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Akron: Random Development and News

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If the owner is only making partial payments on overdue utilities and the property taxes are behind as well, one has to assume for the moment that they're just trying to hold onto it until they can sell it and have no real plans for a turnaround in its current form (i.e., as an enclosed retail shopping center).

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22 hours ago, Gramarye said:

If the owner is only making partial payments on overdue utilities and the property taxes are behind as well, one has to assume for the moment that they're just trying to hold onto it until they can sell it and have no real plans for a turnaround in its current form (i.e., as an enclosed retail shopping center).

 

The company that currently owns the mall is known for doing this all over the country. They buy "dead" malls. I assume they hope that someone like Amazon will want the land and they can profit. I also assume if that happens 1 out of 5 times, for instance, they are in the black.

 

I was talking to someone yesterday who was actually mad that the "City" was basically trying to get them to close. Obviously there are a lot of parts to this equation and it's not the city's fault that someone isn't paying their water bill. The power is due to a private company and the taxes are due to the county. But this is the thought of the average person.

 

Ultimately though, the county or city would come to posses it if it went into foreclosure they would be on the hook to demolish it. This is what happened at Rolling Acres / new Amazon.

 

I was thinking about what could repurpose it as well. My unfortunate thought was a Walmart with grocery. I'm not sure how much more retail the area can support. I noticed recently that the Walgreens, that is in a new strip mall with other new retailers, closed.

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This Chapel Hill location, sitting as high as it does, would be an excellent location for a municipal wind/solar power farm developed privately or by Akron to sell electricity. The Rolling Acres land would have had the same opportunity because of its position but the use by Amazon was a better fit.

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As other shopping malls decline, Summit Mall thrives

FAIRLAWN - As customers have shifted from shopping in person to shopping online, malls have suffered.

 

https://cl.s7.exct.net/?qs=75cde601fd1fe016018ae499ce5b546f821aa86a894e7bcea78dec8fb0ec3284b209b49f2769d3d0bc2d39e29238f0e09a90eb5c4922dbb9

 

J.C. Penney to close store at Akron’s Chapel Hill Mall in April

Updated Jan 17, 2020;Posted Jan 17, 2020

By Robin Goist, cleveland.com

AKRON, Ohio -- Amid the Chapel Hill Mall’s financial troubles, its last remaining anchor store is set to close on April 24.

J.C. Penney decided to close the Akron store as part of an annual review, company spokeswoman Kristen Bennett said in a statement.

 

https://www.cleveland.com/business/2020/01/jc-penney-to-close-store-at-akrons-chapel-hill-mall-in-april.html

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10 minutes ago, yanni_gogolak said:

As other shopping malls decline, Summit Mall thrives

FAIRLAWN - As customers have shifted from shopping in person to shopping online, malls have suffered.

 

https://cl.s7.exct.net/?qs=75cde601fd1fe016018ae499ce5b546f821aa86a894e7bcea78dec8fb0ec3284b209b49f2769d3d0bc2d39e29238f0e09a90eb5c4922dbb9

 

J.C. Penney to close store at Akron’s Chapel Hill Mall in April

Updated Jan 17, 2020;Posted Jan 17, 2020

By Robin Goist, cleveland.com

AKRON, Ohio -- Amid the Chapel Hill Mall’s financial troubles, its last remaining anchor store is set to close on April 24.

J.C. Penney decided to close the Akron store as part of an annual review, company spokeswoman Kristen Bennett said in a statement.

 

https://www.cleveland.com/business/2020/01/jc-penney-to-close-store-at-akrons-chapel-hill-mall-in-april.html

Being a Clevelander I have only been to Summit Mall 3-4 times in my life.  A couple of months ago I had to go there to pick something up for my sister who lives in Hudson.  It was late afternoon on a Saturday with a ton of very important college games on.  I was shocked how crowded it was.  I had to park at the edge of the parking lot and I cannot tell you the last time I had to do that at any shopping center.  Also was surprised by the retail mix.  It clearly is doing well and I sure it benefits from being in the center of some pretty good demographics.

