In late 2012, we made the commitment to redevelop a historic warehouse in Richmond’s Fan District.
We enjoyed our time in our starter office, just down the street in Ed Eck’s Uptown just west of VCU (1435 W Main), but we needed something bigger, better, and more “us.”
As a brokerage that strives to practice what it preaches, we had 4 mandates for the office:
- we should bring an old building back to life
- it should foster collaboration
- it should be really, really cool
- it shouldn’t look like a real estate office
The building itself was about 8,000 SF, which was bigger than we needed. So we decided to take the rear portion and create 5 residential loft apartments. By redeveloping the building into a mixed-use property, we were able to maximize parking and enhance the pro forma in the eyes of our lender.
We enlisted our good friends at Johannas Design Group to handle the architecture, the talented Monument Construction team to manage the development and construction, and our colleagues at First Union to provide the financing.
Both Federal and State Historic Tax Credits were used to help offset the costs and we were able to qualify for both the Tax Abatement program and the City’s Enterprise Zone grant program to make the project even more feasible for us.
We have been extremely happy with the way it turned out.
Our modern, fun, and eclectic look never fails to turn the heads of new clients the first time they see the space. Invariably, we get ‘This doesn’t look like a real estate office!’ We know, and that’s intentional.
The open bullpen area was designed for social gatherings, educational events, collaborative meetings, and everyday office work. We have a full sized kitchen to support events or just heat up leftovers for lunch.
Our conference room, featuring a panoramic view of Main Street, gives the public a peek at what we’re up to. And perhaps just as importantly, our ample parking lot makes it easy to meet clients at the office.