Cville developer sells planned Manchester condo project to Henrico’s Godsey Properties

The 2-acre site had been home to Dennis’ Truck & Trailer Repair for around 20 years. (BizSense file photos)

A Manchester condo project initially conceived by a Charlottesville developer is now being helmed by a local firm.

Varina-based Godsey Properties in recent weeks purchased the 2-acre city block at 301 Maury St. for $4.5 million in a deal that included approved plans for 70 two-over-two townhouse-style condos.

The seller was Charlottesville-based NewCastle Development Group, which had initiated planning of the project around two years ago.

NewCastle paid $3.1 million for the site in 2023, which had been the longtime home of Dennis’ Truck & Trailer Repair Inc. It spans the entire block bound by Maury, East Third, Everett and East Fourth streets. 

It’ll be the first development in the city for Godsey Properties and its principal Doug Godsey, who said he’ll be building the condos in batches then selling them to Ryan Homes, who will then market them for sale. 

The condos will be situated as “two-over-twos,” which are a pair of two-story townhomes stacked atop one another. Preliminary plans showed that they’d each have three bedrooms and total between 1,500 and 2,600 square feet. 

An early rendering of the planned two-over-two condos.

Godsey said he’d heard about the property’s availability through the grapevine and was able to work out the arrangement with Ryan Homes. 

“Buying it with the (plan of development) approved and it already zoned is a lot of headache off my plate,” he said. “It was a very easy deal for me.”

In the coming weeks the former Dennis’ building will be demolished and construction will get underway, Godsey said, with plans to deliver the first condos to Ryan this September. Asking prices for the units have not yet been set. 

Godsey’s other ongoing projects include the nearly 1,000-home Landmark development near Sandston and Fairways, the residential redevelopment of the Glenwood Golf Course. Though he’s done site work in the city through Godsey Properties’ site division, he said the Maury Street project is the first development he’s leading in the city limits. 

“I’m actively looking for more stuff in the city,” he said. “I’ve been developing for 25 years and Richmond’s typically been a very stable development environment. We don’t see the highs like maybe Northern Virginia does, and we don’t see the lows that it does either.”

More housing is also in the work just a few blocks down Maury Street., as Dodson Development Group and Fountainhead Real Estate Development recently began construction of “The Hub,” a 162-unit apartment building at 500 Maury St. Townhomes are also being built a few blocks west at 600 Decatur St. in Manchester Square, a 40-unit project that Fountainhead’s also a part of. 

Godsey said he thinks the Maury Street corridor “is going to open up the Manchester area.”

The post Cville developer sells planned Manchester condo project to Henrico’s Godsey Properties appeared first on Richmond BizSense.