One of the largest proposed development projects in Delaware County in some time has added a major investor.
The proposed Northgate Centre, spearheaded by local developer Pat Shivley, has added James Klingbeil of Klingbeil Capital Management to its team.
“He has a marvelous tradition in the development world,” said project spokesman Phil Craig. “He brings a high degree of talent and expertise to any project he is associated with.”
Klingbeil Capital Management has central Ohio roots. It was established in Columbus in 1959.
In the years since, the company has expanded into several real estate sectors, including multi-family, single family, student housing, commercials and medical office buildings.
“The whole ability to take a development apart and move in the right direction is just a real talent and he’s got it,” Craig said.
The NorthGate development, just off the Interstate 71-U.S. 36-Ohio 37 interchange, is planned to include an outlet mall, along with 20 full-size soccer and lacrosse fields, eight to 12 baseball fields, a 60,000-square foot indoor sports facility with an adjoining hotel, and in the future, a natatorium with a fitness center. The plans also call for six to eight hotels between 600 and 1,000 rooms within walking distance to the outlet mall and sports facilities.
The land planned for the development is currently in Berkshire Township. However, two separate annexation petitions have been filed with the Village of Sunbury covering 312 acres. More annexation requests are expected to be filed in the near future.
Shivley last year sought zoning approval for his development in Berkshire Township, but the request was denied. A lawsuit has since been filed asking the court to overturn the zoning decision.
Just north of the proposed development, national outlet mall developer Tanger Outlet, in partnership with Simon Properties, has already won approval for an outlet mall. Tanger officials have said they plan to break ground on the project this year.
Several sources have told The Gazette that just one outlet mall will be built in the area, an assessment that Craig concurred with.
“I think from everything we know, there will only be one,” he said.