The Carousel conversion, Richmond (2024-2025)
Audeo Partners converted a former Dominion Energy warehouse at 2400 Grayland Ave. in Richmond's Fan district into The Carousel, a 125-unit mixed-income apartment building. The project reused an industrial shell rather than demolishing it.
The building opened as housing near downtown, adding mixed-income supply.
Established Audeo as a credible adaptive-reuse developer in Richmond.
Same developer, same model: converting a nonresidential landmark into mixed-income apartments. It shows the Virginia Home plan fits Audeo's established playbook.
