With deals inked for two anchor tenants, the developers of Reynolds Crossing are moving forward with a new medical office building – one of two final projects that will cap off the 90-acre mixed-use complex.
Virginia Eye Institute and Dermatology Associates of Virginia have signed on for the two-story, 49,200-square-foot building.
Virginia Eye Institute will take the entire first floor of the eventual building – 23,443 square feet – while Dermatology Associates will occupy 13,372 square feet on the second floor.
The building is set to rise on a roughly 5-acre parcel next to the Shoppes at Reynolds Crossing retail center.
Sarge Reynolds, principal at Reynolds Development Group, said the medical office project will cost $11 million to $12 million, with construction slated to begin sometime in April.
“We hope to have it completed sometime around the spring of 2018 with it ready for occupancy by July 2018,” Reynolds said.
Richmond-based Taylor & Parrish Construction has been tapped as the general contractor. Wendell Evolve Architects is designing it. RKK Engineering is the civil engineer.
Brokers Bill Reynolds and Trib Sutton of CBRE | Richmond are handling leasing.
Sutton said there is about 9,600 square feet remaining for lease.
“Medical office space is doing well in this area,” Sutton said. “It’s so close to Henrico Doctors’ Hospital and St. Mary’s (Hospital)…and it’s got great access and visibility to the Glenside interchange along I-64.”
Reynolds Crossing already is home to four office buildings, with tenants such as Bon Secours, Virginia Urology, First Tennessee Bank, Virginia Physicians, Virginia Cancer Institute and Altria.