Everything posted by buildingcincinnati
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Cincinnati: GE Aerospace
Link contains photos. From the 5/22/07 Enquirer: Blue skies ahead GE Aviation plans $90 million expansion BY ALEXANDER COOLIDGE | [email protected] PEEBLES, Ohio - GE Aviation announced Monday that it will spend $90 million over the next three years to expand its test operations here. The Evendale-based aircraft engine manufacturer said it will add new jet-engine assembly and testing sites to handle the growing engine production and development activity at the nearly 7,000-acre complex that employs 250. Among the additions: Read more here: http://news.enquirer.com/apps/pbcs.dll/article?AID=/AB/20070522/BIZ01/705220358/
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Cincinnati: GE Aerospace
From the 5/4/07 Cincinnati Business Courier: GE Aviation finalizes Smiths Aerospace buy Cincinnati Business Courier - May 4, 2007 GE Aviation's acquisition of a British aerospace firm, announced in January, has been completed, the company said Friday. Read more here: http://cincinnati.bizjournals.com/cincinnati/stories/2007/04/30/daily57.html?surround=lfn
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Cincinnati: GE Aerospace
Link contains a photo. From the 4/25/07 Enquirer: GE Aviation joins biofuel project Boeing and Virgin Atlantic part of development team THE ENQUIRER | AND ENQUIRER NEWS SERVICES General Electric Aviation will team with aircraft maker Boeing and an arm of British-based Virgin Atlantic Airways to develop and test a new biofuel to power jet engines. Read more here: http://news.enquirer.com/apps/pbcs.dll/article?AID=/20070425/BIZ01/704250341/1076/rss01
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Cincinnati: GE Aerospace
From the 4/13/07 Cincinnati Business Courier: Aviation growth helps push GE profits Cincinnati Business Courier - April 13, 2007 General Electric Co. upped its first-quarter earnings by 8 percent over last year's results, fueled by double-digit growth in its infrastructure segment, including GE Aviation. The Fairfield, Conn.-based company posted first-quarter earnings of $4.5 billion, or 44 cents per share, matching analysts' expectations. In first-quarter 2006, GE had earnings of $4.4 billion, or 42 cents per share. Read more here: http://www.bizjournals.com/cincinnati/stories/2007/04/09/daily48.html?from_rss=1
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Cincinnati: GE Aerospace
From the 3/22/07 Cincinnati Business Courier: Orders for GE's new jet engine top $10B Cincinnati Business Courier - March 22, 2007 The GEnx jet engine being developed by GE Aviation has a backlog of orders worth $10 billion, and it isn't even in production yet. GE Aviation said in a news release that 830 engines have been ordered by 28 customers so far. First Choice Airways, a British charter airline, placed the most recent order, for $125 million in engines to power four Boeing 787 Dreamliner aircraft. Read more here: http://www.bizjournals.com/cincinnati/stories/2007/03/19/daily37.html?from_rss=1
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Lorain County Discussion
From the 5/22/07 PD: Lorain sheriff halts township program Crowded jail forces deputies to be reassigned Tuesday, May 22, 2007 Mark Puente Plain Dealer Reporter Elyria - A crowded jail has led the sheriff to suspend a program that provides dedicated protection to about 67,000 residents in rural Lorain County. Sheriff Phil Stammitti told township trustees last week that four deputies in the 11-year-old Community Oriented Policing program have been reassigned to road patrol. Deputies in the COP program patrol townships and work from substations around the county. They investigate burglaries, serve sex-offender notifications and attend township meetings to hear concerns from officials and residents. To reach this Plain Dealer reporter: [email protected], 440-324-3773 http://www.cleveland.com/news/plaindealer/index.ssf?/base/lorain/1179822662246080.xml&coll=2
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Lancaster: Developments and News
From the 5/22/07 Lancaster Eagle-Gazette: New Target Superstore to be built on Ety Road By CARL BURNETT JR. The Eagle-Gazette Staff [email protected] LANCASTER - A Target Superstore is coming to Lancaster and could be opened by the end of the year. News concerning the construction of the store came during a zoning hearing on a piece of property during Monday night's Lancaster City Council meeting. Ety Pointe Centre is where the new Wal-Mart, Menards Home Improvement Center and Kohls department store is being built. Brahm said the Giant Eagle store would have 85,000 square feet and the new Target Superstore would have 126,000 square feet. "The entire shopping center will have 1.2 million square feet," Brahm said. "In addition to the two anchors, we will also have between nine and 10 other possible separate parcels that can be developed into restaurants and other businesses." Full story at http://www.lancastereaglegazette.com/apps/pbcs.dll/article?AID=/20070522/NEWS01/705220321/1002/rss01
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UrbanOhio Cincinnati Meet 2007 - May 26th
June is probably best. July and August are likely to be ungodly hot. I don't want to walk several miles when its 90. I'm a baby that way.
