Cville’s Castle Hill Gaming signs new HQ lease
Slot-machine-gaming developer will be anchor tenant in $45M Stonefield development in Albemarle
Charlottesville-based slot-machine-gaming software developer Castle Hill Gaming signed the lease for its new 20,000-square foot headquarters in Albemarle County, where it will be the anchor tenant in the $45 million Stonefield mixed-use development.
Washington, D.C.-based real estate firm The Bernstein Companies is funding the development via its OPZ Bernstein Opportunity Fund. Construction has yet to be completed, and a timeline has not been announced for Castle Hill to move into Stonefield.
“We are thrilled to be expanding our headquarters where we can attract new talent in data science, software design and development to our new facilities once they are open,” Arthur Watson, CEO of Castle Hill Gaming, said in a statement. “The new facility will be a great place to develop our games and harbor innovation.”
Castle Hill Gaming, which provides Class II and Class III slot machine gaming to Native American tribal casinos, will receive a $1.3 million grant from the Virginia Jobs Investment Program to support the hiring and training of roughly 100 new employees, the company announced in June 2019. Albemarle County Economic Development Authority agreed to provide a matching grant.
Castle Hill employs data scientists, designers, developers and mathematicians. As of June 2019, Castle Hill Gaming employed approximately 50 people, with 25 based in Albemarle.