A northeast view of the the new office development at 5701 Patterson Ave. (Courtesy of 510 Architects)
A former gas station site owned by a local dry cleaning family is getting a second life and adding new office space to the Libbie/Patterson corridor.
The Nichols brothers, Jay, Keith and Jeff, who own HandCraft Cleaners, are redeveloping the vacant lot at 5701 Patterson Ave. into a new, two-story modern-design office building.
Jay Nichols said each floor will have around 3,600 square feet for lease. He said he has an unnamed local financial firm interested in relocating to the building’s top floor.
For the first floor, Nichols said he’s eyeing medical office tenants, as opposed to a retailer or restaurant.
“I’ll be real honest with you, I’m not looking to put retail there,” he said. “I would love to see something like a dermatologist or somebody that has some staying power where I don’t have to worry about the leases every two years.”
The 0.3-acre site, which sits next door to a HandCraft location at 5705 Patterson Ave., was previously home to a Citgo gas station that Nichols tore down several years ago after purchasing the plot in 2011 for $350,000.
Construction has begun for the building’s foundation and Nichols said the goal is to have it ready for tenants by July 2019, weather permitting.
RVA Construction is the general contractor. Union Bank & Trust is financing the project. 510 Architects designed the building, which Nichols said is intended to blend with the renovations underway on his neighboring HandCraft storefront.
“These two buildings are going to kind of tie into together in terms of color and architecture,” Nichols said.
Brokers Read Goode and Cheryle Toy of Divaris Real Estate are handling leasing for the Nichols brothers.
The Patterson Avenue site is the latest real estate project from the Nichols brothers, who have successfully redeveloped their 90,000-square-foot art deco HandCraft building in Scott’s Addition and filled it with a mix of office tenants, a brewery and a market.
A northeast view of the the new office development at 5701 Patterson Ave. (Courtesy of 510 Architects)
A former gas station site owned by a local dry cleaning family is getting a second life and adding new office space to the Libbie/Patterson corridor.
The Nichols brothers, Jay, Keith and Jeff, who own HandCraft Cleaners, are redeveloping the vacant lot at 5701 Patterson Ave. into a new, two-story modern-design office building.
Jay Nichols said each floor will have around 3,600 square feet for lease. He said he has an unnamed local financial firm interested in relocating to the building’s top floor.
For the first floor, Nichols said he’s eyeing medical office tenants, as opposed to a retailer or restaurant.
“I’ll be real honest with you, I’m not looking to put retail there,” he said. “I would love to see something like a dermatologist or somebody that has some staying power where I don’t have to worry about the leases every two years.”
The 0.3-acre site, which sits next door to a HandCraft location at 5705 Patterson Ave., was previously home to a Citgo gas station that Nichols tore down several years ago after purchasing the plot in 2011 for $350,000.
Construction has begun for the building’s foundation and Nichols said the goal is to have it ready for tenants by July 2019, weather permitting.
RVA Construction is the general contractor. Union Bank & Trust is financing the project. 510 Architects designed the building, which Nichols said is intended to blend with the renovations underway on his neighboring HandCraft storefront.
“These two buildings are going to kind of tie into together in terms of color and architecture,” Nichols said.
Brokers Read Goode and Cheryle Toy of Divaris Real Estate are handling leasing for the Nichols brothers.
The Patterson Avenue site is the latest real estate project from the Nichols brothers, who have successfully redeveloped their 90,000-square-foot art deco HandCraft building in Scott’s Addition and filled it with a mix of office tenants, a brewery and a market.
“I want to be a landlord, but I don’t want to have to worry about leases every two years.”
As I learned early on from my father, unless you are the one stroking the checks, it doesn’t really matter what you think about other folks’ business decisions.
If these folks want to find lease terms that suits them, so be it.
The market will ultimately dictate.
The design of this building has all the aesthetics of a torn opened 5 pound bag of flour left on the sidewalk during a rainstorm. Honestly, do better.