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551 S 5th St
Richmond, VA 23219

Rate Upon Request

Office For Lease  •  1,400+ SF

Property Details

  • Property Type Office
  • Year Built 2026
  • Total Building Size 193,676 SF
  • Tenancy Multiple
  • Building Class A
  • Zoning B-4
58 Transit Score
61 Walk Score

5 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste A Retail 1,500 SF Rate Upon Request
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.

  • Date available: Mar 2026
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: New
  • In Contiguous block: 2,900 SF
1st Floor Ste B Retail 1,400 SF Rate Upon Request
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.

  • Date available: Mar 2026
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: New
  • In Contiguous block: 2,900 SF
1st Floor Ste C Retail 2,600 SF Rate Upon Request
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.

  • Date available: Mar 2026
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: New
  • In Contiguous block: 10,910 SF
1st Floor Ste D Retail 3,450 SF Rate Upon Request
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.

  • Date available: Mar 2026
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: New
  • In Contiguous block: 10,910 SF
1st Floor Ste E Retail 4,860 SF Rate Upon Request
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.

  • Date available: Mar 2026
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: New
  • In Contiguous block: 10,910 SF

Description

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.

Highlights

Foundry Park, CoStar Group's new corporate campus, offers first-time F&B leasing opportunities at a prime riverfront corner in Downtown Richmond.
Customizable ground-floor space for restaurants, cafés, and bars with a walk-through promenade, outdoor seating, and covered parking for guests.
Anchoring the campus' dedicated amenities building, the space benefits from steady foot traffic from the community and over 3,200 on-site employees.
Near Brown's Island, Allianz Amphitheater, and Belle Isle, this location draws over 2 million annual visitors for recreation and seasonal events.
Just a 10-minute walk from VCU and surrounded by walkable neighborhoods, the site offers a strong, built-in base of students and professionals.
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.

Property Flyers

Amenities

  • 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

Major Tenants

Tenant SF Occupied Lease End Date
CoStar Group

Public Transportation

Commuter RailDriveWalkDistance
3 min 19 min 1.0 mi
14 min - 7.6 mi
AirportDriveWalkDistance
Richmond International 19 min - 11.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Covered
Included in Rent: Yes
Thomas Papadopoulos 202-318-9882 Papadopoulos Properties, Inc.
Thomas Papadopoulos 202-318-9882 Papadopoulos Properties, Inc.