I have a new listing in Manchester, which I’m really excited about. Manchester is located on the south side of the James River, at the fall line and opposite the State Capitol. Manchester was once an active port city and today is considered one of the up and coming neighborhoods of Richmond. There are some great historic homes in Manchester, active businesses (including this one, which I’m pretty fond of), and just a ton of new development going on.
The key to selling in Manchester is to have a grasp of what is going on with the other surrounding developments. Because of the restrictions with using historic tax credits when doing reconstruction/renovation, their facades look original. Therefore, we don’t always know what is behind the walls in these buildings. One South Realty Group has a great understanding of new and re purposed development, and I’m learning a ton as a co-list agent for this unit.
The unit that Rick Jarvis and I have listed together is one of four units in a building called The Decatur. Three of the units are residential. The building was originally developed by Bill Chapman with the original four owners – – each built to suit, so to speak. The one commercial unit, currently a photography studio for Lee Brauer is also for sale, and if someone were to purchase these two together, it could be an awesome opportunity for a live/work scenario.
Here is a brochure of the property we have for sale.
Our unit “lives” like a beach house – – private/bedroom area on the first living floor, then the main living space (kitchen, family room, dining, etc…) are on the upper floor which takes advantage of views and access to roof deck from entertaining area. This was done intentionally to put the views offered by the space into the daily lives of the unit’s owners.
Like I mentioned above, I’m learning a great deal about who’s who and what’s what in Manchester. Some of the surrounding buildings and projects to the Decatur include:
Plant Zero/Artworks – – private artist studios and cafe, a Fountainhead Development (Fountainhead development is owned by Tom Papa and Rick Gregory).
Corrugated Box Warehouse (7th street) – – http://www.corrugatedboxbuilding.com/
The Commons at Plant Zero – – owned by Fountainhead. All commercial space, law offices, and it is some of the most beautiful space you can imagine.
Cauthorne Paper Co – – 90 apartment units, Michael Sparks design/furniture below.
Warehouse 201 – – 14 residential units + 3 commercial units. The top floor is 2 penthouse units with one sold to a lady so the building is technically a developer owned condo with one individual unit owner.
Sampson Paints – – not currently developed, but likely one of the next to be turned in to apartments/mixed use.
“South Plant”/ Reynolds – – 17 acres along the river. Purchased for approximately $8 million by Talhimer 6 months ago. 400k sq feet of historic renovation. Will include retail (maybe a grocery as anchor) – Think West Broad Village, but not like a suburban strip center. Will include 2 towers one will be residential/apartments and the other will likely be a commercial office property. Check out this brochure for Southplant on the Talhimer site.
“North Plant”/ Reynolds – – on the other side of the River is being done by WVS and Fountainhead.
Apartment project – – Just west of the Decatur, there is a new platform under construction by Sam McDonald. Great article here for reference to this current project.
Pie Factory – condominium development by Pareto, LLC.
Old Manchester Lofts – – 60+ unit condo conversion from 2005/6 by Robin Miller.
Parachute factory (right behind Decatur) – apartment development.
For more information on Manchester: http://www.richmondbizsense.com/?s=manchester&x=10&y=7