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Ohio Immigration
PHOTO: Manuel Gutierrez, 7, sits draped in an American flag atop his uncle Edgar Gutierrez’s shoulders as immigrant protesters fly the Mexican flag Monday on Painesville Square. Michael Blair/[email protected] Marching to stay Mexican community hits the streets in search of support By: Sandra M. Klepach [email protected] 05/22/2007 Rosa Maria Martinez stood on the steps of Painesville's gazebo Monday evening to tell her story, in tears, to anyone who would listen. She speaks only Spanish, but roughly 300 listeners already knew the language. Waving equal numbers of American and Mexican flags, Painesville's strong-willed Latino community marched the streets Monday to denounce door-to-door raids that snatched up a number of illegal immigrants, including Martinez, Friday. The crowd walked from St. Mary's Catholic Church on North State Street to Painesville's gazebo, stretching the entire length of the courthouse side of the square. Early Friday, armed officers of the U.S. Immigration and Customs Enforcement agency began seeking out 15 to 18 individuals who had not complied with deportation orders, Painesville Police Sgt. Eric Miller said. MORE: http://www.news-herald.com/site/news.cfm?newsid=18371087&BRD=1698&PAG=461&dept_id=21849&rfi=6
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Ohio: GM, Ford, and Chrysler News & Info
From the 5/22/07 DDN: Delphi may close Moraine facility Union official believes the site will be closed by September and its work will be transferred to Mexico. By Thomas Gnau Staff Writer Tuesday, May 22, 2007 MORAINE — Union leader Willie Thorpe believes the Delphi auto compressor plant off Kettering Boulevard will be closed by September, once work there is transferred to Mexico, he said. "They (Delphi) have been telling us we don't have a chance for that site at all," Thorpe said Monday. Since September, Thorpe, chairman of the International Union of Electronic Workers-Communication Workers of America's Automotive Conference Board, has expected Delphi to close its plant at 3535 Kettering Blvd. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2007/05/22/ddn052207delphi.html From the 5/22/07 Warren Tribune Chronicle: GM talks remain on hold By LARRY RINGLER Tribune Chronicle LORDSTOWN — Contract talks between local union and plant officials at the General Motors Corp. Lordstown Complex remain on hold while issues are discussed at higher levels, a local union leader said Monday. ‘‘There are no meetings at all. Everything’s in a pattern of anticipation,’’ United Auto Workers Local 1112 President Jim Graham said. Graham said the only thing local union leaders know is that UAW International and GM corporate bargainers are working on critical issues that have to be resolved at the upper levels. ... [email protected] http://tribune-chronicle.com/articles.asp?articleID=18360
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Ohio ethanol production
From the 5/22/07 Marion Star: Grant targets work for Dual Rail park ethanol plant By JOHN JARVIS The Marion Star MARION - CAN DO! will receive a $1 million state grant that would improve the Dual Rail Industrial Park to support an ethanol production facility planned at the park by a California company. The State Controlling Board on Monday announced that CAN DO!, the economic development arm of the city and county, will receive the Rapid Outreach Grant to make improvements to rail infrastructure and install a natural gas main along the Northwest Industrial Connector Road that would link Ohio 95 West and Marion-Williamsport Road. http://www.marionstar.com/apps/pbcs.dll/article?AID=/20070522/NEWS01/705220325/1002/rss01
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Dayton: Random Development and News
