The pieces are coming together for yet another new downtown office tower.
Dominion Resources has signed on locally based Hourigan Construction and Chicago-based Clayco to build a tower that will rise in place of the existing six-story, 269,000-square-foot Richmond Plaza at 111 S. Sixth St.
The company has yet to release details on how large the tower will be, but has previously said it will be a “significant structure.”
Dominion spokesperson Ryan Frazier said demolition on the Richmond Plaza will start this summer and the company plans to move its employees in during the summer of 2019. The company purchased the building for $5.5 million from Washington, D.C.-based Douglas Development.
Hourigan Construction has been hired as general contractor in charge of construction as well as the design-builder for the new tower, which will sit directly across Seventh Street from Dominion’s existing 21-story One James River Plaza, at 701 E. Cary St. Hourigan will also lead the way in demolishing Richmond Plaza.
Hourigan Construction President Mark Hourigan said work is currently underway to determine the building’s size and schematic designs. Houston-based architecture firm Kendall/Heaton Associates has been selected as the architect of record, and the Timmons Group is the civil engineer.
“It will be a really great, transformative structure,” he said.
Clayco is a minority partner on the development. The Chicago developer is known locally for building Richmond’s newest tower, Gateway Plaza, which it opened last year and just sold in a $104 million deal.
“We have brought them on to strengthen our team with their recent experience of downtown Richmond, to give Dominion the best answer possible,” Hourigan said of Clayco.
Because the Dominion plans are in their early stages, a Clayco representative declined to comment.
Frazier said Dominion went through a “comprehensive, competitive process” to determine its contractor, working through a list of 11 construction firms before settling on Hourigan and Clayco.
Dominion has worked with Hourigan on several properties in the past, including the energy giant’s other downtown building at Eighth and Main streets and its Network Control Center in Innsbrook.
Depending on the final specs, this new tower might be the largest that Hourigan Construction has worked on. The company’s past projects have gone as high as the 15-story range, Hourigan said.
Plans are also in the works for the future of One James River Plaza. Frazier said Dominion is currently weighing its options to determine if it will be cost-effective to upgrade the building or demolish it and construct something new in its place.
“We have the needs for major upgrades for HVAC, lighting, mechanical and other systems, as well as exterior work there,” Frazier said of One James River Plaza. “We know we’re going to need to make major renovations if we’re going to use it in the future.”
Dominion has 2,400 employees working downtown between Richmond Plaza, One James River Plaza, its 20-story tower at 705 E. Main St., three buildings on Tredegar Street and two buildings on Grayland Avenue. Future plans for the Main Street property have not been finalized.
“In the past year or so, we did a number of internal studies which found that we need more office space in downtown to house current employees and also allow room for growth,” Frazier said.