Chances are if you have travelled I-95 south of Richmond you are familiar with the massive Williams Bridge Company building. The namesake company, Williams Bridge Company (a subsidiary of Williams Industries), vacated its longstanding home a little over a year ago. And there has been speculation as to what was to become of the massive building in real estate circles ever since.
The sprawling 200,000 square foot industrial building complex is under contract as reported by Richmond BizSense. The current owners have applied to rezone the property from a heavy industrial to a B-7 mixed use, hinting that the potential buyer is exploring options to convert the large warehousing facility into apartments. Here is what Richmond BizSense had to say when it broke the story last week:
“With a buyer lined up, the family behind one of the largest and most visible manufacturing sites on the city’s Southside has a deal in the works to rezone the property and clear a path for potential redevelopment.
The sprawling and dormant Williams Bridge Co. complex at 700 E. Fourth and 1500 Goodes streets on the edge of Manchester is under contract with an undisclosed buyer, according to sources familiar with the pending deal.
The current owners of the 27-acre tract – family members of company namesake Frank Everett Williams Jr. – on June 1 filed a rezoning application with the city’s planning department to have the property rezoned from heavy industrial to the B-7 mixed-use zoning designation.”
You can read the full article at Richmond BizSense.