UrbanCore Construction

What UrbanCore Construction does

UrbanCore Construction is a Richmond, Virginia-based general contractor founded in 2005 that delivers preconstruction, general contracting, and predesign assistance services through two structured divisions: Multifamily (affordable housing and LIHTC-funded developments as well as market-rate multifamily) and Special Projects (commercial work covering office, hospitality, retail, banking, higher education, and adaptive reuse). The firm targets developers, nonprofits, municipalities, and financing partners via a consultative, relationship-based sales motion, with notable clients including Better Housing Coalition, People Inc., Capital Square 1031, Virginia Credit Union, Fulton Bank, Burke & Herbert Bank, and Randolph-Macon College.

The company operates no technology product or software platform; its core deliverable is construction services executed through direct project delivery supported by a network of licensed and insured trade partners concentrated in the Richmond and Central Virginia region. Revenue is generated through professional services fees on a project-specific, quote-based pricing model rather than standardized rates. To date, UrbanCore has developed over 2 million square feet, completed more than 880 affordable housing units, and served over 200 businesses, with project activity spanning Chesterfield, Henrico, Suffolk, Culpeper, Charlottesville, and Ashland.

Competitive positioning centers on a people-first culture, deep LIHTC and adaptive-reuse specialization, and a regional trade partner network. The firm has accumulated 12 industry awards between 2016 and 2025 from GRACRE, Golden Hammer, ABC Virginia, HBAV Housing Excellence, and the Metropolitan Business League. Leadership consists of principals Andy Beach and Jeff Bunch, supported by directors of operations and preconstruction across both divisions, a CFO, Chief of Staff, and Director of Field Operations. The company is privately held, founder/management-owned, with no disclosed external institutional investment, funding rounds, or M&A activity.

Name

UrbanCore Construction

Legal name

UrbanCore Construction

Website

https://urbancoreva.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

UrbanCore Construction is a Richmond, Virginia-based general contractor founded in 2005 delivering preconstruction, general contracting, and adaptive-reuse services across affordable housing (LIHTC), market-rate multifamily, and commercial sectors including banking, hospitality, and higher education throughout Central Virginia.

Ownership category

akta.pro rank

Product category

General Contracting / Commercial Construction Services

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Retail & Mixed-Use Commercial Construction (IMAFACAB)

Keywords

• General contracting services
• Affordable housing construction
• Multifamily development
• LIHTC housing construction
• Commercial construction services

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. General Contracting Services: Revenue generated through general contracting and construction management fees on development projects. Services include preconstruction, general contracting, and predesign assistance across multifamily, commercial, hospitality, banking, office, retail, and higher education sectors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

UrbanCore Construction is a general contractor providing preconstruction, general contracting, and predesign assistance services across two divisions: Multifamily (LIHTC-funded affordable housing and market-rate multifamily communities) and Special Projects (new construction, tenant upfits, adaptive reuse, and specialty improvements for office, hospitality, banking, retail, and higher education clients) in the Richmond and Central Virginia market.

Product overview

UrbanCore Construction is a people-first construction company that offers a unified suite of construction services rather than a modular software platform. The core offerings include Preconstruction, General Contracting, and Predesign Assistance, which work together across the project lifecycle. The company operates two main service divisions: Special Projects (new construction, tenant upfits, adaptive reuse for office, hospitality, banking, and retail) and Multifamily (affordable housing and market-rate multifamily developments). Projects span affordable housing (LIHTC 9% and 4%), market-rate multifamily, senior living, office, hospitality, banking, retail, and higher education sectors. The company does not offer a technology product or software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Preconstruction Planning and preconstruction services that include project scoping, budgeting, scheduling, and feasibility analysis to set projects up for success before construction begins; offered to developers, nonprofits, municipalities, and commercial owners.
• General Contracting Full-service general contracting and construction management for multifamily, affordable housing, commercial, and special projects, managing the entire construction process from start to finish.
• Predesign Assistance Early-stage consulting and predesign assistance to help clients define project requirements, evaluate sites, and develop conceptual plans before design begins.
• Multifamily Construction Construction services for affordable housing and LIHTC-funded developments as well as market-rate multifamily communities; works with developers, nonprofits, municipalities, and financing partners to navigate layered funding, compliance, and complex schedules.
• Special Projects New construction, creative tenant upfits, adaptive reuse, and specialty improvements for offices, hospitality, retail spaces, banking branches, coworking spaces, restaurants, fitness studios, and miscellaneous commercial projects.
• Banking Branch Construction Construction and renovation of banking branch facilities including new builds and tenant upfits for credit unions and banks (e.g., Virginia Credit Union, Fulton Bank, Burke & Herbert Bank).
• Office Construction Office building construction, tenant improvements, and coworking space buildouts for various commercial clients (e.g., Amwins, Apogem Capital, Koalafi, Gather Workspaces, Venture X).
• Hospitality Construction Construction of restaurants, breweries, market halls, and other hospitality venues including adaptive reuse of historic and non-conforming buildings (e.g., Hardywood Park Craft Brewery, The Veil Brewing Co., Bingo Beer Co., Ukrop's Market Hall).
• Higher Education Construction Construction and renovation services for colleges and universities including athletic facilities, student centers, and campus buildings (e.g., Randolph-Macon College softball field and Crenshaw Gymnasium; University of Richmond The Cave).
• Affordable Housing Construction LIHTC-funded affordable housing developments including 9% and 4% tax credit projects for income-eligible residents, delivered for nonprofits, municipalities, and developers in Central Virginia.
• Market-Rate Multifamily Construction Market-rate multifamily residential developments including mixed-use properties with ground-floor retail, delivered for private developers and capital partners.
• Senior Living Construction Senior housing communities including affordable senior housing (e.g., Market Square, Watermark Gardens) and market-rate senior living facilities for 55+ residents.

