The planned sale of 4.5 acres at the northeast corner of Hanley and Dale from the city of Richmond Heights to Summit Development was included in the 2016-17 city budget, according to city manager, Amy Hamilton.
The lot is under contract with Summit Development Group for $5.5 million, Hamilton said.
- Hotel planned for Richmond Heights; Menards outbuilding update
- 4.5 acre site under contract with Summit Group
A hotel, restaurants and retail space are planned for the property. No specific hotel has been named.
Planning and zoning was to hold a public hearing on a preliminary development plan for 8015, 8111 and 8131 Dale Avenue at its May 19 meeting, but it was postponed. The petitioner, Summit Development, is also seeking a site plan review and approval of a final development plan, including the location of a 15,500 square foot retail building, according to the agenda.