SteelHead Management

SteelHead Management SteelHead Management is a private, Property Management group specializing in class-A assets in urban

SteelHead Management is a private, Richmond based Property Management group specializing in class-A assets in urban environments. Our team is dedicated to providing an environment that embraces innovation, open communication, collaboration, shared values, and team work.

04/23/2026

Breaking News - more new development in our future!

New development on the horizon!Spy Rock planning 7-story mixed-use building near Ukrop’s in Westwood areaThe nearly 2-ac...
04/23/2026

New development on the horizon!

Spy Rock planning 7-story mixed-use building near Ukrop’s in Westwood area

The nearly 2-acre site at Westmoreland and Jacques streets is proposed for a 7-story mixed-use building. (Jonathan Spiers photos)

A project that would add over 200 more apartments to Henrico’s Westwood area would also take the transforming corridor to new heights.

Spy Rock Real Estate is planning a 7-story building with 224 apartments and street-facing retail space at 1921-1925 Westmoreland St., a nearly 2-acre site south of the Jacques Street intersection and across Westmoreland from the Ukrop’s Homestyle Foods bakery and catering business.

At 7 stories, the building would be the tallest in the corridor, which has been changing in recent years from primarily industrial uses to a mix that includes new apartments and offices.

On the other side of the Ukrop’s building, the former Kinsale office building and Tapestry West Apartments are both 5 stories tall, as is The Alder on Dabney, the 245-unit complex Spy Rock developed on 2 acres near Topgolf. Farther north, the former Holland Tower, now called Marwaha Tower III after its purchase last year for $13 million, is 6 stories tall.

Spy Rock’s building on Westmoreland would include a 6-story parking deck with 303 spaces and a 2,500-square-foot retail space fronting Westmoreland. The parking deck would have a single access off Jacques Street.

SpyRockWestmorelandApts
A conceptual site plan shows the building layout with parking deck access off Jacques Street.

The structures would replace two single-story buildings on the site, including the building at 1925 Westmoreland that once housed a crematorium and offices for TV station Fox Richmond. An existing railroad spur that lines the east side of the site would be maintained.

Spy Rock principal Andrew Basham said the apartments would be a similar mix to The Alder on Dabney, which has 154 one-bedroom units, 76 two-bedrooms and 15 three-bedrooms. He said rent ranges for the Westmoreland apartments have not been determined.

While Spy Rock doesn’t yet own the site, Basham said the firm has been courting the property’s owners for a few years and “the time was right for them to move on from their ownership of the property.” The property is currently owned by Woods-Westmoreland LP, a Goochland-based entity that acquired it three years ago in a $680,000 transaction.

Henrico has assessed the property at $2 million.

SpyRockWestmoreland2 Cropped
One of the two buildings on the property once housed offices for TV station Fox Richmond.

Spy Rock is seeking a provisional-use permit from the county for the project, which is set to be heard by the planning commission April 9. Basham said the project cost and anticipated timeline have not been determined.

A county staff report describes the project as generally consistent with the Westwood Redevelopment Overlay District, but that planners could be more supportive if a more cohesive master plan document is provided. Specifically requested are details on pedestrian facilities, landscaping and amenities.

A submitted conceptual plan shows the apartments would wrap around an interior courtyard. An amenities space and leasing office would front Jacques Street and flank the access to the parking deck. A 5-foot-wide sidewalk also would be added along both roads.

Poole & Poole Architecture is designing the apartments. Timmons Group is handling civil engineering and completed a parking analysis that determined the proposed parking would exceed peak parking demand.

The site is just south of a similar-sized property where Fulton Hill Properties is approved to develop a 7-story building with 253 apartments. Fulton Hill put that property at Westmoreland and Thalbro Street on the market two years ago with an $8 million price tag.

The Fulton Hill property was carved out of the adjacent former UTurn property, which Hill City Church purchased in 2023 and is now renovating.

Westmoreland Crossing 1
The 19-acre office complex at 2000 Westmoreland St. is planned for redevelopment.

Meanwhile, the Ukrop family has yet to pull the trigger on their plan to redevelop and infill the nearly 20-acre complex at 2000 Westmoreland St. where Ukrop’s Homestyle Foods is based. The multi-phased project could ultimately consist of 1,000 multifamily residential units, along with a mix of retail, restaurant, office and hotel uses.

Developer Rob Lanphear with Pivot Development, who the Ukrops are working with on the project, said they remain committed to the area and are waiting for the right time to go forward with the project.

“There’s a lot happening in the area. We’re pretty excited for the way that everything’s continuing to grow and develop,” Lanphear said.

“The Ukrops are committed for the long term (to) the development. The idea is to hold it for the long term and steward the property,” he said. “Like many folks, we’ve been managing that puzzle of design, construction costs, capital costs and the leasing market, and just watching for the right time to move forward.”

Also nearby, Middleburg Communities is moving forward with its 300-unit Scottwood apartments at 4400 W. Broad St. The Northern Virginia-based firm purchased the nearly 6-acre property last week for $11.5 million.

https://richmondbizsense.com/2026/04/06/spy-rock-planning-7-story-mixed-use-building-near-ukrops-in-westwood-area/

🎊Celebrating Our August Work Anniversaries!🎉This month, we’re celebrating the amazing team members who began their journ...
08/25/2025

🎊Celebrating Our August Work Anniversaries!🎉

This month, we’re celebrating the amazing team members who began their journey with us during August in previous years- please help us wish a Happy Work Anniversary to Derron Faison, Krystina Donaldson, Darius Polk, Todd Ray, Gina Canderelli, John Buckley, William Bolding, and Oliver Johnson!🌟

Thank you for everything you all do- here’s to even more wins in the years to come!💙

🎂Happy Birthday to our August Stars!🥳Please join us in wishing the happiest of birthdays to our outstanding team members...
08/25/2025

🎂Happy Birthday to our August Stars!🥳

Please join us in wishing the happiest of birthdays to our outstanding team members- Jes Sugg, Jamie Harrison, Rebecca Bryan, Brandon Orange, Tay Jones, Tim Grimes, Kia Tinney, Megan Rozsahegyi, Mary Biehl, Kayla Coleman, and Ayanah Lassiter- who were all born during the month of August! 🎈🎉

You all bring so much light, energy, and kindness to those around you- now it’s your turn to shine! Wishing you all a birthday bursting with laughter, love, and sweet surprises. Cheers to another year of growth, greatness, and good vibes! 🥳

That’s a wrap on our 9th Annual Company Picnic Awards- an event that means so much to our SteelHead family!!❤️ A huge th...
07/25/2025

That’s a wrap on our 9th Annual Company Picnic Awards- an event that means so much to our SteelHead family!!❤️ A huge thanks to our event committee, our incredible teams, and our outstanding leaders for making it all possible.

🎉 Shoutout to our 2025 award winners:
🏆 Community of the Year: Element at Ghent
🏆Employee of the Year: Brandon Morton
🏆Donald Mosley Award: Tony Johnson

From fierce games to unforgettable food and team bonding, it was a day that will go down in SteelHead history! ✨

Here We Grow Again! We’re looking for a friendly and motivated Leasing Specialist to join our team at The Guild Apartmen...
07/18/2025

Here We Grow Again!

We’re looking for a friendly and motivated Leasing Specialist to join our team at The Guild Apartments!

Ready to make moves? Submit your resume to careers@steelheadmanagement and join our team today!

Address

3810 W Broad Street, Suite 200
Richmond, VA
23230

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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+18042866802

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