• ‘Are You Negotiating With Your Builder? Then Here Are The Things You Must Know…’

Richmond VA New Homes

  • Home
  • Search
    • Search By County
    • Advanced Search
  • Market Stats
  • Our Perspective
  • Us
    • About Us
    • Our People

Mountain Run and The Federal Club

By Rick Jarvis

Opened to great fanfare in late 2006, Mountian Run was the brainchild of Tommy Pollard, a local business owner turned developer, who had developed The Hollows, roughly 15 years prior.

The 13th hole at 'The Fed' is a slightly uphill par 5 with a distinctively links feel with the native grasses and elevated green guarded by bunkers and collection areas.
The 13th hole at ‘The Fed’ is a slightly uphill par 5 with a distinctively links feel. The hole features native grasses and elevated green guarded by bunkers and collection areas.

MR was to be a 99 homesite rural preservation subdivision located along Route 33 and the South Anna River in the NW Ashland/Montpellier/Glen Allen area of Hanover.  The preservation lot was to be home to a 27 hole Arnold Palmer Signature golf course, called The Federal Club, and built by one of the finest golf course construction crews in the world.

Parts of this plan came together.

Before the market crashed in 2008, roughly 50 of the 99 homes were built and 18 of the 27 holes were built.  The clubhouse that was to be the centerpiece of the course was not built as the development team, relying on lot sales that were no longer coming, effectively went bankrupt.  The club and the remaining lots were purchased by a local Hanover family, the Gilmans, who have been operating the club since early 2011.  While the bank (Bank of Essex) was owed close to $10M on the original development loan, the club and remaining lots were purchased for close to $3M.

While lot sales have remained slow, the club itself is moving towards clubhouse construction and a fully private membership structure (September 2012).

There was a pretty high number of short sales and foreclosures in Mountain Run due to the luxury pricing, poor timing, uncertain financial backing of the original developers and incomplete clubhouse facility.  The distressed inventory has largely worked its way through the system and the current ownership and management is far healthier with a fraction of the debt that hamstrung the original owners.


Other Articles on New Home Neighborhoods

  • HOA/POA or Civic Association? Does it Matter?
  • Track Versus Custom Builders
  • The Highlands Defines Itself
  • The Need for Flexible Neighborhoods
  • Oak Park, the New Ginter Park
  • Grey Oaks and Nuckols Road

Other Articles on New Home Lots

  • What Does the Lot Offer?
  • Saving Trees
  • The Need for Flexible Neighborhoods
  • Lot Pricing in the Metro
  • Oak Park, the New Ginter Park
  • Bad Lots

Related Posts

Filed Under: Home Lots, Insider Perspective, Neighborhoods Tagged With: Lots, Neighborhoods

804.767.7566


Link to One South Realty's New Homes Team Bios

How Do I Schedule a Showing or Find Out More?

I am Kendall C. Kendall, Client Care Coordinator for the team. I am a licensed Realtor and it is my job to answer questions and schedule showings for the properties shown on our sites. Here's our call policy.

kendall@richmondvamls.net

Sarah Jarvis, Founder One South Realty

Working With Buyers

I love new homes...always have. In my 20+ years in real estate, I feel lucky to have seen nearly every aspect of the building business close up. From design and permitting to development and finance, I have been involved in every facet of the new construction process. If you are considering building a new home, don’t go it alone. Spend a moment on our blogs to understand the depth of our knowledge about Richmond's new home market.
sarah@richmondvamls.net

Some of Our Thoughts

Mountain Run and The Federal Club

By Rick Jarvis

Opened to great fanfare in late 2006, Mountian Run was the brainchild of Tommy Pollard, a local business owner turned developer, who had developed The Hollows, roughly 15 years prior. MR was to be a 99 homesite rural preservation subdivision located along Route 33 and the South Anna River in the NW Ashland/Montpellier/Glen Allen area […]

More Posts from this Category

Popular Searches

  • Founders Bridge
  • GreenGate
  • Grey Oaks
  • Hallsley
  • Magnolia Green
  • Tarrington
  • The Highlands
  • RounTrey
  • New Home Lots

Find Us

One South Square Logo

2314 West Main Street
Richmond, VA 23220
804.767.7566
kendall@richmondvamls.net

Accessibility
Copyright

Lending

C&F Logo

We offer competitive mortgage solutions with a commitment to exceed your expectations. We’re local industry experts who are also your friends and neighbors. Whether you want to communicate online or in person, we’re just a call or click away. https://onesouthrealty.com/mortgage-financing/

Tweet

  • Just now

Our Network of Sites: RichmondVaMLS.net, RichmondVaCondos.net, RichmondLuxuryNeighborhoods.com,
RichmondFanRealEstate.net, RichmondVaMLSSearch.net.
Housekeeping: Sitemap, New Home Listings Sitemap, Disclosure


All of the information displayed here is deemed to be gathered from reliable sources but no warranties, either express of implied, are made part of this site. Additionally, the IDX Feed for listing information may contain descriptions of properties not represented by One South Realty, its agents or staff and any violations or misrepresentations are the sole responsibility of the listing brokerage of the subject property in violation.


Equal Opportunity Realtor Disclaimer

I agree to provide equal professional service without regard to the race, color, religion, sex, handicap, familial status, national origin or sexual orientation of any prospective client, customer, or of the residents of any community. Any request from a home seller, landlord, or buyer to act in a discriminatory manner will not be fulfilled. test