A rendering of the five-story, 2.6 million-square-foot building that Hillwood Enterprises is developing for Amazon. (Courtesy Hillwood Development Facebook)
The checkered flag is out on Project Speedway, with online retailer Amazon first across the finish line.
The governor’s office announced today that Amazon will locate a robotics fulfillment center in the 2.6 million-square-foot industrial complex that Dallas-based Hillwood Enterprises is planning on land north of Richmond Raceway.
The center is expected to create 1,000 jobs, despite the robotics technology involved with the facility. It’s slated to start operations next year and will be the first of its kind in Central Virginia.
The announcement confirms Amazon’s involvement with the development, codenamed Project Speedway. The five-story building, which is based off a 650,000-square-foot footprint, is one of several across the country that Hillwood has developed with the online retailer signed on as a tenant.
The building will rise on a 120-acre portion of the 247-acre site, which straddles Richmond Henrico Turnpike and has been used for overflow parking for the raceway. Last week, the raceway sold part of that land – a 120-acre tract at 5901 Richmond Henrico Turnpike – to Hillwood for $7.7 million.
The 247-acre site straddles Richmond Henrico Turnpike just north of the raceway.
The rest of the land, at 5900 Richmond Henrico Turnpike, remained under raceway ownership as of Wednesday, according to Henrico property records. The county most recently assessed that property at $1.5 million. The 5901 property was assessed at $2.9 million.
Today’s announcement did not specify how much Amazon plans to invest in the facility, which will add to two other fulfillment centers that Amazon operates in the region: at 1901 Meadowville Technology Parkway in Chesterfield County, and at 5000 Commerce Way in Dinwiddie County. Those centers employ more than 1,100 people combined and each stand at around 1 million square feet.
Other Amazon facilities in the region include a distribution center at 4949 Commerce Road in Richmond. The company also leases two 320,000-square-foot buildings, in Chesterfield at 1601 Bellwood Road and in Hanover in the Exchange at Northlake Industrial Park. Both of those buildings were built by developer Devon USA.
Amazon has previously had a presence near the raceway, in an industrial park at 4101 Carolina Ave., where third-party Amazon contractor Bear Down Logistics halted operations after Amazon cut ties with the company.
This is a developing story. Stay tuned to BizSense for updates.
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April 22, 2021 at 12:17AM
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