The Penny at Jackson Ward - 6 Stories | ??? Feet

For projects that are currently under construction in the City of Richmond. Includes sub-forum for suburban projects.
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Ryan Ramsey
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The Penny at Jackson Ward - 6 Stories | ??? Feet

Post by Ryan Ramsey » Sat Oct 20, 2018 2:49 am

Webcam Link: N/A

Address: 2 West Marshall Street

Estimated Completion Date: 2019

Renderings:

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$27M apartment project to rise five stories in Jackson Ward
A newcomer to the local development scene is bringing some added height to a stretch of Marshall Street in Jackson Ward.

Eric Phipps’ EGP Properties LLC is under contract to purchase a nearly 1-acre parcel at 2 E. Marshall St., where it will build a five-story, 167-unit apartment project.

Phipps, who confirmed the pending deal last week, said this is his firm’s first large-scale development since launching earlier this year.

The $27 million Marshall Lofts will have five floors of apartments constructed above 4,000 square feet of street-level commercial space and ground-level parking, Phipps said. It also will have one level of underground parking, for a total of 165 spaces.

“We’re hoping to attract a retail tenant and a restaurant,” Phipps said.

He said the company expects to submit its development plan to the city this week.

Pending approval, Phipps said he hopes to close on the property and begin construction in August. The site spans four small, contiguous parcels from 8 W. Marshall St. to 2 E. Marshall St., owned by an affiliate of Richmond-based Genesis Properties.
https://richmondbizsense.com/2017/04/03 ... kson-ward/
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Ryan Ramsey
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Re: Marshall Lofts - 6 Stories | ??? Feet

Post by Ryan Ramsey » Sat Oct 20, 2018 2:51 am

Construction

July 2018 -

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Ryan Ramsey
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Re: Marshall Lofts - 6 Stories | ??? Feet

Post by Ryan Ramsey » Wed Oct 24, 2018 1:18 am

October 2018:

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Ryan Ramsey
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Re: Marshall Lofts - 6 Stories | ??? Feet

Post by Ryan Ramsey » Tue Nov 20, 2018 3:44 am

From 11/18/2018:

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Eandslee
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Re: Marshall Lofts - 6 Stories | ??? Feet

Post by Eandslee » Tue Nov 20, 2018 12:28 pm

Awesome photo update. Thanks! Like how this one is shaping up!

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Ryan Ramsey
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Re: Marshall Lofts - 6 Stories | ??? Feet

Post by Ryan Ramsey » Fri Dec 28, 2018 5:00 pm

Tower crane has been disassembled, the building must be topped out now. You can see the top floor from the I-64 west merge ramp onto I-95 North/I-64 West.
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Ryan Ramsey
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Re: Marshall Lofts - 6 Stories | ??? Feet

Post by Ryan Ramsey » Mon Jan 07, 2019 2:36 am

From my visit today, I noticed this project has been renamed.

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Eandslee
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Re: The Penny at Jackson Ward - 6 Stories | ??? Feet

Post by Eandslee » Tue Jan 08, 2019 2:42 am

Good catch on the name change! Project is looking great! Actually all of the photo updates are awesome! Thanks for continuing to do this. If there was a “like” button, I would have liked them all!

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Ryan Ramsey
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Re: The Penny at Jackson Ward - 6 Stories | ??? Feet

Post by Ryan Ramsey » Tue Jan 08, 2019 6:34 pm

Thank you Eric! I've been getting back into updating the web site again and I wanted to start with something easy, monthly photo updates. Hope to add more content this year to the site, so stay tuned. :)
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