Gumenick Properties is moving to new Richmond headquarters

Published January 15, 2015 by Paula C. Squires

Gumenick Properties will move its headquarters this week to Libbie Mill-Midtown, a new 80-acre, mixed-use community under development by the company. Gumenick plans to begin operations at the new location on Monday, Jan. 19.

Libbie Mill-Midtown is located between West Broad Street and Staples Mill Road near Libbie Avenue.

According to Gumenick, the move marks two milestones. It is the first time in nearly 70 years of operation that the company has owned its own offices. In addition, the company is the second firm to operate from office spaces at Libbie Mill-Midtown.  The first group to open an office there was the Richmond Memorial Health Foundation, a regional, private health foundation that moved in last fall.

Gumenick Properties will occupy about 15,000 square feet of space on the second floor of the same two-story, mixed-use retail and office building. The structure is located near one of the community’s entrances on Staples Mill Road. Gumenick Properties’ new Richmond address is 4901 Libbie Mill East Blvd., Suite 200.

“Our new location puts us in the heart of the Midtown District, the most dynamic area in Central Virginia,” Wayne Chasen, Gumenick Properties’ president, said in a statement.

When complete, Libbie Mill–Midtown is projected to have 994 homes and 1,096 apartments. The community also will have a total of about 160,000 square feet of retail space. Development of the neighborhood is estimated to take about 10 years.

Southern Season, based in Chapel Hill, N.C., was the first retail tenant at Libbie Mill-Midtown. It opened a 53,000-square foot gourmet food store last summer.
Currently, construction is underway on the Libbie Mill–Midtown Library, which will replace the county’s existing Dumbarton Library. The new three-story library will be located next to a two-acre lake, creating a gathering place surrounded by residences and shops. The library, which will have approximately 60,000 square feet of floor space, is slated to open in November 2015. Gumenick Properties donated the land for the library.

CBRE|Richmond represents Gumenick Properties for leasing of retail and office portions of Libbie Mill–Midtown.

Based in Henrico County, Gumenick Properties is a real estate development and management company with 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 in Henrico.