A 1,800‑square‑foot Starbucks store opened on December 4, 2025 at 22114 Gramercy Park Drive in Ashburn, Virginia, adjacent to the lobby of BLVD Flats in Loudoun Station. The opening marks the second Starbucks location within Comstock Holding Companies’ (CHCI) managed portfolio, following the Reston Station store at 1908 Reston Metro Plaza.
The new retail tenant is a key driver of foot traffic and supports CHCI’s mixed‑use, transit‑oriented development strategy. By adding a high‑profile, everyday‑use brand, the company strengthens the appeal of its properties, which is central to its asset‑light, fee‑based model that relies on attracting tenants rather than owning and developing large‑scale assets.
CHCI’s recent financial performance underscores the strategic value of such tenant additions. In Q3 2025 the company reported revenue of $13.3 million, up 3% year‑over‑year, and net income of $0.5 million. In comparison, Q4 2024 revenue was $16.9 million, up 54% YoY, with net income of $10.3 million. While the Starbucks opening does not generate immediate earnings, it enhances property desirability and is expected to increase management fees over time.
"We are extremely thrilled that Starbucks is now officially open for business in Loudoun Station. This adds yet another best‑in‑class retail offering for the growing community and supports our long‑term mission to make Loudoun Station a vibrant place to live, work, and gather," said Tim Steffan, COO of CHCI.
The opening demonstrates CHCI’s ability to attract major tenants, reinforcing its asset‑light model and boosting the value of its managed assets. It also signals continued momentum in Loudoun Station, where the company plans to add a significant office tower, "One Gramercy," further expanding the development’s mixed‑use profile.
Overall, the Starbucks opening is a positive milestone that aligns with CHCI’s strategy and may enhance future leasing activity, though its direct financial impact is limited to the long‑term growth of management fees.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.