Richmond, VA
Model Tobacco
$35m
Size
203
Units
Richmond, VA
Market
- Less than five minutes from downtown business district
- Located on “high-frequency” GRTC bus route
- Historic Tax Credit qualified deal
- Iconic building will be a catalyst for growth in the area
- Minutes from downtown Richmond
- Frontage on US-1: 18,000 average daily vehicles
John B. Levy & Company, Inc. structured the construction-to-permanent loan of this historic redevelopment in one of Richmond's fastest growing submarkets. The Historic Art Deco building will be redeveloped into 203 multifamily units, a 50,000 SF entertainment facility and two warehouses that can be developed in the future as multifamily.
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