551 S 5th St
Richmond, VA 23219
Foundry Park · Retail Property For Lease · 13,810 SF

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.