Units: 14 residential apartment units + 4 commercial bays
Address: 1309, 1311, 1313 & 1315 Hull Street, Manchester
Developer: Charlie Westbrook of One South Commercial
In 2015, a group of developers, led by Charlie Westbrook of One South Commercial, zeroed in on Richmond for a development project. When looking for the right city, the developers focused on a few key investment criteria: state capital, home to universities, displayed job grow, and had that something extra. Richmond checked all the boxes: the James River, the food scene, and the music scene giving it multiple “extras” the developers were looking for.
After driving through multiple neighborhoods around the city, Charlie landed on Manchester for it’s proximity to downtown and the river. With the added trend of millennials moving into urban areas, Manchester seemed like it could become Richmond’s Brooklyn.
Two historic buildings caught Charlie’s eye. Built in the 1800s, the buildings were dilapidated but retained ample charm and were eligible for historic tax credit, CARE credits, and enterprise status. After buying the buildings separately, the developers learned that two other projects were planned for the same block. The momentum of the neighborhood reinforced the choice to develop in Manchester.
With the help of Walter Parks Architects, the buildings transformed into 14 residential apartment units with 4 commercial bays on the ground level. As of May 1st 2017, the first tenants begin their leases as redevelopment continues to rise around them.