A rendering of the planned Springline at District 60 mixed-use development. (Courtesy of Chesterfield County)
After years in the Boulders office park, a local civil engineering firm is looking to build a new headquarters — and it’s taking on the mantle of developer and landlord in the process.
Timmons Group plans to relocate its corporate headquarters to Springline at District 60, a mixed-use development planned for the site of Spring Rock Green shopping center at the interchange of Midlothian Turnpike and Chippenham Parkway.
The company’s new home base will occupy half of a five-story, 150,000-square-foot office building that Timmons intends to build itself. It will lease the other half of the building to Chesterfield County for offices for the school district’s administrators.
Timmons expects to purchase the 1.3-acre project site from the Chesterfield Economic Development Authority next month. The EDA owns the Spring Rock Green shopping center and is selling off portions of the center to developers.
Timmons Principal Tim Davey said donning a developer cap is new ground for the firm.
“We thought it made sense financially for it to be an owner-occupied building,” Davey said in a recent interview.
The deal with Timmons came about after Chesterfield struggled to find a developer to lead the office project.
Timmons was already looped into the project as it has been serving as an engineering consultant on Springline. Amid rising interest rates and challenging market conditions that threatened to delay the office’s timeline, the company stepped in to keep the office’s construction on track.
“Those conversations were going on but not to a point where anyone would get the project to the starting line,” Davey said. “We’re doing it because we wanted this project to be successful.”
Chesterfield County Administrator Joe Casey said this week that the county was eager to see the office project get rolling and felt Timmons made the best pitch for the project.
“At the end of the day, Timmons created the business transaction that was the win-win for that particular parcel,” Casey said. “Timing is of the essence. … it’s such a visible piece of property. More people drive by that site than anything else in the county.”
Tim Davey
Timmons hopes to break ground on the project in the second quarter of 2023, with construction anticipated to wrap up in early 2025. A cost estimate for the project is still being worked out, Davey said.
Hourigan has been tapped to be the general contractor and Baskervill will design the building.
Other elements planned as part of Springline’s first phase is a 300-unit apartment building with ground-floor retail by Collins Enterprises. Collins has its project pad site under contract and likewise expects to close on its acquisition in June.
The $675 million Springline project is planned to eventually have more than 1,000 residential units, 150,000 square feet of retail space, a total of 300,000 square feet of office space, a sports venue with two NHL-sized ice rinks and a hotel.
Chesterfield officials held a ceremony to mark the start of demolition at the Spring Rock Green shopping center in March.
Timmons will be vacating its current headquarters in the Boulders I building at 1001 Boulders Parkway, where it occupies fewer than 50,000 square feet. Timmons has been based there for about 15 years. Davey said Timmons expects the corporate office will have 400 employees by the time it moves to Springline.
The Springline office gives Timmons room to grow, and Davey said the mixed-use development is expected to be a draw for new employees.
“Being part of a dynamic and vibrant redevelopment effort in the county is consistent with our mission,” he said. “We’re very excited this will help us recruit and retain young professionals.”
Timmons plans to continue to occupy its offices at 14th Street in downtown Richmond and at Southport Commerce Center in Chesterfield after the corporate office moves. The company also has offices outside of the region as well as in other states.
A rendering of the planned Springline at District 60 mixed-use development. (Courtesy of Chesterfield County)
After years in the Boulders office park, a local civil engineering firm is looking to build a new headquarters — and it’s taking on the mantle of developer and landlord in the process.
Timmons Group plans to relocate its corporate headquarters to Springline at District 60, a mixed-use development planned for the site of Spring Rock Green shopping center at the interchange of Midlothian Turnpike and Chippenham Parkway.
The company’s new home base will occupy half of a five-story, 150,000-square-foot office building that Timmons intends to build itself. It will lease the other half of the building to Chesterfield County for offices for the school district’s administrators.
Timmons expects to purchase the 1.3-acre project site from the Chesterfield Economic Development Authority next month. The EDA owns the Spring Rock Green shopping center and is selling off portions of the center to developers.
Timmons Principal Tim Davey said donning a developer cap is new ground for the firm.
“We thought it made sense financially for it to be an owner-occupied building,” Davey said in a recent interview.
The deal with Timmons came about after Chesterfield struggled to find a developer to lead the office project.
Timmons was already looped into the project as it has been serving as an engineering consultant on Springline. Amid rising interest rates and challenging market conditions that threatened to delay the office’s timeline, the company stepped in to keep the office’s construction on track.
“Those conversations were going on but not to a point where anyone would get the project to the starting line,” Davey said. “We’re doing it because we wanted this project to be successful.”
Chesterfield County Administrator Joe Casey said this week that the county was eager to see the office project get rolling and felt Timmons made the best pitch for the project.
“At the end of the day, Timmons created the business transaction that was the win-win for that particular parcel,” Casey said. “Timing is of the essence. … it’s such a visible piece of property. More people drive by that site than anything else in the county.”
Tim Davey
Timmons hopes to break ground on the project in the second quarter of 2023, with construction anticipated to wrap up in early 2025. A cost estimate for the project is still being worked out, Davey said.
Hourigan has been tapped to be the general contractor and Baskervill will design the building.
Other elements planned as part of Springline’s first phase is a 300-unit apartment building with ground-floor retail by Collins Enterprises. Collins has its project pad site under contract and likewise expects to close on its acquisition in June.
The $675 million Springline project is planned to eventually have more than 1,000 residential units, 150,000 square feet of retail space, a total of 300,000 square feet of office space, a sports venue with two NHL-sized ice rinks and a hotel.
Chesterfield officials held a ceremony to mark the start of demolition at the Spring Rock Green shopping center in March.
Timmons will be vacating its current headquarters in the Boulders I building at 1001 Boulders Parkway, where it occupies fewer than 50,000 square feet. Timmons has been based there for about 15 years. Davey said Timmons expects the corporate office will have 400 employees by the time it moves to Springline.
The Springline office gives Timmons room to grow, and Davey said the mixed-use development is expected to be a draw for new employees.
“Being part of a dynamic and vibrant redevelopment effort in the county is consistent with our mission,” he said. “We’re very excited this will help us recruit and retain young professionals.”
Timmons plans to continue to occupy its offices at 14th Street in downtown Richmond and at Southport Commerce Center in Chesterfield after the corporate office moves. The company also has offices outside of the region as well as in other states.