Fresh off completing a gut renovation in the Arts District, a local development firm is turning its attention to a similar project on the Southside.
Last week SNP Properties purchased 1433 Hull St. for $820,000, with plans to bring a mix of uses to the vacant building.
The two-story, 12,600-square-foot building had for nearly 70 years been home to Southside Hardware until its closure in 2019, per a Richmond Free Press report.
SNP principal Eric Phipps compared the firm’s plans for 1433 Hull to those of 24 E. Broad St., which saw it add 10 apartments to a three-story building that only had a ground-floor retail tenant.
Phipps said SNP is planning to convert its latest acquisition into 14-16 apartments and ground-floor retail space.
“It’s two buildings that are adjoined, and it looks like it’s been vacant for at least 20 years,” Phipps said of the Hull Street property.
The 102-year-old building was most recently assessed at $597,000, and Phipps said Walter Parks Architects is designing the project. One South Commercial’s Lory Markham repped SNP in the deal, with One South colleague Ann Schweitzer Riley representing the seller.
While SNP has plenty of experience north of the river, particularly in Jackson and Monroe wards, this deal marks its first trip south.
“This is our first entry into Manchester,” Phipps said. “We’re dipping our toe into Manchester.”
SNP has a pair of larger renovation projects in its queue, including the conversion of the Saint Gertrude’s campus in the Museum District and repurposing the LaDiff building in Shockoe Slip.
Phipps said they’re still finalizing details for the LaDiff building, but that they’re planning to convert it into apartments above ground-floor office space beginning this spring.
Fresh off completing a gut renovation in the Arts District, a local development firm is turning its attention to a similar project on the Southside.
Last week SNP Properties purchased 1433 Hull St. for $820,000, with plans to bring a mix of uses to the vacant building.
The two-story, 12,600-square-foot building had for nearly 70 years been home to Southside Hardware until its closure in 2019, per a Richmond Free Press report.
SNP principal Eric Phipps compared the firm’s plans for 1433 Hull to those of 24 E. Broad St., which saw it add 10 apartments to a three-story building that only had a ground-floor retail tenant.
Phipps said SNP is planning to convert its latest acquisition into 14-16 apartments and ground-floor retail space.
“It’s two buildings that are adjoined, and it looks like it’s been vacant for at least 20 years,” Phipps said of the Hull Street property.
The 102-year-old building was most recently assessed at $597,000, and Phipps said Walter Parks Architects is designing the project. One South Commercial’s Lory Markham repped SNP in the deal, with One South colleague Ann Schweitzer Riley representing the seller.
While SNP has plenty of experience north of the river, particularly in Jackson and Monroe wards, this deal marks its first trip south.
“This is our first entry into Manchester,” Phipps said. “We’re dipping our toe into Manchester.”
SNP has a pair of larger renovation projects in its queue, including the conversion of the Saint Gertrude’s campus in the Museum District and repurposing the LaDiff building in Shockoe Slip.
Phipps said they’re still finalizing details for the LaDiff building, but that they’re planning to convert it into apartments above ground-floor office space beginning this spring.
I love seeing these blocks along Hull Street get renovated.That strip was such a disaster back in 2010 when Yasmine Hamad and I took on listings to market buildings along the 1300, 1400 and 1500 blocks all owned by one entity. They were the worst of the lot, but with amenities: mostly skylit ( no roofs) and with interior water features ( deep rain pools) and some with interior atriums and landscaping ( trees growing through multiple stories). Occupancy was low but we carried flashlights and protective sticks with us in case the squatters resented our presence during showings. We… Read more »
I agree! Hull Street (Manchester) has great architecture. With some TLC, it could become a Carytown south or at least become the 21st equivalent of what it was in its heyday (30s, 40s, 50s).
It would be neat if they built two stories of apartments on top of this row of buildings and saved the fronts of them. Or extended the brick to the two new floors.
These buildings really look like the classic model railroad buildings on train sets.
Convert is a great word. Happy to see it. Thank you.
The article states a Free Press article says that location closed in 2019,but in reality that location hadn’t been open nor operating since atleast the mid 90’s!. They opened briefly around 2019 for a liquidation sale,but that was only when the family of the owner decided to sell off some of the remaining items. Whatever goes there I hope it’s beneficial for the broader community,recently the area has seen an upswing in development,yet a disconnect with long time residents who perceive much of the development as being geared towards elements of gentrification .