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  1. State taking comments on bridge project slated to begin in spring 2024

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    A barge has been deployed and a contractor working with the West Virginia Division of Highways will start boring riverbed core samples this week as a preliminary step in the DOH’s plan to build a new bridge across the Monongahela River.

    While dates are approximate and subject to change, the DOH has said it would like to begin construction of the project — formally identified as the Morgantown Industrial Park Access Project — in the spring.

    DOH Assistant Director of Engineering Dirar Ahmad said the drilling is part of the NEPA, or National Environmental Policy Act process as well the state’s due diligence for any such project.

    “The core boring is part of the exploratory information that we need so we can make an engineering decision before we move forward,” he said. “Sometimes geology is tricky. You may have rock 60-foot deep on one side of the river, but you get to the other side and it’s deeper or it’s more shallow. We don’t take chances when it comes to the safety of the public.”

    Ahmad was one of the DOH representatives in the Westwood Middle School Gymnasium Tuesday evening for a public meeting on the project. The DOH is taking public feedback through Nov. 3.

    The state has said it intends to build the bridge by the end of 2025 to expedite interstate access for trucks headed to and from the industrial park, and specifically, Mountaintop Beverage.

    In August, the Morgantown Monongalia Metropolitan Planning Organization weighed in, selecting the state’s Alternative 3 as the bridge location.

    Alternative 3 improves the industrial park’s existing Rail Street, crosses the river on a multi-span bridge, and joins U.S. 119 (Don Knotts Boulevard) near Scott Avenue. A connection to Smithtown Road will also be provided and a portion of Master Graphics Road, connecting to River Road, will also be improved and paved.

    The state has maintained the bridge will be built in addition to a new I-79 Harmony Grove interchange, which has been in the works for years and is caught up in the federal regulatory process.

    As a resident of Master Graphics Road, Sharlene Fortney has been following that project closely from the beginning.

    She was one of multiple people at Tuesday’s meeting who said she simply cannot understand, or foresee, the state building both projects.

    “They keep saying that interchange is coming. The trucks roll by every day. I just want to know the deal. I think this bridge will help, but what’s the point of the bridge if you say you’re putting the interchange in and they’re going the same directions,” Fortney said. “They keep saying they’re doing both. That seems like an incredible amount of money to me, and it doesn’t really seem to make sense.”

    Those wishing to file written comments may do so before Nov. 3. Send comments to Travis Long, director of the Technical Support Division of the West Virginia Division of Highways, at 1334 Smith St., Charleston, WV 25301.

    Original Article by Author: Ben Conley, The Dominion Post
    Original Article Here

  2. Latest White Oaks Project, with Near $3 Million Price Tag, Ready to Wrap up for $10 Million-Plus Business

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    A multi-million-dollar project at the White Oaks development that began in January is still going strong eight months later. Not only going strong, but nearly finished.

    Since the start of the project in an area described as White Oaks Phase II-A, roughly 350,000 cubic yards of dirt has been moved at the site. Most of the work is being done to facilitate the future home of Jenkins Subaru and Jenkins Hyundai.

    “The contractor is just about ready to wrap things up and should be putting the finishing touches on the earth work,” said Austin Thrasher, the project manager representing High Tech Corridor Development who is responsible for development at White Oaks. “As we get into (this)week, I look for them to be spreading the topsoil.”

    Once finished there will be plenty of new, flat acreage available. The Jenkins family will assume 17.7 acres at White Oaks, 13.7 of which will be usable. The additional four acres will be hillside. All of the land is visible from the interstate.

    The Jenkins family of dealerships in Bridgeport will eventually move from their current location on Lodgeville Road and it is anticipated to begin construction in 2025. The current Jenkins property, which can be seen from the northbound side of I-79, is roughly eight acres. The current building is roughly 4,600 square feet. The new site will house buildings for both Subaru and Hyundai. The size of those buildings will be determined at the time of construction with input from the manufacturer. The project, according to the Jenkins family, will top $10 million.

    The entire work area will cover 40 acres, City Engineer Beth Fox said earlier this year. For those not familiar with the site work, it is in an area stretching from Route 131 to an area near The Thrasher Group building that is visible from the interstate.

    As part of the earth moving, another flat parcel was created, Thrasher said. He said it covers roughly seven acres and is separate from what the Jenkins family will obtain.

    Access will be able to be reached to the Jenkins acreage through White Oaks Boulevard. It can also be reached, said Thrasher, from a lower area before the main White Oaks entrance off of Saltwell Road known as Wildlife Lane. Those won’t be the only entrances to the new acreage.

