Spy Rock Real Estate Group breaks ground on UMFS West Broad Street Campus

Spy Rock Real Estate Group breaks ground on UMFS West Broad Street Campus

A collaboration that will transform the lives of children and their families, while also reimagining one of the last undeveloped blocks of West Broad Street, has begun.

A collaboration that will transform the lives of children and their families, while also reimagining one of the last undeveloped blocks of West Broad Street, has begun.

As UMFS approaches its 120th anniversary in 2020, it’s embarking on a long-term land-lease with Spy Rock Real Estate Group to kick off a capital campaign aimed at upgrading its Richmond campus. The long-term lease will help fund an 18-24-month campus transformation, UMFS’ first major upgrade in 65 years.

“UMFS is experiencing tremendous growth, and as a part of that growth, we’re upgrading our facilities,” said Greg Peters, president and CEO of UMFS.  “We have been right here on Broad Street for nearly 120 years. We’re excited about increasing our visibility and expanding our services for the future.”

The 99-year land lease allows Spy Rock Real Estate Group to develop the field at the front of UMFS’ 33-acre campus, located at West Broad and North Hamilton streets across Interstate 195 from Scott’s Addition. Spy Rock’s 4.5-acre development includes plans for two, four-story mixed-use buildings that will feature one- and two-bedroom apartments, ground-floor commercial space for offices, a full-service restaurant and a fast-casual/coffee shop, as well as a hotel fronting West Broad Street.

The project will break ground this month and is expected to take 18-24 months.

“We couldn’t be more grateful for our partnership with Spy Rock,” said Peters. “It has been incredible working side by side with a community partner that understands our mission and shares our passion of shaping the future of children across our region.”

Revenue from the lease and the capital campaign will permit UMFS to build two state-of-the-art buildings that will allow the organization to expand its reach to the children, teens and families it serves.

Phase 1 of UMFS’ renovations will break ground this winter and include a new Child & Family Healing Center that will allow UMFS to serve 20% more youth. The residential center, housing youth ages 11-17, will replace four post-WWII cottages, add much-needed common space for families and enhance the living spaces for the youth.

Phase 2 of the project includes an addition to UMFS’ Charterhouse School that will enable UMFS to serve 135 students in a more traditional school setting. The new school building also will enhance UMFS’ career and technical education program and expand its services for students with autism.

“Our new Child & Family Healing Center not only will allow us to serve more young people, but it also will help us better accommodate the family unit. We believe that children do better when they’re with families, and our new Child & Family Healing Center is being designed with that in mind,” said Peters. “Charterhouse School provides incredible support to students throughout our region. With our planned addition, we’ll be able to better serve students in our Career and Technical Education program and enhance the services we provide to students with autism.”

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