CITY OF HOPEWELL AND W.E. BOWMAN CONSTRUCTION, INC. EXECUTIVES SIGN AGREEMENTS FOR A $40 MILLION WATERFRONT DEVELOPMENT PROJECT CALLED “FRANCISCO LANDING”

FOR IMMEDIATE RELEASE

Friday, December 14, 2018

For Further Information Contact:

Charles E. Dane (804) 541-2271

Assistant City Manager, City of Hopewell

cdane@hopewellva.gov
Release Number: 12/14/18-DIPA-001

CITY OF HOPEWELL AND W.E. BOWMAN CONSTRUCTION, INC. EXECUTIVES SIGN AGREEMENTS FOR A $40 MILLION WATERFRONT DEVELOPMENT PROJECT CALLED “FRANCISCO LANDING”

HOPEWELL, VA. The City of Hopewell is pleased to announce the finalization and signing of agreements that pave the way for a $40 million dollar development led by W.E. Bowman Construction, Inc. called Francisco Landing in the Historic Downtown District of Hopewell.

Pic1

W.E. Bowman Construction, Inc. Executive Director, Charles (Chip) Bowman said “We are thrilled about this exciting and transformational project in the City of Hopewell that leverages the City’s waterfront and investments that have already been made in redevelopment of its Historic Downtown district.”

Hopewell City Council cleared the way for the Francisco Landing project to move forward on November 27, 2018 granting full approval in a unanimous 7-0 vote authorizing the City Manager to finalize and sign the agreements, which had been negotiated over several months.

The City of Hopewell had entered into a legally binding Letter of Intent with W.E. Bowman Construction Inc. back in July of 2017 allowing the firm to evaluate and analyze the possibility of developing this feature waterfront property, which is the former location of Patrick Copeland Elementary School.

On September 17, 2018, Bowman’s team via its entity, Francisco Landing Holdings, LLC, presented a conceptual plan of development for lots 1 & 2 of the Copeland Site located on Appomattox Street.

Once constructed, the Francisco Landing development is designed to add approximately 175 new market rate multi-family residential units and select new commercial spaces in its first phase. The project has been carefully designed to compliment the existing structures in the district and to permanently preserve open space for all residents of Hopewell and its visitors by maintaining and improving public view shed and access to the Appomattox river.

Pic2

The new commercial spaces will include a ground floor restaurant and two build-to-suit freestanding commercial sites. A public plaza with a walking promenade that will overlook the lower area known as City Park will also be included.

A grand stairway will lead from the new plaza to the park and to the City’s new Riverwalk, which is currently under construction. The concept also includes the re-establishment/restoration of the historic outdoor amphitheater.

A subsequent phase, valued at an additional $40,000,000, will include approximately 200 additional apartments, commercial spaces, and a possible parking deck.

The project will be called Francisco Landing referencing the developers’ lineage to Peter Francisco. At the age of 5, Peter Francisco was abandoned on the wharf at City Point which is just feet from the site now known as Hopewell, Virginia in 1765. He was taken as a small boy to Buckingham County and raised there by a local businessman, where he grew to a gigantic size of 6’ 6” tall. Enlisting at the age of 16 into the Colonial Army, he served under General George Washington with distinction in the North.

Pic3

Later in the South, he became a hero of the American Revolution at such battles as Camden and Guilford Courthouse. His feats of strength were legendary, and he served Virginia and the nation well, eventually as the Sargent of Arms for the Virginia General Assembly until his death in 1831.There is a bust of Peter Francisco on the front lawn of the City’s Municipal Building honoring Francisco. The two developers, Ed and Chip Bowman, are direct descendants of Peter Francisco.

President of W. E. Bowman Construction, Inc., Ed Bowman, said “Founded in 1970, W. E. Bowman Construction Inc. has been serving the construction industry for 48 years. The Bowman team represents three generations of hands on leadership and expertise. In addition to the value of time tested experience, W. E. Bowman Construction is uniquely qualified and set apart.” The developers intend to build and hold the facility long-term. Construction is projected to begin in 2019 with pre-leasing available within the next couple of months.