From the 5/22/07 DDN: Dye building sold, renovations planned By Staff reports Tuesday, May 22, 2007 TROY — — The sale of the historic Dye building on the Public Square was completed Monday. Medallion Investments paid $440,000 for the three-story property. The city funded $380,000 of that with a 30-year, 2-percent loan. As part of the loan agreement, Medallion committed to renovating the second and third floors of the building — including installing an elevator within two years — and leasing the first floor for restaurant or retail. Medallion will make only interest payments the first year. The loan is secured by the Dye building and other Medallion properties. At the closing, the city received $166,418.50 for a 2002 loan it made to the building's former owner, Moreland Properties, to reroof and renovate the building's exterior. That 30-year loan had no interest or payments until 2032. Money for the loans came from the city's Downtown Building Repair Loan Fund, which has been used to renovate a number of downtown buildings. The money from repayments of the loans goes back into the fund for future projects. MORE: http://www.daytondailynews.com/localnews/content/oh/story/news/local/2007/05/21/ddn052207dyebuilding.html From same: Board halts zoning process Sugarcreek Twp. development put on hold while trustees revise plan. By Katherine Ullmer Staff Writer Tuesday, May 22, 2007 SUGARCREEK TWP., Greene County — The Sugarcreek Twp. Trustees voted unanimously Monday night to put a 210-day moratorium on residential rezoning and/or the platting of residential property in the township. The moratorium is to allow the zoning commission time to complete revisions on the Sugarcreek Twp. zoning resolution and comprehensive land use plan. It would not effect "vested" property owners, which include persons or firms with an approved residentially zoned and platted development or those who filed prior to the effective date of the resolution, June 22. The resolution states that the trustees desire "to promote smart growth and sensible controlled development in the township and to eliminate sprawl development." MORE: http://www.daytondailynews.com/localnews/content/oh/story/news/local/2007/05/21/ddn052207moratorium.html Apartment renovation funding OK'd Middletown Journal, 5/22/07 A proposed renovation of the Franklin Woods Apartments has cleared a financial hurdle. Franklin City Council unanimously approved an emergency ordinance for the $4.5 million renovation of the 114-unit complex through the sale of multifamily housing revenue bonds. Mike Robinette, interim finance director, said the city would be acting as a conduit for the developer who will be purchasing federal tax credits from the state of Ohio. The city would not be responsible for the developer's debt, he said. Kevin Ruf of Security Properties Inc. of Seattle, told the council the 31-year-old complex needs new windows, siding, doors, kitchen appliances, bathrooms and floors. Developers want to get another 30 years out of the complex, he said. City to discuss future for former Groby's site Dayton Business Journal, 5/21/07 More plans for the Groby's Garden Center property in Kettering will be discussed Monday night at the Kettering Planning Commission meeting. The conversations will help to move a redevelopment project forward, as public hearings will be held in June, said Ron Hundt, city planner. Plans call for the 8-acre property to become a commercial area with five or six buildings. The new project is called Charlotte Gardens. The commission likely will review final plans by July. The planning commission tonight will talk about access easements, the location of plantings and the type of pavement that will be used. Groby's is a long-time Kettering garden center that closed in 2005. Crowd helps break ground for education center Urbana Daily Citizen, 5/21/07 A standing-room only crowd showed up at Cedar Bog Nature Preserve on Sunday for the Ohio Historical Society's ground-breaking ceremony for the bog's new Education Center. "It's a day we have dreamed of and anticipated for a very long time," Ohio Historical Society Executive Director and CEO Dr. William Laidlaw Jr. said. His sentiment was repeated throughout the ceremony. Melanie Pratt, president of the Cedar Bog Association, said the long-awaited ceremony was the culmination of a lot of hard work by a lot of people, and it marks the start of a lot more new work. Pratt acknowledged the work of one individual in particular, former Cedar Bog Manager Terry Jaworski, who passed away in March of 2005.
