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Silverdome Potentially SOLD!
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By Beacon Journal staff report
POSTED: 05:17 p.m. EST, Nov 16, 2007
The Akron Planning Commission this morning gave its approval for the partial rezoning of a downtown block earmarked for a retail and housing development.
After today's 5 to 0 vote, the issue now goes before Akron City Council, where a public hearing will be held Dec. 3.
The city is rezoning the southeast corner of the block around High, East Exchange, South Main and Cedar streets and closing an alley that intersects a portion of the block.
A developer intends to bring a retail and apartment complex marketed to college students.
The project means the historic Howe House that sits at the corner of High and Exchange streets will be moved from the spot it has occupied since 1836.
Developer Martin Mehall announced his plans on the blockwide project during a joint press conference last month with Akron Mayor Don Plusquellic.
Plans call for Mehall's Richland Communities Ltd. company of Middleburg Heights to acquire land, both privately and publicly owned.
Mehall hopes to open the 450-bed apartment complex in time for the University of Akron's fall semester in 2009.
Mehall already has an agreement to purchase a strip of buildings along South Main Street, from Cedar to Exchange, from a company owned by businessman Kevin Davis. The 8-story office building at 12 E. Exchange St., also owned by one of Davis' companies, will be the block's sole survivor and incorporated into the project.
Mehall's company will acquire the other half of the block, alongside High Street where the Howe House sits, from the city of Akron.
Mehall is promising UA students a "state of the art" college living experience. Plans call for 150, four-story units in 19th century exteriors to house 450 students.
Each unit is furnished with either two, three or four beds and its own kitchen and laundry facilities. Plans call for high-speed Internet access, a central fitness center, a game room and study rooms. Rent is expected to be between $649 and $749 a month for a bedroom.
Mehall's costs are expected to approach $30 million. The units will be located above retail stores with national and regional connections, Mehall said.
Plusquellic has said the development means the Howe House, a Federal-style home built 170 years ago and the subject of a $1.5 million renovation fundraising drive, will be moved two blocks west to city land near the Ohio & Erie Canal shoreline at Water and Exchange Streets.
The Akron Planning Commission this morning gave its approval for the partial rezoning of a downtown block earmarked for a retail and housing development.
After today's 5 to 0 vote, the issue now goes before Akron City Council, where a public hearing will be held Dec. 3.
The city is rezoning the southeast corner of the block around High, East Exchange, South Main and Cedar streets and closing an alley that intersects a portion of the block.
A developer intends to bring a retail and apartment complex marketed to college students.
The project means the historic Howe House that sits at the corner of High and Exchange streets will be moved from the spot it has occupied since 1836.
Developer Martin Mehall announced his plans on the blockwide project during a joint press conference last month with Akron Mayor Don Plusquellic.
Plans call for Mehall's Richland Communities Ltd. company of Middleburg Heights to acquire land, both privately and publicly owned.
Mehall hopes to open the 450-bed apartment complex in time for the University of Akron's fall semester in 2009.
Mehall already has an agreement to purchase a strip of buildings along South Main Street, from Cedar to Exchange, from a company owned by businessman Kevin Davis. The 8-story office building at 12 E. Exchange St., also owned by one of Davis' companies, will be the block's sole survivor and incorporated into the project.
Mehall's company will acquire the other half of the block, alongside High Street where the Howe House sits, from the city of Akron.
Mehall is promising UA students a "state of the art" college living experience. Plans call for 150, four-story units in 19th century exteriors to house 450 students.
Each unit is furnished with either two, three or four beds and its own kitchen and laundry facilities. Plans call for high-speed Internet access, a central fitness center, a game room and study rooms. Rent is expected to be between $649 and $749 a month for a bedroom.
Mehall's costs are expected to approach $30 million. The units will be located above retail stores with national and regional connections, Mehall said.
Plusquellic has said the development means the Howe House, a Federal-style home built 170 years ago and the subject of a $1.5 million renovation fundraising drive, will be moved two blocks west to city land near the Ohio & Erie Canal shoreline at Water and Exchange Streets.
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