Office and retail space will finish development at Glenside Drive and Forest
HENRICO, Va. — Office and retail space is set to make up the finishing touches on a Henrico development at Glenside Drive and Forest Avenue.
Reynolds Development Group, the original developer of Reynolds Crossing, submitted preliminary plans on Sept. 30 for a 42,000-square-foot medical office building on five acres at 7000 Forest Ave.
A stone’s throw away on a 2-acre parcel, the Wilton Cos. filed plans with Henrico County for a 15,000-square-foot retail development on Forest Avenue adjacent to its existing Wilton Square retail strip.
The two projects comprise the last remaining parcels in the 90-acre development.
Reynolds Development Group principal Sarge Reynolds said the plans for the medical office project have not been finalized but the proposed building will likely be two or three stories.
“We have a 21,000-square-foot user under (a letter of intent) and another 12,000-square-foot user under LOI,” Reynolds said, adding he wasn’t ready to specify who the proposed building’s tenants might be.
Reynolds said the medical office piece is expected to cost around $7 million. Financing is still being put in place. A general contractor and architect for the job have yet to be selected.
He said the proposed building would be the fourth medical office building in Reynolds Crossing, which is bound by Glenside Drive, West Broad Street, Forest Avenue, and I-64. The current healthcare tenants at Reynolds Crossing are MetLife, Bon Secours Richmond Health System, Virginia Urology, and the Virginia Cancer Institute.
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