Snipes Properties is involved in a wide variety of development projects across the Richmond area. We primarily develop for our own portfolio but we also partner with equity investors. We generally focus on smaller infill projects, historic rehab and distressed property scenarios.
Scott’s Addition – Historic Tax Credit Rehab
The historic Hofheimer Building was built in 1928 and according to the Department of Historic Resources is the only example of “Exotic Revival-style” architecture in Scott’s Addition. Snipes Properties renovated the 15,000 sq ft of commercial building in the heart of Richmond’s West Broad Street corridor using federal and state historic tax credits. The property was re-zoned to B-7 and leased to 3 commercial tenants. Award Winning Chef Peter Chang occupies 3000 SF of ground floor space for his 7th restaurant location in the region. Uzurv, a ride-sharing app occupies 3000 SF of office space. The remainder of the building houses the Hofheimer Event Venue, a 6000 SF banquet and event facility which also features one of the only rooftop bars in the City of Richmond.
Museum District – Townhouse Development
3412 Cutshaw Avenue is a non-historic, non-conforming office building located on the western edge of the Museum District near I-195 and I-64. We acquired the property in 2014 and demolished it in 2017 and developed The Meridian – An infill project consisting of 8 single family “1900’s inspired” Rowhomes built with a modern 21st-century twist. The parcel features nearly 13,000 sq ft of land with over 100 ft of frontage and ample off street parking. More info at MeridianRVA.com
Church Hill – Acquisition and Zoning
2112 E. Clay Street is a 5,000 sq ft parcel zoned R-63. The property is located at the intersection to historic Church Hill and Union Hill. It sits on the corner of Clay street overlooking Jefferson Park. Our team acquired the parcel in 2013, prepared the zoning and sold the project to Cobblestone Development which plans to build and sell single family homes in 2017.
Henrico County – Single Family Development
Parham Estates was a single-family residential subdivision in the West End of Henrico County which we developed in 2008. The project featured 13 energy efficient homes with a convenient location and an affordable price point. Our team developed, built and handled sales and marketing.