Named customers20 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

38 partnerships are on record, tiered project-level, strategic and key account.

• Mark-Dana Corporationproject-levelStrategic or Co-development PartnerProject partner on Ashlake Trails and Crossing development. Mark-Dana Corporation is listed as a team member on the 134-unit affordable multifamily community project.
• Winks-Snowa Architectsproject-levelStrategic or Co-development PartnerArchitectural design partner on Ashlake Trails and Crossing affordable housing development in Chesterfield County.
• Capital Square 1031project-levelStrategic or Co-development PartnerDevelopment partner on GEM at Scott's Collection, a 71-unit mixed-use multifamily development at 3001 W. Leigh Street in Richmond's Scott's Addition.
• 510 Architectsproject-levelStrategic or Co-development PartnerArchitectural design partner on GEM at Scott's Collection project.
• Better Housing CoalitionstrategicStrategic or Co-development PartnerDevelopment partner on Market Square, a 60-unit affordable senior housing community at 7300 Taw Street in North Chesterfield. Multiple project collaboration.
• Surber Developmentproject-levelStrategic or Co-development PartnerDevelopment partner on Bickerstaff Crossing, a 60-unit affordable housing community at 1401 Bickerstaff Road in Henrico County.
• Martin Riley Associatesproject-levelStrategic or Co-development PartnerArchitectural/engineering partner on Bickerstaff Crossing affordable housing project.
• Consolidated Design Groupproject-levelStrategic or Co-development PartnerDesign partner on Watermark Gardens, an 80-unit affordable senior housing community on Hendry Avenue in North Chesterfield.
• Arnold Design Studioproject-levelStrategic or Co-development PartnerDesign partner on Winchester Forest, a two-phase 160-unit affordable housing community at 7310 Winchester Forest Boulevard.
• Baskervillproject-levelStrategic or Co-development PartnerArchitectural partner on The Planet Apartments, a 67-unit affordable housing community in Richmond's historic Jackson Ward neighborhood.
• Enterprise Community DevelopmentstrategicStrategic or Co-development PartnerDevelopment partner on Highland Terrace, a 66-unit affordable housing community at 1224 E. Brookland Park Boulevard.
• Torti Gallas + Partnersproject-levelStrategic or Co-development PartnerArchitectural partner on Highland Terrace affordable housing project in Highland Park neighborhood.
• Property Resultsproject-levelStrategic or Co-development PartnerDevelopment partner on The Cove, a 65-unit mixed-use multifamily development at 512 Hull Street in Richmond's Manchester neighborhood.
• SMBWproject-levelStrategic or Co-development PartnerArchitectural/creative partner on The Cove project.
• People, Inc.strategicStrategic or Co-development PartnerDevelopment partner on Lightfoot Apartments, a 60-unit affordable housing community in Culpeper.
• Walter Parks Groupproject-levelStrategic or Co-development PartnerDevelopment partner on 2-4 East Broad Street historic renovation project in Richmond's Arts District.
• Marshall Broad Street LLCproject-levelStrategic or Co-development PartnerDevelopment partner on 5 East Marshall adaptive reuse of historic downtown Richmond building.
• PlanRVAproject-levelStrategic or Co-development PartnerClient partner for 8,610 SF office space at 424 Hull Street within The Current in Richmond's Manchester neighborhood.
• W.S. Connellyproject-levelStrategic or Co-development PartnerClient partner for office environment delivery in Henrico's West End business corridor.
• Empower Brandsproject-levelStrategic or Co-development PartnerClient partner for office environment at 2426 Old Brick Road in Glen Allen's Short Pump business corridor.
• Kimberly Pinchbeck Law Officesproject-levelStrategic or Co-development PartnerClient partner for professional office environment at 6922 Forest Hill Avenue, Suite 100.
• Diya Salon Studiosproject-levelStrategic or Co-development PartnerClient partner for salon suite environment at 1100 Winterlake Court, Suite A.
• Virginia Credit Unionkey accountStrategic or Co-development PartnerMultiple branch projects including Charlottesville (400 E. Main Street), Broad Street (27 W. Broad Street), Courthouse Landing (6700 Courthouse Landing Lane), and Church Hill (2420 Fairmount Avenue). Key banking partner for multiple financial institution projects.
• Fulton Bankproject-levelStrategic or Co-development PartnerClient partner for 8215 W. Broad Street branch renovation and repositioning as new Parham & Broad financial center.
• Burke & Herbert Bankproject-levelStrategic or Co-development PartnerClient partner for 2065 Huguenot Road community branch environment in North Chesterfield.
• Amwinsproject-levelStrategic or Co-development PartnerClient partner for office transformation at 3318 W. Broad Street from former Maaco body shop.
