LORAIN Lorain County Growth Partnership announces the redevelopment of the Cleveland Quarries property by Industrial Realty Group (IRG), LLC.
This $500 million development is located on nearly 900 acres of former industrial zoned land in Amherst Township, South Amherst village and Brownhelm Township. Lorain County finishes the 2007 calendar year with another a major investment in its economic future. The announcement was made by IRG President and Senior Managing Partner Stuart Lichter.
This announcement builds on the job growth throughout the past year with more than 1,200 new jobs created in Lorain County, according to Lorain County Commissioner Ted Kalo. The economic impact to the communities of Lorain County is estimated at least to be an additional $500 to $600 million.
Lichter's plans for the quarries will feature 1,150 residential units along with a hotel/lodge, marina, and equestrian center with trails and other amenities. The equestrian center will feature indoor and outdoor show rings. The residential units will include detached single family homes, townhouses, farm estate lots with private stables, cluster homes, and marina-based condominiums. The area will also feature nearly 20 miles of rustic trails that will provide separate horse trails and pedestrian hiking areas. Other amenities planned will include a trap and skeet club, a swimming beach area, small craft marina and water related recreational activities.