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December 2020

Final site plan approved for Great Lakes Power Products new global headquarters in Madison Village – News-Herald

By Site plan

Great Lakes Power Products has taken one step closer to the start of construction of its new global headquarters in Madison Village.

The final site plan for the company’s 110,000-square-foot building was approved by the Madison Village Planning Commission at a meeting last week.

In formally expressing support, the commission provided administrative approval of the project for purposes such as zoning, development of a stormwater management plan and architectural overhaul, said village administrator Dwayne. Bailey.

Panel members voted unanimously in favor of the plan, which now goes to the Lake County government for further consideration. The county will review the company’s plan for items that include construction practices and compliance with Americans with Disabilities Act regulations.

Lake County will also issue building permits for the company’s project.

Great Lakes Energy Products, who is currently based at Mentor, intends to construct a new building on River Street, also known as Route 528. The project will be built on a property bordering the southeast side of the Interstate 90 interchange and Route 528, and extending south to Route 307.

“We spent a lot of time designing the building and developing this structure,” said Harry Allen Jr., president and founder of Great Lakes Power Products, at the December 21 meeting. “And at the end of the day, that’s going to be a huge plus for the Village of Madison and Lake County.”

The company will consolidate its current head office at 7455 Tyler Blvd. in Mentor with a service center, it operates at 3691 Shepard Road in Perry Township and relocates them to the new building in Madison.

Plans call for the company to create 50 full-time jobs with a total annual payroll of $ 3 million at Madison Village site.

The planning commission, in addition to giving its blessing to the final site plan, approved the subdivision of the land the company purchased to build its headquarters and accommodate other commercial developments. In the northwest corner of the company’s property bordering I-90 and Route 528, a new Love’s Travel Stop will be built. Love’s also received final approval of its project’s site plan at the December 21 meeting.

Great Lakes Power Products headquarters will occupy 15 acres and Love’s Travel Stop is under construction on 18 acres, Bailey said. Overall, the land purchased for development by Great Lakes Power Products consists of approximately 48 acres.

The subdivision stipulates how the property will be legally reconfigured for what’s built on it, Bailey explained.

“The boundaries need to be changed to accommodate the new public road that will be there and to create a site for Love’s and a site for Great Lakes Power,” Bailey said. “It is therefore the resubdivision of the land, the creation of new property lines and the new dedicated public road that will divide the property in two. “

Construction of lakes, based in the Township of Painesville, serves as the design-build company for Great Lakes Power Product’s new global headquarters. Bill Vondra, an engineer and consultant hired by Lakeland Construction for the project, attended the December 21 meeting.

Planning Commission chairman Mark Vest asked Vondra when the land would be inaugurated for the project.

“We will start moving the earth as soon as we can,” he said. “The big deal is the weather constraints and controlling soil runoff and all the good things to keep the environment happy.”

Vondra said some of the Army Corps of Engineers permits are in place for the Great Lakes Power Products and Love sites.

Great Lakes Power, founded in 1973, is a distributor, manufacturer and rebuilder of full lines of power transmission products and accessories. The company consists of 13 sites nationwide with a total workforce of around 160 employees, said Andrea Morris, vice president of Great Lakes Power Products, who is the daughter of Harry Allen Jr.

In February, the company received an economic incentive grant from Madison Village for the construction of its headquarters.

The grant contract says the company intends to spend around $ 9 million on the construction of buildings and grounds and $ 2 million on machinery, equipment, furniture and fixtures.

The grant allows the village to help the company finance the construction project, provided the company maintains a workforce of at least 50 full-time employees and a payroll of $ 3 million per year, for a period of one 10 year period.

Editor’s Note: This story was edited at 1:40 p.m. on December 29, 2020, to correctly indicate Lakeland Construction’s role in the project.

Consortium announced for the development of the Glass Bottle site

By Site development

A consortium comprising developer Johnny Ronan, Ronan Group Real Estate, along with investment fund Oaktree Capital Management and its subsidiary Lioncor Developments Ltd, has won the contract to develop the former Glass Bottle site in Dublin 4.

The announcement, which represents the next stage in the development of the 37.2-acre Poolbeg West strategic development area, was made by the National Asset Management Agency (NAMA).

The new consortium will own 80% of Pembroke Ventures DAC, the company set up to develop the site, while NAMA will retain the remaining 20%.

Details of the amount the consortium is paying have not been disclosed, but it is understood to be in the region of €200m.

“This announcement marks the culmination of five years of intensive asset management aimed at obtaining the best financial return from this key site while facilitating its future development,” said Brendan McDonagh, NAMA’s Managing Director.

“We look forward to working with our consortium partners to unlock the potential of this excellent site.”

Up to 3,800 residential units and 1 m² of commercial space, as well as a school site and community and public open spaces are included in the plan.

25% of housing will be social and affordable.

“This is a strategic development for Dublin in the truest sense of the word,” said Rory Williams, Managing Director of Ronan Group Real Estate (RGRE).

“Together with Oaktree, Lioncor and NAMA, we are proud to have been tasked with realizing the site’s full potential.”

“We are especially looking forward to delivering thousands of new homes, including nearly 900 social and affordable homes.”

NAMA said general planning and pre-development work is expected to begin immediately, with construction expected to start mid-next year.

RGRE was announced as the preferred bidder for the stake in July, alongside Colony Capital, but later changed partners to Oaktree.

