The city has been working with Jim McCarthy of the Cincinnati-based TW Development Group in the deal to bring the yet unnamed e-retailer to its building in the Kettering Business Park. The business is also planning to buy other properties in the park as part of the deal.
McCarthy said Friday afternoon, “We have not executed a lease yet, but knock on wood, things should be final in the next 45 days to 60 days.”
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He said his development group plans to spend $8.3 million to build out the property, which includes more than 700 parking spaces, as well as other improvements to the property.
“We are pretty far down the road on finishing up this deal,” McCarthy said. “Kettering and its leadership have done an excellent job at moving this deal forward.”
McCarthy said the name of the e-retailer isn’t being released at this time, but the business does plan to add a significant investment to the property.
The city will vote at its next meeting to fund more than $1 million to help with the deal.
“They already had that money in their budget that was going to be used to demolish the building,” McCarthy said.
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Gregg Gorsuch, economic development manager for the city of Kettering, said the e-retailer’s move to Kettering is a major win for the city, as more jobs will be coming and the large monetary investment from the development group as part of the deal.
“The first step in this exciting development is the sale of 14 acres of property, including the vacant 200,000 square foot building located at 907 Forrer Boulevard, to TW Development Group,” Gorsuch said.
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Kettering Mayor Don Patterson echoed Gorsuch’s sentiments about the deal.
“Certainly this is great news for Kettering and yet another exciting development in the rebirth of the Kettering Business Park,” Patterson said. “We are grateful to TW Development Group for their investment and their steadfast determination to secure a prime national tenant.”
In October, Tenneco announced that it will nearly double its Kettering workforce, adding 300 jobs — line workers, engineers and back office staff — as part of a $61.5 million investment that significantly expands the plant.
MORE: Kettering Health to open $10M high-tech command center
At 1:30 p.m. Monday, the Kettering Health Network will have a ribbon- cutting ceremony for its 17,000-square-foot operations command center in the Kettering Business Park, 1050 Forrer Blvd. that aims to improve patient care in the least amount of time.
The first of its kind in the Dayton area, the nearly 17,000-square-foot NASA-like command center is designed to more efficiently care for patients and get them to the most appropriate level of care in the least amount of time.
The command center costs approximately $10 million and is initially creating approximately 25 jobs. When fully functional, the command center could potentially house 300 employees.
Before the command center, each of the network’s facilities had a varying process of using Kettering Health’s electronic medical record system, and hospitals were most concerned with what was going on within their individual walls, Weimer said. The new system will allow the hospitals to work as one network to care for patients across all facilities.
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Command center staff will be able to view the status of every patient bed in real time in every Kettering Health Network hospital and medical facility.
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