Featured Richmond VA Condos


Rocketts Landing

Current MLS Listings in Rocketts Landing

Rocketts Village is Richmond’s first attempt at ‘new urbanism.‘ Located along the James River on land that straddles the border of the City and Henrico County, RV is slated to be a massive mixed use project of over 1500 residences and 4,000,000 square feet of commercial (office/retail) space spread over 20+ city blocks when completed. The original expectation was an 8-10 year window for project completion but the recent economic environment has obviously rendered that timetable no longer reasonable. The final chapters of RV are likely to be written well into the 2020′s.
The developer (the WVS Companies) is a Northern Va based company that deals primarily in apartments and mixed use projects. WVS purchased the land along the James River from the late William Abeloff who was instrumental in the development of the warehouses along Tobacco Row. Before his passing in 2006, Abeloff and WVS were able to create a vision of a development that could overpower the pervasive and ingrained western bias of Richmond and establish a new neighborhood with powerful views of the city along the banks of the James River.

“Condos For Sale in Rocketts Landing”

Opened initially to great fanfare, RV quickly sold some upscale and ‘price-pushing’ units and had success in the Sky Line, Fall Line and Cedar Works buildings. However, once the market turned, sales slowed dramatically (as they did everywhere) and the unsold units as well as the 210 Rock building sat largely dormant for the better part of 2009 and 2010. RV did a good job of making adjustments and creating favorable programs that worked within the confines of lending rules yet still created acceptable forms of occupancy. At the end of 2011, RV should be close to 70% sold across the existing residential portfolio. This should be considered a very good number, especially considering their inventory at the time the market shifted.
Rocketts is largely new construction (with a few exceptions) and (as of now) entirely located in Henrico County…which differs from much of its competition. The projects in the City typically employ Historic Tax Credits and also qualify for Tax Abatement program meaning lower costs of construction/development as well as reduced ongoing real estate taxes. Due to its location (Henrico County), RV does not have access to either of these programs and thus its costs feel higher. This disadvantage will disappear over time as the historic building stock evaporates and the abatements phase out.
As one of the two RVA area ‘New Urbanist’ communities, RV has a commercial/service retail element that supports the residential spaces. While it has been a bit slow to develop, commercial momentum is now relatively strong and it beginning to complement the residential experience. By the end of 2011, RV will have 3 fully operating restaurants (M Bistro, The Boathouse, Conch Republic) and the large majority of its street level office/retail filled. The Mariner’s Club offers boating and several fitness based events that also help create an ‘experience’ at Rocketts.

Features

  • 1, 2 and 3 bedroom units
  • public and private outdoor spaces
  • maple or better cabinetry
  • mix of granites
  • mix of tiles
  • secure garage parking
  • guest parking

Location

Rocketts Landing is located at 211 Rocketts Way on the banks of the James River in Richmond’s MLS Zone 40. You can get a map here.
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Featured Richmond VA Condos


Ginter Place Condos

Current MLS Listings in Ginter Place

Located just moments from the Boulevard in Richmond’s historic Ginter Park neighborhood, Ginter Place fills the need for a luxury product that is both tucked away yet still close in.
Formerly the Richmond Memorial Hospital, Ginter Place is a rare combination of a historic envelope yet incredibly well built. Many of the historic projects in Richmond were built in warehouse structures from the early 1900’s and while full of texture and fun quirks, they lack some basic sound proofing, sometimes have subpar insulation, and are more prone to water penetration issues.
This is not the case with Ginter.

“Condos For Sale in Ginter Place”

The core structure of Ginter Place rivals any of the newly constructed projects and the average unit size is close to 2000 SF making GP a place where residents do not sacrifice space or quality of construction. Likewise, the finish level within GP living spaces (e.g., cabinets, tiles, appliances, floors and trim) are superior to any project in the marketplace. The development team at GP also balanced the project with ample parking, excellent auxiliary storage and well-appointed common spaces to complete the experience.
GP’s sales suffered the same fate as many condo projects in 2008-10 as the mortgage market’s anti-condo bias took hold and the empty nester target market was unable to sell their home. This slow start has been remedied as the market has corrected itself and other entities have stepped in to fill the mortgage finance void left by Fannie and Freddie lending requirements.

Features

  • 1,500 to 2,300 Square Feet
  • Gourmet Kitchen with Gas Stove
  • Granite Countertops & Stainless Steel Appliances
  • Private Balconies and/or Terraces
  • Gas Fireplace
  • 2 Parking Spaces Per Condo
  • Secure Access Control System
  • Exceptional Hardwood Floors, Ceramic Tile & Trim
  • Grand Club Room

Location

Ginter Place is located at 1350 Westwood Avenue in the historic Ginter Park section of Richmond, Virginia. You can get a map here.
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