Our Story

Markel|Eagle is uniquely positioned to leverage the 40 years expertise of a fully-integrated real estate construction and development company coupled with the financial strength of a Fortune 500 company. Since 2009, Markel|Eagle has invested capital for its clients in over 35 developments with some of them highlighted below.

2009: West Broad Village – Distressed Mixed-Use Community

Designed as an urban mixed-use community, the 2008 recession brought West Broad Village to a standstill. In 2009, Markel|Eagle took control of the 115-acre property, providing the capital necessary to get the project moving while addressing the legal and financial problems facing the development and its stakeholders. By 2014, Markel|Eagle had managed the successful completion of the 545 residential for-sale townhomes and the remaining commercial development.

Today, West Broad Village stands as a thriving example of residential and commercial success, residents enjoy a wealth of amenities, and noted national & regional chains such as Whole Foods Market, HomeGoods, ACAC Fitness & Wellness Center, Golf Galaxy and Recreational Equipment Inc. (REI).

2011: Deep Run III – Suburban Office Building Redevelopment

In 2011, Markel|Eagle acquired the then vacant Deep Run III office building, previously home to former Fortune 500 company, Circuit City. Markel|Eagle renovated and redeveloped the office building into the premier Class A office building in the Innsbrook submarket. Renovations completed include adding an 800-space parking garage, full-service cafeteria, fully redundant generators, elevators, conference room facilities, fitness center, and a fully renovated lobby. The completed renovation allowed Markel|Eagle to fully lease the 330,000 square foot building in 2 years, attracting two leading Fortune 500 companies, Travelers Insurance and McKesson Medical-Surgical.

2012: GreenGate – Mixed-Use Community Development

By late 2012 the opportunities afforded by the distressed market during the recession had begun to dwindle, and Markel|Eagle began to shift strategies to take advantage of the execution capabilities of its platform. In December 2012, Markel|Eagle acquired 75 acres of farmland in Richmond’s growing Short Pump submarket. Markel|Eagle guided the project through the mixed-use entitlement process and set about creating an entirely new kind of community. Building upon lessons learned from its mixed-use experience at West Broad Village, GreenGate would redefine the typical Short Pump mixed-use development with its carefully curated blend of 270+ urban-style residential townhomes, 95,000 SF of grocery anchored retail, local restaurants, retail shops and a 45,000 SF medical office space.

2016: Readers Branch – Age-Targeted Residential Community

Nearly a decade after the Great Recession began, the distressed market it had created was gone and Markel|Eagle refocused on for-sale residential developments in markets and localities where Eagle Construction had been building for decades. In 2016 Markel|Eagle acquired 165 acres for what would become Readers Branch, a 300-home age-targeted residential community in Goochland County. An active adult community offering an array of natural, environmental, and planned amenities, Readers Branch would become a blueprint for future age-targeted and age-restricted communities.

2019: Lauradell – Residential Community

The success of Readers Branch and other similar developments served as inspiration and catalyst for the 2019 acquisition of the land which would become Lauradell. The community planning would strategically adapt the Readers Branch approach to reflect the demographic needs of Ashland, a geographic submarket of Richmond, Virginia, that did not have a master-planned active adult community.