Posted by admin on April 10, 2020
Retail in the Gumenick community continues to grow with addition of Starbucks Coffee
HENRICO CO., VA., April 10, 2020 – Henrico-based Gumenick Properties is pleased to announce that Starbucks Corporation, has leased approximately 2,490 square feet in the Corner Shops building located at 2363 Roux Street, adding to the growing list of retail services moving to Libbie Mill – Midtown. Peter Vick and Harrison Hall of Colliers International, represented Gumenick Properties and Nicki Jassy and Pete Waldbauer represented Starbucks.
This new Libbie Mill-Midtown location represents the continued expansion of the Starbuck’s footprint in the Richmond Region. The store will include an outdoor patio dining area as well as a drive through lane in the new Corner Shops. Construction is underway on The Corner Shops building, with an estimated completion date of August 2020. Starbucks plans to complete its work and open for business quickly after the completion of the building. The Corner Shops comprises approximately 12,700 square feet of retail space. The remaining space in the Corner Shops is divisible into as many as five additional retail spaces. Gumenick has begun preliminary discussions with other retailers regarding these additional retail spaces, but as of the time of publication there are no lease agreements in place.
“We are excited to welcome Starbucks as our newest commercial tenant to Libbie Mil-Midtown. This addition supports our Live, Work, Learn, Play philosophy at the community,” states Skip Nash, Gumenick Properties’ vice president of property management. “The fast-casual offerings of Starbucks complement our other retail tenants and will bring a much-desired retailer and community amenity for our homeowners, apartment residents and office tenants.”
In addition to Starbucks, progress continues at Libbie Mill – Midtown with the opening of Lumber Liquidators office headquarters in January 2020. Penstock Quarter Apartments has achieved stabilized occupancy of the 327 apartment homes. Construction is underway on Wellsmith Apartments, which will bring another 349 apartment units to the community in Fall 2021. Demand remains strong for sales of new townhomes and condominiums and over 100 homes are now occupied. Construction of the community clubhouse for The Neighborhood is scheduled for completion in May 2020. Retail leasing has also picked up in early 2020 with the lease of 3,400 square feet to Capital Eye Care, a specialty eyewear shop and ophthalmologist. Gumenick Properties also continues to field interest from the commercial office market and has plans to build Harp’s Landing, an office building of up to 142,000 square feet.
About Libbie Mill - Midtown
In 2014, Gumenick Properties broke ground on Libbie Mill-Midtown, a mixed-use, walkable community located at Staples Mill Road, Libbie Avenue and Interstate 64 in Henrico County. This 80-acre, in-fill development is the largest revitalization project in Henrico County’s 400-year history. The community features a walk/bike nature trail, a lake and pier, a pavilion, townhomes, condominiums, apartment residences, shops, restaurants, and a state-of-the-art public library.
Learn more about Libbie Mill-Midtown.
Media contact: JR.Hipple@SIRhq.com, 804-342-1788