‘We are continuing to sign leases’

A Chesterfield shopping center is ready to bulk up.

The next phase of Hancock Village, located at Hull Street Road and Winterpock Road, is slated to begin construction in March and will include a Dick’s Sporting Goods, 5 Below, Ulta Beauty and Bed Bath & Beyond.

“Those are the only ones I can really say for phase two,” said Ellen Long of Taylor Long Properties, which is leasing up the center.

Long said her firm is working to secure leases for five additional sites that will cover approximately 160,000 square feet.

The center, which opened in 2009, is anchored by a Wal-Mart and has two freestanding retail building with eight shop spaces each, which are now fully leased, Long said.

Retail vacancy in the Swift Creek area was at 8.9 percent last quarter, slightly higher than it was a year ago at 7.5 percent, according to reports from Thalhimer.

Along with the new big box stores, Long said construction will start on a third retail building, adding 10,000 square feet of small shop space. Long said it has one tenant signed on already: Crazy Greek restaurant will open a 3,500-square-foot restaurant there.

“We’ve been able to lease up all the small shops in a market where not too many leases have been signed. We are continuing to sign leases and start on that third shop building, which we believe will be fully leased by the time it is built,” Long said.

“For those retailers expanding into the Hull Street corridor, there is nowhere else to go.”

Crazy Greek also leased a space previously occupied by Shackleford’s Restaurant at Courthouse Place, located near Midlothian Turnpike and Courthouse Road, Long said.

Hancock Village is owned and developed by Midlothian-based EDCO LLC. South Carolina-based Atlantic Realty Investments is development partner.

EDC Construction is the general contractor for the center.

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Morgan Porter
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Hopefully they also plan on adding 10 lanes to Hull Street out there. That area is already a disaster to drive through.

Kevin
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Kevin

I’m looking forward to it. As a Woodlake resident, I’m sick of having to drive to Short Pump or Midlothian for anything other than groceries and hardware. As for traffic, it actually has moved quite smoothly since the last expansion of Hull St. I drive Hull St both rush hours, and don’t usually run into issues other than minor slow downs which any heavy residential area will have. Chesterfield has lagged behind the west end for years in shopping, dining, etc. Its about time we started catching up.

Jeff Weisman
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Jeff Weisman

Great…………………………Now the rest of hull street will become vacant———-here comes the crime!

Kevin Anderson
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Kevin Anderson

The article says there was an 8.9% vacancy rate in the area, then immediately offers up a quote saying there is nowhere else to go. Am I missing something here?

Gdawg
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Gdawg

Yeah, you are. The vacancy lies primarily in the small shop space. There are not many existing opportunities to accommodate the larger big box users in the submarket. Thus, if they want to enter the market, they need a new building.

Doug Atkins
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Doug Atkins

Like the project and its long term plan. Good far Western Chesterfield retail destination. Needs more golf oriented retail :). Several new car dealerships are slated for that area as well so traffic will increase. Hopefully that will be the catalyst necessary to get Powhite extended along with the widening of Otterdale and Woolridge Roads. The area is growing well and looks poised to continue to do so for a while.