The Hub at 500 Maury Street brings 6-story housing development to Richmond’s Manchester neighborhood.
By Sarah Okafor | The Commonwealth Wire
RICHMOND — The first residents have begun moving into The Hub, a new six-story mixed-income apartment building in Richmond’s Manchester neighborhood, marking another step in the area’s ongoing residential development.
The building, located at 500 Maury Street, represents a collaboration between two local development firms: Dodson Development Group and Fountainhead Real Estate Development. The project brings additional housing options to Manchester, a historic neighborhood south of the James River that has seen increased development activity in recent years.
The Hub’s mixed-income structure is designed to provide housing options across different income levels, though specific rental rates and income requirements were not immediately available. The six-story height makes it one of the taller residential buildings in the Manchester area.
Manchester has experienced significant changes over the past decade as developers have focused on the neighborhood’s proximity to downtown Richmond and its historic character. The area sits directly across the James River from Richmond’s central business district, connected by the Manchester Bridge.
Dodson Development Group has been active in Virginia real estate development, while Fountainhead Real Estate Development also maintains a presence in the Richmond market. The partnership reflects continued investor confidence in Manchester’s residential market potential.
The completion comes as Richmond continues to address housing availability challenges across various income levels. Mixed-income developments like The Hub aim to provide options for residents with different financial circumstances within the same building.
Construction on the project had been ongoing for several months, with the building now reaching occupancy status. The timing of the opening coincides with spring moving season, when residential real estate activity typically increases.
The development adds to Manchester’s evolving residential landscape, which includes both new construction and renovated historic properties. The neighborhood’s character combines industrial heritage with newer residential and commercial developments.
Local officials have not released specific data on how the new units might impact Manchester’s overall housing stock or rental market conditions. The building’s full occupancy timeline was not immediately available from the developers.
The Hub represents one of several residential projects that have moved forward in Manchester as developers continue to invest in Richmond’s southside neighborhoods. The area’s accessibility to downtown Richmond via multiple bridge connections has been a factor in its residential appeal.
Key Facts
- The Hub apartment building at 500 Maury Street in Manchester has opened to its first residents
- The six-story building is a mixed-income development by Dodson Development Group and Fountainhead Real Estate Development
- Manchester sits directly across the James River from downtown Richmond, connected by the Manchester Bridge
- The development adds to ongoing residential construction in Richmond’s Manchester neighborhood
