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Middletown's East End Focus for developers
There's allot going on at Exit #32, Middletown - For starters the
Middletown Regional Hospital will be relocating as well
as develop a
new 200-acre “health and technology” campus. Then there is the
Renaissance Master Planned Community of luxury
upscale housing, condominiums, and professional office campus is already
moving ground.
Other properties and or facilities located directly off of
I-75 @ exit #32 can be found on our
Available Sites page highlighted by I-75
Copyright © 2005 Middletown
Economic Development Corporation. All rights reserved. |
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$300M
development planned in Butler Great Midwest Development is spearheading a $300 million development in Middletown, several years in the making Featuring a vision of more than 500 upscale homes south of Ohio 122 and east of Interstate 75, the company said last week. Andrew Vecellio, a partner in Cincinnati-based Great Midwest, promised a collection of “upscale, luxury homes” such as “Middletown has never seen”. “It’s going to be an extraordinary development,” Vecellio said. Larry Wood, director of Middletown Economic Development Corp., said he and city staff members have worked for more than three years. Wood is a former city planner.“I don’t think we’ve ever seen anything quite as comprehensive,” Wood said. The development, called Renaissance, will have condominium, townhouses and about 1.5 million square feed of professional office space as well as detached single-family homes priced from $200,000 to $500,000, Vecellio said. Also integral to the project will be walking trails and “pocket parks,” Vecellio said. Veteran developer and builder Allen Zaring is a
partner in Great Midwest, a limited liability company that has
contracted to acquire about 250 acres adjacent to new Fenwick High
School being build south of Ohio 122 in the Hunter area of Franklin
Twp., Great Midwest officials Said.
Upscale homes planned
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 Middletown's East End Focus for developers By Craig J. Heimbuch Journal Staff Writer Email: cheimbuch@coxohio.com Middletown Regional Hospital's decision to move to east of Interstate 75 might be a driving force in the city's economic future, but it will certainly not be the lone large scale development in the East End, area economic observers say. The Ohio 122 corridor near Union Road stands to be the new corporate hub of Middletown, if all goes to plan, said Larry Wood, executive director of the Middletown Economic Development Corp. Changes in the city's zoning code for the East End of town will limit commercial development to certain types of businesses, namely office and light manufacturing. Wood said that, ideally, the area will be built up by "primary employers," meaning those businesses whose products or services are marketed outside the city. Retail does not fit well with the vision for this area, he said. Whether businesses that develop in the area are directly related to Middletown Regional Hospital is less important, Wood said, than whether the companies diversify and add value to the city's business community. So who owns what near the hospital property? SHERRY OAKES, president of Design Homes and Development, said she'd be willing to consider any proposal, but is not ready to rush developing the 86 acres owned by her company. Located on the west side of Union Road and north of Ohio 122essentially, across Union from the planned hospital project Oakes said her company is clearing the land for future development, but has no definite plans for construction. She added that it is not necessary that her company wait for the hospital to develop its property, but having the hospital across the street will most likely add to her property's appeal. Another 30 acres of commercial land on the south side of Ohio 122, east of Union Road, is held in a trust by Bank One in Columbus. Charles Rowland, a representative of the bank, declined to reveal any information about the land or possible intentions to develop it. "People put property into trusts to keep it private," Rowland said. "And as trustees we do just that." One property owner that has no intention of keeping their intentions private is the Great Midwest Development Group. Andrew Veccelio, a partner in the firm, and spokesman, said his group is ready to begin the commercial phase ofits Renaissance development on the southeast corner of Ohio 122 and Union Road as soon as it can get planning approval. "We're moving full throttle," Veccelio said. "We're not waiting for the hospital." Great Midwest has about 80 acres of property planned for use in commercial development. The majority, roughly 65 acres, is designated for large scale "corporate headquarters" types of buildings, Veccelio said, and so far there has been "some interest from a couple different companies." He did not wish to expand on how much interest, or which companies, but said the land will be used for larger corporate offices for companies interested in establishing themselves on Interstate 75 central to Cincinnati and Dayton. The other 15 acres of commercial property in Renaissance will be used for a "professional village," Veccelio said. This will be comprised of smaller 10,000 square foot — buildings designed like "office condominiums." This phase of the project already has received some attention from doctors, lawyers and other professionals interested in owning a building but not having to maintain the property, he said.
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