Heath ‘Central Park' district earns $5.8 million Ohio tax credit for second phase
HEATH, Ohio (WCMH) — A $218 million project tasking with building a downtown district for the city of Heath can move forward with a second phase after receiving a tax credit from the state of Ohio.
New Albany-based Wallick Communities earned a $5.8 million tax credit on Jan. 27 from Ohio's Transformational Mixed-Use Development Program to build the $66 million second phase of Heath's 'Central Park' development. The project's first phase was also awarded by the program, receiving an $8.5 million tax credit in January 2024.
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Central Park is one of nine Ohio projects that the mixed-use program decided to support last month, like a development being built on the former Germain Amphitheater site near Polaris Fashion Place. Tax credits were also provided to a new Columbus tower and a project aiming to revitalize Capital Square around the Statehouse.
The Heath project's first phase is being built this year on 48 acres near Indian Mound Mall, spanning 500,000 square feet of development and including four mixed-use buildings, a community center and eight multi-family residential buildings.
Amenities will include a clubhouse with a community pool, volleyball courts, green space and recreational trail access. In addition, the mixed-use buildings will be home to 42,000 square feet of commercial retail space expected to be occupied by shops, offices, restaurants and breweries.
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Central Park's second phase will develop more than 729,000 square feet and include additional multi-family residential buildings and assisted living facilities. A public plaza and a 410,000-square-foot sports complex with soccer fields and an ice skating rink are also planned for this phase.
The Heath development is expected to create about 575 construction jobs and 376 permanent jobs at the site once completed.
Fischer Homes announced last summer it will construct 21 single-family homes off State Route 13 in Heath as part of a development named 'Linnview Crossing,' marking the first time the company has built in the city. Linnview will be a few miles away from Central Park, and will offer 10 floor plans from Fischer's 'Maple Street Collection,' which range from 1,700 to 3,000 square feet.
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