Nonprofit’s retail arm adds second Richmond location

habitat restore

The first local ReStore location at 1901 Roane St. in the Northside.(Mike Platania)

Chesterfield Towne Center is about to get another new neighbor.

Richmond Metropolitan Habitat for Humanity plans to open a new location of its ReStore brand of shops at 1201 Mall Drive.

The nonprofit is under contract to purchase the 1.8-acre property, which sits across from the mall’s J.C. Penny and adjacent to a Lidl grocery store at 1301 Mall Drive, which opened in late July.

ReStore shops accept donations of, and sells, used building supplies, home decor, furniture and appliances and is used by Habitat chapters nationwide.

The Mall Drive shop will join the other local ReStore location at 1901 Roane St. in the city’s Northside.

The deal is set to close Sept. 27. The pending purchase price was not disclosed.

Richmond Habitat spokeswoman Kristin Vinagro said the organization received in-house help in scouting for a second location.

“We’re part of Habitat for Humanity International and they give us resources. They did a market analysis for us, where they looked at income demographics in our area,” she said.

Habitat bought the 1.8-acre property at 1201 Mall Drive. (Mike Platania)

Habitat bought the 1.8-acre property at 1201 Mall Drive. (Mike Platania)

Zach Means of Divaris serves on Richmond Habitat’s board and represented Habitat pro-bono, Vinagro said. Connie Jordan Nielsen, Reilly Marchant and Rob Wright of Cushman & Wakefield | Thalhimer are representing the seller, Obdia LLC.

AAA Richmond Southside is the lone tenant of the building and will remain after Habitat’s purchase. Of the building’s 20,000 square feet, ReStore will occupy roughly 17,500, with AAA in the remaining space.

Architect John White of 510 Architects is designing the new outpost and Evans Construction is handling interior construction, which is planned to begin this winter. Habitat hopes to open the shop in spring 2018.

The nonprofit’s budget for the 2018 fiscal year is $4.65 million, Vinagro said, up from $3.5 million last year.

“ReStore accounts for about a quarter of annual income, so (the new shop) will really increase our revenue,” Vinagro said.

The local Habitat chapter has 32 staff and nearly 3,000 volunteers. It was founded in 1987 – 11 years after the larger Habitat for Humanity organization began.

habitat restore

The first local ReStore location at 1901 Roane St. in the Northside.(Mike Platania)

Chesterfield Towne Center is about to get another new neighbor.

Richmond Metropolitan Habitat for Humanity plans to open a new location of its ReStore brand of shops at 1201 Mall Drive.

The nonprofit is under contract to purchase the 1.8-acre property, which sits across from the mall’s J.C. Penny and adjacent to a Lidl grocery store at 1301 Mall Drive, which opened in late July.

ReStore shops accept donations of, and sells, used building supplies, home decor, furniture and appliances and is used by Habitat chapters nationwide.

The Mall Drive shop will join the other local ReStore location at 1901 Roane St. in the city’s Northside.

The deal is set to close Sept. 27. The pending purchase price was not disclosed.

Richmond Habitat spokeswoman Kristin Vinagro said the organization received in-house help in scouting for a second location.

“We’re part of Habitat for Humanity International and they give us resources. They did a market analysis for us, where they looked at income demographics in our area,” she said.

Habitat bought the 1.8-acre property at 1201 Mall Drive. (Mike Platania)

Habitat bought the 1.8-acre property at 1201 Mall Drive. (Mike Platania)

Zach Means of Divaris serves on Richmond Habitat’s board and represented Habitat pro-bono, Vinagro said. Connie Jordan Nielsen, Reilly Marchant and Rob Wright of Cushman & Wakefield | Thalhimer are representing the seller, Obdia LLC.

AAA Richmond Southside is the lone tenant of the building and will remain after Habitat’s purchase. Of the building’s 20,000 square feet, ReStore will occupy roughly 17,500, with AAA in the remaining space.

Architect John White of 510 Architects is designing the new outpost and Evans Construction is handling interior construction, which is planned to begin this winter. Habitat hopes to open the shop in spring 2018.

The nonprofit’s budget for the 2018 fiscal year is $4.65 million, Vinagro said, up from $3.5 million last year.

“ReStore accounts for about a quarter of annual income, so (the new shop) will really increase our revenue,” Vinagro said.

The local Habitat chapter has 32 staff and nearly 3,000 volunteers. It was founded in 1987 – 11 years after the larger Habitat for Humanity organization began.

This story is for our paid subscribers only. Please become one of the thousands of BizSense Pro readers today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Nonprofits, Retail

Editor's Picks

Subscribe
Notify of
guest

0 Comments
oldest
newest most voted
Inline Feedbacks
View all comments