Posted by admin on May 21, 2018
The opportunity to rent in RVA’s newest, innovative community starts soon
HENRICO CO., VA., May 14, 2018 – The continuing growth of the RVA region is fueling demand for apartment living just as Penstock Quarter at Libbie Mill-Midtown plans to open. Libbie Mill-Midtown developer Gumenick Properties is putting the finishing touches on the five-story, 327 apartment community, with pre-leasing scheduled to begin in July and occupancy beginning this November.
“Potential residents have been asking us for months when they can move in,” says Skip Nash, Gumenick’s vice president of property management. “We anticipated there would be strong demand for new construction, high-end apartments in the Midtown area, and we are pleased by the constant inquiries and enthusiasm for Penstock Quarter.”
Nash attributes that interest to the distinguishing elements of the community and the development as a whole:
Libbie Mill – Midtown is designed to be unlike any community in Central Virginia, exemplifying the best practices in new urban development. Gumenick Properties has created a 15-minute livable community that is the new anchor to the growing Midtown area. Located midway between downtown and the far western suburbs, Libbie Mill – Midtown residents and businesses are 15 minutes from all of RVA’s major job centers, retail areas, schools, and dining and entertainment.
Penstock Quarter is the next phase of residential living options at Libbie Mill – Midtown, following the continued sales of townhomes and condominiums. Ultimately, the community will be home to 1,300 residents, making it the largest revitalization project in the 400-year history of Henrico County. In addition, plans are underway for it to be one of the region’s largest employment and office centers with up to 1,000,000 square feet of leasable commercial and office space.
For more information and to sign up for pre-leasing information, visit www.penstockquarter.com.
About Gumenick Properties
Based in Henrico County, Gumenick Properties is an award-winning real estate development and management company that owns and operates investment properties in Florida and Virginia. Founded in the late 1940s, the company engages in two primary lines of business – apartment and commercial space development and community operations, and homebuilding. Learn more about Gumenick Properties and Libbie Mill-Midtown at https://gumenick.com and https://www.libbiemill.com.