Shamin Hotels is eyeing the construction of two hotels at Springline at District 60, the mixed-use development that’s underway on the site of the old Spring Rock Green shopping center in Chesterfield.
The project is being pitched as an alternative to Shamin’s current plans to build a hotel across the street at the Stonebridge development, which took the place of Cloverleaf Mall.
In a prepared statement, Shamin Hotels CEO Neil Amin acknowledged last week the company’s interest in opening hotels at Springline, and noted the proposal needs the OK from Chesterfield. He declined to comment further.
“Shamin Hotels is excited with the possibility of moving our full-service hotel and conference center from Stonebridge to the mixed-use development at Springline. The move requires approval of the Board of Supervisors, so we will withhold additional comment until action has been taken,” Amin said.
The Chesterfield Board of Supervisors is scheduled on Wednesday to consider approval of changes to the 2019 performance grant agreement tied to the Stonebridge project. The proposed new terms would set the stage for Shamin to step away from the Stonebridge project in favor of its proposal for Springline.
Shamin says it will invest at least $75 million in its envisioned Springline project, which would feature a Hilton hotel with conference facility, as well as a smaller, limited-service hotel with about 100 rooms, according to county documents.
It wasn’t clear from the board’s meeting materials how many rooms the proposed Hilton hotel would have. According to the county documents, the Hilton would be “larger in scope” than the Stonebridge proposal, which as of December 2021 was planned to be a 250-room Embassy Suites hotel with a 25,000-square-foot conference center.
Among the proposed amended terms for Shamin’s agreement with the county are an increase of Shamin’s minimum capital investment from $30 million to $75 million, the inclusion of the second hotel and tweaks to the grant incentives that would be provided to Shamin for its efforts, among other changes.
Shamin also would no longer be on the hook to build the mixed-use project it planned for Stonebridge, per the proposed changes to the agreement. As of late 2021, Shamin had plans to build a mixed-use development along with the hotel at Stonebridge with 10,000 square feet of retail and more than 300 apartments.
Along with the hotel, that project was projected to cost $125 million, and was expected to occupy 14 acres at 101 and 201 Karl Linn Drive that are owned by Shamin. The site is north of the Richmond Volleyball Club facility at Stonebridge.
The arrangement with the county could also set the stage for Shamin to relocate its headquarters at Springline or elsewhere in the county.
According to the proposed amended terms, Chesterfield would agree to either negotiate a land deal with Shamin to line up a site at Springline for the construction of a headquarters, or, as is provided in the existing agreement, provide up to $2 million to renovate an existing building in Chesterfield to serve as its headquarters.
Shamin is currently headquartered in downtown Richmond, in the Richmond Times-Dispatch building at 300 E. Franklin St., which it bought in late 2019. Shamin had previously been based in Chester.
Shamin’s proposal to join Springline comes shortly after a topping-off ceremony was held in early December for the development’s first office building – a 150,000-square-foot, five-story building that will serve as Timmons Group’s new headquarters. In addition to the office building, the first phase of construction at Springline also includes a grocery store and a mixed-use building planned to feature ground-floor commercial space and 300 apartments.
Springline, which is near the Midlothian Turnpike and Chippenham Parkway interchange, is envisioned to include more than 1,000 apartments, 150,000 square feet of retail, 300,000 square feet of office, more than 100 townhomes and a sports and entertainment center. A hospitality element has been part of the project’s vision, and a police station is also planned for the development.
Shamin Hotels is eyeing the construction of two hotels at Springline at District 60, the mixed-use development that’s underway on the site of the old Spring Rock Green shopping center in Chesterfield.
The project is being pitched as an alternative to Shamin’s current plans to build a hotel across the street at the Stonebridge development, which took the place of Cloverleaf Mall.
In a prepared statement, Shamin Hotels CEO Neil Amin acknowledged last week the company’s interest in opening hotels at Springline, and noted the proposal needs the OK from Chesterfield. He declined to comment further.