• Apogem Capitalproject-levelStrategic or Co-development PartnerClient partner for 9,800 SF office environment at 1408-A Roseneath Road in Scott's Addition.
• Koalafiproject-levelStrategic or Co-development PartnerClient partner for 27,000 SF tenant upfit across three floors at The Current in Manchester neighborhood to support 300+ employees.
• Venture Xproject-levelStrategic or Co-development PartnerClient partner for coworking environment at 1806 Summit Avenue, Suite 300 in Scott's Addition.
• Gather Workspaceskey accountStrategic or Co-development PartnerMultiple coworking projects including Gather Arts District Downtown (313 E. Broad Street, 20,000 SF), Gather West End (4101 Cox Road), and Gather Short Pump (2400 Old Brick Road). Multiple location collaboration.
• Hardywood Park Craft Breweryproject-levelStrategic or Co-development PartnerClient partner for 9,000 SF taproom and beer garden revitalization at 2410 Ownby Lane.
• The Veil Brewing Co.project-levelStrategic or Co-development PartnerClient partner for 8,000 SF hospitality destination at 1509 Belleville Street with beer hall, lounge, event space, and Nokoribo restaurant.
• Bingo Beer Co.project-levelStrategic or Co-development PartnerClient partner for 12,000 SF adaptive reuse of former bingo hall at 2900 W. Broad Street in Scott's Addition.
• Ukrop's Homestyle Foodsproject-levelStrategic or Co-development PartnerClient partner for 6,164 SF market hall adaptive reuse of church at 7250 Patterson Avenue.
• Nate's Bagelsproject-levelStrategic or Co-development PartnerClient partner for retail restaurant space at 1219 Highpoint Avenue in Scott's Addition.
• F45 Trainingproject-levelStrategic or Co-development PartnerClient partner for fitness studio buildout at 41 E. 4th Street in Richmond's Manchester neighborhood.
• Randolph-Macon CollegestrategicStrategic or Co-development PartnerEducation partner for multiple projects including softball field at Carol Estes Park (new entry, press box, 500+ fan seating) and Crenshaw Gymnasium athletic facility renovation.
• University of Richmondproject-levelStrategic or Co-development PartnerEducation partner for The Cave - transformation of former fraternity lodge into flexible student event and gathering space.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• W.M. Jordan Company: Virginia-headquartered regional general contractor with deep multifamily, commercial, and higher-education construction portfolio across the Mid-Atlantic. Direct geographic and service-line overlap with UrbanCore.
• Hourigan Group: Richmond, VA-based construction firm with comparable mid-size regional scale serving multifamily, commercial, healthcare, and education clients. Most direct competitor operating in UrbanCore's home market.
• L.F. Jennings: Mid-Atlantic general contractor headquartered in Falls Church, VA with comparable multifamily residential, commercial, and historic renovation focus. Similar scale and project-type mix to UrbanCore.
• Harkins Builders: Mid-Atlantic (Maryland) general contractor with similar mid-size scale serving multifamily, senior living, commercial, and adaptive reuse markets. Operates on similar relationship-driven general contracting model.

Broad incumbents

• The Whiting-Turner Contracting Company: Large Mid-Atlantic GC serving commercial, multifamily, healthcare, and education with similar customer base. Much larger scale than UrbanCore but overlapping on multifamily and higher education work.
• Gilbane Building Company: National construction and development firm with major Mid-Atlantic presence, including affordable housing and multifamily expertise. Significantly broader portfolio and scale.
• Clark Construction Group: Large national GC with deep Mid-Atlantic presence competing for multifamily, higher education, and commercial work. Much larger-scale incumbent operating in same geographies.
• DPR Construction: National GC with strong Mid-Atlantic commercial and multifamily practice. National incumbent that competes for projects UrbanCore also targets at the upper end of the size spectrum.
• Barton Malow Company: Large national GC with established Mid-Atlantic operations serving commercial, multifamily, and higher-education markets. Similar broad portfolio to UrbanCore but at much greater scale.

Emerging players

• Enterprise Community Development: Nonprofit affordable housing developer that partners with contractors like UrbanCore to deliver LIHTC communities. Customer rather than competitor, but a structurally important counterparty shaping the affordable housing competitive landscape.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/UrbanCoreVA
• LinkedInlinkedin.com/company/urbancore-construction

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UrbanCore Construction