Wednesday, March 22, 2017

'Modern' Retail Center Coming to Midtown

Posted By on Wed, Mar 22, 2017 at 12:45 PM

click to enlarge This new retail center will built at the corner of Union and Diana. - LOEB PROPERTIES
  • Loeb Properties
  • This new retail center will built at the corner of Union and Diana.

An old Valvoline lube shop on Union will soon become a “modern” shopping center.

On Tuesday, Loeb Properties filed a building permit for the project valued at more than $1.1 million. The new center will be built at the Midtown corner of Union and Diana, not far from Overton Square.

The company said the center will total 7,500 square feet. Only 2,250 feet is still available, the company said, but would not identify any companies who have already leased space there. Loeb said the remaining space would be ideal for a restaurant with a patio or for a retail location.

Demolition will begin on the Valvoline structure on the site April 1, the company said. The new space will be completed this fall.

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

click to enlarge The current site at Union and Diana. - GOOGLE MAPS
  • Google Maps
  • The current site at Union and Diana.

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