The Old Manchester Redevelopment Project was approved by the Richmond City Council in July 1993. The plan calls for the development of a 180-acre, premier, in-town, mixed-use community located south of the James River between Cowardin Avenue, Commerce Road and the alley between Bainbridge and Hull streets.

The goal of the redevelopment plan is to transform vacant and under-utilized land into a revitalized neighborhood. Initial development efforts in the area resulted in a 128,000-square-foot office building owned jointly by Crestar Bank and RRHA to house the Crestar Mortgage Corporation
Headquarters.

Currently, in the Old Manchester area RRHA is underway with planning for the construction of single- family market-rate homes in the block bounded by Perry, Porter, 11th and 12th Streets.

The homes will average at $122,000 and offer 1,400 to 1,670 square feet.