Genworth campus transformation pitched to potential developers

Genworth’s campus at 6620 W. Broad St., throughout the road from Reynolds Crossing. (BizSense file shots)

The long term of Genworth Financial’s Wide Road campus is officially up for grabs.

The Henrico-centered insurance policy big claimed Tuesday it has commenced a ask for for data (RFI) section to question developers for strategies of how to finest remodel its longtime 45-acre multi-constructing home foundation at 6620 W. Wide St. into a mixed-use advancement.

“We worked with Cushman Wakefield/Thalhimer to curate a record of possible associates to invite to take part, centered on our vision of a sturdy, sustainable, blended-use redevelopment supporting a thriving Richmond neighborhood,” the business said in a assertion. “The RFI invitee listing contains a assorted mix of regional and national firms such as both of those master and specialized product-style builders.”

When the corporation did not offer more particulars of the RFI or the developer invite listing, it stated it has put a title on the foreseeable future challenge: Compass City Heart.

The corporation previously stated a new Genworth headquarters developing would be component of the broader redeveloped internet site, which would also include things like business office space for added tenants, retail and cafe house, and townhomes and residences.

Genworth’s campus residences numerous workplace buildings, most of which are past their primary.

It would choose condition on Genworth’s 45 acres, which are at present property to 4 properties totaling approximately 500,000 sq. ft of office area, a great deal of which is previous its primary and empty both from the pandemic and prior downsizing.

The property also properties some vacant land, a huge parking deck and a lesser parking deck. The assemblage was most a short while ago assessed by the county at a mixed $54 million.

The prospective redevelopment procedure was kicked off this summer time immediately after Genworth inked a offer to briefly go its workforce from the campus to a solitary office environment throughout the road at Reynolds Crossing. It subleased 88,000 square toes at 6603 W. Broad St., a setting up beforehand occupied by Altria.

The non permanent room has room for all around 300 Genworth workforce at any provided time. That permits for its 850 personnel to occur and go while it carries on a mix of in-human being and at-residence do the job amid the pandemic.

Genworth reported the RFI process is envisioned to past various months, adopted by a ask for for proposals stage that possible will also past quite a few months.

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