Following a series of office leases and moves since entering the Richmond market three years ago, a residential real estate brokerage with roots in the Peninsula has found a place to call home locally for the long haul.
Liz Moore & Associates is building a new office at 14061 Midlothian Turnpike, on a 1.2-acre outparcel at Charter Colony Shopping Center.
The Williamsburg -based company closed on the property Sept. 24, paying $650,000, according to Chesterfield County property records. The most recent county assessment valued the land at $521,900.
The brokerage plans to build a single-story, 13,000-square-foot office building with enough room for 50 agents and staff. The space will include a co-working-style area with a coffee bar and free WiFi for clients and the public.
The project cost is estimated at $2.9 million. Local firm Century Construction is the contractor and Midlothian-based Balzer and Associates is handling design and engineering.
The company broke ground last week on the site, and a ribbon-cutting is scheduled for 6 p.m. on Oct. 10. The company is aiming for completion in May of 2020