Miami Twp. is working with Austin Landing’s developer for the possible sale of about 41 acres at Austin interchange.
The township has a letter of intent from Dillin LLC regarding the land at the corner of Austin Boulevard and Wood Road, across Interstate 75 from the sprawling mixed retail complex managed by VisCap Development, whose president holds that same title with Dillin LLC.
The township’s property is the only quadrant of the interchange which is either undeveloped or which lacks plans.
The township is giving Dillin LLC exclusive rights for 180 days to market the property at the southwest quadrant of the Austin interchange. VisCap is nearing completion on Austin Landing on the northeast quadrant and has plans to continue that development on the southeast one.
Miami Twp. Trustee John Morris said he has “no idea” what Dillin may have in mind for the land.
In a statement released by the company, Larry Dillin said, “The Austin Boulevard interchange is a coveted address and an ideal location for continued growth.”
The deal with Dillin LLC would include the firm “putting a marketing analysis and a development analysis together in anticipation of putting a potential purchase agreement together,” Miami Twp. Community Development Director Chris Snyder told trustees Tuesday night.
Earlier this year, the township ended an agreement with Cleveland-based Juniper to market the land, once the site of multi-million dollar proton therapy center proposal.
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