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Zanesville / Muskingum County: Developments and News
From the 5/22/07 Zanesville Times Recorder: Kensington Village under way with ground breaking By BRIAN GADD Staff Writer ZANESVILLE - Local officials joined company officials with Mid-Ohio Development Corp. of Groveport for a groundbreaking Monday morning for the Kensington Village condominium and apartment development near the intersection of Northpointe and Fairview roads. Larry Parr, Mid-Ohio vice president, said earlier this year the sprawling 260-unit development, estimated to be a $16 million to $17 million investment, will be similar in appearance to the Colony Hill condominiums - also a Mid-Ohio project - along Ohio 60 across from the NorthPointe Center. Roney Murphy, Mid-Ohio's president, said Mayor Howard Zwelling, city council and staff and Port Authority Director Jerry Nolder had been supportive of the venture, the company's newest residential development. MORE: http://www.zanesvilletimesrecorder.com
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Cincinnati: Random Development and News
buildingcincinnati replied to buildingcincinnati's post in a topic in Southwest Ohio Projects & ConstructionFrom the 5/22/07 Kentucky Post: Fort Thomas reviews project plans By Joseph Szydlowski Post staff reporter Four consultants presented their estimated $4.6 million dollar streetscape plan for Fort Thomas' Midway District to city council Monday, a project that would create more parking and a square honoring the city's namesake. Backers said the plan should tie into any future efforts to establish a National Historic District that focuses on the former military compound from which the city sprung. The Midway District - defined as South Fort Thomas Avenue between Green Street and Grandview Avenue - grew up as a commercial area to serve the fort. "We had to get our mind around what's in the Midway District," said Jim Warner, one of the consultants. "We had a team physically measuring parking spaces." The lack of parking spaces was one of the design team's focuses because, Warner said, it hurts businesses. It proposed a new city square, which would have plentiful parking spaces and several statues, including one of George H. Thomas, the general for whom the fort and town is named. MORE: http://news.cincypost.com/apps/pbcs.dll/article?AID=/20070522/NEWS02/705220365/1014/NEWS02 Carroll asks for new funds to re-design failed YMCA Loveland Magazine, 5/21/07 Loveland City Manager, Tom Carroll has recommended that City Council proceed with the re-design of the failed YMCA. In a memo dated May 15, Carroll recommends that Council allow him to use “contingency funds in the Income Tax Fund or some other source of funding for these additional services.” At the last council meeting, which happened to fall on same day that voters went to the polls and defeated a increase in the income tax to build a YMCA in Loveland, and before votes were counted; Council hired Champlin/Haupt Architects to design the facility. Now Carroll wants Council to spend additional money with the firm to “assist the City in any design charettes, facilitated sessions, and conceptional redesigns for the recreation center.” Carroll explained in the memo that the City does not have funds in the 2007 Budget for additional services. The memo also lays out a path Carroll suggests will lead to putting the issue before the voters again in November. UC completes another Habitat home News Record, 5/21/07 Volunteers, friends, neighbors and one very special family gathered this past Saturday to celebrate the completion of a new home in Avondale. After a year of waiting and working, the Muianga family is now able to enjoy a brand new home thanks to funding from the University of Cincinnati, Habitat for Humanity, Messer Construction, Fifth Third Bank and a number of volunteers. "Before you know it, a neighborhood will be transformed," said Tom Salzburn, executive director for the Cincinnati Habitat for Humanity. "We're here today to celebrate with the Muiangas as they become one step closer to home ownership. Our hope is to impact not only their family, but the community. We build houses, but we also build families and communities." Construction on the home began in early September when a group of first-year UC Honors Scholars started work at the site two weeks before the Fall Quarter got underway as part of their service-learning English class. They continued work throughout the school year with UC student volunteers, spending Saturdays working at the site with the new homeowners.
