Stanley Martin Homes Builds Final Riverfront Homes in Coveted Downtown Richmond Neighborhood

Stanley Martin Homes Builds Final Riverfront Homes in Coveted  Downtown Richmond Neighborhood
  • Written on January 15, 2021 By Stanley Martin

RICHMOND, Virginia – Oct. 5, 2020 – Stanley Martin Homes, one of the leading homebuilders in the southeastern U.S., is building 61 new construction riverfront condominiums to be available for sale this October in the final phase of Richmond’s popular Rocketts Landing neighborhood, contributing to the city’s growth as part of the Richmond 300 plan. Richmond’s sustained population growth from 2000 to 2020 increased by an unprecedented 32,000+ residents, and the formal plan released earlier this year outlines an aggressive proposed growth trajectory for the next 17 years. One of the top focuses of the plan is increased quantity of homes within a sustainable budget for young adults and retirees, the two biggest demographic groups relocating to the area.

Overlooking the James River, the new spacious condos will offer four different floorplans with two- and three-bedroom options, including a unique triplex option with bedrooms and living spaces all on one main level – providing a rare opportunity to purchase a new home of this kind in Richmond. Residents will enjoy unmatched amenities, including a state-of-the-art fitness center, private garden lots, kayak storage and Richmond’s only riverfront pool. The neighborhood will officially be open for sales this fall, with move-in dates projected for early 2021.

The Rocketts Landing neighborhood is conveniently located near historic sites, nature and city highlights, steps from the Virginia Capital Trail, under 10 minutes to Shockoe Bottom and Capitol Hill, and less than 15 minutes to Virginia Commonwealth University. Within the Rocketts Landing neighborhood itself are several restaurant favorites, including The Boathouse, with panoramic views; The Bombay Company, serving up Latin and Indian fusion; and Conch Republic Rocketts, specializing in seafood.

“The Richmond area provides incredible career opportunities in business and politics, in addition to outdoors experiences and an array entertainment options,” said Hunter Taylor, area Division President of Stanley Martin Homes. “We’re proud to support the city’s continued rapid growth by introducing new, modern residential options, including the first triplex condo layout in the area. It’s easy to see why Richmond is one of the best cities to live in the U.S., and Rocketts Landing puts residents near both the bustle and energy of downtown, while enjoying the serenity of the James River and waterfront living.”

Developed by principles Jason Vickers-Smith and Richard Souter at WVS Companies, this new neighborhood of homes by Stanley Martin located on the City of Richmond and Henrico County line will help to address the needs of new housing in Henrico County which is also growing at a sustained rate, adding more than 2,000 new residents yearly with projections to continue this trend over the next 30 years, according to the latest U.S. Census data in 2017. A steady population increase within Henrico County, coupled with a relatively low vacancy rate in both single-family homes and multi-family homes – 1.6 percent in Richmond compared with 7 percent average in the nation – showcases the need for additional residential housing options.