A Henrico-based homebuilder known for its large projects in the suburbs has broken ground for the first time in the city of Richmond.
Eagle Construction of VA began work last week on its McRae & Lacy townhome development at 401 and 421 W. Seventh St. in Manchester. It’s the company’s first project inside the city limits, after decades building in the counties.
Plans call for 26 townhomes to be constructed on the site, including 14 four-story homes fronting West Seventh Street and 12 three-story homes to be built facing the James River.
Will Kennedy, Eagle Construction’s director of land acquisition and strategy, said in an email that construction crews began clearing the site last week, with vertical construction slated to begin in early 2020.
The project is taking shape on a wooded 1-acre parcel wedged between Legend Brewing Co. and Jeremy Connell’s 7West townhouse project. It is one of the last developable sites with river views in the neighborhood.
McRae & Lacy is a joint venture between Eagle Construction, which will serve as the builder, and a group tied to local attorney Jack Pearsall that owns the land.
Potential buyers will be able to choose between three floor plans ranging from 2,350 to 3,100 square feet, according to the company’s website. Unit prices will start at around $700,000.
A center alleyway through the development will provide access to each of the residences’ two-vehicle garages, along with green gathering space in the middle of the property.
The river-fronting units will include elevators, floating steel stairs and a NanaWall, which is a floor-to-ceiling retractable window, on the third floor, the website said.
Patrick Sullivan, an agent overseeing the re|RVA Team within One South Realty Group, is handling townhome sales.
McRae & Lacy is the first of at least two projects in the city that Eagle has on the drawing board.
The firm also is planning an infill townhouse development with 21 residences on a nearly 1-acre surface parking lot at 1 E. Cary St. in Monroe Ward.
That project requires a special-use permit application, which is set to be heard by Richmond City Council next month or in November, Kennedy said.