Downtown Gateway Redevelopment Project
Mixed Use
Marketing description
The Downtown Gateway Property comprises eleven contiguous parcels totaling approximately 1.8 acres at the southern entrance to Oberlin's Historic Downtown Business District. The site occupies a highly visible location with convenient access to Oberlin College, Mercy Health – Allen Hospital, the City's Industrial Park, the Federal Aviation Administration, public schools, and the interstate highway system.
The assemblage currently includes two (2) rental homes, a strip center, an automotive repair facility, a commercial building, and vacant land.
Environmental remediation has been completed, including underground storage tank removal and issuance of a No Further Action (NFA) determination on the former auto repair parcel.
Investment highlights
The Downtown Gateway Redevelopment Project is backed by a strong public-private partnership among the City of Oberlin, the Oberlin Development Company (ODEVCO), and the Oberlin Community Improvement Corporation (OCIC). Developers will benefit from collaborative support throughout the planning, design, and construction process, with access to technical expertise, financing resources, and community engagement tools.
Financial Incentives
The site's designation within an Ohio Community Reinvestment Area (CRA) makes it eligible for significant development incentives, including:
- Community Reinvestment Area (CRA): Up to 100% tax abatement for 15 years
- Tax Increment Financing (TIF): Infrastructure and project support opportunities
- Ohio Transformational Mixed-Use Development Program: State assistance for catalytic mixed-use projects
Guided by a Shared Vision
Redevelopment efforts are supported by Oberlin's 2024 Comprehensive Plan and Downtown Strategic Plan, which prioritize:
- Expanded housing options and mixed-use development
- Business attraction and retention
- Economic vitality and entrepreneurship
- Walkability and community connectivity
- Strong partnerships among the City, Oberlin College, businesses, and residents
Together, these initiatives provide a clear roadmap for growth and reinforce the community's commitment to creating a vibrant, sustainable downtown destination.
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