After jumping the river into Manchester nearly 15 years ago, Sam McDonald and Mark Scordo of Property Results plan to go vertical on Hull Street for the second phase of their PortRVA development.
The original 4 story PortRVA building added a new modern design to the industrial fabric of Manchester’s lower Hull Street upon completion in 2015. Built atop an old Burger King as reported by Richmond BizSense, PortRVA contains 102 apartments and 3,000 square feet of commercial storefront space. This project not only changed the look and feel of Richmond’s Historic Manchester neighborhood, but it helped fill the gap on Hull Street between the River and Commerce Ave.
PortRVA Phase 2
The second phase of PortRVA plans to take the development vertical for a full 12 stories. With three levels of parking, 188 micro style apartments will fill the upper 9 stories. The proposal leverages a courtyard design to allow for natural light to enter thru storefront style windows and most of the apartments will include a private outdoor balcony. The Property Results team was quick to point out that they hope that the density the proposed development would help bring to the area would hopefully encourage a retail grocer to finally pull the trigger and open a store in the mushrooming Manchester district.
Sam McDonald had this to say about PortRVA: “This is not a west end apartment building accidentally dropped off in Manchester. This building fits what the neighborhood needs. A modern design, great location, and with price points that don’t make you scratch your head.” When presenting at this week’s Manchester Alliance meeting about the proposed development, Mark Scordo said that the goal was to complete construction by 2019.
Sam McDonald was able to provide the following bullet point details about the plan via email:
- Working with City for SUP because of height in order to get better density and more residents in neighborhood (which helps draw retail)
- Working to finalize financing
- A “plan” and not yet a “project” (while working on 1st two items)
- 188 micro-type apartments in a lower rent range ($800’s to less than $1,300)
- Units range from 400 to 650 sq ft
- 12 story building with 3 levels of parking and 9 residential
- Commercial space along Hull and smaller commercial space on 6th Street
- Glass art display corner at Hull and 6th above commercial
- Pool and courtyard above parking, shared with port RVA
- Port RVA gets covered, secured parking at first level
- Large bike room, fitness/clubroom, City view deck at 10th floor
If completed as planned, the building would be an ambitious project in Property Result’s progression over the last 15 years. Sam McDonald had the following final thoughts to share about the proposal:
“As you know, we have been long-term believers in Manchester, its assets, and potential since jumping the River to plant 14 apartments at Warehouse 201 in 2003. We stay active in working with the City, Ellen Robertson, and neighborhood to improve our infrastructure while continuing to invest private dollars.
Mark Scordo and I believe this phase 2 fits a great niche in the market for well qualified tenants that choose not to spend in a higher rent range for many reasons. We intend to have quality and finishes similar to the Terraces, but will not likely compete for the same tenants.
We look forward to getting the approvals we need to make it a project.”