Two years after imploding its old One James River Plaza office tower and one year after pulling the plug on plans for a new building in its place, Dominion Energy is taking the next step in deciding the downtown parcel’s future.
The utility giant has issued a request for proposals for the vacant 2-acre site at 701 E. Cary St.
Last week Dominion spokesman Ryan Frazier confirmed that the RFP has been issued but said he could not provide any further details, including what potential use might be in mind or whether Dominion intends to sell the land as part of the process or be part of whatever project is chosen.
The site was left blank after the May 2020 implosion that brought down the 21-story One James building. It sits adjacent to 600 Canal Place, the 20-story, glass-facade headquarters Dominion built in 2019. The One James site was once intended to house a sister tower called 700 Canal Place, however those plans were scrapped last spring in light of changing work-from-home trends and a decrease of Dominion’s downtown headcount after the sale of its natural gas business to Warren Buffett’s Berkshire Hathaway.
The property has since been cleaned up and leveled out and now sits idle in the heart of downtown.
The parcel is owned by an entity tied to Dominion and was most recently assessed by the city at $10 million. It’s zoned B-4 Central Business District, a designation that doesn’t have a maximum height restriction.
In addition to 600 Canal, Dominion also owns two other downtown offices, including a 20-story tower at 705 E. Main St. and three buildings at 120 Tredegar St. along the river. It listed the Main Street tower for sale last year, according to news reports.
The company also is looking to make moves with some of its real estate in the Fan. Last summer it listed for sale 4.6 acres of land it owns 2400 and 2501 Grayland Ave. Frazier would not comment on the status of that listing.