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Council hears update on Fultz Parkway Phase 2; 90-acre site draws national broker interest
Summary
Councilmembers discussed external coverage and marketing for Phase 2 of the Fultz Parkway extension, noting a Crain's report that the 90-acre site drew four national brokerage respondents and that utilities work is expected to be completed by October.
Councilmembers on April 21 reviewed recent commercial interest in Phase 2 of the Fultz Parkway extension and discussed next steps for marketing and infrastructure.
Councilmember Clark (Economic Development report) told colleagues that a Crain's Cleveland article described Strongsville preparing a "rare, 90-acre site" for development as part of Fultz Parkway Phase 2; the article identified 48 acres as developable and named four respondents to the city’s request for proposals: CBRE, Cresco, Jones Lang LaSalle (JLL) and Colliers. Economic Development Director Brent Painter was quoted in the external coverage.
Councilmembers and staff said utility work — water, sewer and electrical — is expected to be completed by October. Council and staff discussed intended uses: the city expects light manufacturing or technology-related uses rather than big-box warehousing, and noted site constraints related to an adjacent power plant and right-of-way that could limit some types of tenants. Councilmember Spring noted a recent water-line installation for the site and said final water-line costs are not yet available.
An outside broker quoted in the coverage (Terry Coyne, in his capacity with Newmark) told the economic-development committee that regional and national respondents view the site favorably because of Strongsville’s demographics and retail activity, and that existing local companies could be candidates to expand into Phase 2.
Why it matters: marketing a large developable site can affect local economic growth, tax base and traffic patterns. Council members emphasized care in selecting an exclusive broker and in aligning utility investments with likely tenants. Staff said they will interview the four broker respondents, select a broker, and return to council before listing the property for sale.
End: Council did not take a final vote on broker selection or change zoning at the meeting; staff will report back after broker interviews and when more precise infrastructure costs are available.
