Henry County and Martinsville will help finance construction of a 75,000-square-foot shell building — which could be doubled in size — in the Patriot Centre at Beaver Creek industrial park.
The shell be located on Lot 8; a 17 acre site with an 11.4 acre graded pad. The building will be a concrete tilt up similar to the last two shell buildings Martinsville-Henry County has built and sold in recent years.
The timeline calls for the EDC to select an architectural/engineering firm in January; develop plans/bid documents in February and March; meet with local banks in February; and bid the project and select a contractor in April. Construction is to be under way around April or May, and it is to be completed around the end of 2013.
“Martinsville-Henry County’s shell building track record is positive,” said, Mark Heath, President and CEO of the Martinsville-Henry County Economic Development Corporation, mentioning Owens Corning, Mehler Inc., Masterbrand Cabinets, RTI International Metals and Commonwealth Laminating as companies that have moved into local shell buildings in the past.
Henry County and Martinsville have constructed two shell buildings under the revenue sharing system that involves the IDA and EDC, according to Henry County Administrator Tim Hall. One building was sold to RTI International Metals before construction was completed, and the last one was on the market for three years before it was sold to Commonwealth Laminating.