Wealth manager, condos plan dual Oakwood groundbreakings

Russell Total Wealth Management may break ground for its new headquarters as early as this week on nearly 11 acres of recently purchased Sugar Camp land.

The company will build a three-story 23,000-square-foot building on 10.8 acres of Sugar Camp land for what will be its headquarters, said Lee Schear, president of Oakwood Investment Group, which manages the Super Camp development off Schantz Avenue and South Main Street.

“The architecture parallels the existing four Sugar Camp commercial buildings but updates those designs with a contemporary look,” Schear wrote in an email to this news outlet.

Russell said this summer it would move from Fairborn to Oakwood. The Oakwood Plan Board and City Council approved the building. Work may be complete by summer.

Oakwood Investment Group recently sold about 10.8 acres of land to a limited liability company. The sale was for $735,000, according to Montgomery County property records.

Records identify the buyer as RCR Holdings LLC. The sale date is given as Nov. 20.

Meanwhile, Hills Communities may break ground in the next two weeks on “The Trails,” which is on northern edge of Sugar Camp.

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An agreement between Oakwood Investment Group and Hills Properties was finalized about two months ago on going ahead with the building of 84 condominium units at “The Trails” in Pointe Oakwood.

That development had been delayed last year when a pair of lawsuits were filed against the city of Oakwood over the plans for the area.

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Fifteen Pointe Oakwood residents living near where the condos were proposed to be built filed one of the lawsuits. The Cincinnati-based developers of the proposed condos filed the second lawsuit.

Oakwood City Council proposed a legal settlement to move the project forward in the spring.

Shear said the Sugar Camp development as a whole is “now reaching completion.”

Sugar Camp includes four commercial buildings that comprise some 140,000 square feet. The buildings are 100 percent occupied, Schear said.

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