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Youngstown-Warren: Random Development and News
buildingcincinnati replied to YtownNewsandViews's post in a topic in Northeast Ohio Projects & ConstructionFrom the 5/22/07 Youngstown Vindicator: Group pursuing Mosquito lodge, waterpark The city got a state grant to replace playground equipment at Willow Park. By TIM YOVICH VINDICATOR TRUMBULL STAFF CORTLAND — Supporters don't yet know whether it would be legal to build a lodge and water park on Mosquito Lake, but they want money to continue the effort. Mayor Curt Moll told city council Monday night that he will ask council to approve giving $5,000 in city funds to pay part of the cost. http://www.vindy.com/content/local_regional/288942609054693.php From same: Resident questions legality of Route 422 rezoning A Sycamore resident says property owners were not notified of the rezoning. By WILLIAM K. ALCORN VINDICATOR STAFF WRITER CAMPBELL — A Sycamore Drive resident is demanding that the city produce records of a public hearing for the rezoning of property on the south side of U.S. Route 422 between Sycamore and Struthers-Liberty Road. The property is owned by Campbell businessman Mike Kerpelis, who Mayor John Dill says plans to spend $5 million to develop it. http://www.vindy.com/content/local_regional/288942619239208.php Committee, Chamber working toward goal to refurbish downtown Columbiana Salem News, 5/22/07 They're almost halfway there, as slowly but surely members of the Columbiana Renovation, Restoration and Beautification Committee and the Columbiana Area Chamber of Commerce work toward their goal of raising $75,000 to refurbish the downtown square. "The chamber of commerce is really committed to this project," Committee Chair Roberta Myers explained, "and the committee and all the sub-committees are working diligently. These are people with generous hearts who really care about our community."
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Warren County growth
^ Interesting indeed. From the 5/22/07 DDN: Waynesville council rejects developer's plan Tuesday, May 22, 2007 WAYNESVILLE — — A Dayton developer's plan to develop 480 acres on Waynesville's southwestern edge was rejected Monday night by the Village Council. The plan by Oberer Land Developers failed although four of six voting members of the Waynesville council voted for the plan to build about 800 homes and 50 acres of commercial development on the LeMay farm, south of Ohio 73. Five votes were needed because the village planning commission split 3-3 on the plan. With one councilman abstaining and two voting against, the vote was 4-2. http://www.daytondailynews.com/localnews/content/oh/story/news/local/2007/05/21/ddn052207waynesville.html From the 5/21/07 Cincinnati Business Courier: Retail Scene Penney to take Wal-Mart site at Fields-Ertel Cincinnati Business Courier - May 18, 2007 by Lisa Biank Fasig Staff Reporter J.C. Penney is encouraged enough by the local performance of its open-air prototype stores that it is building a third in Cincinnati, up on heavily traveled Fields-Ertel Road. The store, to open in early November, will occupy the former Wal-Mart space at Governor's Plaza, sharing tenancy with Kohl's, Linens 'N Things and Office Max. The 119,000-square-foot store is expected to employ 150 to 200 people. Penney's single-story, off-mall locations are designed to appeal to harried consumers, with shopping carts, front-of-store cash registers and wide aisles. The Plano, Texas-based retailer introduced the concept in 2003 and now counts 50. http://cincinnati.bizjournals.com/cincinnati/stories/2007/05/21/newscolumn1.html
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Ohio Education / School Funding Discussion
From the 5/22/07 Hamilton JournalNews: Lakota looks to lobby for state funds By Lindsey Hilty Staff Writer Tuesday, May 22, 2007 LIBERTY TWP. — State legislators have been getting waves of post cards, e-mails and phone calls from Lakota parents, teachers and administrators about school funding. On Monday night, Lakota Local School District board members asked residents to go a step further. Whether by bus or caravan, May 29 more than a dozen concerned residents and officials will travel to Columbus to lobby legislators during school funding hearings. ... http://www.journal-news.com/n/content/oh/story/news/local/2007/05/21/hjn052207lakboe.html
