A topping-off ceremony was held in December for the first office building at the Springline at District 60 development, a mixed-use project underway on the site of Spring Rock Green shopping center. (Courtesy Chesterfield County)
Shamin Hotels has secured approval to relocate and enlarge a hotel project that had been planned for Chesterfield’s Stonebridge development to another mixed-use project taking shape across Midlothian Turnpike.
The Chesterfield Board of Supervisors voted Wednesday to amend a performance grant agreement between the county and Shamin that opens the door for the local hotel operator to open two hotels at the Springline at District 60 project, a mixed-use redevelopment underway at the site of the Spring Rock Green shopping center.
The move frees Shamin from its obligations to build a hotel-anchored mixed-use project across the street at the Stonebridge development, which the grant agreement originally incentivized when it was first approved by the county in 2019.
At Springline, Shamin is planning a 12-story Hilton hotel with at least 260 rooms and 20,000 square feet of conference space, company CEO Neil Amin said in an interview this week.
The full-service hotel, which is planned to feature a second-story outdoor terrace and a 10,000-square-foot ballroom among its meeting spaces, is designed to create a conference hub, Amin said.
Neil Amin
“Our goal is to bring a lot of conferences and meetings to this area,” he said. “It’ll be a unique space.”
Shamin’s other hotel at Springline is planned to offer limited service and aimed at visitors to Chesterfield for sports tourism activities. That hotel, an extended-stay concept, is planned to feature about 100 rooms.
Amin said a cost estimate for the two hotels was still being worked out.
The amended grant agreement requires an investment of at least $75 million. The agreement previously required a $30 million minimum investment at Stonebridge.
The Springline Hilton is expected to be larger than the hotel proposed for Stonebridge, which was required to feature at least 155 rooms and a 10,000-square-foot conference center.
The deadline to construct the Springline hotels is extended to January 2028 from the previous July 2026 deadline for Stonebridge.
Other amendments to the agreement include the introduction of the second hotel and changes to the grant incentives to be provided to Shamin for the construction of the hotels.
Shamin is no longer required to build an ancillary development of retail, multifamily or entertainment uses at Stonebridge. The vision for that piece of the Stonebridge project as of late 2021 was a mixed-use project of more than 300 apartments and 10,000 square feet of retail space. That, along with the 250-room Embassy Suites hotel Shamin was planning at the time, were expected to be a combined $125 million project.
Amin said the company doesn’t plan to sell off its 14-acre holdings at Stonebridge and would propose a new project for the site, which is north of the Richmond Volleyball Club facility. Stonebridge took the place of the former Cloverleaf Mall.
“We do not plan to sell it because we believe in the location and will work with the county to propose a plan complementary to the existing uses (at Stonebridge),” Amin said.
Demolition work underway on the Spring Rock Green shopping center in April. (Photo courtesy of Chesterfield County)
According to the new agreement, Shamin is able to get grant funding equivalent to 25 years of real estate taxes on several of its hotels that are subject to the agreement, though it can no longer collect grant funding equivalent to 20 years of sales taxes on the hotel and conference center now planned for Springline.
Shamin also is eligible for the equivalent of 40 years of occupancy taxes on all hotels tied to the agreement, an incentive that was included in the previous agreement. The hotels subject to the agreement are the Springline hotels and the company’s Residence Inn Midlothian, Hampton Inn Chester, Home2 Suites Chester and Doubletree Midlothian hotels. The latter hotels had already been included in the agreement.
Under the terms of the previous version of the agreement, Shamin would have been eligible for annual equivalent grant payments of real estate and sales taxes for 20 years for the Stonebridge hotel, and for occupancy taxes for 40 years for the Stonebridge and other hotels in the agreement – or until the company recouped the costs associated with construction and other expenses tied to the Stonebridge hotel. The recoupment element has been struck from the amended agreement.
The county also is no longer required to reimburse Shamin up to $552,000 for expenses related to road improvements at the Stonebridge property.
The amended agreement also tweaks a long-standing clause related to a possible Shamin headquarters in the county. Chesterfield now plans to either negotiate with Shamin to line up a land acquisition at Springline to build a headquarters, or, as was provided in the previous version of the agreement, provide up to $2 million to renovate an existing building in Chesterfield to serve as the company headquarters.
