$4M development deal OK'd for 81 acres near Austin Blvd.

Miamisburg, developer, local  builder to develop 81-acre Long Farm.

Man, 68, drowns at Caesar Creek Lake
5/26/12
Water rescues prompt warning from health officials
5/25/12
Beach Waterpark sued for failure to deliver
5/25/12
Raleigh Trammell’s defense opens in felony trial
5/25/12
UD to move satellite campus to Dublin
5/25/12
> More headlines

By Larry Budd, Staff Writer Updated 10:34 AM Wednesday, February 8, 2012

MIAMISBURG — Miamisburg City Council voted Tuesday to sell 81 acres along Byers Road, near the new Austin Boulevard interchange, to a developer, for $4.1 million.

The Council voted to sell the land to BW Partners, a limited partnership, to work with the city on developing the land, part of a tract known as the Long Farm, along a corridor envisioned on a newly reconfigured stretch of Byers leading from the interchange into Miamisburg.

“We see this parcel becoming a base for office and light industrial employment in our community,” City Manager Keith Johnson said in a press release.

BW Partners is a limited partnership represented by Realtor Mark Fornes and Tom Nickolai, an agent in his firm, according to agreements approved Tuesday night.

Construction Managers of Ohio, a Miamisburg-based company, is also part of the joint venture, officials said.

The sale is expected to close later this month. BW is expected to work with the city on a master plan for the land.

The city purchased the land for $4 million in July from the Montgomery County Port Authority, to control its development, according to city officials.

RG Properties, developer of much of the land around the interchange, relinquished its option on the land after Motoman purchased 20 acres just west of the interchange in August 2010.

Share this article