A mixed-use development rising at the edge of Oregon Hill near VCU has hooked its first commercial tenant – a restaurant chain that’s making a comeback in the Richmond market.
Pita Pit signed a lease in recent weeks to take about 900 square feet in the 805W project – a four-story, 100-unit apartment development with about 8,000 square feet of ground floor space – that’s under construction at 805 W. Cary St.
Founded in 1995, Canada-based Pita Pit is a fast-casual restaurant that features a menu based on a patron’s choice of grilled meats, fresh vegetables, a variety of sauces and a pita, all rolled together.
Pita Pit is familiar with metro Richmond, having operated an outpost about 10 years ago in the Innsbrook Shoppes retail center in Innsbrook before closing a couple of years ago.
The new Richmond franchise will be owned and operated by Jordan Anderson, who could not be reached for comment Wednesday afternoon.
Beyond its pending Richmond restaurant, Pita Pit operates two Virginia locations in Roanoke and Virginia Beach, according to its website.
Broker Lindsey Barden of Dark Horse Commercial Real Estate represented Pita Pit in the 805W lease. Peter Vick and Harrison Hall of Divaris represented the landlord.
The restaurant lease helps anchor the nearly $20 million mixed-use project, which was launched about a year ago by a group made up of Kevin O’Leary and James Flanigan, who own J.D. Lewis Construction Management, and local developer Larry Cluff. 805W encompasses about 13 parcels formerly at 801, 803, 805, 807, 809, 811, 815 W. Cary St.; 104, 106, 108 and 110 S. Laurel St.; and 812 and 814 Green Alley.
J.D. Lewis Construction is building 805W, and Architecture Design Office designed the project.
The apartment units are being leased by KRS Holdings, while commercial leasing is being handled by Divaris Real Estate Inc. | Richmond.