Opus Development clarifies right-of-way dedication terms for six-acre site acquisition

During the recent Planning and Zoning Commission meeting in Canal Winchester, significant discussions centered around the current state of industrial space in the city and the future of a proposed development project.

City officials reported that Canal Winchester has nearly 5 million square feet of industrial space, with approximately 10% currently vacant. This translates to about 476,000 square feet of unoccupied space, including two notable buildings that have never been occupied. One of these is a 90,000 square foot facility originally built for Rite Aid, which went bankrupt before it could open. Another building, constructed on Robinette Way, spans 375,000 square feet, with only 152,000 square feet leased.

Additionally, the meeting highlighted a building previously occupied by Pitney Bowes, which closed in September 2024. Of its 261,000 square feet, 131,000 has been leased, leaving around 130,000 square feet still available.

The discussion also touched on a new development project led by Opus Development. The applicant, Alex Bulbich, clarified that while there is a requirement for the dedication of right-of-way prior to final building occupancy, the sellers of the property will remain in their residence for up to 18 months post-closing. This arrangement is intended to allow the sellers time to manage their personal relocation.

These discussions reflect ongoing efforts to manage industrial space effectively while accommodating new developments, which are crucial for the economic growth of Canal Winchester. As the city navigates these changes, residents can expect continued updates on how these developments will impact local business opportunities and community infrastructure.