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VOL. 132 | NO. 58 | Wednesday, March 22, 2017

Loeb Building Retail Center Near Overton Square

By Patrick Lantrip

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Loeb Properties has announced it will build a new retail center at 2046 Union Ave., around the corner from Overton Square.

Rendering of the retail center Loeb Properties will build at 2046 Union Ave. near Overton Square

(brg3s architects/Loeb Properties)

The new 7,500-square-foot Midtown building, which will sit at the corner of Union Avenue and Diana Street, will include a restaurant with patio option, dedicated parking lot, Union Avenue frontage and “contemporary features.”

In conjunction with the announcement, the company filed a $1.2 million building permit application with the city-county Office of Construction Code Enforcement for the new building.

Loeb currently is preleasing the last remaining 2,250 square feet of availability, which is ideal for restaurant or retail use, according to the company.

"This constitutes a rare opportunity for a tenant to move into brand-new retail space on Union Avenue in the heart of Midtown," says Aaron Petree, CCIM, Loeb's leasing broker for the property.

Demolition on the existing building, which was a former Valvoline Instant Oil Change location, will begin April 1, with construction on the new building beginning in May and wrapping up this fall.

Grinder, Taber & Grinder Inc. and brg3s architects will be heading up the construction and design efforts, respectively.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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