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Portage Crossing Developer Shares Progress Details

Stark Enterprises reports leasing talks taking place, outlines timeline for groundbreaking.

The developer who plans to revamp the former site reported progress to Cuyahoga Falls City Council Monday night to clear the air of rumors that the project has stalled.

Stark Enterprises Chief Operating Officer Steve Rubin said the company is now in the process of negotiating lease documents and letters of intent for 12 to 13 tenants at Portage Crossing. As for the north and south anchor tenants for the commerce and community center, one is in leasing negotiations, while the other has only submitted its letter of intent.

Rubin said the public will soon find out which shops and businesses plan to move in.

“Our goal is to make announcements about our tenants roster not later than Labor Day,” Rubin said. “We still are hopeful of achieving a fall or probably later fall ground breaking, it could still slip till the spring, but we haven’t given up on the fall yet and we’re still working on that as active possibility.”

Rubin said its important for Stark Enterprises to keep the names of the companies close to vest until the end of the summer.

“The tenants are very, very, very protective of their interest until such time that they have a final lease signed,” he said. “Our goal is to have enough of a mix that we have something for everybody.”

After seven or eight have officially signed on, that’s when Rubin said groundbreaking details would then get underway.

While it’s hoped groundbreaking could take place in the late fall, Rubin told Council he was confident it wouldn’t be any later than the spring of 2012.

Robin Anderson June 29, 2011 at 03:21 PM
While Trader Joe's website promotes a tantalizing selection of "non-high fructose corn syrup" products at a reasonable price I'm afraid that Costco's policy of accepting food stamps may not jive with some of our city leaders' vision(s) for the project.
Amy Adams June 30, 2011 at 11:54 AM
Rumor has it that Trader Joe's already turned it down. Our area wasn't poshy enough. Boo!
Ward Benson June 30, 2011 at 01:26 PM
It would be nice to have a few more dining options in that area. Although, I doubt a buffet style restaurant would dare try make it in that area due to the very good Cathedral Buffet already there. Best price for lunch around and good food. Maybe Panera Bread would also do well there.
Chestnut Hill Memorial Park June 30, 2011 at 04:13 PM
All those suggestions sound good to me.
NANCY PHILLIPS September 22, 2011 at 02:02 AM
would be nice if they put it all into outlets. that would bring in the shoppers.

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