The site of a recently demolished gas station near the front of Innsbrook is being redeveloped into a new retail strip that’s already landed a full slate of tenants.
Burlington, North Carolina-based Belleau Wood Development started construction on a 12,300-square-foot retail property at 4101 Dominion Blvd., on the corner of West Broad Street.
Belleau Wood’s Ed Tam confirmed the company is behind the project, its first in metro Richmond. He said it purchased the 2.46-acre site last summer for nearly $3 million and demolition and construction began late last year.
Dubbed the Dominion Shoppes, the center is fully leased with a mix of regional and national tenants, including Noodles & Company, Starbucks and American Family Care.
Blaze Pizza, a fast-casual, build-your-own pizza restaurant, also is set to open its second metro Richmond location in Dominion Shoppes. The California-based chain opened the area’s first location at 12701 Stone Village Way in Midlothian near Wegman’s.
“The Innsbrook area is a great place to be right now,” Tam said. “We’re right along Broad Street and at an intersection where we have great visibility…we think the shopping center is going to perform very, very well.”
Dominion Shoppes will be ready for tenants in the third quarter of 2017, Tam said.
Connie Jordan Nielsen and Alicia Farrell, brokers with Richmond-based Cushman & Wakefield | Thalhimer, represented Belleau Wood in its purchase of the property and handled leasing prior to construction.
With financing from Bank of North Carolina, Tam said his firm is investing about $6 million in the project.
Galax-based Candor Construction is the general contractor, while Richmond-based Timmons Group completed the engineering and design.
While not specifying areas, Tam said his company is looking at other projects in metro Richmond, adding that the region’s affordability and growing job base make the area attractive for investment.