The proposed $300 million Liberty Town Square development by Steiner + Associates is expected to break ground in early 2013. The project will include two department stores, specialty retail, offices, restaurants, a cinema and luxury apartments. Photo provided.
Sheila McLaughlin reports:
The real estate brokers and businesses are calling Caroline McKinney at the township’s economic development offices, already scoping out the possibilities on the surrounding acres.
They’re eagerly awaiting Liberty Town Square, the $300 million retail, office, entertainment and residential project – the largest development to hit Butler County.
“People are hovering around to see when dirt starts flying,” McKinney said. “It’s a catalyst effect.”
The opening has been pushed back to spring 2015 from fall of 2014, she said.
But when it does open, this mega-mixed-used project could put this Greater Cincinnati suburban community of about 37,000 residents on the map as the next hot spot for commercial development along Interstate 75 because of its regional draw.
Joe Hinson, president of the West Chester-Liberty Chamber Alliance, calls the mega-mixed-use project “a game changer.”
Developer Steiner + Associates has promised the project will mirror its popular Easton Town Center in Columbus and The Greene in Beavercreek.
Locally, there’s nothing like Liberty Town Square, although Steiner’s involvement in the area is nothing new. The Columbus company developed Newport on the Levee, which sparked a rebirth in the Northern Kentucky river city about a decade ago.
“We’re going to see businesses now really start to look at Liberty as an opportunity. In the past, it’s been pretty much a bedroom community,” Hinson said. “When you’ve got the power of I-75 and you’ve got the access also going east to west and north-south, it just becomes a game changer.”
Both township and chamber officials are looking for businesses to relocate to or settle in Liberty Township because of the amenities Liberty Town Square will offer – a place to live, a place to have fun, a place to entertain clients.
Steiner, which shelved a more ambitious plan at $500 million in 2008 when the economy tanked, expects to break ground on Liberty Town Square sometime during the first quarter of 2013 on 64 acres at Liberty Way and I-75.
The first phase of the one-million-square-foot development will include two department stores, a cinema, specialty retail, 100,000 square feet of office space and 150 luxury apartments. Steiner has not yet announced the retailers that will fill the department store spots.
Steiner will be submitting its final development plan for the site in mid-October, while Butler County and township officials continue to refine agreements with developer because the two governments are supporting the project with a combined $35 million in infrastructure improvements. (more…)
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