PROPERTY DESCRIPTION
 

1401 East Cary is a property consisting of 19 spacious one-bedroom apartments in the heart of Shockoe Slip, one of Richmond famed and historical areas. The building is also home to two retail locations and multiple office spaces. The retail space consists of The Hardshell restaurant, an established Richmond landmark, as well as the newly cemented Billy Jacks Shack. The office spaces include The Kaplan Voekler Cunningham Frank (KVCF) Law Firm among others. 

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STRATEGIC LOCATION

 

The property is located in the heart of Richmond's Shockoe Slip, a vibrant historical area situated near the former James River and Kanawha Canal. The area has become a popular place for both students and professionals to live and work given the many retail and office locations, as well as its proximity to Virginia Commonwealth University and the Virginia Capitol as well as other government buildings. 

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SUBMARKET

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Downtown Richmond has grown and undergone much renovation with little signs of slowing down. According to Time Magazine Richmond is the number two urban area for millennial move-ins in the country, with the number of millennials growing by nearly 15% from 2010 to 2015. 

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The area's historical significance combined with a tireless effort to renovate while keeping the heart of the city and the history alive has made the city a popular living destination for both young and established professionals. 

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Virginia Commonwealth University is the largest employer in Richmond and continues to grow while expanding its campus and gaining national attention.