By Sheila McLaughlin
Enquirer staff writer
MONTGOMERY - After months of looking at proposals, a special committee has recommended a developer for this northeast Hamilton County city's gateway - considered to be its most prominent property.
If council approves the choice in a meeting on July 7, Montgomery Gateway Partners, a collaboration between Daniels Homes and Builder Resources, will get the job to develop the 3/4-acre triangle at the southern edge of the historic business district.
The project, at Main Street and Montgomery and Cooper roads, includes up to 35,000 square feet of office and retail space in a stretch of two-story colonial-style buildings, as well as a 100-car two-level underground garage and a small public plaza that could include a fountain.
Montgomery Gateway Partners was favored over Great Traditions, which proposed to build residential lofts along with offices and a small amount of retail.
The committee thought residential use would be too intense for the small site, and wanted more retail, community development director Frank Davis said. Montgomery Gateway Partners also offered a better financial incentive by suggesting they might privately fund the underground garage instead of using tax increment financing.
"We felt they had design and scope that fit our original vision of the project," Davis said.
"The question has always been the financing - how we will make the project work. It's a tough project financially, because of the configuration of the lot and need to do underground parking."
Montgomery Gateway Partners offered the second lowest bid for the property - at $450,000 - and Davis said the purchase price could drop if the company agrees to build the garage.
Red berets might 'rock and shock'
McNicholas grad dies in violence
Missing professor baffles all involved
Teens die in crash; no belts
IN THE TRISTATE
White House e-mails apology to Fairfield business owners
Surgical hospital to open Sept. 1 in Butler
Airport ahead of growth, FAA reports
Mercury findings under review
Arts center built on hope, initiative
Korn eyed in cold-case '60s murder
No one smelled it coming: Bakery closes after 77 years
Bill gives ill nuclear workers new hope for compensation
Private eye must say why he's investigating juror
Check fraud stole $74K
Montgomery likes retail plan
Deerfield OKs Supercenter, with conditions
Public safety briefs
Downs: Forbes fogies lousy judges of Queen City
Good Things Happening
Adelaide Bellman Badgley helped kids
WWII fighter Thomas Jeffers survived stalag
Democrats' budget proposal a 'ruse,' says Senate leader
Ky. gets $10 million for disaster relief
Trial postponed in WKU slaying
No shirt, no shoes, no way you get in
Coach to be honored with field rededication
Library adamant on site for branch
State to restore Medicaid benefits
Fletcher says manufacturer bringing 165 jobs to Kentucky
Kenton extends paramedics
Bishop pushes officials to follow on abortion
Mammoth Cave called polluted
Patients' lawsuits backed by Dem