The redevelopment of the former Kroger Bakery site and Heath’s “Central Park” development are among five central Ohio projects approved for state funding Monday.
The projects are among 15 developments approved for up to $100 million in tax credits through the state’s Transformational Mixed-Use Development Program. The projects are expected to create more than $401 million in payroll and $2.6 billion in investments across Ohio.
“These projects are creating dynamic spaces for Ohioans to live, work, and play,” Gov. Mike DeWine said in a news release announcing the tax credits.
Statewide projects include a new convention center hotel in Cincinnati, the renovation and expansion of Dayton’s historic Arcade District and the renovations of several buildings in Cleveland’s Playhouse Square.
Five central Ohio projects were approved for state funding:
Kroger Bakery, Columbus
A trio of veteran Columbus developers — Casto, the Robert Weiler Co. and the Kelley Cos. — propose redeveloping the former Kroger Bakery and a former Ford factory on Cleveland Avenue into a mixed-use development called “Assembly” that would include three new buildings and result in 363 apartments. The $156-million development was approved for $3.5 million in state tax credits. The project was also approved for $5 million in state historic tax credits. Kroger closed the bakery in February 2019.