Huge distribution facility planned for Richmond Raceway-owned land

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 Richmond Raceway. (Google Maps)

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.

A rendering of the distribution facility to be built for an unidentified tenant. (Courtesy of Hillwood Facebook)

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.

Codenamed industrial projects have been used by the counties in the past, including for deals in recent years that brought sizable Facebook and PepsiCo projects to the region.

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.

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sam nelson
sam nelson
2 months ago

Kudos to the Cheshesterfield’s Board of Supervisors and the Planning Department for their vision and action to help wrangle a quality, sizable distribution center. I am confident that Hillwood Enterprises will bring a quality occupant(s).

Frank Smith
Frank Smith
2 months ago
Reply to  sam nelson

We you actually thinking of “Henrico” county?

sam nelson
sam nelson
2 months ago
Reply to  Frank Smith

Yes. I guess it was too early for me to be writing. ha-ha

Hunter Wilson
Hunter Wilson
2 months ago
Reply to  sam nelson

It’s all good – the rendering shows a Texas flag so you’re not the farthest off.

Last edited 2 months ago by Hunter Wilson
Michael Dodson
Michael Dodson
2 months ago
Reply to  Hunter Wilson

That is also one fancy design for a distribution warehouse; anyone know if these are also regional offices for Amazon attached to the warehouse? Cause the rendering in this article looks nothing like an typical Amazon facility.

JOHN KELLEY
JOHN KELLEY
2 months ago

I thought it was sarcasm.

Betsy Gardner
Betsy Gardner
2 months ago

How many jobs are possible with this? I wish the city and county would work with Amazon or whomever to create training programs for high schoolers to help funnel them into what I hope are decent paying positions at the site.

Clark Adams
Clark Adams
2 months ago

After COVID where is everyone going to park during the races?

Matt Faris
Matt Faris
2 months ago
Reply to  Clark Adams

Perhaps this is the first indication that Nascar is not in the long-term plans for the area. Or, perhaps the track and distribution facility can share parking for the 3 or 4 days it is needed.

John Sutphin
John Sutphin
2 months ago
Reply to  Clark Adams

Honestly Clark, I am not sure that the track needed that land anymore, Attendance is no where near what it once was.