In a significant development for Richmond's real estate market, a team of developers is set to embark on an ambitious project that will reshape the Libbie-and-Grove area. This spring, construction will commence on a luxurious 26-unit condominium complex, replacing an aging office building at 417 Libbie Avenue. The project, which has been in the planning stages for three years, aims to introduce high-end living spaces that cater to the growing demand for upscale residential options in this vibrant neighborhood.

Luxury Living Awaits on Libbie Avenue

During the golden hues of autumn, the historic yet outdated office structure at 417 Libbie Avenue will give way to modern elegance. Urban Generation Living (UGL), a New York-based firm, along with local entrepreneur Stuart Cantor and marketing expert Clint Mann from Urban Pace, are spearheading this transformative endeavor. The existing century-old building, once home to Vascular Surgery Associates, will be demolished to make room for rowhouse-style condos designed by Baskervill. These residences, spanning three to four stories, will occupy the 0.75-acre property, situated near Eagle Construction’s recently completed townhomes.

The new development, aptly named "417 Libbie," promises to deliver opulent living experiences with units ranging from 2,000 to 2,500 square feet, featuring two to four bedrooms and 2½ to 3½ bathrooms. Penthouse options will offer expansive layouts between 4,400 and 4,900 square feet. Each floor will house eight units, accessible via two elevators leading to an underground parking garage. Pricing for these homes is anticipated to start around $1.4 million, aligning with the premium offerings in the vicinity.

Mann emphasizes the meticulous attention to detail invested in refining the project since securing city approvals and acquiring the property in 2022. The team has diligently studied market trends, engaged potential buyers, and ensured that every aspect—from interior finishes to amenities—meets the highest standards. With construction expected to conclude by late 2026, "417 Libbie" aims to become a landmark of luxury living in Richmond.

From a journalistic perspective, this development underscores the evolving urban landscape of Richmond, particularly in the West End. It highlights the increasing appetite for high-quality, modern living spaces among residents. The project not only enhances the aesthetic appeal of the area but also reflects a broader trend towards urban revitalization through thoughtful, community-driven development. As more such projects emerge, they promise to enrich the city's fabric, offering residents a blend of historical charm and contemporary convenience.