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Richmond Heights Business

Wednesday, November 21, 2012

Deadline Extended for Menards to Get Funding

Menards has two more weeks to secure land for the Hadley Township project.

The development of the Hadley Township Redevelopment Area was an issue at last night’s Richmond Height’s City Council meeting. The council voted unanimously to extend the time to Dec. 4 for Menards, a Midwestern chain of home improvement stores, to sign and fund a preliminary funding agreement for the southern portion of Hadley Township. The agreement states that the developer will pay the city to cover the cost of consultants to review all the project documentation involved in the Menards' project, said RH City Manager Amy Hamilton in an interview after the meeting. The deadline was extended because Menards hasn’t secured all of the property it needs to develop on the township. Hamilton said Menards has 98 out of the 100 needed parcels …

Tuesday, October 2, 2012

Hotel Development Moves Forward in Richmond Heights

The hotel at the intersection of Brentwood Boulevard and Clayton Road will be financed by local banks.

The Richmond Heights City Council on Monday approved an amended agreement with Mullenix Richmond Heights Redevelopment Corporation, which hopes to build a hotel and parking garage at the intersection of Brentwood Boulevard and Clayton Road. District 1 councilmen Rob Jacknewitz and Matt Casey voted against the proposal, while the remaining six council members and Mayor James Beck voted in favor of it. At a meeting last month, Chief Executive Michael Mullenix said banks have expressed interest in providing financing for the project. One of the prospective lenders is Heartland Bank, which he said knows the strength of the market and the power of the Brentwood-Clayton intersection. "They definitely are interested in doing the second hotel with…

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