The Locks Earns National Award for Historic Rehabilitation
- October 7, 2014
- FOR IMMEDIATE RELEASE
- Contact: Rick Gregory
- Fountainhead Properties
Project honored by the National Housing & Rehabilitation Association as a 2014 Timmy Awards finalist
RICHMOND, VA, October 7, 2014–The Locks, a downtown mixed-use community on the Haxall and Kanawha Canals, earned top honors in the National Housing & Rehabilitation Association (NH&RA) 2014 Timmy Awards competition in the category of “Best Market-Rate or Mixed Income Residential.” The award was presented October 7 in Boston, Mass. during NH&RA’s 2014 Fall Developers Forum. The project was also nominated for a Judge’s Award as “Best Historic Mill or Factory Rehabilitation.”
The Locks is the historic rehabilitation of the former Reynolds Metals North Plant and was co-developed by Richmond-based Fountainhead Properties and WVS Companies. Walter Parks Architects served as the architect for the project and Sadler & Whitehead served as historic consultant.
The four historic buildings of the project, all originally built to serve the tobacco industry, were transformed into 179 one- and two-bedroom apartments featuring top-of-the-line appointments and spacious design. Casa Del Barco, an upscale Mexican restaurant, occupies the first floor of the community’s Italianate building, overlooking the Haxall Canal. Fifty-two apartments in a fifth building on the six-acre property is under construction and is slated to open in early 2015.
The Timmy Awards are selected annually to honor outstanding real estate projects that involve rehabilitation of older, historic buildings primarily using Federal or State Historic Rehabilitation Tax Credits. Nominated projects are judged for overall design and quality, interpretation and respect of historic elements, innovative approach to construction and use of building materials, community impact, sustainability and financial and market success.
A multidisciplinary panel of judges, including developers, transactional consultants as well as an architect and preservation advocate, selected winners and finalists from a total of 40 applications hailing from 23 states and the District of Columbia, the widest geographic representation in the history of the Timmy Awards competition.
“Over the past decade, this competition has honored dozens of successful projects that utilize Federal and State Historic Tax Credits,” says NH&RA Executive Director Thom Amdur. “We are thrilled to recognize such an innovative and impressive group of projects on the tenth anniversary of the Timmy Awards program. It is remarkable to see the transformations of these historic buildings and the impact the projects have made on their communities.”
Fountainhead Properties is a previous recipient of the coveted award, named as a finalist in 2011 in the category of “Most Innovative Adaptive Reuse” for its New Manchester Flats project and in 2008 in the category of “Best Adaptive Reuse/Commercial Rehab” for The Commons at Plant Zero.