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10 minutes ago, Htsguy said:

Being a Clevelander I have only been to Summit Mall 3-4 times in my life.  A couple of months ago I had to go there to pick something up for my sister who lives in Hudson.  It was late afternoon on a Saturday with a ton of very important college games on.  I was shocked how crowded it was.  I had to park at the edge of the parking lot and I cannot tell you the last time I had to do that at any shopping center.  Also was surprised by the retail mix.  It clearly is doing well and I sure it benefits from being in the center of some pretty good demographics.

 

Yes, I think that is something that is overlooked when thinking about why malls fail / survive now. Although, isn't Beachwood Place not doing too well?

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Summit Mall would do well to attract an H&M, Zara or Uniqulo.  I don't shop at any of those stores (except Uniqulo for socks), but they do bring people in.

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3 minutes ago, jeremyck01 said:

Summit Mall would do well to attract an H&M, Zara or Uniqulo.  I don't shop at any of those stores (except Uniqulo for socks), but they do bring people in.

Agreed. There isn't an H&M close to the area. I personally love shopping there, and every time I go to a store it's pretty crowded.

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On 1/20/2020 at 5:30 PM, tastybunns said:

To this day I always check this thread to see if Akron gets a new addition to the skyline. Keep pushing guys!

 

We're still working on trying to not having buildings demolished and renovating the vacant ones for occupancy. I don't know why, but Akron has seemed to lag behind the other metro's in Ohio in their downtown redevelopment.

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New seafood eatery, plaza renovations set to help boost retail area near Chapel Hill Mall

From the Akron Beacon Journal: A new seafood restaurant is set to open this year in a space previously home to an Outback Steakhouse near the struggling Chapel Hill Mall. It’s a positive move for the shopping plaza where the new restaurant — called A+ Crab — plans to open, as well as the larger retail area near the mall, noted Nichole Booker of SVN Summit Commercial Real Estate Group LLC.

 

https://www.beaconjournal.com/news/20200121/new-seafood-eatery-plaza-renovations-set-to-help-boost-retail-area-near-chapel-hill-mall?utm_source=akron-morning-roundup&utm_medium=email&utm_campaign=20200122&utm_content=article12-readmore

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Smucker’s donates $1 million to LeBron James Family Foundation for gym, family center at Akron’s I Promise School

Posted Jan 23, 2020

By Robin Goist, cleveland.com

AKRON, Ohio – The J.M. Smucker Company on Thursday announced a $1 million donation to the LeBron James Family Foundation to support the development of a gym and family center at Akron’s I Promise School.

Construction is slated to begin this year on the so-called “HomeTown Hall” on the school’s campus on West Market Street in Akron’s West Hill neighborhood, the foundation said in a news release.

 

https://www.cleveland.com/akron/2020/01/smuckers-donates-1-million-to-lebron-james-family-foundation-for-gym-family-center-at-akrons-i-promise-school.html

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Akron city leaders pledge $3 million to revitalize Summit Lake

By Doug Livingston
Beacon Journal

Posted Jan 27, 2020 at 8:17 PM

Akron City Council has endorsed a more than $10 million plan to equitably redevelop one of the city’s most scenic and disinvested assets — Summit Lake.

With no opposition or need to hold a second reading next week, the same-day approval of the Summit Lake Vision Plan on Monday sent a clear message to private funders and government grant programs that the city is enthusiastically behind the redevelopment plan curated by local community advocates and residents.

 

https://www.beaconjournal.com/news/20200127/akron-city-leaders-pledge-3-million-to-revitalize-summit-lake

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There's a ton of potential for the Summit Lake and Kenmore area of Akron. I hope to see some a lot of revitalization in that part of the city. Having a lake like that in the city is definitely an asset that should be taken advantage of!