Shamin is currently headquartered in the Richmond Times-Dispatch building at 300 E. Franklin St., which the hotelier bought in late 2019. Before that move, Shamin was based in Chester.
Amin said the company has no current plans to vacate its present location.
“We are currently renovating our existing office and don’t have anything to share at the moment,” he said.
Precisely where the upcoming Shamin hotels will be located at Springline is still being determined, according to Chesterfield Economic Development Director Garrett Hart.
“We’re going to work together (with Shamin) over the next month to determine the exact right location for the two hotels,” Hart said.
The Shamin project grant agreement was first approved in 2019 and amended in 2020 and 2022.
A rendering of the Springline at District 60 mixed-use development in Chesterfield County. (BizSense file)
A hospitality element has long been planned for Springline. Just as that piece of the redevelopment project comes into sharper focus, another major piece’s final form has become a bit more hazy.
Hart said Springline is still anticipated to feature a sports and entertainment venue, which is planned to total 100,000 square feet. But whether it will feature a pair of NHL-sized ice hockey rinks, as the county announced it would in 2021, is being reconsidered.
“Whether it is ice or not, we don’t know yet,” Hart said.
Phase one of construction is already underway at Springline, which is rising near the Midlothian Turnpike and Chippenham Parkway interchange.
Connecticut-based developer Collins Enterprises is working on a 300-unit apartment building with ground-floor retail called The James. Also under construction is Springline’s first 150,000-square-foot office building, which will serve as the future headquarters of Timmons Group. A grocery store is also planned as part of the development’s first phase.
Springline is planned to feature 150,000 square feet of retail, 300,000 square feet of office space, more than 1,000 apartments and more than 100 townhomes, as well as a police station.
Hart said that vision is expected to hold even with the hotels plan factored in. The county has most recently estimated the total anticipated investment value of Springline to be $675 million, though that figure doesn’t include the latest hotels proposal by Shamin and is expected to rise accordingly.
A topping-off ceremony was held in December for the first office building at the Springline at District 60 development, a mixed-use project underway on the site of Spring Rock Green shopping center. (Courtesy Chesterfield County)
Shamin Hotels has secured approval to relocate and enlarge a hotel project that had been planned for Chesterfield’s Stonebridge development to another mixed-use project taking shape across Midlothian Turnpike.
The Chesterfield Board of Supervisors voted Wednesday to amend a performance grant agreement between the county and Shamin that opens the door for the local hotel operator to open two hotels at the Springline at District 60 project, a mixed-use redevelopment underway at the site of the Spring Rock Green shopping center.
The move frees Shamin from its obligations to build a hotel-anchored mixed-use project across the street at the Stonebridge development, which the grant agreement originally incentivized when it was first approved by the county in 2019.
At Springline, Shamin is planning a 12-story Hilton hotel with at least 260 rooms and 20,000 square feet of conference space, company CEO Neil Amin said in an interview this week.
The full-service hotel, which is planned to feature a second-story outdoor terrace and a 10,000-square-foot ballroom among its meeting spaces, is designed to create a conference hub, Amin said.
Neil Amin
“Our goal is to bring a lot of conferences and meetings to this area,” he said. “It’ll be a unique space.”
Shamin’s other hotel at Springline is planned to offer limited service and aimed at visitors to Chesterfield for sports tourism activities. That hotel, an extended-stay concept, is planned to feature about 100 rooms.
Amin said a cost estimate for the two hotels was still being worked out.
The amended grant agreement requires an investment of at least $75 million. The agreement previously required a $30 million minimum investment at Stonebridge.
The Springline Hilton is expected to be larger than the hotel proposed for Stonebridge, which was required to feature at least 155 rooms and a 10,000-square-foot conference center.
The deadline to construct the Springline hotels is extended to January 2028 from the previous July 2026 deadline for Stonebridge.
Other amendments to the agreement include the introduction of the second hotel and changes to the grant incentives to be provided to Shamin for the construction of the hotels.
Shamin is no longer required to build an ancillary development of retail, multifamily or entertainment uses at Stonebridge. The vision for that piece of the Stonebridge project as of late 2021 was a mixed-use project of more than 300 apartments and 10,000 square feet of retail space. That, along with the 250-room Embassy Suites hotel Shamin was planning at the time, were expected to be a combined $125 million project.
