Richmond, VA

The Commodore is located at 15 West 7th Street in the Manchester neighborhood of Richmond, VA. Richmond’s downtown business district is located approximately one mile to the north across the James River.

The project consists of 173 market-rate apartment units and 3,580 square feet of street-level retail spread over 171,362 gross square feet. There are two levels of below grade parking with 229 parking spaces. The project has a red brick façade with Hardie panel and lap accents colored and designed to blend into the industrial warehouse neighborhood. Amenities include a pool, outdoor space with grills and firepits, full fitness center, lounge and co-working spaces, and a 5th floor roof deck with views of the city skyline. Construction was completed in December 2023 and the building is approximately 49% stabilized.  Project close-out is planned for 4th Quarter 2024 with investor returns projected at 15% per year.

The capital city of Richmond has a strong sense of history and is one of America’s oldest major cities.  It’s modern touch includes historic sites, museums and friendly neighborhoods. With easy access to Washington, D.C. and a pleasant residential setting, Richmond is a growing city with solid business, financial, health-care and quality of life industries. Insulated by strong economics, a young and vibrant millennial working class and several regentrifying urban neighborhoods, Richmond is an ideal real estate market for investment. Richmond’s economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms in the downtown area.

Sponsor Partner:  Capital City Real Estate

Company Website

  • Project Name: The Commodore
  • Website: The Commodore
  • Projected Completion Date: 4th Quarter 2024