“Toledo is a city on the incline,” Mayor D. Michael Collins said during an event this morning.
The cause for his optimism was in part the construction of a 100,000-square-foot “spec” building at Overland Industrial Park, the site of the former Jeep factory off Central Avenue. Speaking at a groundbreaking ceremony for the facility, Mayor Collins and other officials affirmed their belief that the development would attract new economic opportunities to the city.
The project marks a new approach to development in northwest Ohio, said Paul Toth, president and CEO of the Toledo-Lucas County Port Authority. He emphasized that the warehouse was a “collaborative effort” that brought together stakeholders from both the private and public sectors.
Formal construction on the spec warehouse, a class-A industrial space, will begin in the next several weeks and take about six months to complete.