Spa Lofts

  • Adaptive use of an existing warehouse into 139 apartments in the Manchester submarket of Richmond, VA using 4% Low-Income Tax Credits and Stae and Federal Historic Tax Credits
  • The project will include a class-A amenity package comprising of a fitness center, pool, clubroom and business center
  • Acquisition Date: November 2018
  • Construction Start: Q2 2019
  • Multifamily occupancy: Q2 2020
  • Acquisition loan: Virginia Commonwealth Bank
  • Construction/Permit financing: Cedar Rapids Bank & Trust
  • LIHTC investor: RedStone Equity Partners
  • Historic tax credit investor: Foss and Company

The Oliver

  • New construction and historic renovation in Richmond, VA
  • Four story building and renovation of Three story historic building with surface parking
  • 164 apartments with clubroom, fitness center, outdoor grilling and gathering areas, and dog park
  • Construction Start: October 2018
  • Initial Deliveries: December 2019

1806 Summit

  • Acquisition and renovation of a 35,000 SF historic warehouse in Scott’s Addition, Richmond, VA
  • Conversion to four Class A office spaces
  • Tenants ranging from 5,000 to 17,000 SF
  • Construction Start: July 2018
  • Expected Completion: April 2019
  • 100% leased

Old Store Lofts

  • Adaptive Reuse of an old general store on Hull St. in the Manchester Neighborhood of Richmond, VA
  • 3 story building with 10 apartments and 3,000 SF of first floor commercial space
  • Construction Start: May 2016
  • Construction Complete: December 2016

The Preserve at Scott’s Addition Apartments

  • New construction and historic adaptive reuse of a former Coca Cola bottling facility in the Scott’s Addition neighborhood of Richmond, VA
  • 124 units in a newly built, four story elevator building with a roof deck
  • 70 loft-style units with a resort-style clubhouse with pool, fire pit, fitness center and lounge
  • Construction Start: March 2014
  • Initial Delivery: Q4 2014