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Pace Properties and Menards Get Extensions for Hadley Work

Richmond Heights City Council discussed the developers on Monday night.

Pace Properties and Menards on Monday received more time to sign and fund their respective preliminary funding agreements in Hadley Township .

It happened during a meeting of the Richmond Heights City Council. The extensions run through Sept. 17.

"The reason we're doing this is that our funding agreement came due but the project has not moved forward in a timely matter," so the city had to authorize an extension for contractual reasons, Mayor James Beck told the audience.

Pace is planning a $125 million retail space just south of community center. Menards hopes to develop the space just north of Maplewood's Walmart.

City Manager Amy Hamilton said the council could request the presence of Hadley and Pace representatives at one of its two August meetings for an update on the progress of the developments.

"I don't think there's enough progress to report yet," Hamilton said.

Mayor James Beck recommended calling the developers in for the first meeting of August. In the meantime, he will host a question-and-answer session about Hadley with the public at 6:30 p.m. this Wednesday at .

Menards has begun sending its buyout offers to property owners, Hamilton said, though it's not clear how many.

District 2 Councilman Mike Jones said two residents of Banneker Avenue reported receiving letters from Menards updating them about the development process.

More about Hadley Township development on Patch:

James Trout July 18, 2012 at 11:57 PM
The long time Hadley property owners went to the city council for help improving their neighborhood a decade ago. What they got was an open-ended Request for Proposal inviting developers to harvest the neighborhood. The response included major redevelopments casting out the residential community, costing millions of public dollars, and building another big box. These are the proposals the council courted for ten long years, leaving the neighborhood in limbo and neglect. As one who has been in real estate and development for 25 years, I’m mystified. I have worked with neighborhoods confronted with redevelopment issues, and we fought for and won eminent domain protections for homeowners first. But Richmond Heights even sued to remove those protections intended for its own historic neighborhood. I know these council people are well intentioned and expected to attract some new revenue in the trade-off, but did they think through the “de jure” discrimination set in motion by cherry picking its minority neighborhood for removal? So the weakest in this community could not get what people expect from government most – public service protecting their homes and improving their neighborhood. I know this cannot be undone and I hope the remaining few homeowners are made whole for their inconvenience, but this looks like a series of bad bets gambling human stakes way to high - Not conduct becoming our civic leaders, no matter what the intention.
KM Mitchell July 19, 2012 at 02:44 PM
Trout sums this up well -- I just have to point out having followed this sad story that it's not big "bad" developers or big box retailers at fault on this -- it's the Richmond Heights city council who sold-out the working class largely minority folks who lived in that lovely neighborhood. Eminent domain was suppose to prevent the long, slow 10 year financial squeeze that lead to the "blight" that then "justified" their actions. I thought City Councils were suppose to represent the people? Shame on them.

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