City Manager Brent Merriman said the short-term loss in the fee for tapping into the city’s water is outweighed by the potential for the city’s tax base to expand.
“This is a significant economic development opportunity,” Merriman said.
The city will connect the property to water as soon as possible, Merriman said. The property owner is responsible for all installation and construction to get the water line connected to the building.
The property owner will also begin the petition for annexation shortly.
Mt. Holly Farms Inc. bought the property in late July. Mt. Holly Farms also owns the Xenia Business Center at 2380 Bellbrook Ave. and the Xenia Self Storage complex at 1855 Bellbrook Ave.
The office building on Lower Bellbrook Road is fully furnished and can fit up to 200 workers. The property is about 13.5 acres with an approximately 25,000-square-foot building built in 2004. The building also includes a loading dock and abundant parking, city documents said.
About the Author
