Development

Our home office, 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.

Located at the corner of 7th and Hull St in the Manchester neighborhood. This property consists of 40 apartments and 1 commercial space. 7th and Hull is located on the highly trafficked Hull Street Corridor which bodes well for future retail.

This was Richmond's first skyscraper built in 1904. Genesis Properties renovated this 10 story building into 57 luxury residential units and 18 retail and office units. Genesis won a national award in 2004 for this project from the National Housing and Rehabilitation Association and was a finalist for the ACORN Golden Hammer award in the same year.

Tobacco facility in Petersburg, Va. This is a three phase project that Genesis is partnering with Franklin Development Group to convert 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.

This is a 46-unit adaptive re-use apartment complex completed in 2010.

Genesis and its partner developed the entire block. 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. Initially there was a great deal of neighborhood opposition to this project. 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.

Genesis and its partner developed the entire block. 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. Initially there was a great deal of neighborhood opposition to this project. 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.

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.

This project is currently a Section 8 Project-based (HAP) property. Genesis acquired the 223-unit building in the Church Hill section of Richmond.

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.

(across from the Siegel Center at VCU) - This was the historic Iron House and Art Market retail properties. Genesis converted it into 35 apartments, 58 condominiums, and six retail units with indoor parking for 57 cars.

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% credits and tax-exempt bonds.

This 295-unit complex is located in south Richmond and was renovated in 2023 using federal and state historic tax credits as well as LIHTC credits, with renovation hard costs ranging from $52,000 to $78,000 per unit.

This 295-unit complex is located in south Richmond and was renovated in 2023 using federal and state historic tax credits as well as LIHTC credits, with renovation hard costs ranging from $52,000 to $78,000 per unit.

This 295-unit complex is located in south Richmond and was renovated in 2023 using federal and state historic tax credits as well as LIHTC credits, with renovation hard costs ranging from $52,000 to $78,000 per unit.

This 168-unit property is located in Newport News, Virginia, and was purchased in 2019 and completed a LIHTC renovation in 2023. Total hard costs averaged $52,000 per unit.

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.

This 64-unit Historic rehab was completed in 2009, located in Shockoe Bottom. It also has a large retail/office component and an underground parking garage for 18 cars.

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.

This 143-unit complex utilized 4% LIHTC, federal and state HTC, and financing from Freddie Mac to completely renovate the property.

Genesis completed adaptive rehab of the historic City of Richmond Trolley Car repair facility in the Old Manchester historic district. This property consists of 47 upscale loft apartments. Most are two story units with views of the city skyline.