New company takes over Austin Landing operation

The new management company for the Austin Landing complex said Thursday it will focus on developing the remaining available portions of the popular shopping and dining destination with an eye toward enhancing guests’ experiences.

RG Properties and its owner, Randy Gunlock, turned over the management, development, and leasing of Austin Landing effective Friday to a newly formed company led by Larry B. Dillin, formerly of Perrysburg, a spokeswoman for R.G. Properties and the newly formed company, VisCap Development, said Thursday. Dillin spearheaded the development of a multi-use center called Levis Commons in Perrysburg a decade ago.

The Austin Landing multi-use development east of the I-75-Austin Boulevard exchange remains owned by Gunlock and a private investment fund, according to a release from Austin Landing. RG Properties had been the developer and manager of Austin Landing since the project’s inception.

“The development at Austin Landing is accelerating, and as the largest individual owner, I’m delighted to now hand the reins to such an experienced and capable developer as Larry Dillin,” Randy Gunlock said in a release.

“As a major investor, it was critical to me that we found a group that shared our vision for the entire village on both sides of Austin Boulevard and one that was committed to accomplishing our goals. I am going to continue my focus on philanthropy and my other real estate investments,” Gunlock said. His brother Bo Gunlock, who has been involved in the management of RG Properties, “is going to move in an independent direction,” Gunlock said.

Larry Dillin said in the release, “Randy and I mutually respect each other’s real estate accomplishments. It’s an honor to be charged with fulfilling his Austin Landing vision. To that end, VisCap will focus upon managing and completing the north side of Austin Boulevard and implementing a complementary plan for the south side. Having worked closely with the owners and the RG and the RG Properties development team during the last year, I anticipate a seamless transition for all involved.”

Dillin said in a phone interview with this news outlet Thursday that his company will shepherd development planned for 2016, including a new cinema complex, and begin “filling in the last puzzle pieces” with buildings and tenants in the partially completed 167-acre project.

The $14 million cinema complex project will include a 12-screen theater attached to two full-service restaurants and a 108-room extended stay hotel.

With Austin Landing’s retail, office and residential components in place or coming soon, “We now have a living, breathing community with a 24/7 atmosphere,” Dillin said. “We will make certain that our management program understands that and supports it for tenants and guests.”

Dillin lives in Austin, Texas, but has had an apartment in the Dayton area since September 2014. He said he will be looking for more permanent housing in the Dayton area and anticipates spending the majority of his time here.

Dillin filed for Chapter 7 personal bankruptcy protection in Austin in early 2014, and Dillin told The (Toledo) Blade the filing was connected with a loan for a new building in the Perrysburg complex that he developed. That bankruptcy case was closed and discharged in October 2014, and will have no impact on the operations of VisCap Development or his work at Austin Landing, Dillin said Thursday.

Miami Twp. Administrator Greg Rogers said Thursday that township officials “are looking forward to working with Mr. Dillin and his group to help ensure the success of Austin Landing.”

While most consider Austin Landing the existing retail-and-office development on the north side of Austin Boulevard, the development is poised to expand south of the road onto about 60 acres land in Springboro.

• Staff writer Lawrence Budd contributed to this report.

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