mhbarber

I'm looking for updates/info on new multi-unit construction West of the Boulevard, preferably near Carytown. Anyone heard of anything recently?

I apologize if this isn't the ideal spot to post this. I'm doing some appraisal work in the Bottom and I'm trying to put together a list of residential and/or mixed-use projects at varying stages of development. I'll just copy and past what I've jotted down so far. Any thoughts/corrections/addtions would be greatly appreciated. This forum is an excellent resource. RESIDENTIAL MARKET DATA Richmond Cold Storage The former cold storage warehouses (7 buildings) are situated on approximately 2.5 acres on 17th and 18th streets, and East Clay and East Marshall streets in the northwest portion of Shockoe Bottom. The developers propose roughly 300 apartment units and commercial space which will include a micro-brewery. The first of two phases is projected for completion in Spring 2009. Sterling Row Condominiums This infill project features eight townhome-style units centered around a private courtyard. Priced (January 2008) in the mid-$400s, these units have not enjoyed a short marketing period. The Preserve/Reserve? Anyone know of any other condominium developments in the Bottom? Cedar / Broad On January 21, 2008 a public meeting was held by developer George Emerson to present his newest project. He proposes to construct a 3-4 story apartment complex on the city block bound by 18th, Cedar, Marshall, and Broad streets behind McDonald's. The building will contain 160+ apartment units and minimal retail space. A private parking garage with 176 spaces is proposed. He has not applied for a conditional rezoning to allow for residential use, but hopes to break ground by mid-2008. 1714 East Cary Street (Cubit Storage) A conditional rezoning request to B-5 to allow residential use in this 5-story mini-storage building has been pending mid-2006. With over 120,000 square feet of GBA (as reported by the City of Richmond), this building could produce roughly 100 apartment units in addition to 1st-floor retail. Anybody know what's going on here? Haxall View (www.haxallview.com) Located at 2101 East Main Street, this 40,000 square foot former cigar factory will be converted into seventeen loft apartments above office, restaurant, and retail uses. The developer is Fulton Hill Properties (www.fultonhillproperties.com). Echo Harbor The developer of Rockett's Landing proposes the construction of two high-rise residential towers and a marina for a riverfront site just east of Shockoe Bottom. RETAIL MARKET DATA Richmond Cold Storage As noted above, the proposed Cold Storage development will feature restaurants and a micro-brewery. OFFICE MARKET DATA The Power Plant at Lucky Strike This unique property has had an equally interesting ownership history. Built in 1930 it was knows as the American Tobacco Power Plant, now commonly referred to as the Power Plant at Lucky Strike. In May 2005 Tobacco Row Land, LP (Forest City Enterprises) sold the property to Sewan Enterprises, LLC for $850,000. Sewan reportedly ran out of money, subdivided the property, and sold the portion with a former parking structure to _______ for $_______ . This structure contains approximately _______ square feet of GBA, and has since been renovated into _______ . The other portion of the property which comprises 18,000 to 19,000 square feet of shell building area was purchased for $1,550,000 in October 2007 by a group of investors/developers headed by ________ and _______ which will reportedly occupy 12,000 to 15,000 square feet of office space upon completion of construction. 1709 East Clay Street This former textile factory comprises 42,000 square feet on five floors plus a basement. Purchased below-market for $480,000 in March 2005 by a group of investors headed by ___________, this building is proposed for renovation with office and retail uses.