One of Kane Jeffries clients was just in the news again… Crews last week took down the first of several buildings on the site of the future 7west development, a cluster of modern-design townhomes planned at the foot of the Manchester Bridge. The main building, which once housed S.T. Perry Paint Co., is slated to be demolished later this month.
Developer Jeremy Connell, whose projects have included the Manchester Pie Factory building, closed on the half-acre property at 501 W. Seventh St. in June. He purchased it through Trailhead Development LLC for $925,000.
Connell said construction is slated to start in mid-September, with the first units to be ready next spring and the rest of the $6 million project completed around this time next year. Two of the units have been pre-sold, said Patrick Sullivan of One South Realty Group, which is marketing the project.
Hunnicutt Construction is the general contractor and is doing the demolition. The architect is Mario DiMarco, who is an investor on the project along with Connell. Village Bank is providing financing for land acquisition, site development and construction.
The three-story townhomes, each spanning about 3,150 square feet of finished living space, will include two-car garages, rooftop patios and retractable storefront-style glass doors that open up to third-story balconies. Each unit will consist of at least three bedrooms and three bathrooms and include an option for an elevator.
The units are priced in the $700,000s.
Sullivan said the new buildings will include materials salvaged from the S.T. Perry Paint Co. building, where selective demolition has begun inside. Known to some locals as Eggspace, the building once housed an art gallery and studio space used by Ed Trask and other local artists. It also served as an occasional concert venue for local rock bands.
The townhomes will join hundreds of other residential units – apartments primarily – that have added to Manchester’s building boom in recent years. The 150-unit Terraces at Manchester wrapped up last year on the other side of Semmes Avenue. A conversion of the Plant 1 building at 403 Stockton St. will add more apartments, and the initial phase of Reynolds South, a 17-acre mixed-use project, also is underway.
Article written by Jonathan Spiers of RichmondBizSense.com on August 16, 2016.