ABC’s existing nerve center encompasses 292,000 square feet at 2901 Hermitage Road. (Google Maps)
The guardian of Virginia’s alcohol distribution and sales may be striking a deal with the real estate arm of one of Richmond’s most well-known businessmen.
A collection of properties owned by Bill Goodwin’s Riverstone Properties is being floated to state legislators as the preferred site for a new headquarters compound for the Virginia Department of Alcoholic Beverage Control near the intersection of Pole Green Road and Interstate 295 in Hanover County’s Mechanicsville area.
ABC, along with the state Department of General Services, announced last week they had selected a proposal from Tennessee-based developer H&M Co. to construct a 95,000-square-foot office building and nearly 315,000-square-foot warehouse on the site, 10 miles from ABC’s existing complex at 2901 Hermitage Road in the city.
The agencies did not specify the sites they are considering, but Riverstone principal Chris Corrada said in an email Monday that the firm owns the property under consideration. He would not comment about further details, including the amount of land ABC is eyeing or if any of the parcels are under contract.
Riverstone owns nearly a dozen properties totaling 113 acres within the vicinity of the interchange that connects to I-295, according to county property records.
Some of the largest pieces of the property – totaling nearly 50 acres – is assembled along a service road next to AMF Bowling Co.’s headquarters at 8100 AMF Drive.
ABC and DGS said Friday they began negotiations in December with H&M, which specializes in the design, construction and financing of distribution and manufacturing facilities nationwide.
Joe Damico, DGS director, said the Hanover County site was chosen because it was the most cost effective and best fit ABC’s needs.
DGS issued requests for proposal for the project in June 2017, asking private developers to submit plans that could include leasing existing facilities, building new facilities, or renovating the current office and warehouse location.
The option to move and build from scratch was ultimately chosen and ABC and DGS received more than a dozen proposals. The agencies would not identify the other developers or proposed sites.
In an email, DGS spokeswoman Dena Potter said the search for property remains an “active acquisition process,” and specific proposals are not available until an agreement has been executed.
For the project to move forward, it must next be approved for funding by state legislators. Approval and funding is projected to move forward in spring 2018, with a move-in date slated for spring or summer 2021.
The new facilities could eventually free up ABC’s existing Hermitage Road site, which has been discussed as a potential spot for a new baseball stadium that could be shared by the Flying Squirrels and VCU.
ABC’s existing nerve center encompasses 292,000 square feet at 2901 Hermitage Road. (Google Maps)
The guardian of Virginia’s alcohol distribution and sales may be striking a deal with the real estate arm of one of Richmond’s most well-known businessmen.
A collection of properties owned by Bill Goodwin’s Riverstone Properties is being floated to state legislators as the preferred site for a new headquarters compound for the Virginia Department of Alcoholic Beverage Control near the intersection of Pole Green Road and Interstate 295 in Hanover County’s Mechanicsville area.
ABC, along with the state Department of General Services, announced last week they had selected a proposal from Tennessee-based developer H&M Co. to construct a 95,000-square-foot office building and nearly 315,000-square-foot warehouse on the site, 10 miles from ABC’s existing complex at 2901 Hermitage Road in the city.
The agencies did not specify the sites they are considering, but Riverstone principal Chris Corrada said in an email Monday that the firm owns the property under consideration. He would not comment about further details, including the amount of land ABC is eyeing or if any of the parcels are under contract.
Riverstone owns nearly a dozen properties totaling 113 acres within the vicinity of the interchange that connects to I-295, according to county property records.
Some of the largest pieces of the property – totaling nearly 50 acres – is assembled along a service road next to AMF Bowling Co.’s headquarters at 8100 AMF Drive.
ABC and DGS said Friday they began negotiations in December with H&M, which specializes in the design, construction and financing of distribution and manufacturing facilities nationwide.
Joe Damico, DGS director, said the Hanover County site was chosen because it was the most cost effective and best fit ABC’s needs.
DGS issued requests for proposal for the project in June 2017, asking private developers to submit plans that could include leasing existing facilities, building new facilities, or renovating the current office and warehouse location.
The option to move and build from scratch was ultimately chosen and ABC and DGS received more than a dozen proposals. The agencies would not identify the other developers or proposed sites.
In an email, DGS spokeswoman Dena Potter said the search for property remains an “active acquisition process,” and specific proposals are not available until an agreement has been executed.
For the project to move forward, it must next be approved for funding by state legislators. Approval and funding is projected to move forward in spring 2018, with a move-in date slated for spring or summer 2021.
The new facilities could eventually free up ABC’s existing Hermitage Road site, which has been discussed as a potential spot for a new baseball stadium that could be shared by the Flying Squirrels and VCU.
It’s a strong choice. It allows trucks to hit the highway north and east without dealing with the confluence of I-64 and I-95, avoiding morning and evening delays. It will have easy acces onto I-295. It’s close enough to Mechamicsville and Virginia Center for services as well. They’ve chosen well. Will the state own the property or will it be a taxable ownership of H&M? Will Riverstone do a trade to control the current property market on Hermitage Road, paving the possibility of a new ballpark for the Squirrels and Rams?
There can’t be one wear house to serve the entire state?
Might be strong choice for ABC but the move is a loose loose for the City. Good paying, accessible, low skills jobs moving to the County for the hope that someone, someday will redevelop the site and a stadium with lots of part time low, paying jobs. The warehouse/logistic jobs at ABC will be inaccessible to LMI city residents in the the future. Still waiting to see after 2 1/2 years the redevelopment of the DGIF on Broad Street. The private owner has done NOTHING since closing March 2016. Three RFPs and 10 years later the rest of the City… Read more »