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Raceway to Fun undergoing rapid transformation in Newport

An illustration shows a rendering of the combination office and warehouse building currently under construction at the former Raceway to Fun site. Illustration courtesy of Scannell Properties1 / 2
Two warehouse and office buildings will be constructed at the former Raceway to Fun site this year and the next. Photo courtesy of Scannell Properties 2 / 2

Builders are making quick work of the former Raceway to Fun site on Hastings Avenue now that ground has broken on the first of two combination warehouse and office buildings.

Development manager Daniel Madrigal with landowner Scannell Properties said the building is on track to be finished and occupied in December.

One tenant — an unnamed distribution company — is signed on for at least a third of the space, though they could take as much as the entire 83,000 square foot warehouse and office building.

Madrigal said construction for the second combination warehouse and office building — planned to be 144,000 square feet — could still start this fall, but will likely go up next spring.

Scannell broke ground on the building three weeks ago, expecting a little over four months between groundbreaking and occupancy.

"We have a very aggressive timetable," Madrigal said. "The tenant needed to be in in December."