Costco project development underway in Jackson Township
JACKSON TWP. ‒ Crews have started work on the county's next big-box retailer by clearing and leveling an 18.25 acre site along Frank Avenue NW.
Costco Wholesale Corp. acquired the tract in June for $5.83 million from Dressler Properties, according to county records. Plans are to build a 160,000-square-foot warehouse store, as well as a convenience store and gas station.
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Retaining walls and drainage basins are being built as the ground is being leveled. It's expected that footers and the concrete pad will be installed in early September.
Updated plans for platting the property and extending Huckleberry Street NW from Frank Avenue east to Strip Avenue NW have been submitted to the Stark County Regional Planning Commission for review at the September meeting.
Costco formed in 1983 in Seattle and has grown to become an international membership-only retailer. According to a recent press release, Costco operates 834 warehouses, including 575 in the United States and Puerto Rico, 107 in Canada and 40 in Mexico. Other warehouses are in Japan, the United Kingdom, Korea, Taiwan, Australia, Spain, France, China, and Iceland. Costco also operates e-commerce sites in the U.S., Canada and six other countries.
The Jackson Township project isn't mentioned on the company's website. It's anticipated the store will open sometime in 2023.
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Costco lists four Northeast Ohio locations, with the closest being a store in Boston Heights near Hudson. It also has three stores in the Columbus area.
Costco will be the anchor business for the Creekside Crossing development. Still available is a 5.5-acre tract at the corner of Strip Avenue and Applegrove Street NW. Another 21.30 acres is south of the Huckleberry Street extension and can be subdivided, according to developers.
Dressler Properties, which is owned by developer Scott Fitzpatrick, is negotiating with several potential companies for the property.
Hall of Fame Resort betting on Betr
Hall of Fame Resort & Entertainment Co. has aligned with start-up company Betr as its partner for mobile sports betting.
The two companies announced a 10-year agreement earlier this month. Betr will be Hall of Fame Resort's official partner on mobile sports betting — subject to securing the necessary licenses ― replacing Genesis Global Ltd., which had signed as a mobile betting partner in January.
Betr formed earlier this year and lays claim to being the first direct-to-consumer micro-betting focused sports betting company. Jake Paul, an American social media personality and professional boxer, is co-founder of Betr along with Joey Levy, a sports betting veteran. The company also has launched a media venture that features Paul's interviews with top athletes.
Betr will be powered by Simplebet, a micro-betting technology company where Levy previously served as co-founder. The company said in a press release that it will focus on micro-betting — for example the pitches and at-bats in a baseball game or plays and drives during a football game ― turning them into discrete betting opportunities.
As part of the agreement, Hall of Fame Resort gains a limited equity interest in Betr, along with revenue sharing. The partnership also has opportunities for cross-marketing and branding, the company's said in the release.
Michael Crawford, Hall of Fame Resort president and chief executive officer, said the partnership amplifies two of the company's key business verticals, gaming and media. It also fits the company's goal of developing new and different content for guests to enjoy at Hall of Fame Village.
Hall of Fame Resort also is working with Chicago-based Rush Street Interactive, which will operate a retail sportsbook in the Fan Engagement Zone at the Hall of Fame Village complex.
True Hire, Sgt. Clean Car Wash and Modern Hearing Solutions land spots on Inc. 5000 list
Three area companies found themselves on the Inc. 5000 list for 2022.
True Hire (number 3,996) in Lake Township, Sgt. Clean Car Wash (4,379) in Green and Modern Hearing Solutions (4,458) in Jackson Township are among more than 130 Ohio-based businesses on the annual list compiled by Inc. magazine.
This year marks the third time that True Hire has been placed on the list.
The Inc. 5000 annual list ranks privately-held businesses based in the United States according to the percentage of revenue growth. The new list is based on revenue growth from 2018 to 2021.
Housing sales dropped in July
Real estate agents around Ohio and in the region reported fewer sales in July, the Ohio Realtors reported.
Of the 15 markets around the state, only four saw the number of properties sold increase during July. But 12 of the markets reported higher prices on properties sold.
Statewide, real estate agents reported selling 14,719 houses in July, a 10.4% drop from 16,425 sold in July 2021. Agents who are part of MLS Now, which includes Stark County and 22 other Northeast Ohio counties, reported selling 4,994 properties, a 12.2% drop from 5,691 sold last year.
Through the first seven months, real estate agents reported selling 85,243 units, a 3.4% drop from 88,242 sold during the same period in 2021. Members of MLS Now reported selling 30,040 units so far this year, a 3.6% drop from 31,175 sold last year.
The average sale price this year is $256,872 per unit, up 10.6% from the average price of $233,265 last year. The average price for units in MLS Now is $229,756, a 9.3% jump from $210,201 reported last year.
Reach Edd at 330-580-8484 or edd.pritchard@cantonrep.com On Twitter: @epritchardREP
This article originally appeared on The Repository: Costco project underway in Jackson Township's Creekside Crossing
