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Akron, Ohio

STREETSCAPE IMPROVEMENTS AT THE EAST END PROJECT A SUCCESS

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City of Akron Press Release
Published: 11-18-2016

     Akron, Ohio, November 18, 2016 – Industrial Realty Group, LLC (IRG), a nationwide real estate development and investment firm announced the recent completion of a $5.5 million project to improve a half-mile streetscape along East Market Street in Akron, Ohio, a main throughway and centerpiece of The East End, the 1.4 million square foot mixed-use redevelopment at the former Goodyear Tire and Rubber Campus.

     “We have already completed extensive redevelopment work on the site, these exterior improvements to the center of the campus will certainly be noticeable to tenants and residents,” said Tracy Green, President of IRG Realty Advisors, IRG’s Property Management team. “Completing this streetscape truly brings The East End’s live, work, play environment into focus. It is beneficial to residents, The East End project and the City of Akron.”

     The East Market Streetscape project was accomplished through a public-private partnership between IRG and the City of Akron, the first of its kind in the area. In Akron, no other private entity has participated with the design planning or funding of a public works project. This funding was provided through a state grant of $ 1.8 million, awarded to the City by the Ohio Public Works Commission for the roadway improvements. IRG funded the remainder the project. Akron Mayor Daniel Horrigan actively supported the project’s progress.

     “The City of Akron had already considered several improvement options for this stretch of roadway. Partnering with IRG was by far the best option to accomplish our goal of creating a welcoming, walkable and bikeable corridor,” said Akron Mayor Daniel Horrigan. “Residents will benefit from the project because they can now enjoy this community space. When they attend concerts or events at Goodyear Hall or Goodyear Theater, they can sit and drink a coffee on the benches, travel on well-lit, safe streets and easily access parking. We believe, as does IRG, that these conveniences will contribute to drawing new businesses, restaurants and retailers to the area.”

     The East Market Street improvements, located between Cook Street and Fulton Street, included replacing or repairing all underground utilities (gas, water, storm and selected sanitary sewer); the addition of 100 on-street, parallel parking spaces as well as 6’ wide bicycle lanes; and adding in-road crosswalk warning lights to alert drivers of crosswalk use. IRG also improved the overall aesthetics of the area by adding under lit benches, new trash and recycling containers, custom tree grates, enclosed and lit bus shelters and uniform signage. Crosswalks, intersections and tree accent bands feature stamped, decorative concrete; and internally lit street signs attached to a signal arm are now located at the intersection of East Market Street and Goodyear Boulevard.

     When replacing the roadway, an innovative product was used for the asphalt surface called aramid (Kevlar) fibers. This minimizes reflection cracking from the underlying base pavement utility trenches and construction changes. It will also keep the road in a newer condition longer, extending the life of the asphalt and providing a better driving surface.

     The project began in April 2016 and was completed in November 2016.

About IRG

IRG is a nationwide real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 120 properties in 28 states with over 100 million square feet of rentable space. IRG is nationally recognized as a leading force behind the adaptive reuse of commercial and industrial real estate, solving some of America’s most difficult real estate challenges. Learn more at www.industrialrealtygroup.com.

For further information, contact:
Ellen Lander Nischt
Press Secretary / Assistant Director of Law
166 South High Street, Akron, OH 44308
www.akronohio.gov
Phone: 330/375-2325
E-mail: [email protected]

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