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Foundry Park 551 S 5th St 1,400 - 13,810 SF of 5-Star Retail Space Available in Richmond, VA 23219
HIGHLIGHTS
- Foundry Park, CoStar Group's new corporate campus, offers first-time F&B leasing opportunities at a prime riverfront corner in Downtown Richmond.
- Anchoring the campus' dedicated amenities building, the space benefits from steady foot traffic from the community and over 3,200 on-site employees.
- Just a 10-minute walk from VCU and surrounded by walkable neighborhoods, the site offers a strong, built-in base of students and professionals.
- Customizable ground-floor space for restaurants, cafés, and bars with a walk-through promenade, outdoor seating, and covered parking for guests.
- Near Brown's Island, Allianz Amphitheater, and Belle Isle, this location draws over 2 million annual visitors for recreation and seasonal events.
- Richmond is an ideal market for launching and growing standout F&B concepts with low living costs and a youthful, diverse population of 1.3 million.
ALL AVAILABLE SPACES(5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- SPACE USE
- CONDITION
- AVAILABLE
This suite includes 390 square feet of exterior space and can be combined with Suite B for a total of 3,540 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 2,900 SF of adjacent space
- High End Trophy Space
- Fits 4 - 12 People
This suite includes 250 square feet of exterior space and can be combined with Suite A for a total of 3,540 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 2,900 SF of adjacent space
- High End Trophy Space
This suite offers 1,000 square feet of exterior space and can be combined with Suite D for a total of 9,750 square feet, or with Suites D and E for a total of 21,080 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 10,910 SF of adjacent space
- High End Trophy Space
This suite includes 2,600 square feet of exterior space and offers flexible expansion options. It can be combined with Suite C for a total of 9,750 square feet, Suite E for a total of 17,380 square feet, or both Suites C and E for a combined total of 21,080 square feet, all including exterior space.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 10,910 SF of adjacent space
- High End Trophy Space
This suite offers 6,470 square feet of exterior space and can be combined with Suite D for a total of 17,380 square feet, or with Suites C and D for a total of 21,080 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 10,910 SF of adjacent space
- High End Trophy Space
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor, Ste A | 1,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Shell Space | 2026-03-01 |
| 1st Floor, Ste B | 1,400 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Shell Space | 2026-03-01 |
| 1st Floor, Ste C | 2,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Shell Space | 2026-03-01 |
| 1st Floor, Ste D | 3,450 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Shell Space | 2026-03-01 |
| 1st Floor, Ste E | 4,860 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Shell Space | 2026-03-01 |
1st Floor, Ste A
| Size |
| 1,500 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| 2026-03-01 |
1st Floor, Ste B
| Size |
| 1,400 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| 2026-03-01 |
1st Floor, Ste C
| Size |
| 2,600 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| 2026-03-01 |
1st Floor, Ste D
| Size |
| 3,450 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| 2026-03-01 |
1st Floor, Ste E
| Size |
| 4,860 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| 2026-03-01 |
1st Floor, Ste A
| Size | 1,500 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | Shell Space |
| Available | 2026-03-01 |
This suite includes 390 square feet of exterior space and can be combined with Suite B for a total of 3,540 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Can be combined with additional space(s) for up to 2,900 SF of adjacent space
- Fits 4 - 12 People
1st Floor, Ste B
| Size | 1,400 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | Shell Space |
| Available | 2026-03-01 |
This suite includes 250 square feet of exterior space and can be combined with Suite A for a total of 3,540 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Can be combined with additional space(s) for up to 2,900 SF of adjacent space
1st Floor, Ste C
| Size | 2,600 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | Shell Space |
| Available | 2026-03-01 |
This suite offers 1,000 square feet of exterior space and can be combined with Suite D for a total of 9,750 square feet, or with Suites D and E for a total of 21,080 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Can be combined with additional space(s) for up to 10,910 SF of adjacent space
1st Floor, Ste D
| Size | 3,450 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | Shell Space |
| Available | 2026-03-01 |
This suite includes 2,600 square feet of exterior space and offers flexible expansion options. It can be combined with Suite C for a total of 9,750 square feet, Suite E for a total of 17,380 square feet, or both Suites C and E for a combined total of 21,080 square feet, all including exterior space.