Amin said the company doesn’t plan to sell off its 14-acre holdings at Stonebridge and would propose a new project for the site, which is north of the Richmond Volleyball Club facility. Stonebridge took the place of the former Cloverleaf Mall.
“We do not plan to sell it because we believe in the location and will work with the county to propose a plan complementary to the existing uses (at Stonebridge),” Amin said.
Demolition work underway on the Spring Rock Green shopping center in April. (Photo courtesy of Chesterfield County)
According to the new agreement, Shamin is able to get grant funding equivalent to 25 years of real estate taxes on several of its hotels that are subject to the agreement, though it can no longer collect grant funding equivalent to 20 years of sales taxes on the hotel and conference center now planned for Springline.
Shamin also is eligible for the equivalent of 40 years of occupancy taxes on all hotels tied to the agreement, an incentive that was included in the previous agreement. The hotels subject to the agreement are the Springline hotels and the company’s Residence Inn Midlothian, Hampton Inn Chester, Home2 Suites Chester and Doubletree Midlothian hotels. The latter hotels had already been included in the agreement.
Under the terms of the previous version of the agreement, Shamin would have been eligible for annual equivalent grant payments of real estate and sales taxes for 20 years for the Stonebridge hotel, and for occupancy taxes for 40 years for the Stonebridge and other hotels in the agreement – or until the company recouped the costs associated with construction and other expenses tied to the Stonebridge hotel. The recoupment element has been struck from the amended agreement.
The county also is no longer required to reimburse Shamin up to $552,000 for expenses related to road improvements at the Stonebridge property.
The amended agreement also tweaks a long-standing clause related to a possible Shamin headquarters in the county. Chesterfield now plans to either negotiate with Shamin to line up a land acquisition at Springline to build a headquarters, or, as was provided in the previous version of the agreement, provide up to $2 million to renovate an existing building in Chesterfield to serve as the company headquarters.
Shamin is currently headquartered in the Richmond Times-Dispatch building at 300 E. Franklin St., which the hotelier bought in late 2019. Before that move, Shamin was based in Chester.
Amin said the company has no current plans to vacate its present location.
“We are currently renovating our existing office and don’t have anything to share at the moment,” he said.
Precisely where the upcoming Shamin hotels will be located at Springline is still being determined, according to Chesterfield Economic Development Director Garrett Hart.
“We’re going to work together (with Shamin) over the next month to determine the exact right location for the two hotels,” Hart said.
The Shamin project grant agreement was first approved in 2019 and amended in 2020 and 2022.
A rendering of the Springline at District 60 mixed-use development in Chesterfield County. (BizSense file)
A hospitality element has long been planned for Springline. Just as that piece of the redevelopment project comes into sharper focus, another major piece’s final form has become a bit more hazy.
Hart said Springline is still anticipated to feature a sports and entertainment venue, which is planned to total 100,000 square feet. But whether it will feature a pair of NHL-sized ice hockey rinks, as the county announced it would in 2021, is being reconsidered.
“Whether it is ice or not, we don’t know yet,” Hart said.
Phase one of construction is already underway at Springline, which is rising near the Midlothian Turnpike and Chippenham Parkway interchange.
Connecticut-based developer Collins Enterprises is working on a 300-unit apartment building with ground-floor retail called The James. Also under construction is Springline’s first 150,000-square-foot office building, which will serve as the future headquarters of Timmons Group. A grocery store is also planned as part of the development’s first phase.
Springline is planned to feature 150,000 square feet of retail, 300,000 square feet of office space, more than 1,000 apartments and more than 100 townhomes, as well as a police station.
Hart said that vision is expected to hold even with the hotels plan factored in. The county has most recently estimated the total anticipated investment value of Springline to be $675 million, though that figure doesn’t include the latest hotels proposal by Shamin and is expected to rise accordingly.
A Hilton….full brand HIlton? I think we are being a sold another bill of goods. The DCR standards for Hilton are immense.
There is so much happening North of the river in the city, but not much South of the river unless it’s in Chesterfield. I wonder why that is?
Here’s a crazy idea.
Maybe southside should leave the City of Richmond and become the City of Manchester. That way there could be another vote for a casino, but this time the northside will not tell the southside: No!