Carter Snipes with Snipes Properties and the Hofheimer Event Venue

Carter Snipes with Snipes Properties and the Hofheimer Event Venue

Title: Owner of Snipes Properties, a Richmond-based residential and commercial real estate company and developer. Snipes Properties developed the Hofheimer Event Venue building on West Broad Street in Scott’s Addition as an event space with a rooftop bar and a Peter Chang restaurant.

Born: 1976 in Richmond

Education: Virginia Commonwealth University, mass communications, 2000

Career: Real estate developer, Snipes Properties, 2005-present; Hofheimer Event Venue, 2016-present.

What part of the metro area do you live?: Museum District

Best business decision: “Buying property and opening a business in Scott’s Addition right before it took off.”

Worst business decision: “Not realizing Scott’s Addition was going to take off so fast and not buying more property in the neighborhood.”

Mistake you learned the most from: “Not following my gut. Listening to naysayers.”

What is the biggest challenge/opportunity in the next two to five years: “Deciding how to anticipate and respond to the next possible cyclical downturn in the economy.”

First job after college: Marketing manager at The History Channel in New York City

If you had to do it all over again, what would you do differently: “Only thing I would have done different is invest in Richmond sooner.”

Poem that inspired you the most, and why?: “The Road Not Taken” by Robert Frost. “As cliche as it sounds, taking the path least traveled has literally been the thing that determined most of my success in business. People thought I was crazy to get into property management when the 2008 recession hit. I sold that company six years later and reinvested the profit into The Hofheimer Building in Scott’s Addition and developed The Meridian Townhouse project in the Museum District. No one would have believed someone could open an event venue and rooftop bar next to 7-Eleven at Broad and Boulevard five years ago. I purposely chose not do apartments or the same old kind of projects other developers do and, as the poem says, that made all the difference.”

Favorite/least favorite subject in school: Favorite: history. Least favorite: Math. “But now I can calculate 6 percent of any number very quickly.”

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