Urban Exchange Update: Harrisonburg Lives Downtown!


Urban Exchange Update: Harrisonburg Lives Downtown!
By Scott Rogers • March 1, 2010
Less than a year ago (summer 2009) Urban Exchange opened its doors to the very first residents of this impressive new structure in downtown Harrisonburg. Urban Exchange features 194 apartments in studio, 1 bedroom, 2 bedroom, 3 bedroom and loft configurations -- with over 45 different floor plans. The big question that (nearly) everyone asked or wondered was whether there could really be several hundred people who wanted to live in downtown Harrisonburg. The results are in --- YES, there are a LOT of people who would like to live in downtown Harrisonburg! A few quick updates, and then enjoy the photos below showing the final product: When Urban Exchange opened in summer 2009, nearly 70% of the apartments had already been leased. Per signed leases as of today, when Urban Exchange reaches one year of operation (summer 2010), over 95% of the apartments will be leased! Approximately 50% of Urban Exchange residents are "young professionals" or downtown employees. Approximately 30% of Urban Exchange residents are undergraduate or graduate students. Large contingents of Urban Exchange residents are: Rosetta Stone employees, local school teachers, and JMU and EMU faculty and staff. It certainly is exciting to see the growing enthusiasm that exists for living in downtown Harrisonburg. Most experts in downtown revitalization would agree that a growing downtown population is an essential part of a vibrant and sustainable downtown district. If you have questions about Urban Exchange, feel free to call or e-mail Mary Messerley at 877-548-3831 or mary@LiveUE.com. Of note -- only one of four retail spaces at Urban Exchange has been leased, but several spaces are still available. If you are interested in details, please contact Mike Hendricksen at 540-908-7528 or mike@cbcfunkhouser.com. Hardie Plank, corrugated metal, glass, bridges, lavish landscaping, seating areas, and more! This glass encased corner includes the mail room, a reading room, the gym, and The Apex. The west-facing side of Urban Exchange, visible from Main Street near Court Square. Four floors of apartments joined by a landscaped courtyard over top of double volume retail space. Western views along Water Street, looking out towards Rosetta Stone. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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