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Richmond's Lakeside Suburb Faces Major Rezoning by Late 2027

City planners target Lakeside for mixed-use changes that could reshape its quiet blocks by late 2027.

By Richmond Property Desk · Published 8 July 2026

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Richmond planning staff released a draft rezoning map last week that covers 52 acres in the Lakeside neighborhood north of the city center.

The move arrives as the city seeks to add 4,200 housing units over the next five years under its updated comprehensive plan adopted in March. Lakeside sits between established single-family zones and the growing commercial strip along Brook Road, making it a logical spot for denser development without touching protected historic districts farther south.

Residents already use the new bike lane that runs from Dumbarton Road to the Arthur Ashe Athletic Center, and the Richmond Redevelopment and Housing Authority has scheduled two community workshops at Lakeside Elementary School in August. Those sessions will gather input on height limits and parking requirements before the Planning Commission vote.

Price trends and buyer interest

Median sale prices in Lakeside reached $312,000 in June, up 14 percent from the same month in 2025, according to data from the Richmond Association of Realtors. Homes on the 2300 block of Dumbarton Road now list between $289,000 and $345,000, while investors have closed on five vacant lots near the railroad tracks since January. Comparable parcels in the adjacent Bellevue neighborhood sold for 22 percent less in 2024.

What buyers and owners should watch

The rezoning hearing is set for July 22 at City Hall. Property owners inside the proposed boundary can submit comments through the planning department portal until July 18. Those outside the zone but within one block can still attend and speak. Early applications for site-plan review are expected to open in September if the ordinance passes.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

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