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Mews at Cary Mills

Situation: Purchased as an investment in 2001, Marc Galt of Sensei Development hired Johannas Design Group to design a multi-family community at 1708 W. Cary Street. Johannas recommended that Marc meet with Monument to determine construction cost for the two-building project, designed to offer 13 units opening on a shared courtyard and pedestrian path.

Challenges: As the rezoning process moved along in fall 2007, the housing market was starting to shift, and Marc approached Monument about doing the project as a joint venture. As a development partner, our Monument team helped to oversee the renovation and manage condominium filings and tax credit work.

Resolution: Acclaimed for its design features, the Mews at Cary Mills was completed in January 2009, with the first residents moving in soon after. The Greater Richmond Association for Commercial Real Estate honored our joint project with its award for the best multi-family project, and the Alliance to Conserve Old Richmond Neighborhoods presented it with the Golden Hammer for best urban infill project.

“The Alliance to Conserve Old Richmond Neighborhoods presented its annual Golden Hammer Awards this week for the best renovations in the area. … The award for best urban infill project went to The Mews at Cary Mill, a residential building at 1708 W. Cary Street. The architects and developer wanted to increase density in the Fan, remove surface parking, and reuse an existing structure. The result was a modern structure with six residential units, a lobby and a parking garage complemented by a landscaped mews between the existing warehouse and the new building.”

- Richmond Times-Dispatch, Nov. 14, 2009