X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CENTERVILLE, OH-Miller-Valentine Group is looking to build mixed-use developments in the Dayton-Cincinnati area, and has already talked with the planning commission here about a project on a 68-acre property between Paragon and Sheehan roads. The company, through its Lifestyle Communities division, has discussed plans for up to 120 single-family homes, 75 condos, 60,000-sf of retail and office space and a village square section for the land. Miller-Valentine put the parcel under contract in July.

The single-family homes would range in price from $275,000 and $325,000, and the condos would start at $200,000, meaning the cost to develop the project would cost at least $47 million, with a planned opening date in early 2009. Eric Joo, VP of Lifestyle Communities, tells GlobeSt.com that numbers haven’t been crunched yet for construction costs, and the talk with the planning commission was all very preliminary.

“We attended a workshop just to throw out some ideas for what they’re really looking for,” Joo says, though he confirmed that the above plans are a starting point. But this is just one of a few sites that the company is looking to bring mixed-use to in the area. “We’re investigating to see if this site has potential, but we have two other sites that we’re looking at,” he tells GlobeSt.com, though he wouldn’t name the locations. “We believe that with the right product mix, these mixed-use developments have the opportunity to create walkable communities, where instead of a walking path that goes nowhere, you end up at an ice cream shop with the family. We’re out looking for locations that we feel that kind of development would be well-received and successful.” The company already has almost completed two single-family developments in the area, the 92-home SugarRidge in Sugarcreek Township and the 60-home StoneLake at River’s Bend in South Lebanon.

It’s not clear how well received the Centerville plan would be, as this parcel is reportedly one of the few large tracts of developable land left in this city of 23,000 people. However, the property doesn’t have the zoning to support the above components. Joo says the company will submit a rezoning application later this month.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.