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Construction Begins on First Apartments at Libbie Mill - Midtown

Posted by   admin on    June 16, 2016

LM_Camera01_FINAL2.jpgFive-Story Building Will Have 40,000 Square Feet of Retail Space, 327 Apartments

HENRICO CO., VA. – Gumenick Properties today begins construction of the first apartments at Libbie Mill-Midtown, the largest revitalization project in Henrico’s 400-year history. The 5-story structure of approximately 494,000 sq. ft. will have 327 apartment homes, parking and retail spaces. Completion of the building, including retail space, is expected to take about two years.

“Gumenick Properties is pleased to start construction on the first apartment building at Libbie Mill-Midtown. Our goal is to create a vibrant community where residents can walk to stores, restaurants, offices and the library in just minutes. Building these apartments brings us closer to that goal,” said Skip Nash, Gumenick Properties’ Vice President for Property Management.

The new building, located near the community’s entrance on Staples Mill Road, will have the apartments on four floors over a single floor of approximately 40,000 square feetof retail space.  The building will also enjoy a superb location at the heart of the Libbie Mill-Midtown, placing it within easy walking distance of planned restaurants, stores and the community’s lake plaza area.  The apartments, ranging in size from 450 sq. ft. to 1,265 sq. ft., will include a mix of studio, one-, two- and three-bedroom homes, all with private balconies or terraces. Community amenities will include a number of social gathering spaces, a community center, a fitness center, office/meeting space and a kitchen and bar for entertaining. Market conditions will determine apartment rates at the time they become available for leasing.

The building will have a unique design for parking and outdoor amenities. Covered parking will be provided in the building’s core. Atop this, Gumenick Properties will place the apartment community’s recreation and socialization area.  This large outdoor area, almost one acre in size, will feature a swimming pool with sundecks as well as amenity spaces with multiple outdoor dining/grilling areas, flexible entertaining spaces and exercise areas.

Whiting Turner is the general contractor for this project. Thalhimer-Cushman & Wakefield is handling the leasing of the retail space. Organizations interested in leasing space should contact: Pamela Strieffler, (804) 697 3481, pam.strieffler@thalhimer.com; or Allyson Wiggins, (804) 344 7192, allyson.wiggins@thalhimer.com. Learn more at www.thalhimer.com/properties/libbie-mill-midtown.

Libbie Mill-Midtown will be unique, existing as both a thriving local community and a regional destination. Its Midtown location is convenient to Richmond, western Henrico County and major roadways, including I-64 and I-95. A walkable live-work-play community, Libbie Mill – Midtown is approved for up to 994 homes for sale and 1,096 apartments. Libbie Mill-Midtown also will have a total of approximately 200,000 square feet of commercial space. The neighborhood is estimated to take approximately 10 years to complete.

In line with its mixed-use nature, Libbie Mill-Midtown rapidly is becoming a premier location for a growing list of organizations that have decided to locate there. These groups include: Rutherfoord, a Marsh & McLennan Agency, LLC company; Richmond Memorial Health Foundation; Libbie Mill Library; Shagbark Restaurant; and Gumenick Properties.


 

Based in Henrico County, Gumenick Properties is an award-winning real estate development and management company with operations throughout the Southeast. Founded in the late 1940s, the company engages in two primary lines of business – apartment and commercial space development and community operations, and homebuilding. The company owns and operates investment properties in Florida and Virginia. In addition, the company currently is engaged in the creation of two new-home communities, Grayson Hill and Monument Square. Both are in Henrico County. Learn more about Gumenick Properties and Libbie Mill-Midtown at www.gumenick.com  and www.libbiemill.com