This Prominent structure downtown Sidney Ohio has been closed since 2010 when Sidney Ohio Building LLC, of Hayward, California filed bankruptcy. The city has done much to keep the building alive. Has their investment paid off?
Picture by WDTN 2 News
Earlier this spring, the city signed a development agreement with Woodard Development to investigate the potential redevelopment of the Ohio Building, a 54,900 square-foot historic structure located in downtown Sidney, into a mixed-use retail and residential unit property.
Woodward Development completed all the due diligence related to the acquisition of the building, including pursuing applicable incentives, tax credits and other fiscal tools to support the project earlier this week and have expressed interest in the purchase of the building.
One of the incentives being considered is the Transformational Mixed-Used Development (TMUD) Program. Governor DeWine and Lt. Governor Husted announced recently that $100 million in state support is now available as part of the second round of the TMUD Program. A signed purchase agreement is a requirement of the TMUD application. The mixed-use redevelopment plan outlines commercial/retail space on the ground floor, with 30-40 housing units, expected to be a mix of one and two bedroom apartments on the upper floors.
The Ohio Building has recently undergone a roof replacement including structural members along with a full parapet masonry restoration. The building is equipped with an elevator shaft, roof top HVAC access, on site utilities and plumbing. Required work will include new HVAC installation throughout, and construction of a second stairwell for upper floor egress. Interior condition is such that a full interior demolition and restoration will be required through much of the building. Floor plans can be divided and arranged to suit the owner’s and tenant’s needs
The Ground, First and Second floors, Have plenty of space for offices, store fronts, offices or apartments.
1st 10,548 SF
2nd 10,383 SF
3rd 10,575 SF
The Third and Fifth floors narrow and are 5762 SF per floor
Maybe a great place for a Winan's Flagship store?
Local company Winans is rumored to be placing a Flagship store in the Ohio building. Adding a familiar name and Staple for offices and increasing amenities downtown