With Publix and Chase Bank already signed on to its roster of tenants, another national name is in store for Carytown’s newest shopping center.
Mattress retailer Sleep Number signed a lease late last year for space in Carytown Exchange, the new $40 million, 120,000-square-foot development under construction at the retail district’s western edge.
Thalhimer’s Jim Ashby and David Crawford, who are handling leasing for developer Regency Centers, confirmed the Sleep Number deal in December.
Ashby said Publix’s opening last month has given the development a boost in interest from prospective tenants after a slower start to 2020 due to the pandemic.
“As a whole, leasing activity and momentum obviously took a dip in March and kind of picked back up in July. And ever since Publix opened we have tremendous interest in the project,” Ashby said.
Sleep Number, which also has stores in Short Pump Town Center and Chesterfield Towne Center, will fill 2,800 square feet in a soon-to-be built section of storefronts that will face Cary Street. The store is not expected to replace either of Sleep Number’s other stores in the region.
Also in that row on Cary Street will be Chase Bank, which signed a lease for roughly 3,000 square feet. Site work for that section is currently under way.
As for the rest of the space along Cary Street, Ashby and Crawford said negotiations are in the works with restaurants, soft goods retailers and fitness brands.
The developer has set aside two adjacent spaces along Cary Street closer to the project’s eastern end for restaurants with room for outdoor patios. One is 3,400 square feet and the other 4,400.
“The restaurants that have expressed interest are an array of regional high-end (brands) that aren’t in the Richmond market,” Ashby said.
Exterior construction of the development’s Ellwood Avenue-facing storefronts is complete. Crawford and Ashby said they are close to a lease in one of those spaces with a high-end fitness studio operator that has a location elsewhere in the market.
Virginia ABC also is close to signing a lease in Carytown Exchange for the 5,700-square-foot space next to the existing CVS along Nansemond Street. That would be a relocation of the ABC’s current store on Thompson Street.
The brokers said they couldn’t identify any of the other brands that have expressed interest, nor would they comment on the lease rates that are being offered.
“The goal is to create a project that blends well with Carytown and serves some needs that aren’t existing,” in the neighborhood currently, Crawford said.
“The goal is to create a project that blends well with Carytown and serves some needs that aren’t existing…”
(I know what he meant, but this made me laugh.)
Looking forward to the completion of this project and long post-pandemic afternoons shopping in Carytown!