Coca-Cola Out, Mystery Tenant In 

click to enlarge street31_coke_200.jpg

The closing will take 222 jobs out of city limits, and leave behind a 141,000-square-foot plant on 4.7 acres of land — together assessed at more than $3 million.

Sealed bids on the property were received in mid-July, and the owner, Atlanta-based Coca-Cola Enterprises, is likely to settle on an offer by year's end, says Joe Marchetti, a real-estate agent with CB Richard Ellis, the firm handling the sale.

More than 25 interested parties were shown the property — one of the largest in Scott's Addition, Marchetti says. Proposed uses for the site range from industrial to mixed-use, he says — as in high-end residential units with office and retail space.

Sound familiar? It does to City Councilman William J. "Bill" Pantele, whose 2nd District includes the bottling plant. He likens the move to that of Interbake Foods' FFV cookie factory near Broad Street and the Boulevard.

That factory, which closed in March, is being turned into a mixed-use "life center" — with retail, office and residential space — by Washington, D.C.-based developer Douglas Jemal.

"I really regret Coca-Cola's decision to move, but the response in the bidding on that property shows a lot about the city and Scott's Addition," Pantele says. "A few years ago, it would have been met with despair if not panic," he says, referring to losing tenants.

Scott's Addition, recently designated as a historic district by the National Register of Historic Places, is seeing a transformation. The nearby Boulevard and The Diamond are as well, Pantele says. He hints at a "blowout" development worth $250 million to $350 million that will encompass far more than The Diamond and will be unveiled by end of summer or early fall.

The Coca-Cola plant's earliest garage and warehouse was built on West Clay Street in 1940 by Richmond architect C.W. Huff; its two-story, four-bay, modern-style building on Roseneath was designed by Joseph J. Schlesser in 1953. S

  • Click here for more News and Features

  • Favorite


    Subscribe to this thread:

    Add a comment

    Connect with Style Weekly

    Newsletter Sign-Up

    The Flash
    The Bite
    The Scoop

    Most Popular Stories

    • In the Know

      In the Know

      Thad Williamson, a former policy advisor for the mayor, eyes the soon-to-be vacant 5th District City Council seat.
      • May 14, 2019
    • Being There: The Market at 25th

      Being There: The Market at 25th

      • Apr 30, 2019
    • No Shame in the Game

      No Shame in the Game

      May is mental health awareness month. And veteran James Harris is on a mission to rid the stigma for black men seeking mental health counseling.
      • May 14, 2019
    • COMMENTARY: Why Northam Folded

      COMMENTARY: Why Northam Folded

      The governor’s recent balk on cap-and-trade legislation angers environmentalists, signals a change in strategy. 
      • May 7, 2019
    • More »

    Copyright © 2019 Style Weekly
    Richmond's alternative for news, arts, culture and opinion
    All rights reserved
    Powered by Foundation