Posts Authored by Robert F. McCarthy

Huron officials committed to redevelopment of former ConAgra site

Matt Lasko, Huron’s new city manager, has “vaulted” redeveloping the 11-acre waterfront former ConAgra property to the top of his to-do list, informing city officials “they should expect some forthcoming legislation on a possible infrastructure plan there,” The Sandusky Register reports. Lasko said redevelopment of the site could include “a mix of uses with adequate public space and access woven through the site,” according to the article. He wants to release requests for proposals for interested companies to submit their ideas for development, and “stressed how the public can provide input and feedback on any publicly submitted plans.” City officials will move forward with on-site utility connectivity in the meantime. For more, read the full article.

Economic Development, State Updates

Daimler Group to build $19.2M office building at Hamilton Quarter

The Hamilton Quarter mixed-use development is adding a new $19.2 million office building to its offerings; Daimler Group will “build the five-story 141,000-square-foot building” on Dublin Granville Road, Columbus Business First reports. The speculative office building “has flexible capabilities with larger scale floor-plates” and “will have prominent frontage right on Route 161 with signage potential,” according to the article. Columbus City Council approved a “10-year, 75% property tax abatement for the cost of the building,” saving the developer $4.2 million over 10 years, “while Columbus City Schools would receive an estimated $4.9 million over a 20-year period.” For more, read the full article.

Economic Development, Financial Incentives, State Updates

Lame duck results in energy-efficiency deductions for public buildings and airport development districts

New legislation enacted during the recent lame duck session of the General Assembly may alter the allocation of the federal income tax deduction granted for the design and installation of energy-efficient commercial building fixtures. Substitute Senate Bill 259, signed by Governor DeWine on January 9, 2021, requires public entities to allocate the energy-efficient buildings tax deduction to designers of public buildings upon such designers' requests. (Note that public entities are prohibited from accepting fees, payments, or any other consideration for allocating the deduction.) After receiving an allocation request, the public entity has 15 days to respond, otherwise, the request is treated as though it was approved. For more, read the full article.

Economic Development, Energy Efficiency, Financial Incentives, State Updates

Perkins Township “poised for growth” despite challenges of pandemic

While some of Perkins Township’s original plans for 2020 had to be revised or delayed, the outlook for 2021 is hopeful, the Sandusky Register reports. The township’s community development department’s “most significant planning activity in 2020” involved the finalization of its comprehensive plan update, according to the article. The department is providing guidance on the proposed reinvestment in the Sandusky Mall complex and the redevelopment of vacant industrial property on Hayes Avenue. The development of new roads “in the vicinity of Sam’s Club Way and Baywinds Drive that will provide access to commercially zoned properties” will enable the future development of those properties. For more, read the full article

Economic Development, State Updates

Loges named first economic development director for New Albany

The City of New Albany has hired Michael Loges as its first economic development manager, ColumbusCEO reports. Loges, who previously served as the senior economic development project manager for the Central Ohio Transit Authority, “will contribute to the Community Development Department and market the community to attract businesses worldwide,” according to the article. His experience also includes roles as a business development specialist for the City of Columbus and as a special projects manager for the Ohio Development Services Agency. For more, read the full article.

Economic Development, State Updates

Kingsdale Shopping Center project will benefit Upper Arlington, Schoeny says

A redevelopment of the former Macy’s building in Upper Arlington’s Kingsdale Shopping Center “would bring a windfall to the city,” and city manager Steve Schoeny “has sought to keep the momentum going” on the project, Columbus Business First reports. Continental Real Estate plans a mixed-use development “including apartments, senior living, offices, restaurants” and space that could possibly be used as a community center, according to the article. Upper Arlington derives 57% of its budget from income and property taxes, with office space generating higher taxes, but only about 1% of land in the city is zoned for office use. Schoeny, who also lives in Upper Arlington, said outside schools and roads, the project is “our most complex community asset investment, maybe ever.” For more, read the full article.

Economic Development, State Updates

Developer investing $1.75M in two spec buildings for Piqua industrial park

The Sherry Development Company and Ferguson Construction are building “two 20,000-square-foot buildings on spec in the Paul Sherry Industrial Park” in Piqua at an estimated project value of $1,751,390, the Dayton Daily News reports. Chris Schmeising, community and economic development director for Piqua, said the build “will open opportunities for local businesses to expand or new businesses to locate in Piqua,” according to the article. The industrial park, which is zoned for industrial uses, is home to Allied Coating, Miami Valley Steel, AM Leonard Tool & Supply and Atlantis Sportswear, among others. For more, read the full article.

Economic Development, State Updates

“Landmark” Arlington Gateway mixed-use development scheduled to begin work

Demolition in advance of construction of the “landmark development” Arlington Gateway project on Lane Avenue is scheduled to begin in February 2021, with “deep foundation work” planned the following month, ThisWeek Community News reports. Arlington Gateway will create 225 luxury apartments, office space, retail and restaurant space, and a seven-story parking garage, according to the article. Steve Schoeny, Upper Arlington city manager, calls the project “a rare opportunity . . . and a significant development accomplishment for the city.” Current projections indicate the site will generate approximately $500,000 in annual income tax, with expected increases over time. For more, read the full article.

Economic Development, State Updates

Second downtown Dayton investment fund created to fill funding gaps

The newly created Downtown Dayton Investment Fund 2 (DDIF2) has launched “to help businesses, developers and entrepreneurs fill in funding gaps for real estate development and tenant improvements,” the Dayton Daily News reports. DDIF2, which has already raised “nearly half of its $5 million goal,” will support “catalytic projects by offering expanded financial tools, such as debt loan products and tenant improvement assistance,” and is intended to complement the original fund, according to the article. Officials said DDIF2 “will be able to help surrounding working-class neighborhoods and areas near downtown that the city of Dayton has targeted for redevelopment.” For more, read the full article.

Economic Development, Project Finance, State Updates

Cincinnati Business Courier’s 20 projects that will reshape Greater Cincinnati

While many development projects were put on hold in 2020 due to the pandemic, “developers and businesses remain bullish on the Greater Cincinnati regions,” the Cincinnati Business Courier reports. The Courier selected 20 projects “that will reshape the region” including five “that will have the greatest impact in 2021” based on the level of change they will bring, according to the article. Among these are Cincinnati Children’s Hospital’s $90 million investment in a 164,000-square-foot building “to improve mental and behavioral health services for children and teens” and Purina’s $550 million investment in a new dry pet food facility (see our November 9, 2020 blog post). One of the largest private investments, Trinitas Ventures and Crawford Hoying’s $420 million joint venture to develop the District at Clifton Heights, will reshape a neighborhood next to the University of Cincinnati with student and senior housing, hotel rooms, commercial space and parking. For more, read the full article.

Economic Development, State Updates
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