Foundry Park

[eandslee]

Amenities: employee cafeteria, fitness center, underground parking, riverfront park/lawn

[wrldcoupe4]

It was in an article about the project in another news source

[burt]

Where in the world do you get all of your information? Information flows from you like the rivers that fill creekbeds after a major flood! Nice to have you on our team!

[Shakman]

He's our leader. It's his job to dig up all the information.

[wrldcoupe4]

of course Shakman

[Downtowner]

Guys I am so glad to hear that they are going downtown this is a Huge boost to downtown and I hope our other Suburban Fortune 500's can learn from this one day.

[wrldcoupe4]

Work should begin in 6 months on the new building with completion in 2009... This is a big win for the city. NBC12 reported that the average income of employees at the new HQ is $90,000. It will hold as many as 1000 workers.

[burt]

Work should begin in 6 months on the new building with completion in 2009... This is a big win for the city. NBC12 reported that the average income of employees at the new HQ is $90,000. It will hold as many as 1000 workers.

[urbanvb]

NBC12 reported that the average income of employees at the new HQ is $90,000. It will hold as many as 1000 workers.

[jbjust]

We need these people making a lot of dough to keep places like Stony Point in business.

[wrldcoupe4]

Here's a big article on Meadwestvaco's plans that I must have overlooked:

Meadwestvaco HQ could become windfall for the City - Deal represents $100 million investment

Some key excerpts:

MeadWestvaco Corp.'s decision to locate its corporate headquarters in downtown Richmond could give the city an investment of up to $100 million.

"It solidifies the city's position of being the corporate and financial hub of the Richmond region," said William E. Harrell, the city's chief administrative officer....

Officials said Wednesday that the company would locate its permanent headquarters in an office to be built between Fifth and Seventh streets next to the Federal Reserve Bank of Richmond....

Harrell said city officials courted MeadWestvaco for more than a year and that the company considered several sites, including the James Center and a site at East Broad and Sixth streets, where a downtown performing-arts center has been envisioned.....

In December, NewMarket sold 2.3 acres at the site to the Federal Reserve for a future parking deck. Of the remaining 7 acres, the MeadWestvaco office will take about half.

NewMarket wants to develop the area as Foundry Park, which could include residential properties, a hotel and specialty stores.

[burt]

How did we miss that one, Coupe? I don't recall seeing that in the TD on line.

It would not surprise me if other out of town major headquarters began standing up and taking notice of Richmond's benefits.

How do you suppose construction will impact next Fall's National Folk Festival?

[wrldcoupe4]

They could probably move the Times-Dispatch tent over to where the Helipad is.

[burt]

They could probably move the Times-Dispatch tent over to where the Helipad is.

[wrldcoupe4]

No, it's on the grounds of the Civil War Center, just east of the Museum before 5th street.

[burt]

How did we miss that one, Coupe? I don't recall seeing that in the TD on line.

It would not surprise me if other out of town major headquarters began standing up and taking notice of Richmond's benefits.

How do you suppose construction will impact next Fall's National Folk Festival?

[Cadeho]

Its interesting to see that one of the sites considered was the hole in the ground on Broad . Who do you suppose was marketing that space - The City or VAPAF?

[burt]

Maybe it was marketing itself as they were driving around looking at locations.

Man 1: Hey! Is that spot available?

Man 2: Why, yes. It was supposed to be a music hall but that didn't go as planned.

Man 1: Well it needs to be developed, add it to the list!

[wrldcoupe4]

Richmond adds to MWV incentive deal

The city will soon sign off on the incentives package that lured Meadwestvaco downtown:

To persuade the Fortune 500 packaging company to build a new headquarters next to the Federal Reserve building, the city is offering:

* a $2 million match of the $2 million grant from the state;

* a rebate of property taxes over 10 years, amounting to $350,000 a year for five years and $250,000 for the second five years; and

* a series of street improvements, including timed traffic lights, an easier left turn from Byrd Street to Ninth Street and adding a second lane to the Seventh Street/Byrd Street exit ramp off the Downtown Expressway.

[burt]

No juristriction gets something like this for free. I wonder what the proffers were from Henrico and Chesterfield?

[vdogg]

Wow, $100 million is a huge investment. Are you guys getting a tower out of this? How tall will it be?

[Shakman]

Wow, $100 million is a huge investment. Are you guys getting a tower out of this? How tall will it be?

[wrldcoupe4]

As of now... we're looking at 10+ stories with up to 300,000sf of office space to house around 1000 employees.

here's the rendering:

This is an early idea though so it could change before work begins next year.

It's also only part of a larger project known as Foundry Park. Future phases will include a hotel, residential buildings and retail/entertainment.

Here's the location:

Live Local View

[Shakman]

As of now... we're looking at 10+ stories with up to 300,000sf of office space to house around 1000 employees.

here's the rendering:

This is an early idea though so it could change before work begins next year.

It's also only part of a larger project known as Foundry Park. Future phases will include a hotel, residential buildings and retail/entertainment.

Here's the location:

Live Local View

[wrldcoupe4]

well, in the rendering I count 10 floors of office space plus floors of parking beneath it that are not underground...