Main Street redevelopment
City advances plans vote by vote
Council so far has approved agreements to buy shopping center, lease site of City Hall
The city of Bexley has taken another step toward making way for a new Giant Eagle supermarket to be built on the current site of City Hall, 2242 E. Main St.
At their Sept. 10 meeting, Bexley City Council members unanimously approved an ordinance authorizing the city to enter into an agreement with Continental Real Estate.
Plans call for the Bexley Community Investment Corp. to enter into a contract to purchase the Bexley Square Shopping Center from Casto for $1.8 million. The city will lease the site to Continental and make infrastructure improvements to access the Bexley Square Shopping Center, which is located just west of City Hall.
A new, 30,000-square-foot Giant Eagle will be built on the City Hall site, becoming the anchor tenant for the shopping center.
Using money from the lease and tax-increment financing on the new supermarket, the city will either lease office space or build a new city hall.
The ordinance builds on previous legislation council passed to facilitate the Giant Eagle development. In June, council passed Ordinance 21-13 as emergency legislation, authorizing the city to purchase the Bexley Shopping Center from Casto.
This item, Ordinance 40-13, will enable the city to enter into an agreement to lease the City Hall site to Continental, said Richard Sharp, chairman of council's finance committee.
"The timing of some events are going forward with Giant Eagle," he said. "There's a draft lease between Continental and Giant Eagle, and a ground lease between Continental and the city."
In a presentation before council in May, Continental Chairman Frank Kass said the new Giant Eagle store would likely open in March 2015.