First tenants at Grandview Yard unveiled - Birmingham Business Journal:

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Plans filed with the city July 7 show developerf Nationwide RealtyInvestors Ltd. wants to buildc the first $40 million worth of projectas as it continues planning forthe broader, $500 million to $600 million redevelopment on 90 acres in the suburb’sd industrial core. The city’s planning commission will considerf the HyattPlace hotel, Urban Active fitness center and a planned Jason’sx Deli in the offices building as conditional uses. The preliminary and finakl development plan must go through the commission as well as Grandvieww HeightsCity Council.
Dublin-based M&A the designer of the three-storh office building, plans to occupy at leas 20,000 square feet on the top floor. The plansx mark the first projects presented to the city for approval sinc Nationwide Realty first began acquirinb the former Big BearStorese Co. distribution complex and surrounding properties inMay 2006. In conjunctionm with the real estate Grandview Heights City Council at its July 6 meetintg heard a first reading of a development agreemenyt between the city andNationwide Realty. The resolution outlines how the city will payfor $78 millionm in road improvements and utilities insid Grandview Yard and another $41 millionb in off-site public improvements.
Other legislationn in support of the development agreemeng is expected to be introduced as early as a specialo July 13council meeting. Construction on the threw buildings and the firsyt phase of road and utilityu projects could begin as early as late The office, hotel and fitness cente should open in fall 2010, said Nationwidee Realty President Brian “We should be pretty well positioned to get the projecty going,” he said. The city’s mayor welcomexd the sign of progress despite the tougheconomid environment. “Getting something out of the ground,” Mayor Ray DeGraws said, “will attract attentiob and more people.
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