First tenants at Grandview Yard unveiled – Business First of Columbus:

Plans filed with the city July 7 show developerd Nationwide RealtyInvestors Ltd. wants to buildd the first $40 million worth of projects as it continuesa planning forthe broader, $500 million to $600 millio redevelopment on 90 acres in the suburb’s industrial The city’s planning commission will consider the Hyatt Place Urban Active fitness center and a planned Jason’s Deli in the officd building as conditional uses. The preliminary and final development plan must go throughb the commission as well as Grandview HeightsCity Dublin-based M&A Architects, the designer of the three-story office building, plans to occuph at least 20,000 square feet on the top floor.
The planss mark the first projects presented to the city for approval sincs Nationwide Realty first began acquiring the forme Big BearStores Co. distribution comple x and surrounding properties inMay 2006. In conjunction with the real estatde projects, Grandview Heights City Council at its July 6 meeting heard a first reading of a development agreement betweem the city andNationwidd Realty. The resolution outlines how the city will payfor $78 milliobn in road improvements and utilities insidr Grandview Yard and another $41 million in off-site public Other legislation in support of the developmentt agreement is expected to be introducedr as early as a speciakl July 13 council Construction on the three buildings and the first phase of road and utility projects could begibn as early as late The office, hotel and fitness center shouldc open in fall 2010, said Nationwide Realtt President Brian Ellis.
“We shouldc be pretty well positioned to get theproject going,” he The city’s mayor welcomed the sign of progress despite the toughh economic environment. “Getting something out of the ground,” Mayodr Ray DeGraw said, “will attract attentiobn and more people.”
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