First National Bank Leased Space in Richmond Tower

The bank will open a new branch at 801 E. Main St in a property currently undergoing a residential conversion.

Updated on Sept. 23, 2026 in Commercial

Bold vector editorial illustration of a modern mixed-use building facade featuring commercial and residential levels in coral and teal. — First National Bank will open a new branch and administrative offices at 801 E. Main St in Richmond by 2027. AI Illustration. Upload story photo >

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First National Bank has signed a lease for ground floor space at 801 E. Main St in Richmond. The $51 billion institution plans to open a new branch and administrative offices at the site by 2027.

Why it matters

This lease marks a significant expansion for the bank in the Richmond market, further establishing its regional presence. The move repurposes a former office building into a mixed-use space featuring both luxury apartments and commercial banking services.

The bank will occupy 4,900 square feet within the 280,000-square-foot Altitude on Main tower. The 17-story building, purchased for $26 million, includes 302 apartment units with rents ranging from $1,600 to $4,100.

The players

First National Bank

This is a $51 billion institution that currently operates regional branches in Willow Lawn and Short Pump.

RPC Realty Capital

This firm purchased the building located at 801 E. Main St for $26 million to oversee its conversion.

The details

First National Bank will add its branding to the Altitude on Main tower signage, which was formerly known as the Wytestone Plaza office building. The space occupied by the bank was previously home to a Wells Fargo branch that closed in 2017.

A Wells Fargo branch previously operated at the location until 2017.
Building owners began the conversion process in the spring of 2025.
Initial residential apartments and amenity spaces will be completed in early October 2026.
The full conversion of the apartment units is expected to be finished by the end of October 2026.
First National Bank expects to open the new location in 2027.

Culture Shift

This project follows the nationwide shift of 1960s-era office buildings to multifamily residential apartments. The redevelopment of the Altitude on Main tower mirrors broader urban trends aimed at reviving downtown commercial districts through mixed-use conversion.

Residents of the new 302-unit apartment building will have direct access to banking services on the ground floor. Prospective tenants looking for units in the building should expect monthly rents between $1,600 and $4,100.

The takeaway

The transformation of the former Wytestone Plaza highlights how historic office assets are being repurposed to meet modern residential demands. This strategy provides new housing options while simultaneously attracting essential services like banking back to the city center.