Company proposes 900-acre warehouse and distribution hub in Suffolk

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A Chicago company wants to develop 900 acres in Suffolk into a warehouse and distribution park that could create up to 7,000 jobs in the area.  CenterPoint Properties says it would spend $325 million to develop the site, which is connected to the CSX railway and located along Route 58. The proposal still has many hurdles to overcome to make the site a reality. (Daily Press

McLean-based Freddie Mac and Washington, D.C.-based Fannie Mae are reeling from a 20 percent drop in stock prices as investors’ confidence in the mortgage finance companies wanes. (The Washington Post

A Henry County truck stop is producing and selling canola oil-based biodiesel fuel. The Red Birch Truck Stop co-owners hope the trend will catch on, reducing the country’s dependence on foreign oil. (Richmond Times-Dispatch)

For the Record

The Hotel Roanoke & Conference Center plans to add guest rooms, meeting space and a spa. Proposals are being solicited from architecture and engineering firms for plans that would encompass 125 new guest rooms, a 6,000- to 8,000-square-foot spa/wellness clinic and 15,000 square feet of meeting, office and storage space. (The Roanoke Times)

Isle of Wight County will purchase about 100 acres of land on U.S. 460 for a planned work-force training center. The $2.4 million site, outside Windsor, is located across from a million-square-foot warehouse owned by Cost Plus World Market, and from where the county wants to establish an intermodal park for distribution centers. The training center would be used to train workers for companies that move into the park. (Daily Press)

The state’s Department of Environmental Quality fined Liberty University for damage to wetlands and a stream impacted by dorm construction. DEQ originally proposed a $30,000 fine but the university made a counter-offer of $9,270 which the agency accepted. The damage to a small amount of forested wetlands and about 65 feet of a stream was considered minor but DEQ is also requiring Liberty to create a buffer zone on an existing stream in the same watershed. (The News & Advance)


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