Latest news with #GermainAmphitheater
Yahoo
07-02-2025
- Business
- Yahoo
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. Butcher shop known for wine bar, Ohio-raised beef closes after one year 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. Bexley honors local Black leaders through annual banner program 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. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
06-02-2025
- Business
- Yahoo
24-story Columbus tower with grocer receives $4.5 million Ohio tax credit
COLUMBUS, Ohio (WCMH) — Demolition is expected to begin this spring to make way for a new mixed-use Columbus tower that recently earned a tax credit from the state of Ohio. Bluestone Brothers Development was awarded a $4.5 million tax credit on Jan. 27 from Ohio's Transformational Mixed-Use Development Program for 'The Estrella' project. Plans call for the 24-story tower to be built on the southeast corner of East Rich and South Fourth streets, currently home to single-story buildings that will face a bulldozer. Columbus airport adding direct flight to Maine this spring The Estrella is one of nine Ohio projects that were given tax credits last month as part of the Mixed-use Development Program, including another Downtown project tasked with transforming Capitol Square by redeveloping or replacing underutilized buildings and surface parking lots. A mixed-use development being built on the former Germain Amphitheater site near Polaris Fashion Place can now move forward with additional phases after also receiving a tax credit from the mixed-use program. Costing about $122 million, The Estrella will span more than 500,000 square feet and 'add to the revitalization of the Fourth Street district corridor' with residential units, restaurants, office space, event venues, recreation spaces and a public plaza. The development will also be home to a grocery store, which aims to provide much-needed access to healthy food options in a 'food desert.' Upscale steakhouse opening first Ohio location at Easton Town Center Bluestone Brothers' previous proposal for the project called for the demolition of several-story buildings home to several businesses, including Dirty Frank's, 16-Bit and the former Red Velvet Cafe. Since then, Bluestone has altered the project to keep those storefronts in place and axed plans for a five-story commercial building that was going to take the existing businesses' space. The Estrella is expected to create approximately 1,239 construction jobs and 808 permanent jobs at the project site. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
