RICHMOND, Va. — Four local developers are teaming up to erect yet another apartment building in Shockoe Bottom. Phil Roper, George Emerson, Charles Bice and Amy de Venoge are planning a five-story $24 million project that will bring 160 new apartment units to the block between Franklin and Grace streets and North 19th and 20th streets, replacing an existing parking lot.
The project brings together Roper and Emerson, who are constant collaborators on projects in the area, with Bice and de Venoge, who work together at real estate firm Secam Properties. The foursome is working on the new project as Valley West LLC.
“We’ve known Phil and George a long time and have crossed paths through a variety of real estate contacts, particularly in the Shockoe Bottom area,” Bice said. “We were able to pool our resources and put our properties together and come up with this valuable apartment complex.”
Bice and de Venoge own part of the parking lot, and Roper and Emerson own the remainder. A smaller plot of about .25 acres at North 19th and Grace streets, owned by Sterling Bilder Developers, is not included in the plans.
To read more about the development plans, click here.
