Construction begins on first apartments at Libbie Mill
Gumenick Properties begins construction today on the first apartments at Libbie Mill-Midtown in Henrico County. A five-story structure of about 494,000 square feet will have 327 apartments, parking and retail space.
Completion of the building, including 40,000 square feet of retail, is expected to take about two years.
“Gumenick Properties is pleased to start construction on the first apartment building at Libbie Mill-Midtown,” Skip Nash, Gumenick Properties’ vice president for property management, said in a statement.”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,”
The new building, located near the community’s entrance on Staples Mill Road, will include four floors of apartments above a single floor of retail space. The apartments will range in size from 450 to 1,265 square feet and will include a mix of studio, one-, two- and three-bedroom homes with private balconies or terraces.
Community amenities will include social gathering spaces, a community center, 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 company said.
Gumenick Properties said it would place the community’s recreation and socialization area over a covered parking. The large outdoor area, nearly one acre in size, will include a pool, dining/grilling areas, entertaining spaces and exercise areas.
Whiting Turner is the general contractor for the project. Thalhimer-Cushman & Wakefield is handling leasing for the retail space.
Libbie Mill-Midtown, located close to Interstates 64 and 95, is approved for up to 994 homes (townhomes and condominiums) and 1,096 apartments. It plans a total of 200,000 square feet of commercial space. Gumenick Properties said the mixed-use neighborhood is estimated to take about 10 years to complete.
Already located at the project are Rutherfoord, a Marsh & McLennan Agency LLC Company, Richmond Memorial Health Foundation, Libbie Mill Library, Shagbark Restaurant and Gumenick Properties.