$5.5 million property sale included in Richmond Heights budget

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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.

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.

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1 COMMENT

  1. I hope they remove the inclusion of a “big box” retail space from the plan. There are already going to be a few vacant spaces of that type nearby in Brentwood (Office Max/Depot and soon Sports Authority) and it seems as though those types of business are hard to replace when they leave. Keep the restaurants but drop the big retail. I hope they opt for smaller spaces that we can get local boutiques or shoppes to occupy.

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