Drucker + Falk Expand Richmond Management Portfolio
The firm will oversee operations at a mixed-use Opportunity Zone development slated for completion in 2020.
The Current. Image courtesy of Lynx Ventures
Lynx Ventures has selected Drucker + Falk to manage the 215-unit residential component at The Current, a mixed-use project under construction in an Opportunity Zone in Richmond, Va. Construction on the development began in August and is scheduled for completion by the end of 2020, according to Yardi Matrix.
With its new assignment, Drucker + Falk’s management portfolio exceeds 37,000 units nationwide, with nearly 6,000 in the Richmond-Tidewater market. Late last year, the firm was selected to oversee operations at a 352-unit multifamily property in Virginia Beach, Va.
The residential unit mix at The Current will include studio, one- and two-bedroom floorplans, with a wide range of amenities including a dog park, rooftop terrace, demonstration kitchen and swimming pool. Plans for other components of The Current call for 60,000 square feet of office and 16,000 square feet of retail space. The development will also have a 323-stall public parking garage with 25 electrical vehicle-charging stations.
Located at 400 Hull St. in the Manchester neighborhood, the development site is a mile south of the Virginia State Capitol and downtown Richmond. The property will be connected to the wider metro area via nearby public bus routes and Interstate 95, half a mile to the east.
