The News Herald (Willoughby, OH)
Industrial
Sublot six is 9.25 acres, sublot seven is about 37.7 acres, and sublot eight is roughly 12.2 acres.
The trend in industrial development is to cater to a company’s space needs, developer Rick Sommers said previously.
The land is being offered in tracts ranging from 3 to 50 acres. The developers will sell the land outright to users or will build a leased facility for a company.
In October 2018, Sommers and son Greg of Chardon-based
Sommers Real Estate Group and George Davis of ProBuilt Homes in Mentor jointly purchased the vacant 87 acre site off of Heisley Road at auction for $445,000.
They envision a modern, multipurpose industrial development with a focus on biomedical research and production companies.
It is the largest, contiguous industrially zoned piece left in the city and there are limited options in Mentor for large multi-use industrial development.
No potential users have been announced yet, but the property has attracted local, regional and national
interest, and is viewed as an “extremely favorable and friendly parcel to economic development,” Mentor Economic Development Director Kevin Malecek said.
“Any potential development in the Mentor Innovation and Technology Park will bring construction jobs first, followed by the jobs of any companies that take up residency on the land,” he said, adding that it will also provide another revenue stream to continue city projects and programs.
The project is located within a federally designated flood hazard area. A special permit is required from the city.