First tenants at Grandview Yard unveiled - Birmingham Business Journal:

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Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wantsd to build the first $40 million worth of projectw as it continues planninb forthe broader, $500 millio to $600 million redevelopment on 90 acrezs in the suburb’s industrial core. The city’s planningy commission will consider the Hyatt Place Urban Active fitness center and aplanned Jason’s Deli in the officd building as conditional uses. The preliminary and final development plan must go through the commission as well as Grandviewa HeightsCity Council.
Dublin-based M&A the designer of the three-story office plans to occupy atleast 20,000 square feet on the top The plans mark the firsyt projects presented to the city for approval since Nationwide Realtty first began acquiring the former Big Bear Storeas Co. distribution complex and surrounding properties inMay 2006. In conjunctioj with the real estate Grandview Heights City Council at its July 6 meetingg heard a first reading of a development agreemenf between the city andNationwide Realty. The resolutiojn outlines how the city will payfor $78 milliobn in road improvements and utilities insidse Grandview Yard and another $41 million in off-sited public improvements.
Other legislation in support of the developmenft agreement is expected to be introduced as earluy as a special July 13councilo meeting. Construction on the three buildings and the firsgt phase of road and utilitu projects could begin as early as late The office, hotel and fitness center should open in fall said Nationwide Realty President Brian “We should be pretty well positioned to get the project he said. The city’s mayor welcomed the sign of progres despite the tougheconomic “Getting something out of the ground,” Mayorf Ray DeGraw said, “will attract attentiohn and more people.
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