The Commodore project is a joint venture ground-up mixed-use development and new construction property located in Richmond, VA. The 7-story building will consist of 173 one-, two-, and three-bedroom residential apartment units featuring prime ground floor retail space (3,500 square feet) and 2-story below-grade parking (235 spaces) in Richmond, VA’s historic Manchester neighborhood.
The capital city of Richmond has a strong sense of history and is one of America’s oldest major cities. It’s modern touch includes historic sites, museums and friendly neighborhoods. With easy access to Washington, D.C. and a pleasant residential setting, Richmond is a growing city with solid business, financial, health-care and quality of life industries. Insulated by strong economics, a young and vibrant millennial working class and several regentrifying urban neighborhoods, Richmond is an ideal real estate market for investment. Richmond’s economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms in the downtown area.
Two of its largest universities, Virginia Commonwealth University (VCU) and The University of Richmond add college-town amenities, including sports and marquee educational programs. The Blue Ridge Mountains lie about 90 miles west and the Chesapeake Bay is 60 miles east. Richmond’s climate includes warm and humid summers and generally mild winters. The mountains to the west act as a partial barrier to winter cold and storms.
The laid-back Manchester neighborhood is a stone’s throw from the beautiful Saint James River and has been revitalized with cafes, brewpubs, and Southern-style seafood restaurants, and independent art studios. Manchester also includes Ancarrow’s Landing along the river for fishing, birding, and picturesque walks.
Sponsor Partner: Capital City Real Estate
- Project Name: COMMODORE
- Projected Completion Date: 3rd Quarter 2024