After first hitting the market nearly four years ago, the building in Monroe Ward that houses Tiffanie’s Manor is set to be sold and potentially converted into apartments. (Mike Platania photo)
Correction: An earlier version of this story incorrectly reported Dobrin Properties as the pending buyer of Tiffanie’s Manor. The buyer is an unnamed out-of-town firm.
After decades as an assisted living facility, a century-old Monroe Ward building is set to change hands — and its redevelopment may not be far behind.
Tiffanie’s Manor, a nursing care facility for individuals with mental disorders at 115 N. Jefferson St., is under contract to be sold to an unnamed buyer from outside the Richmond region.
Josephine Gatling, owner of both Tiffanie’s Manor and its building, confirmed the pending transaction. Gatling said the deal is scheduled to close in January for an undisclosed sum.
Zoning documents recently filed with the city suggest the firm intends to turn the building into apartments.
The building had previously been under contract to fast-growing local development firm Dobrin Properties, however that deal fell through, said Commonwealth Commercial’s Michael Good, who shares the listing with colleagues Ryan Fanelli and Tucker Dowdy. Dobrin had planned to convert it into 56 apartments and commercial space on a portion of the ground floor.
Gatling’s mother, Dolores, started Tiffanie’s Manor elsewhere in 1988 before moving it to the Monroe Ward building in 1994. The 33,000-square-foot building was built in 1925 and stands three stories tall near the intersection of West Grace and North Jefferson streets.
Tiffanie’s and the Gatlings bought the building in 1997 for $2.1 million, city records show. They first put it on the market in early 2018 with an asking price of $5 million. The city most recently assessed the building and the 0.3-acre plot of land it’s on at $2.51 million.
As the deal progresses, Gatling said she’s currently trying to find new places to stay for her 75 residents, some of whom have been with Tiffanie’s since the late 1980s.
“We’re trying to line them up and get placements for them. We’ve been getting with the families and finding out what they want to do with the residents. Some of them want to go to smaller homes, others want to stay in a larger facility like they’ve been,” Gatling said.
“It’s been a whirlwind trying to match everyone. Some of our folks have been with us since 1989, so I’m really trying to make sure they get a good placement.”
Monroe Ward has been seeing plenty of developer interest in the final quarter of 2021.
On Grace Street, Philadelphia’s Parkway Corp. recently spent nearly $3 million on a pair of parking lots totaling a half-acre not far from Tiffanie’s Manor. Heading west along Grace, the site of Chicago-based Pinecrest’s planned 15-story student housing tower has been fenced off, though ground has not yet been broken.
To the south on West Franklin Street, local developers George Emerson and Phil Roper are under contract to buy the YMCA’s properties, with plans to have the nonprofit anchor a mixed-use development, and across the street from the Y, the owner of the Jefferson Hotel is looking to demolish the former Second Baptist Church building.
After first hitting the market nearly four years ago, the building in Monroe Ward that houses Tiffanie’s Manor is set to be sold and potentially converted into apartments. (Mike Platania photo)
Correction: An earlier version of this story incorrectly reported Dobrin Properties as the pending buyer of Tiffanie’s Manor. The buyer is an unnamed out-of-town firm.
After decades as an assisted living facility, a century-old Monroe Ward building is set to change hands — and its redevelopment may not be far behind.
Tiffanie’s Manor, a nursing care facility for individuals with mental disorders at 115 N. Jefferson St., is under contract to be sold to an unnamed buyer from outside the Richmond region.
Josephine Gatling, owner of both Tiffanie’s Manor and its building, confirmed the pending transaction. Gatling said the deal is scheduled to close in January for an undisclosed sum.
Zoning documents recently filed with the city suggest the firm intends to turn the building into apartments.
The building had previously been under contract to fast-growing local development firm Dobrin Properties, however that deal fell through, said Commonwealth Commercial’s Michael Good, who shares the listing with colleagues Ryan Fanelli and Tucker Dowdy. Dobrin had planned to convert it into 56 apartments and commercial space on a portion of the ground floor.
Gatling’s mother, Dolores, started Tiffanie’s Manor elsewhere in 1988 before moving it to the Monroe Ward building in 1994. The 33,000-square-foot building was built in 1925 and stands three stories tall near the intersection of West Grace and North Jefferson streets.
Tiffanie’s and the Gatlings bought the building in 1997 for $2.1 million, city records show. They first put it on the market in early 2018 with an asking price of $5 million. The city most recently assessed the building and the 0.3-acre plot of land it’s on at $2.51 million.
As the deal progresses, Gatling said she’s currently trying to find new places to stay for her 75 residents, some of whom have been with Tiffanie’s since the late 1980s.
“We’re trying to line them up and get placements for them. We’ve been getting with the families and finding out what they want to do with the residents. Some of them want to go to smaller homes, others want to stay in a larger facility like they’ve been,” Gatling said.
“It’s been a whirlwind trying to match everyone. Some of our folks have been with us since 1989, so I’m really trying to make sure they get a good placement.”
Monroe Ward has been seeing plenty of developer interest in the final quarter of 2021.
On Grace Street, Philadelphia’s Parkway Corp. recently spent nearly $3 million on a pair of parking lots totaling a half-acre not far from Tiffanie’s Manor. Heading west along Grace, the site of Chicago-based Pinecrest’s planned 15-story student housing tower has been fenced off, though ground has not yet been broken.
To the south on West Franklin Street, local developers George Emerson and Phil Roper are under contract to buy the YMCA’s properties, with plans to have the nonprofit anchor a mixed-use development, and across the street from the Y, the owner of the Jefferson Hotel is looking to demolish the former Second Baptist Church building.
the fact someone other than Dobrin will be doing it is good news, judging from their properties