Transforming Communities

We meet challenging conditions head on.


Since our inception in 2002, Fountainhead has been active in developing residential, retail, commercial warehouse, restaurant, office, studio + exhibition, and healthcare spaces in Richmond, Petersburg and Charlottesville, Virginia by way of adaptive reuse and new construction. Fountainhead currently has over 5 million square feet of real estate in the acquisition, development, construction or leasing stages.

With a drive for urban revitalization, a commitment to historic and environmental values, and the use of creative financial strategies, we develop award-winning projects that emphasize the value of expanding communities, not just structures.


Meet the Team


Tom Papa


In collaboration with investment partners, established architects, local builders and city government, Tom Papa has recreated Richmond’s built environment over the last two decades. As a hands-on developer, he targets unique sites, which often require alternative design and zoning processes, adding value to the streetscape and skyline. His eye for selecting overlooked properties, his knowledge in utilizing tax credit financing, and his experience in building relationships with stakeholders have produced over 20 successful projects in historic neighborhoods and along the riverfront. 

Before forming Fountainhead, Tom earned a J.D. from Quinnipiac University School of Law and co-founded the law firm Chaplin, Papa & Gonet, acting as managing partner for more than two decades. 

Today, Tom is an active proponent of the local creative community supporting Virginia Commonwealth University’s nationally ranked arts school with his Fountainhead Fellowship Program.  


Loan Nguyen

Financial Officer

Loan oversees the financials on all of Fountainhead’s active projects in Central Virginia, ensuring payables are paid and receivables received. Prior to joining us, she served as an accountant at the Virginia Department of Health and local accounting firms. She is pursuing her CPA.


Scott Godhardt

Director of Asset Management

Scott joined Fountainhead after graduating from Virginia State University with a degree in accounting and finance. He oversees financing needs on our development projects, coordinates services, and manages vendors at established Fountainhead properties.


Tracey Coats

Chief Financial Officer

Tracey is a licensed CPA in Virginia and joined Fountainhead after nearly two decades in public accounting. She later served as in-house CFO at CWD Kids, one of the nation’s largest online and catalog children’s clothing retailers. She is a cum laude graduate of VCU.


Golden Hammer Award, four-time recipient

Historic Richmond + Storefront for Community Design | Honoring excellence in neighborhood revitalization projects throughout Greater Richmond

Top Muse Award

Virginia Museum of Fine Arts | Honoring companies that demonstrate the most outstanding creative approach to their products and services