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Ohio: Foreclosure News & Info
From the 5/22/07 Enquirer: Bad-loan hearing explores solutions Panel looks at Ohio foreclosures BY JON NEWBERRY | [email protected] COLUMBUS - Ohio's Foreclosure Prevention Task Force held its fourth meeting Monday in what was billed as an opportunity for borrowers facing foreclosure or people who've been through the process to tell their stories. Instead, almost all of the 21 speakers who signed up were officials from agencies that represent borrowers or businesses involved in mortgage lending - and all had an opinion on how to stem foreclosures in Ohio. Mark Lawson, a senior attorney for the Legal Aid Society of Southwest Ohio, told the panel that his organization has so many people calling for help with mortgage-related problems that it can't begin to handle them all. ... More at: http://news.enquirer.com/apps/pbcs.dll/article?AID=/20070522/BIZ01/705220357/1076/BIZ
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Cincinnati Public Schools: Development and News
Closing down effective schools, mass layoffs...yeah, this is good. Cincy schools lay off 100 Instructors' assistants take brunt of releases BY BEN FISCHER | [email protected] The most recent victims of layoffs in Cincinnati Public Schools are the school workers who sometimes make the difference between an orderly classroom and a disruptive learning environment, parents and teachers say. Monday, the Board of Education approved an additional 100 job cuts as the district continues to shed expenses amid financial troubles. Seventy-nine instructors' assistants were let go, along with 13 clerical support specialists and eight school-community liaisons. http://news.enquirer.com/apps/pbcs.dll/article?AID=/AB/20070522/NEWS0102/705220384/
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Dayton: "Downtown's just fine."
From the 5/14/07 Dayton Business Journal: GRAPHIC: Changes: More than 65 percent of people surveyed by the Downtown Dayton Partnership report that downtown is the same or better than it was three years ago. The Dayton Dragons and potential $230 million waterfront project are reasons for optimism. ASHLEY NEHLS DBJ Downtown Perception Study points to optimism in downtown Dayton Dayton Business Journal - May 11, 2007 by Yvonne Teems DBJ Staff Reporter Matt Hutman has worked in downtown Dayton for a year as a technology recruiter. He and his wife, a lawyer, both have jobs in Fifth Third Center at Main and Second streets. As a kid growing up in Beavercreek, Hutman said he remembers coming downtown once for an arts event. But now, he's here everyday. He parks in First Street Garage, eats at Swisher's and sits on Courthouse Square at lunch time, enjoying the sun and socializing with colleagues. Read More...
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Dayton: "Downtown's just fine."
From the 4/26/07 Dayton Business Journal: Area leaders gather for town hall forum on downtown Dayton Dayton Business Journal - April 26, 2007 by Yvonne Teems DBJ Staff Reporter Government and business officials gathered Thursday morning to discuss how new projects, a good business environment and workforce development all play roles in building a thriving downtown Dayton. The Town Hall meeting at Sinclair Community College was sponsored by WDTN-TV Channel 2, the Dayton Business Journal and Sinclair. It featured a panel of speakers consisting of Dayton Mayor Rhine McLin; J.P. Nauseef, president and chief executive officer of the Dayton Development Coalition; Debbie Lieberman, president of the Montgomery County Commission; Sandy Gudorf, president of the Downtown Dayton Partnership; Rashad Young, Dayton city manager; Phil Parker, president and chief executive officer of the Dayton Area Chamber of Commerce; and Richard Stock, director of the University of Dayton's Business Research Group. Young gave an update on the city's progress with Ballpark Village, the proposed $230 million office, entertainment, housing and retail project in downtown Dayton. He said the city is working to assemble land and expects to enter a development agreement summer or fall. Read More...
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Dayton: "Downtown's just fine."
