Fairmount Properties with its partners Premier Development Partners LLC and BUD Kent LLC, along with members of the Kent community, marked the beginning of construction of a 185,000 square- foot development which will house the offices of the Davey Tree Resource Group, Ametek, Inc. and a number of new retailers and restaurants. The group gathered at the corner of Erie and South Water streets to celebrate the start of construction of the unprecedented collaborative effort.
Randy Ruttenberg, principal of Clevelandâ€™s Fairmount Properties, praised Lefton for his unwavering support and brilliant, visionary leadership that played a critical role in moving the development forward.
â€œPresident Lefton has elevated the school to a place it has never seen, whether it be record enrollments, fundraising or cutting-edge programming,â€ Ruttenberg added.
In welcoming Lefton to the podium, Ruttenberg thanked him for his unwavering support of the project.
â€œWe have become a family in a way that weâ€™ve never been before,â€ Lefton said. â€œThatâ€™s something new in the city of Kent in terms of town-gown relationships. We have forged a real public-private, city-university partnership - with private developers, with private business, with the city and with our friends in Washington. This has just been terrific.â€
Pat Lowry, director of outreach and special projects for Rep. Tim Ryan, said public-private projects are the way of the future. â€œWe can point to projects like this and say this is good government and it does work,â€ Lowry said. Several speakers lauded Ryan for his work in securing a $20 million grant from the U.S. Department of Transportation for PARTAâ€™s new Kent Central Gateway facility, a key catalyst for the downtown Kent redevelopment project.
Other speakers included Kent Mayor Jerry Fiala, Portage County Commissioner Maureen Frederick,
Davey Tree President and CEO Karl Warnke and Matt French, Ametek vice president and general manager.
Kent Stateâ€™s extension of the University Esplanade will offer a vital connection between the university and the new downtown projects and was critical to securing commitments from developers and financial institutions. The extension of the University Esplanade will strengthen the ties between the university and the city by providing a physical link, offering students with a safe pathway to visit, enjoy and patronize downtown Kent and its businesses as well as connecting residents and visitors to the Kent State campus.
Tenants for the Fairmount Properties development include Aladdinâ€™s, Bricco, Daveâ€™s Cosmic Subs, Einsteinâ€™s Bros. Bagels, Palmieri Salon, Paniniâ€™s Bar and Grill and Yogurt Vi. The first building in the Fairmount project is slated to open in late 2012.