“Shamin Hotels is excited with the possibility of moving our full-service hotel and conference center from Stonebridge to the mixed-use development at Springline. The move requires approval of the Board of Supervisors, so we will withhold additional comment until action has been taken,” Amin said.
The Chesterfield Board of Supervisors is scheduled on Wednesday to consider approval of changes to the 2019 performance grant agreement tied to the Stonebridge project. The proposed new terms would set the stage for Shamin to step away from the Stonebridge project in favor of its proposal for Springline.
Shamin says it will invest at least $75 million in its envisioned Springline project, which would feature a Hilton hotel with conference facility, as well as a smaller, limited-service hotel with about 100 rooms, according to county documents.
It wasn’t clear from the board’s meeting materials how many rooms the proposed Hilton hotel would have. According to the county documents, the Hilton would be “larger in scope” than the Stonebridge proposal, which as of December 2021 was planned to be a 250-room Embassy Suites hotel with a 25,000-square-foot conference center.
Among the proposed amended terms for Shamin’s agreement with the county are an increase of Shamin’s minimum capital investment from $30 million to $75 million, the inclusion of the second hotel and tweaks to the grant incentives that would be provided to Shamin for its efforts, among other changes.
Shamin also would no longer be on the hook to build the mixed-use project it planned for Stonebridge, per the proposed changes to the agreement. As of late 2021, Shamin had plans to build a mixed-use development along with the hotel at Stonebridge with 10,000 square feet of retail and more than 300 apartments.
Along with the hotel, that project was projected to cost $125 million, and was expected to occupy 14 acres at 101 and 201 Karl Linn Drive that are owned by Shamin. The site is north of the Richmond Volleyball Club facility at Stonebridge.
The arrangement with the county could also set the stage for Shamin to relocate its headquarters at Springline or elsewhere in the county.
According to the proposed amended terms, Chesterfield would agree to either negotiate a land deal with Shamin to line up a site at Springline for the construction of a headquarters, or, as is provided in the existing agreement, provide up to $2 million to renovate an existing building in Chesterfield to serve as its headquarters.
Shamin is currently headquartered in downtown Richmond, in the Richmond Times-Dispatch building at 300 E. Franklin St., which it bought in late 2019. Shamin had previously been based in Chester.
Shamin’s proposal to join Springline comes shortly after a topping-off ceremony was held in early December for the development’s first office building – a 150,000-square-foot, five-story building that will serve as Timmons Group’s new headquarters. In addition to the office building, the first phase of construction at Springline also includes a grocery store and a mixed-use building planned to feature ground-floor commercial space and 300 apartments.
Springline, which is near the Midlothian Turnpike and Chippenham Parkway interchange, is envisioned to include more than 1,000 apartments, 150,000 square feet of retail, 300,000 square feet of office, more than 100 townhomes and a sports and entertainment center. A hospitality element has been part of the project’s vision, and a police station is also planned for the development.
I have heard rumblings about the ice rinks not happening. Anyone else hear this?
No ice rink but another grocery store; the financial incentives to move headquarters is what is driving this. They will dump downtown office building once out.
That will be too bad if they don’t get those rinks. There are a lot of fields in the region for other sports, but not too many options for ice time for various winter sports.
It would be quite the coupe for the County to bring Shamin Hotels HQ back into its jurisdiction. That entity, with Timmons HQ and the CCPS, all at Springline, would provide a nice daytime customer base to revive a retail element. I hope the ice hockey rink will still be part of the development.
Bruce wasn’t this the same thought among the hotel/convention complex that would fill in Stonebridge? All those “customers”
And how many people go in each day, 5 days a week? Most Timmons staff still don’t go in the office more than 2-3 days a week. I am sure Shamin has a lot of at home workers too.
The two hotels make a lot of sense if the ice-skating rink becomes a reality. That coupled with the existing volleyball facility at Stonebridge will allow for more room night stays when there are tournaments.
Chesterfield needs to catch up with Henrico when it comes to indoor sports facilities for youth sports.