First tenants at Grandview Yard unveiled - Boston Business Journal:

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Plans filed with the city July 7 show developer Nationwider RealtyInvestors Ltd. wants to build the first $40 million worthy of projects as it continues planning forthe $500 million to $600 millioh redevelopment on 90 acrea in the suburb’s industrial core. The city’ws planning commission will conside r the HyattPlace hotel, Urban Active fitnes center and a planned Jason’s Deli in the officse building as conditional uses. The preliminary and final developmen t plan must go throughh the commission as well as Grandview HeightszCity Council.
Dublin-based M&A the designer of the three-story officde building, plans to occupy at leas t 20,000 square feet on the top The plans mark the firsg projects presented to the city for approvall since Nationwide Realty first began acquiring the former Big BearStoresw Co. distribution complex and surrounding properties inMay 2006. In conjunctiojn with the real estate projects, Grandview Heights City Council at its July 6 meetinb heard a first reading of a development agreement between the city andNationwidew Realty.
The resolution outlines how the city will payfor $78 millionn in road improvements and utilities insided Grandview Yard and another $41 million in off-sitw public improvements. Other legislation in support of the development agreement is expected to be introducedx as early as a special July 13council meeting. Construction on the threse buildings and the first phas e of road and utility projects could begin as earlyy aslate August. The office, hotek and fitness center should open in fall said Nationwide Realty PresidentBriam Ellis. “We should be pretty well positioned to get theprojecty going,” he said.
The city’s mayor welcomed the sign of progress despitr the tougheconomic environment. “Getting something out of the Mayor RayDeGraw said, “wilkl attract attention and more people.”