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Current Development Conditions
Market & Demographic Conditions
In an effort to learn more about the market forces which impact development in Madeira, the city council recently commissioned an analysis of the city’s business and housing market through the firm of Property Advisors, Inc. The final product of this effort is a snapshot of the various market and demographic conditions which have an effect on existing and future development in the city.

Both the city council and local developers can use this information to better determine the probability of success for a particular residential or commercial development. As well, the data can also aid city council in determining whether a financial investment or incentive package on the part of the city will have an appropriate impact. The final report can be found here.

Despite the sluggish economy, investment by private developers and businesses continues to take place in the city. The recent renovations of the Traction House at 6914 Miami Avenue and at the northeast corner of Miami and Camargo Road have been outstanding improvements to the City’s CBD. First Financial Bancorp recently opened a local branch at the southwest corner of Miami and Camargo. There continues to be discussions with potential buyers of the Arthritis Foundation building on Miami Avenue as well as the former BP Station at the corner of Miami and Shawnee Run. Both sites are zoned Business “A” which allows both office and retail uses.

Current Developments
With the recent announcement that Kutol Manufacturing will be leaving their location on Camargo Road, an opportunity arises for a substantial redevelopment to take place in a key location within the CBD. Discussions are taking place with the owners and potential developers when the relocation takes place. The site has the potential as a “mixed use” development including retail, office and residential. We will also look to fill the existing building with another clean manufacturing use, although it is not likely we will find a company which is looking to relocate to a building as it presently exists.