Posted: Thursday, March 8, 2012 8:04 pm | Updated: 7:58 pm, Thu Mar 8, 2012.
A new tenant who signed a 15-year lease for a 600,000-square-foot building in Principio Business Park in December is moving ahead with plans to construct an additional 595,000-square-foot building to add on to the existing building.
Restoration Hardware had already received its occupancy permit for 4000 Principio Parkway East when its landlord, Weeks Robinson, requested and was granted a fast-track permit process from Cecil County Commissioners Feb. 21.
The total cost of the project, including interior fit-out, is estimated at $23.7 million and will create 1.2 million square feet of distribution/warehouse space for the luxury home furnishings dealer.
It will be their East Coast distribution center, Roy Clough, deputy director of Cecil County Economic Development, told commissioners during the fast-track request presentation.
They hope to create jobs for about 150 to 165 people, Clough said. And they want to start construction in April and occupy the new building by August 31.
Anticipated hourly wages are $12.
The existing building already occupied by Restoration Hardware was constructed about four years ago, but never leased.
Clough said the county had several prospects for the building, which they commonly referred to as the Trade Center 95, but activity picked up after the building was sold last summer to Atlanta-based Weeks Robinson Properties.
They recently sent us a rendering of the new building which includes an attractive courtyard, Clough said Wednesday as he distributed copies to members of the County Economic Development Commission.
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Restoration Hardware moves ahead with expansion
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