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Oak Park, the New Ginter Park

By Rick Jarvis

High end workmanship is the hallmark of Oak Park

Designed by lead developer John Dempsey for GreyCo development, Oak Park was created as his homage to the Ginter Park neighborhood in Richmond’s Northside.  Ginter Park is a turn of the century neighborhood located at the north end of the Boulevard and bisected by both Brook Road and Chamberlayne Avenue.  It is sometimes referred to as the Queen of the Suburbs as it was conceived by the late Major Lewis Ginter as the first true suburb in Richmond.

The story goes something like this (as told by John Farrell who was part of the original development team)….

“This North Ginter Park Sales Brochure was the inspiration for Oak Park, a reproduction of the original sales brochure.  There was an old barn on the property next to the original farmhouse that was renovated and used as a sales center and later sold off to a homeowner.  The barn was in terrible shape when Dempsey bought the property and he had to have it knocked down, however parked in the barn was an old model T ford truck that was just about rusted out. Dempsey found an original copy of this brochure in the glove box of the truck and it became the inspiration for the look and feel of Oak Park.

Ginter is known for its diverse architecture, large lots, stately homes and ample green spaces.  Oak Park sought to mimic much of the architectural character of the Ginter neighborhood and wrote its architectural covenants to create such an outcome.  With homes that are intricate in their design and with materials that are well above other norms in the marketplace, Oak Park was truly a striking place.

But it was expensive.

When the market corrected in 2008, Oak Park (the developer AND residents) felt the pinch as strongly as anyone and the homes, while beautiful, lost a great deal of value.  The homes in Oak Park were purchased at the peak of the market at pricing that was already more expensive on a per square foot basis due to the architectural guidelines.  That was a bad combination as the market’s willingness to purchase during the low points of the correction was genrally at the bottom end of both size and price.

The subdivision is now back with a new set of builders and has regained momentum in large part due to the homes that were built pre-crash that have character and charisma.  RS Hulbert and Bellevue Homes are the two main homebuilders in the neighborhood and both build with a focus on ‘GREEN’ techniques.


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
  • Mountain Run and The Federal Club
  • 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
  • Mountain Run and The Federal Club
  • Bad Lots

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

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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.
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Some of Our Thoughts

What Does it Cost to Build a Home?

By Rick Jarvis

Obviously, these costs vary by size, style, area, overall conditions in the marketplace and a host of other considerations, but generally speaking, most home builders follow a version of this economic model. Builder Costs (21%) Sales Commissions Closing Costs Deferred Marketing Advertising Contingency General Administration Cost Profit Income Tax Warranty Land and Lot Development Costs […]

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