Cold Spring continues to make way for Cold Spring Pointe, an anticipated mixed-use development across from the Meijer Shopping Center, by passing two ordinances at Monday’s council meeting.
Council members unanimously passed the ordinances to allow the sale of the property to continue later this week with Midland Atlantic Properties. These ordinances include annexing the property and adopting an amendment to the city’s zoning map.
According to Clayton Riney, a representative from Midland Atlantic Properties, there are plans to provide more updates on who will occupy the properties in the mixed-use development in the next 30 days.
To start breaking ground on the property, city attorney Brandon Voelker said the city has to hold “two special meetings just to vacate what’s called Harvest Trail because Harvest Trail won’t exist once this development occurs.”
Harvest Trail is a small road across Alexandria Pike from the Cold Spring Meijer Shopping Center. Riney said Midland Atlantic Properties “can’t close our construction loan until the city street is vacated. So we’re closing the land first, and then once this street is vacated, we’ll close the construction loan.”
Last September, the Cold Spring Planning & Zoning Commission approved a zone change for approximately 70 acres of land, in January council members passed a resolution that approved the bonds for Midland Atlantic Properties, a Cincinnati-based real estate developer, the firm responsible for the plan.
The plans include a space for a 48,840-square-foot anchor grocery store and two spaces for big box retailers. The complex will also include a professional office building on the site’s north end. Those buildings will be surrounded by a total of 1,025 surface parking spaces and parcels for restaurants and other retail outlets.
Last year, WCPO reported that the site’s plan is consistent with other developments that feature Publix, a Florida-based supermarket chain. As of now, there has been no confirmation on what grocery store chain will anchor the development.