From the 4/25/07 DDN: Downtown partnership sticks with Gudorf Group tabs its interim president to keep the job; she'll focus on existing and developing businesses. By Joanne Huist Smith Staff Writer Wednesday, April 25, 2007 DAYTON — — The Downtown Dayton Partnership's new president said she'll intensify efforts to keep and grow businesses downtown, along with making sure large developments in the works happen. The partnership named Sandra K. Gudorf president Tuesday. Gudorf, 51, has served as interim president since September, when her predecessor, Maureen Pero, resigned to become vice president of strategic management and legal affairs for CareSource Management Group. Read More...
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Columbus: Random Development and News
buildingcincinnati replied to Summit Street's post in a topic in Central & Southeast Ohio Projects & ConstructionLink contains a photo. From Business First of Columbus, 5/7/07: Condo prices may be keeping younger professionals in burbs Business First of Columbus - May 4, 2007 by Brent Wilder For Business First The perception of downtown's emerging housing market as a teeming hub for young professionals is tempered by the reality of price tags accompanying most units in new developments. While studios at Connextions Lofts downtown came on the market just a few years ago around $150,000, most new condo units are commonly starting around $250,000. And even at Connextions, located at 110 N. Third St., the asking price for a loft bedroom studio under 800 square feet has risen to $175,000. While there remain opportunities under $200,000 for younger urban homebuyers searching for an affordable mortgage payment, Helen Nilsson, sales agent with HER Real Living, says it's not uncommon to be working with first-time buyers at price points as high as $250,000. Nilsson, whose Team Nilsson represents downtown condominium development CityView at 3rd, says she does not expect future downtown housing development to add more affordable alternatives. More at http://columbus.bizjournals.com/columbus/stories/2007/05/07/focus3.html
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Columbus: Random Development and News
buildingcincinnati replied to Summit Street's post in a topic in Central & Southeast Ohio Projects & ConstructionFrom Business First of Columbus, 4/25/07: Residential contracts drop 33 percent in March Business First of Columbus - April 25, 2007 Contracts for home building in Central Ohio dropped again last month, putting the year-to-date figure 37 percent behind last year's, a monthly report showed. McGraw-Hill Construction said Wednesday plans for building single- and two-family houses and apartments were down 33 percent to $120 million, from $179 million in March 2006. The depressed housing market regionally has pushed the number of construction plans down since last year, with contracts down 25 percent for 2006. So far this year, housing construction contracts totaled $287 million, a downturn from $455.5 million reported for the same period last year. Meanwhile, nonresidential contracts - which saw a 28 percent drop in February - bounced back with a 50 percent jump in plans to $124.6 million, from $83 million a year ago. Year-to-date, commercial contracts were up by 37 percent to $311.6 million, from $228.3 million last year. McGraw-Hill's research and analytics unit compiles monthly reports on construction contracts using data from Delaware, Fairfield, Franklin, Licking, Madison, Morrow, Pickaway and Union counties. More at http://www.bizjournals.com/columbus/stories/2007/04/23/daily12.html?from_rss=1
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Columbus: Random Development and News
buildingcincinnati replied to Summit Street's post in a topic in Central & Southeast Ohio Projects & ConstructionFrom Business First of Columbus, 4/16/07: Million-dollar homes not immune to ills Business First of Columbus - April 13, 2007 by Kevin Kemper Business First Robin Bishop is trying to downsize and she's having trouble. She's trying to sell her family's nine-year-old, 4,388-square-foot house in New Albany. The asking price: $1.09 million. With three floors, five bedrooms, four full- and two half-bathrooms and a gourmet kitchen, Bishop and her real estate agent think that's a fair asking price. The number of luxury houses changing hands in Central Ohio is declining, and those residences are sitting on the market longer, according to the Columbus Board of Realtors. In Central Ohio, 89 houses sold for at least $1 million in 2005 after spending an average of 154 days on the market, while last year 85 houses costing $1 million or more were sold after being listed for an average of 180 days. More at http://columbus.bizjournals.com/columbus/stories/2007/04/16/story1.html