Explanation
BACKGROUND: Lotus Advantage Steelton I, LLC (“Developer”) is undertaking the first phase of residential development associated with the Steelton Village project. Steelton Village is an approximately fifty (50) acre mixed-use development situated on the east and west sides of South High Street, north of State Route 104 in the South Side planning area. The initial planning of the development began on the east side of South High Street in 2017 with the acquisition of the former Seagrave Manufacturing building located at 2000 South High Street. The 220,000 square foot warehouse, branded as The Fort, is home to Fortner Upholstering, a 95-year-old local furniture maker and serves as Steelton Village’s commercial hub . Steelton Village parcels situated on the west side of South High Street will be developed into a new urban neighborhood with up to 1,200 market rate and affordable housing units (the “Residential Development”).
The Developer is undertaking the first phase of the Residential Development, which will be sited on 16.41 +/- acres of real property generally located at 1981 South High Street and identified by Franklin County Auditor Parcel ID number 010-066158, 010-066159, 010-008499, 010-112264, and 010-103973 (the “Site”). Pursuant to Ordinance No. 0287-2026 the Site was rezoned from M. Manufacturing District to AR-O, Apartment Office District to allow for multi-family residential development without density limitations. The Developer is investing more than $200 million into the Site to construct 455 multi-family residential units that will be affordable to households earning 60% of the Area Median Income (“AMI”).The project will also include a new public park and associated public infrastructure improvements, including a new road connecting the new park to South High Street.
In support of the project meeting City policy goals related to affordable housing, the Department of Development will submit for City Council consideration, subsequent legi...
Click here for full text