Local developer cooking up potential food hall concept for Scott’s Addition warehouse
April 22, 2021
A food hall may be back on the menu in Scott’s Addition as a local developer is lining up a purchase of one of the neighborhood’s last remaining rehab-worthy warehouses.
Henrico-based Capital Square is under contract to purchase the Hutcheson & Co. building at 3015 W. Leigh St.
Capital Square’s executive vice president of development, Adam Stifel, said they’re planning to renovate the 17,000-square-foot building into a retail or hospitality concept, namely a food hall.
“We could tear it down and do more apartments. I just really don’t want to do that to the building,” Stifel said. “I want to bring it back to life and make it a really active part of the community.”
The building is adjacent to part of Capital Square’s three-part residential project, Scott’s Collection. In total, Scott’s Collection will add 212 units across three buildings, all of which are now under construction. Stifel said if a food hall materializes, they’d work out deals for residents of the apartment buildings.
“We’re playing with all those ideas right now. We want to set ourselves apart with it as an amenity,” Stifel said.
Stifel declined to disclose what the purchase price would be for the Hutcheson & Co. building, saying only that it’s a bit more than what they’d usually pay for land in the neighborhood.
“We’re putting value into that building because it’s unique. It’s one of the last really cool warehouses in Scott’s Addition,” he said, adding that they’re scheduled to close on it in August.
The city most recently assessed the building at $1.35 million. Hutcheson is a 48-year-old firm that provides electrical and lighting hardware for both residential and commercial projects. It still operates out of the Scott’s Addition building.
To view the full story, click here.