio is 86% leased

Virginia Business logo

Henrico office building sells for $6.3M

Located across from Henrico Doctors' Hospital, the Campbell Building is occupied primarily by health care tenants.

Virginia Business logo

American Family Fitness building in Henrico sells for $4.1M

The building is currently leased to American Family Fitness.

Trending

Va. Tech business school dean retires, interim named

Va. receives $22.7M to reclaim abandoned mine lands

William & Mary names new business school dean

Carsales.com to fully acquire Trader Interactive

Sponsored Stories

What can Supply Chain Consultants do for me?

The Lowdown on Downloads for Your Online Experience

5 Benefits of Treasury Management Services from Atlantic Union Bank

Creating An Urban Destination in Chesapeake

Advertisement

Advertisement

Trending

Va. Tech business school dean retires, interim named

Va. receives $22.7M to reclaim abandoned mine lands

William & Mary names new business school dean

Carsales.com to fully acquire Trader Interactive

Sponsored Stories

What can Supply Chain Consultants do for me?

The Lowdown on Downloads for Your Online Experience

5 Benefits of Treasury Management Services from Atlantic Union Bank

Creating An Urban Destination in Chesapeake

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2022 Virginia Business. All rights reserved.

Site Maintained by TechArk

wpDiscuz