Shopping center changes in store in Stow
November 14, 2013 by Max
After more than a year of planning and discussions, Stow, Ohio is ready to begin upgrades to its flagship shopping center.
In 2010, city residents were asked what they most wanted to see improved in their city. The center, which went into operation in 1959, was the most widely selected option, with buildings standing empty, asphalt deteriorating, and the entire venue showing its age, leading to concern about the property on the part of city officials and residents alike.
The renovation will transform the center from a shopping venue to a mixed-used development, putting retail businesses together with residential apartments. Transitional areas are planned between the retail and residential parts of the complex, including pedestrian walkways, green spaces, and routes for vehicles, including a connection to Acme Plaza, located nearby. A clubhouse and pool are also part of the residential plans, where rents are estimated to run between $800 and $1,100 per month.
Stow Mayor Sara Drew said this type of venue is sustainable, and the mixed-use concept is likely to become the way cities will develop areas in the future. She also noted the renovation, estimated at $15m, will be done at once, not in phases, but did not have a completion date.
City officials could work with brochure printers to create a mailer for residents describing the upgrades, the new concept, the projected rents, and a list of tenants in the retail sector. This would likely draw new businesses and residents to the project.