Local couple continues to revive boarded-up section along Hull Street

Posted at 9:02 AM, Aug 15, 2016
and last updated 2016-08-15 09:02:16-04

RICHMOND, Va. — With 10 properties purchased along the Manchester stretch of Hull Street since 2015, Michael Hild and Laura Dyer Hild aren’t slowing down in their bid to stake a claim in the early stages of the neighborhood’s transformation.

The local husband and wife team, through their Church Hill Ventures LLC, is under contract to acquire an old commercial building at 1128 Hull St. for $525,000.

That follows their $365,000 purchase this month of a 10,700-square-foot building at 1204 Hull St., a property they plan to renovate into 1,500 square feet of ground floor commercial space and apartments with the help of state and federal historic tax credits.

The deals are part of the Hilds’ bigger goal of making the drag a bustling commercial district by reviving boarded up, rundown buildings and vacant lots centered around Hull and West 12th streets.

“We’re almost 2 to 3 years in on this endeavor,” Michael Hild said, adding many of the properties had title issues that had to be worked out. “It’s taken an enormous amount of time to research the properties.”

Michael Hild is also CEO at Live Well Financial, a hedge fund and mortgage finance company he launched in 2005, and co-owner with his wife of Anderson’s Neck Oyster Co. Laura Hild is also director of Mid-Atlantic healthcare interiors at HKS, an architecture firm with a regional office on East Cary Street.

Their purchase of 1204 Hull St. brought their total acquisition costs in the neighborhood to $2.06 million since 2015. They’ve paid cash for all the properties thus far and Hild said the success of Live Well is driving the couple’s investment in Manchester.

“We hope that trend continues,” he said. “Knock on wood.”

Continue reading on 

The CBS 6 Problem Solvers are Working For You.

Contact the CBS 6 Problem Solvers

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.