Current Projects
Our Development Philosophy
At Shread Companies, we don't just see parcels of land; we see future neighborhoods. Our development philosophy is centered on planning for long-term community value and accessible homeownership. By taking a strategic approach to entitlement, infrastructure, and partnership, we ensure every lot we deliver contributes to sustainable, affordable residential growth in the Richmond region.
While we are a new company moving with speed, our current portfolio demonstrates the strategic focus, scale, and community commitment that define our work.
Strategic Project Portfolio: Under Contract and In Planning
Our initial focus is on large-scale residential projects in high-demand submarkets, reflecting our commitment to meeting the region's critical need for new family housing. These projects are currently under contract and actively moving through our expedited entitlement process.
Bailey Bridge Road
- Location: Midlothian, VA
- Project Size: 82 Acres
- Estimated Homesites: Approx. 200
- Current Status: Acquisition & Entitlement. Actively moving through streamlined due diligence and conceptual planning for rezoning submission.
Mt Herman Road
- Location: Midlothian, VA
- Project Size: 279+ Acres
- Estimated Homesites: Approx. 225
- Current Status: Acquisition & Planning. Performing initial feasibility studies and environmental assessments for an expedited path to contract and entitlement.
Hull Street Road
- Location: Midlothian, VA
- Project Size: 42 Acres
- Estimated Homesites: TBD
- Current Status: Acquisition & Planning. Under contract, focused on initial site analysis and aligning the project with local comprehensive plans.
Our Affordability Commitment
Through strategic partnerships, Shread Companies is directly addressing the housing gap in the Richmond area.
- Affordable Housing Availability: Our current plan, in partnership with our homebuilders, is designed to ensure affordable housing options are available to local families.
- Virginia Housing Goal: A minimum of 10% of all homes in our developments will be dedicated to Virginia Housing initiatives, ensuring greater accessibility and long-term security for residents.
By investing heavily in the entitlement certainty and infrastructure early in the process, Shread Companies ensures that the communities we develop are durable, desirable places to live, backed by a commitment to strategic, positive social impact.