Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Monday, March 1, 2010
Urban ExchangeLess 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.

Urban Exchange
Hardie Plank, corrugated metal, glass, bridges, lavish landscaping, seating areas, and more! 

Urban Exchange
This glass encased corner includes the mail room, a reading room, the gym, and The Apex.

Urban Exchange
The west-facing side of Urban Exchange, visible from Main Street near Court Square.

Urban Exchange
Four floors of apartments joined by a landscaped courtyard over top of double volume retail space.

Urban Exchange
Western views along Water Street, looking out towards Rosetta Stone.