Work begins for 200 million euros to develop the Opera site

By Site development
Site Security Officer Aoife Munnelly with LTT General Manager David Conway, Council General Manager Pat Daly and Mayor Michael Collins at the opera site as construction begins Monday morning. Photo: Sean Curtin.

LIMERICK’s biggest commercial real estate investment and the largest ever outside Dublin began on Monday at the Opera House in the city center.

Demolition and placement work has been initiated by John Sisk & Son Ltd on the 1.62 hectare site which will accommodate up to 3,000 employees on a 450,000 square foot campus.
The € 200 million program will take up to six years, with up to 500 people involved in construction at its peak.
Key elements of the project will include a 14-story office building; a five-storey aparthotel with commercial units on the ground floor and in the basement; an office building above the basement with retail units and a restaurant / cafe; a new library and a large public space.

The site is being developed by Limerick Twenty Thirty (LTT), a special purpose vehicle created by the City and County Council of Limerick in 2016 to boost economic and social development by building and promoting disused strategic sites in Limerick.
LTT has already completed the award-winning, fully leased Gardens International project on Henry Street, which was completed at a cost of 17.6 million euros.
Its portfolio also includes Troy Studios, Castletroy, which is fully completed and leased; the ten acre Cleeves Riverside project which is currently in the master planning stage; and the 60-acre Mungret Park residential site where a first phase of 200 units is planned for early next year.
The Opera site is fully funded by the European Investment Bank, the Council of Europe Development Bank and the Ministry of Housing.

The largest investment in a commercial real estate program in Limerick and the largest ever outside the capital began today at the site of the opera house estimated at 200 million euros. Pictured left to right: David Conway, CEO of Limerick Twenty Thirty, Pat Daly, CEO of Limerick City and County Council, Limerick City and County Mayor Michael Collins and Aoife Munnelly, Security Advisor, John Sisk & Son Ltd.
After completing planning in February 2020, the demolition and placement work program was launched today by contractor John Sisk & Son Ltd at the 1.62 hectare site which, when fully developed, will accommodate up to 3,000 employees on a 450,000 square foot campus. .
The site is being developed by Limerick Twenty Thirty DAC (LTT), a special purpose vehicle created by the City and County Council of Limerick in 2016 to boost economic and social development by building and promoting disused strategic sites in Limerick.
Photo: Sean Curtin True Media

Extensive site demolition and placement work will take up to 12 months, as will demolition of all 20th century buildings and subsequent additions, adaptive reuse of protected structures and other structures of heritage value.
Three major site developments will take place in addition to extensive rehabilitation and demolition work during the first three years of the program, including the new municipal library; aparthotel, shops and apartments and income building and attic developments.
Mayor Michael Collins said the development of the opera house would be crucial in helping Limerick out of its great economic challenges.

Minister of State responsible for the Bureau of Public Works, Patrick O’Donovan, said the development would propel Limerick’s economy into a new era.
“This will accelerate the social progress of the city. It’s also going to have a very positive ripple effect for a long time and way beyond the city, but into the county and the region. I can’t wait for this impact to take hold, ”he added.

LTT chief executive David Conway said there would be very significant economic benefits and jobs for the region under the six-year construction program.
“We were commissioned to develop sites that would accelerate the ongoing transformation of the City of Limerick and today, as we begin construction, it’s a highlight of this journey. “
Limerick City and County Council General Manager Pat Daly said the opera site has been the most discussed development in Limerick in modern times, so they were thrilled, with Limerick Twenty Thirty , to get there.
“Limerick Twenty Thirty was designed to stimulate growth in Limerick and the opera site is the biggest project in the program and the timing couldn’t be better. Every city and region beyond the world is plagued by the economic fallout from Covid-19, but the Opera site will give us a real advantage in the recovery, ”he predicted.
Limerick Chamber general manager Dee Ryan described the start of work on the site as a huge boost for Limerick.
“It will be an invitation to IDE, to indigenous businesses to look at Limerick. Once they do, they will see a city that is very open for business, looking to the future, and a great place to work and live.
“Even as the world of work evolves there will always be a need for commercial office space and the beauty of Limerick’s offering is that we can deliver it to world class standards but at a very competitive price within a great city and region to work and live, ”she said.

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Transforming the city’s urban landscape

The development of the opera house will include a number of significant changes to the city’s streetscape.
The main components will be a 14-storey building at Bank Place comprising 13,264 square meters of office space.
A four to six storey building on basement, with 12,654 square meters of office space, 960 square meters of retail and 430 square meters of restaurant / cafe use on the ground floor
A five-story building at the corner of Patrick Street and Ellen Street comprising a 5,000 m² aparthotel, 13 apartments and over 1,000 m² of retail space on the ground floor and basement
A renovated four story basement building on Rutland Street offering 444 square meters of commercial ground and basement use, with three residential units above.
The renovation of 9 Ellen Street, formerly Quinn’s Bar, will offer a 1260 m² bar and restaurant.
The renovation and adaptation of the old town hall, including the construction of a six-storey extension above the basement, will provide a new 4,515 square meter public library; 2,981 m² of offices as well as 196 m² and 445 m² of café / restaurant in the basement.
The Bruce House door will be moved to the internal gable at 8 Rutland Street in the atrium of the new library building, while the Buyilding attic on Michael Street will undergo extensive renovations.
Underground parking on Place de l’Opéra will also include car charging stations, secure bicycle parking spaces, as well as showers and changing rooms with additional secure bicycle parking spaces at ground level. .