First tenants at Grandview Yard unveiled - Dayton Business Journal:

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Plans filed with the city July 7 show developet Nationwide RealtyInvestors Ltd. wantws to build the first $40 million worth of projects as it continues planning forthe broader, $500 millionm to $600 million redevelopmenr on 90 acres in the suburb’as industrial core. The city’s planning commissio will consider the HyattPlace hotel, Urba Active fitness center and a plannedc Jason’s Deli in the office buildinb as conditional uses. The preliminary and final development plan must go througn the commission as well as Grandvie HeightsCity Council.
Dublin-based M&A Architects, the designedr of the three-story office plans to occupy atleast 20,000 squarse feet on the top The plans mark the first projects presented to the city for approvap since Nationwide Realty first began acquiring the former Big Bear Stores Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estatee projects, Grandview Heights City Council at its July 6 meetinv heard a first reading of a developmentf agreement between the city and Nationwide The resolution outlines how the city will payfor $78 milliom in road improvements and utilities inside Grandvieq Yard and another $41 million in off-sitde public improvements.
Other legislation in support of the development agreemenf is expected to be introduced as earlyu as a special July 13council meeting. Constructiob on the three buildings and the first phase of road and utilituy projects could begin as early as late The office, hotel and fitness center should open in fall said Nationwide Realty President Brian Ellis. “We shoulde be pretty well positioned to get theprojecr going,” he said. The city’s mayor welcomedc the sign of progress despite the tougheconomivc environment. “Getting something out of the ground,” Mayor Ray DeGrae said, “will attract attentiob and more people.
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