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Can be combined with additional space(s) for up to 10,910 SF of adjacent space
1st Floor, Ste E
| Size | 4,860 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | Shell Space |
| Available | 2026-03-01 |
This suite offers 6,470 square feet of exterior space and can be combined with Suite D for a total of 17,380 square feet, or with Suites C and D for a total of 21,080 square feet, including the exterior area.
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Can be combined with additional space(s) for up to 10,910 SF of adjacent space
SELECT TENANTS
- FLOOR
- TENANT NAME
- INDUSTRY
- Multiple
- CoStar Group
- Information
PROPERTY FACTS
PROPERTY OVERVIEW
Foundry Park, CoStar Group's expanded and skyline-reshaping corporate campus on the Brown's Island embankment, is Richmond's newest destination for business meetings, family outings, and evenings out. Located at 551 S 5th Street, the six-story, multi-use amenity building enhances the brand-new, 1-million-square-foot development with lifestyle-driven spaces such as a cutting-edge auditorium and state-of-the-art fitness and wellness facilities, designed to elevate the day-to-day office experience for more than 3,000 on-site employees. The amenity building also serves as a bridge to the broader community by offering first-time food and beverage leasing opportunities at the high-profile corner of 5th and Tredegar Streets overlooking the James River rapids. Customizable ground-floor commercial space is available for restaurants, cafés, bars, fast-casual dining, and other concepts. Whether it's a barbecue joint, coffee shop, cocktail lounge, or sweets parlor, Foundry Park offers high visibility, flexible configurations, strong branding potential, and excellent access. Tenants and guests enjoy a beautifully landscaped walk-through promenade, outdoor seating, covered reserved parking, and access to a dedicated loading dock, further elevating the visitor and leasing experience. Brown's Island, the immediately adjacent Allianz Amphitheater at Riverfront, and Belle Isle draw over 2 million annual visitors to their open green spaces, tree-lined trails, water recreation, and premier events, including the Richmond Folk Festival and Dominion River Rock. Virginia Commonwealth University (VCU), with 33,000 students, is just a 10-minute walk away, and most people who work within a mile of this location also live nearby, providing a built-in customer base. With one of the nation's lowest costs of living, a young and diverse population of 1.3 million, Richmond embodies a vibrant lifestyle that captures nearly every interest. Foundry Park is a highly visible beacon on the Richmond skyline from any vantage point, drawing people to experience new and known food and beverage concepts at the heart of everything that's thriving and fun in Richmond.
- Bus Line
- Controlled Access
- Conferencing Facility
- Courtyard
- Fitness Center
- Food Court
- Restaurant
- Waterfront
- Skyway
- Accent Lighting
- Automatic Blinds
- Roof Terrace
- Bicycle Storage
- Natural Light
- Recessed Lighting
- Shower Facilities
- Wi-Fi
- Sky Terrace
- Air Conditioning
- On-Site Security Staff
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Dunkin' | Cafe | - | 7 min walk |
| Broadway Cafe | Cafe | - | 8 min walk |
| Casa Del Barco | American | $$$ | 9 min walk |
| Penny Lane Pub | American | $$$ | 8 min walk |
| The Capital Ale House | American | $$ | 9 min walk |
RETAIL |
||
|---|---|---|
| Townebank | Bank | 9 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| 7-Eleven | Convenience Market | 12 min walk |
| Truist | Bank | 11 min walk |
| The YMCA | Fitness | 11 min walk |
| Walgreens | Drug Store | 13 min walk |
| Wells Fargo Bank | Bank | 14 min walk |
HOTELS |
|
|---|---|
| Delta Hotel |
298 rooms
2 min drive
|
| MOXY |
100 rooms
3 min drive
|
| Omni |
359 rooms
3 min drive
|
| Hilton |
250 rooms
3 min drive
|
| Graduate Hotel |
205 rooms
4 min drive
|
LEASING TEAM
LEASING TEAM
Thomas Papadopoulos, Principal, Principal Broker
John Gogos, Retail Leasing
Adam Bush, Retail Leasing
ABOUT THE OWNER
OTHER PROPERTIES IN THE COSTAR GROUP PORTFOLIO
ABOUT THE ARCHITECT
OTHER PROPERTIES IN THE PICKARD CHILTON PORTFOLIO
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Foundry Park | 551 S 5th St
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