A Beavercreek shopping center may soon expand pending approval by the city.
Phillips Edison & Co. of Cincinnati plans to construct a new multi-tenant building in an existing parking lot at the Beavercreek Towne Center at 2850 Centre Drive.
The development already includes T.J. Maxx, Kohl’s and Lowe’s among other stores.
The plans were approved by Beavercreek’s planning commission on June 6. City council will see the request next on June 25.
BIZ BEAT: Family Video closing 2 area stores, selling movies for as low as $1
“We saw the demand for additional retail space – both in the area and within Beavercreek Towne Center specifically – and we recognized the unique opportunity to increase our capacity to meet demand from retailers and create an even more cohesive experience for shoppers,” said Tom Meyers, regional vice president for Phillips Edison & Co.
The 5,300-square-foot single-story building will have room for four tenant spaces.
Meyers wouldn’t say what tenants would be in the new development or how much it cost, but he said the tenant mix strategy is the same as it is for all other Phillips Edison properties in the United States.
“We aim to bring in a mix of tenants that meet as many day-to-day needs as possible,” he said. “In addition to a top-ranked grocery store like Fresh Thyme, which anchors Beavercreek Towne Center, this can include food and beverage operators, fitness locations, medical offices, discount stores, hair and/or nail salons and entertainment options, among others.”
» RELATED: Order online from Walmart, pick up items at a vending machine in under a minute
While the development will sit in a rarely used parking lot, parking is not a concern for the Beavercreek Towne Center with only about half of the more than 3,000 current spaces used regularly.
The design includes a crosswalk along Towne Drive to ensure the safety of pedestrians to additional parking.
If approved, the new development is expected to be ready for use sometime in 2019.
FIVE FAST READS
• Retail sales increase in May, expected to continue growing this year
• Macy’s to expand pop-up marketplace with new partnership
• UD, Premier say former fairgrounds may not be fully redeveloped for decades
• Algae plaguing Ohio lakes could force Kasich to take executive action
• PHOTOS: Retail tycoon’s former Ohio mansion on sale for $3.95 million
About the Author