Much of the action around Richmond Raceway these days is from folks attending large vaccination events. But a codenamed industrial project planned nearby could soon be a sizable sight to behold.
Dallas, Texas-based Hillwood Enterprises is planning a five-story, 2.6-million square-foot warehouse complex on a 247-acre parcel just north of the raceway, according to documents on file with Henrico County.
Richmond Raceway owns the land in question, which sits at 5900 and 5901 Richmond Henrico Turnpike. It’s northeast of Azalea Avenue and Wilkinson Road, bisected by the Richmond Henrico Turnpike. The property was most recently assessed by the county at a combined $5.25 million.
The facility’s future tenant is not specified on Henrico’s planning documents and the project is listed only as “Project Speedway” in certain building permits.
Hillwood, led by Ross Perot Jr., the son of the late businessman and 1990s presidential candidate Ross Perot Sr., has developed dozens of industrial projects all over the country and in Poland, with several of its more recent projects being built for Amazon.
Last year, Hillwood kicked off a warehouse for Amazon in Mississippi, and the company recently confirmed Amazon as a tenant in an industrial project it’s working on in Jacksonville, Florida. Hillwood is also currently planning a warehouse in Knoxville, Tennessee for another unknown user under a codename, however the Knoxville News Sentinel reports that the likely user is Amazon.
In its rezoning application in the fall, Hillwood proposed the warehouse would be used for “cold storage, distribution/warehouse, and manufacturing.”
A Hillwood spokeswoman said in an email that Hillwood’s standard practice precludes public statements about considered, pending, planned or current developments.
Richmond Raceway officials were not available for comment by press time.
The county’s planning department approved plans for the project in December, a few months after the Board of Supervisors approved rezoning the land to M-2C General Industrial District.
Project Speedway is set to rise near another industrial park at 4101 Carolina Ave. where third-party Amazon contractor Bear Down Logistics halted operations after Amazon cut ties with the company.