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On 2/10/2020 at 12:07 PM, Dblcut3 said:

There's a ton of potential for the Summit Lake and Kenmore area of Akron. I hope to see some a lot of revitalization in that part of the city. Having a lake like that in the city is definitely an asset that should be taken advantage of!

 

Agreed, the issue is we are now living with the damage that previous industrial companies have caused to it.

It is a great asset though, even if only to look at.

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Akron community gardeners plant idea to open kitchen in Summit Lake

A nonprofit operator of community gardens in Akron is exploring the concept of opening its own kitchen near Summit Lake to feed the neighborhood and meet increased demand for production.

https://www.beaconjournal.com/news/20200216/akron-community-gardeners-plant-idea-to-open-kitchen-in-summit-lake?utm_source=SFMC&utm_medium=email&utm_campaign=Akron Beacon Journal daily 2020-02-17&utm_content=GTOH_ABJ&utm_term=021720

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Neighborhood Watch: Akron's Cascade Valley is bridging city's past and potential future

February 16, 2020 04:00 AM updated 2 hours ago

Dan Shingler

 

"We have plans to continue this development at North and Howard with another 24 units we'll be putting atop a parking garage," he said.

He's also looking to build on land that he owns across Howard Street.

"That's slated for 40 units on top of 25,000 square feet of mercantile space: retail, restaurants banking, all sorts of mixed-use," Troppe said.

 

https://www.crainscleveland.com/akron-news/neighborhood-watch-akrons-cascade-valley-bridging-citys-past-and-potential-future

 

 

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Akron uses new law to reject latest discount store proposal

From the Akron Beacon Journal: Citing a new local law that prevents discount stores from flooding Akron neighborhoods, council rejected another Dollar General on Monday, Feb. 24. But the vote was not unanimous. Councilwoman Tara Samples broke with her colleagues, saying that planning staff failed to notify residents in her neighboring city ward who may lack transportation and would benefit from another retail option. The proposed location was 1,400 feet from an existing Family Dollar on Arlington Street near Dave’s Market. A law passed in the fall prohibits new dollar stores within 2,500 feet of existing ones.

 

Article

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April 05, 2020 04:00 AM

New Amazon distribution site spurs apartment developments in Akron

Dan Shingler

 

To build more than 160 apartments for future Amazon workers in Akron, a Richfield builder and developer is using the same modular construction techniques that allowed China to erect a 1,000-bed hospital in just 10 days.

He's also willing to take the apartment building now under construction apart if someone here needs the modular units he's using for a health care facility in response to the COVID-19 crisis, said Todd Tober, president of Tober Building Co.

 

https://www.crainscleveland.com/real-estate/new-amazon-distribution-site-spurs-apartment-developments-akron

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Akron approves $2.5 million Penske truck center at former Donzell’s Garden Center

Posted May 19, 9:08 AM

By Robin Goist, cleveland.com

AKRON, Ohio – City Council has given permission to the Penske Truck Leasing company to build a $2.5 million truck rental and sales center on the former Donzell’s Garden Center property that is expected to employ 32 people.

Harrisburg, Pennsylvania-based Penske Truck Leasing Co., LP, had an option to purchase the vacant 10.3-acre garden center property, pending the city’s approval, Mike Antenucci, Akron’s Zoning Manager, told council Monday.

 

https://www.cleveland.com/business/2020/05/akron-approves-25-million-penske-truck-center-at-former-donzells-garden-center.html

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These two projects were awarded 2020 Housing Tax credits in Summit County:

- I PROMISE Housing (Affordable Housing credits - New Affordability: Urban Opportunity Housing)

- New Frontier Homes (Service Enriched Housing credits) https://ohiohome.org/ppd/proposals/2019/PSH/NewFrontierHomes.pdf

https://ohiohome.org/news/releases/2020/taxcreditawards.aspx

Edited by infrafreak
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