Columbia Township officials have approved business incentives for new owners of about four acres of property near the Fifty West Brewing Co. on Wooster Pike.
Plans for the former Plant World property at 7510 Wooster Pike and vacant land at neighboring 7528 Wooster Pike are being kept under wraps.
Representatives of CMT Wooster, the company that recently bought the property for $695,000, could not be reached for comment.
Columbia Township officials are declining comment for now.
But township Administrator Mike Lemon said he expects residents to embrace changes in store for the newly sold property on Wooster Pike – and other changes in the works for property in the same section of Columbia Township that abuts Mariemont, Indian Hill and Newtown.
“The company is definitely planning a new development and will announce those plans at a later date, but we believe people will be pleased with the proposed development,” Lemon said.
“On the other side of Wooster Pike, the township team has been supporting the idea of bringing The Casual Pint, a ‘pub with grub,’ to the Mariemont Promenade, located (at 7201 Wooster Pike) in Columbia Township.
“This will bring another fun and entertaining business to the community,” Lemon said.
“With the continuing growth of Fifty West Brewing, this corner of Columbia Township is primed to become the economic and social hub of our great community.”
The Fifty West Brewing Co. at 7668 Wooster Pike recently began selling some of its beer in cans at places such as Kroger stores and Jungle Jim’s International Market in Eastgate and Fairfield.
Meanwhile, the business incentives given CMT Wooster are outlined in a resolution Columbia Township trustees recently approved deeming the newly sold Wooster Pike property a so-called tax-increment financing (TIF) site.
CMT Wooster will not have to pay property taxes on 75 percent of improvements it makes to the land for up to 10 years.
Instead, the company will make “service payments” to be used for public infrastructure improvements to the property.
CMT Wooster was incorporated last September, according to Ohio Secretary of State records.
Barrett Tullis, an attorney with Keating Muething & Klekamp in downtown Cincinnati, is listed in the records as a representative of the company.
Tullis specializes in advising real estate developers.
Dustin Montgomery, an economic development specialist with HCDC, formerly called the Hamilton County Development Co., has said Anchor Associates may be involved in the deal.
Neither Tullis nor an Anchor Associates – which says on its website that it provides retail real estate services – could be reached for comment.
But Anchor Associates has an office at the Rookwood Exchange office building at 3825 Edwards Road, Suite 630, in Norwood – the same address listed on Hamilton County auditor records for CMT Wooster.
Want to know more about what is happening in Columbia Township? Follow me on Twitter @jeannehouck.