The restaurant has just one other location in New Jersey and recently signed a lease for the space that over the years has housed American Tap Room, Hattie Mae’s Southern Kitchen and Legends Grille.
The juice bar, dubbed You Matter, will be run by Tricia Walker, whose husband owns the jewelry shop next door.
The deal involves Yellow Umbrella acquiring the assets of Stables and bringing many of the offerings from Yellow Umbrella’s longtime Patterson Avenue store to the Libbie Mill offshoot.
North Carolina-based developer Hem + Spire bought the six-story building in January 2020 for $1.5 million. Next month’s auction has a starting bid of $450,000.
The buyer was Lakeland Capital, which has spent more than $22 million on properties in Richmond since 2022.
The seller of the 296-unit apartment complex was busy local firm Capital Square, which had bought the property in 2018 for $39.5 million.
The Henrico-based developer that’s planning the project is also in the midst of building a boutique hotel in Charleston, South Carolina.
“When folks drive down Hermitage Road come March and April… they’ll see some fences up and they’ll see some signs up for what’s coming,” McLaughlin said. “They’ll see a whole bunch of big machines moving buildings and dirt.”
The closure of the city’s first food hall is set for the spring and comes on the heels of EAT Restaurant Partners scrapping its plans for a similar concept in Scott’s Addition.
Chef’Store offers wholesale groceries and kitchen supplies for those in the restaurant industry as well as home cooks. It’s first Richmond-area store will be built from scratch just off Broad Street.
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