NVRetail’s Lovettsville Square commercial project is well under construction and letters of intent for leasing are beginning to stack up.
The 17,500-square-foot center along the Town Square features a distinctive Glockenspiel, or clock tower, that town leaders hope will serve as a branding feature, in tribute to Lovettsville’s German heritage.
NVRetail’s Vice President Judd Bostian said he expects the building to be completed by July 1. So far, he has one signed lease, with Leesburg-Sterling Family Practice. He also has three letters of intent from would-be lessees and has held a number of restaurant tours. There is space in the center for two sit-down restaurants. “We’re actively pursuing close to five to 10 restaurants,” he said.
Bostian noted that as the construction progresses and people see exactly what it’s going to look like, interest will pick up. “There’s been a big spike since the shell building has taken shape, but they want to see more,” Bostian said.
Town Planner/Zoning Administrator Joshua Bateman said the town will do a final inspection for NVRetail’s occupancy permit and a final site plan inspection.
The structure will complete the plan envisioned more than decade ago, but which ran into trouble during the recession.
When finished, town leaders hope the building will become a business and tourism destination—for residents and visitors alike.