Heavy-equipment site work on an empty parcel in the 2300 block of Staples Mill Road in Henrico County is a beginning step in what promises to be a 10-year, $434 million project.
Developer Gumenick Properties has started removing old water, sewer and gas lines left over from the property’s previous use as an apartment complex and is preparing to install new infrastructure for Libbie Mill, a planned 80-acre, mixed-use development on Staples Mill south of Interstate 64.
The project is slated to have 994 homes, 1,096 apartments and, about 160,000 square feet of office and retail space. Gumenick Properties, now at 6600 W. Broad St. in Henrico, will move its offices to the Libbie Mill project.
Construction is expected to start in the fall for the first announced retail tenant, Southern Season of Chapel Hill, N.C.
The 53,000-square-foot store — offering gourmet food, wine, a bakery, hard-to-find groceries, housewares, cookware, prepared meals, a cooking school and a full-service restaurant — is scheduled to open in mid-2014.
Barry Hofheimer and Robby Brownfield with CBRE|Richmond are handling retail leasing for the project. Hofheimer said Southern Season is still the lone locked-in retail tenant.
“We’re talking with a number of other businesses,” he said, “quicker-service restaurants, high-end restaurants and other retailers.”
Roads on the property are closed to public traffic. New streets will be built after current preparation work.
Henrico plans to build a three-story public library with up to 60,000 square feet of space on land donated by Gumenick Properties near the center of the development. It will sit next to a 2-acre man-made lake.
Founded in the late 1940s, Gumenick Properties is a real estate development and management company with operations throughout the Southeast.