Monday, August 22, 2011

$223M Mixed-Use Development Planned for Huber Heights

Huber HeightsDeveloper 201 Corridor Management LLC had its plans for a multimillion dollar retail, entertainment and office complex in Huber Heights, Ohio approved this past Friday according to a Columbus Business Journal article.

"The 150 acre site plan just north of the intersection of I-70 and State Route 201 will be populated with high-end, first class retail tenants, similar to developments in the Dublin area near Columbus," said Gary Adams, Huber Heights City Manager. William Jump, a 201 Corridor Management partner, said the project "will be a visionary, green, and open spaced, mixed-use development, and will make it unique in the greater Dayton area."

The complex, called "The Heights," is part of the 201 Corridor Project in Huber Heights and it is expected to create 2,175 jobs, including 200 temporary construction jobs. The Heights will encompass 167 acres and feature 750,000-square-feet of retail, restaurant, entertainment, hospitality, residential and office space according to preliminary plans. The full development plan for the development is available for review here.

According to the report, the project will be delivered in four phases:

Phase 1 — a $33.5 million development featuring 30,000 square feet of inline neighborhood space, a 50,000-square-foot 10-screen movie theater, a 7,500-square-foot restaurant, two 2,500-square-foot drive-thru restaurants and two 32,000-square-foot retail stores;

Phase 2 — a $70.6 million development featuring two 110,000-square-foot retail stores, four 32,000-square-foot retail stores, two 7,500-square-foot sit-down restaurants and two 5,000-square-foot neighborhood sit-down restaurants;

Phase 3 — an $87.8 million development featuring a 172,000-square-foot hotel and convention center, an 80,000-square-foot limited service hotel and three 75,000-square-foot office buildings; and

Phase 4 — a $31.7 million development featuring three 75,000-square-foot office buildings.

For more news and information visit Blumberg Capital Partners.

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