Construction is underway on the mixed-use development at Jacquemin Farms, according to a recent press release from developer Schottenstein Real Estate Group.
The 60-acre development known as Jerome Grand is in Jerome Township on the west side of Hyland-Croy Road, north of Post Road and bordering U.S. Route 33. It will include a 300-residence rental community, a 10-acre independent and assisted-living care facility area and retail.
Jacquemin Farms also will enhance its retail market operations, according to the press release.
The majority of the 300 townhomes will have attached garages. The rental community will open early next year. Pricing hasn't been released yet, according to the developer.
The Roman Catholic Diocese of Columbus' Diocesan Retirement Community will own and operate the independent and assisted-living area – which will include 100 senior living units – as the Villas of St. Therese Dublin.
Construction for the overall development is projected to be in the $100 million range, according to the release, and Schottenstein contributed more than $1.5 million to traffic improvements – which includes a traffic light at Hyland Croy and Park Mill Drive. Marysville also will receive more than $4 million in water and sewer fees.
In a prepared statement, Brian Schottenstein, president of Schottenstein Real Estate Group said: "There have been concerns with traffic on Hyland Croy Road,and we believe we are going to be part of the solution in working with Union County, Jerome Township and Dublin to have a better road system for the entire area."
Schottenstein declined to provide additional comment.
The developer and Jerome Township in July 2017 agreed to a 10-year tax-increment financing deal that will divert 75 percent of future property taxes to roads and other infrastructure improvements serving new residences and businesses on what are now bean and corn fields, according to the Columbus Dispatch.