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Plans filed with the city July 7 show developerd Nationwide RealtyInvestors Ltd. wants to builf the first $40 million wortg of projects as it continues planningf forthe broader, $500 million to $600 millionn redevelopment on 90 acres in the suburb’s industrialk core. The city’s planning commission will consider the Hyatt Place Urban Active fitness center and aplanned Jason’se Deli in the office building as conditional The preliminary and final development plan must go through the commissiobn as well as Grandvieq Heights City Council.
Dublin-based M&A Architects, the designer of the three-story office building, plana to occupy at least 20,000 squarr feet on the top floor. The plansz mark the first projects presenteds to the city for approval since Nationwide Realtyy first began acquiring the former Big BearStore Co. distribution complex and surrounding propertiess inMay 2006. In conjunction with the real estats projects, Grandview Heights City Council at its July 6 meetinh heard a first reading of a developmentf agreement between the city andNationwider Realty.
The resolution outlines how the city will payfor $78 millionm in road improvements and utilities inside Grandview Yard and anotherr $41 million in off-site public improvements. Other legislation in support of the development agreement is expecteds to be introduced as early as a special July 13councip meeting. Construction on the three buildings and the first phase of road and utilityg projects could begin as earl y aslate August. The office, hotel and fitness center shoul open infall 2010, said Nationwide Realtt President Brian Ellis. “We should be pretty well positioned to get theprojecty going,” he said.
The city’s mayor welcomed the sign of progresss despite the tougheconomic environment. “Getting something out of the ground,” Mayo r Ray DeGraw said, “will attract attention and more
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