Projects


 
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The French Quarter Building

The iconic French Quarter building stands at the corner of East Franklin and North 5th Streets in the heart of Monroe Ward. 

When purchased in 2015 it was clear that the mostly vacant office building was not serving its highest use. The top two floors were converted into 10 luxury apartments using state and federal historic tax credits as well as Enterprise Zone incentives. The ground floor remains home to a Richmond staple, Penny Lane Pub. Unique property features include ornate iron work, private balconies, a spacious roof deck and clean modern finishes.

Status: Completed 2016

Total Investment: $2.2 MM


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22 E Broad

Formerly the home of Harvey's Progressive Barber Shop for generations, this property was acquired in 2016 when the owner decided he was ready for a change of pace. It's currently undergoing redevelopment utilizing state and federal historic tax credits in addition to Enterprise Zone incentives.

Once completed, it'll add 8 stylish apartments to the Arts District and a revitalized commercial space for Broad Street's next boutique retailer. Unique property features include japanese-style sliding room partitions, large chef-inspired kitchen designs and frontage on the Bus Rapid Transit (The "Pulse").

Status: In Progress

Total Investment: $1.6 MM


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20 E Broad

This charming Broad Street property is adjacent to another of our projects at 22 E Broad. Their close proximity to one another will have an amplified impact on the streetscape's beautification. With an expected completion in Spring 2018, this property will bring 9 modern apartments and a small commercial space to the thriving Arts District.

The redevelopment will leverage state and federal historic rehabilitation tax credits along with Enterprise Zone incentives. Unique property features include a large internal light well and high 12' ceilings. It's also located on the Bus Rapid Transit (the "Pulse").

Status: In Progress

Total Investment: $1.5 MM

 


The Spur

Affectionately dubbed "The Spur", this adaptive reuse project includes two brick and beam warehouse buildings which were once divided by an active rail spur that bisected the block. Plans for removing a historically insignificant building which was later built atop the retired rail spur will uncover original character and provide tenants with additional connectivity to outdoor space. The Spur will house 34,000 SF of Creative Office, Retail and Restaurant space in addition to on-site surface and garage parking. It's mix of uses will add daytime population as well as new shopping and dining opportunities to Richmond's explosive Scott's Addition neighborhood.   

This redevelopment project will utilize state and federal historic rehabilitation tax credits along with Enterprise Zone incentives.

Status: In Progress

Total Investment: $7.5 MM


206 & 216 E Broad

Several holdings on the 200 block of East Broad Street present an opportunity to positively impact Richmond's Arts District. Located along the Bus Rapid Transit route, these properties will add to the momentum created in recent years by nearby developments including "Deco" at Central National Bank, the VCU Police Station and Quirk. 

Status: Pre-development

Total Investment: TBD