Re-Connecting Cherry Street to Riverside Park?

What is the City doing?

I suspect they are just creating a service alley before they figure out what they will do with 816 Riverside Park, but could this be part of a larger plan to reconnect Cherry Street with Riverside Parkway? Who has the skinny? Anybody, Historic Richmond?

Update: According to nearby neighbors, this relates to the larger plumbing work that is being done throughout the neighborhood.