Our current projects include new construction and historical rehabilitation, with impact for different residential communities throughout Richmond.
Our successful projects are evident throughout Richmond and provides the foundation of our reputation as a premiere development company here in Central Virginia.
Genesis Properties has established a reputation for excellence in the development and construction of multi-family housing by establishing wide-ranging experience in investment structuring, property financing, management and property sales. Since 1977, the company has concentrated its efforts in the Central Virginia market.
Genesis Properties has developed or rehabilitated over 2,000,000 square feet of multi-family, office, and retail space in a variety of roles from principal, to developer, to general contractor. Having cultivated lasting relationships with the finest design professionals and subcontractors, Genesis Properties is a recognized leader in the multi-family housing industry and maintains a distinct advantage in these competitive markets.
This project has been the subject of several local newspaper articles. This project was a $15 million adaptive rehab project of 104 market rate residential units and five retail units. Like the Heritage building, Genesis was asked to nominate this project for national recognition.
Known as the old Spaghetti Warehouse, Commerce is an adaptive reuse office space in New Manchester. This 3-story commercial building was completed in 2009.
A historic property at which was once a garage for parking milk trucks from a nearby dairy. The building consists of 62 one and two bedroom units located in the heart of midtown Richmond.
218 units of renovated affordable housing located in the up and coming Church Hill neighborhood. Total cost of rehab alone was over $6.5 million financed with 4% tax exempt bonds.
This project is currently a Section 8 Project-based (HAP) property. Genesis acquired the 223 units building in the Church Hill section of Richmond.
Tobacco facility in Petersburg, Va. This is a three phase project that Genesis is partnering with Franklin Development Group to convert into an old tobacco manufacturing and warehouse complex into upscale apartments, retail and office. The first phase has over 175 apartment units.
With the Richmond Arts District’s recent expansion, these buildings at 214 E Grace and 213 E Broad are well located and will help redevelop the area into a thriving mixed use corridor. The development will include 19 market rate apartments, 2 Live/Work lofts, and 3 retail locations.
A 152-unit affordable community located in Manchester area of Richmond. Hatcher Tobacco Flats utilized 9% low-income housing tax credits and features a covered parking, clubhouse, and fitness center. Residents have access to free internet and cable, and can be in downtown Richmond within 1 minute by car or bus.
This 1914 building was the original headquarters of Dominion Virginia Power. Genesis acquired this 13-story tower and 7-story annex along with a 300-car garage in a joint venture with Armada-Hoffler (NYSE:AHH). This property features 174 luxury apartment units and a variety of retail and office tenants, including the Partnership for People with Disabilities, a subsidiary of Virginia Commonwealth University.
A 151-unit new section of Richmond, market rate development in Union Hill. This property has changed the skyline in Union Hill and follows Genesis’ motto of “renewing neighborhoods.” SVV features a modern design and includes a pool, business center, bicycle repair shop, and clubhouse with a view of the downtown skyline and the entire Shockoe Valley.
An affordable 121-unit property in South Richmond, where Genesis used Low Income Housing Tax Credits to rehab an existing complex built in 1947. Genesis was recognized as the Affordable Community of the Year in 2002 by Virginia Business and won the Outstanding Community Development award by CAHEC, a non-profit tax credit equity investor.
Genesis and its partners developed the entire block (behind the new VCU Parking Deck). The first phase was renovating the old Eagle Mill Paper Company building turning it into 45 residential units. Phase Two included a $5 million adaptive rehab project taking a historic clothing manufacturing facility and converting it into 40 upscale apartments. The third and final phase consisted of 30 condominiums and a two-level 130 car parking deck. Genesis was able to obtain a Special Use Permit by working with the City of Richmond and the Carver Civic Association to obtain the Special Use Permit necessary to undertake this development.