    “We’ll be working on a turn lane to access the additional seven-acre parcel in the future; a left turn lad directly into that pad,” said Thrasher. “It is down from the assisted living facility you can see and during the construction there will always be one lane open so it should not disrupt traffic. If it does, it will be insignificant.”

    That leads to the question of whether the new pad was built to meet the needs of a client that was coming aboard. The answer, said Thrasher, is no.

    “That’s up for sale. We’ve had a few looks at it, but nothing significant or solid as far as something serious,” said Thrasher.

    Doss Enterprises handled the $2,851,282.70 earth-moving project, along with the placing of some infrastructure, as a lot of infrastructure was already in place. The Thrasher Group has handled the engineering.

    Original Article by Jeff Toquinto on connect-bridgeport.com
    Original Article Here

  3. Mountain Valley Pipeline Receives FERC Approval to Resume Construction

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    Federal regulators have given the Mountain Valley Pipeline the green light to restart construction.

    The Federal Energy Regulatory Commission issued an order Wednesday allowing developers to “proceed with all construction activities.”

    Work on the project is expected to resume “shortly,” said Natalie Cox, director of communications and corporate affairs for project developers Equitrans Midstream Corp., in an email to WV News.

    “We expect the first of several forward-construction crews to begin work on the right of way shortly, and Mountain Valley continues to target project completion by year-end 2023,” she said.

    US Sen. Shelley Moore Capito, R-W.Va., celebrated the news on Twitter.

    “I just received confirmation that the Mountain Valley Pipeline has received approval from the Federal Energy Regulatory Commission to resume all construction activities,” she said in a tweet posted Wednesday afternoon. “This was the final step needed for the MVP to be completed. Great news for WV and American energy!”

    On Friday, Capito announced that the U.S. Army Corps of Engineers had issued the final federal permit needed to restart construction.

    “The Mountain Valley Pipeline is set to receive its final Sec. 404 permit from the U.S. Army Corps of Engineers!” she said in a tweet. “This critical step forward is because of a provision I helped include in the Fiscal Responsibility Act that will expedite the MVP’s completion.”

    On June 16, Gov. Jim Justice said the West Virginia Department of Environmental Protection had issued the MVP’s final state-level permit.

    “To the best of my ability, I’m not aware of anything else that is another step that people are waiting on,” he said. “If there be another step, we’ll be on it. I believe that construction has the possibility of starting real, real, real soon.”

    The Fiscal Responsibility Act, the package passed by Congress earlier this month following an impasse over raising the nation’s borrowing limit, mandated all federal permits required for the stalled pipeline to resume construction be issued by last Saturday.

    The MVP project was initially started in 2014. Equitrans Midstream said at the time, the pipeline was expected to be completed by the end of 2018 at an overall cost of around $3.5 billion.

    The company recently said the current estimated total cost is approximately $6.6 billion.

    In West Virginia, the MVP’s route runs through Braxton, Doddridge, Fayette, Greenbrier, Harrison, Lewis, Monroe, Nicholas, Summers, Webster and Wetzel counties.

     

    Original article by Charles Young on WVNews.com

    Original Article Here

  4. New WVU Medicine Rehab Center Being Built at University Town Center

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    WVU Medicine announced on Wednesday that construction has begun on a new Outpatient Rehabilitation Center in Granville.

    It will be located near the WVU Medicine University Town Centre clinic and will offer aquatic therapy, manual and exercise-based therapies, soft tissue and joint mobilization, post-surgical care, stroke care, functional capacity evaluations and lymphedema care, according to a press release.

    “We’re excited to be able to offer comprehensive rehabilitation consisting of three disciplines that all work together for the betterment of our clients,” said Jordan Feathers, who has been named the director of the new center.

    “Adding this state-of-the-art rehabilitation facility in Morgantown will fill a void in our continuum of care and further enhance the world-class care we provide,” said Darin Rogers, chief ambulatory officer for WVU Medicine.

    Plans for the new center were first announced last August, and the estimated completion date is in the second quarter of 2024.

    For more information on the WVU Medicine outpatient facility at University Town Centre, visit WVUMedicine.org/UTC.

     

    Original Article by Sam Kirk on wboy.com

    Original Article Here

  5. Mountaintop Beverage Begins Production in Morgantown Industrial Park

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    Got milk? Mountaintop Beverage does.

    Got a 330,000 square-foot state-of-the-art automated aseptic bottling facility capable of processing staggering amounts of raw dairy into an array of products with up to a one-year shelf life?

    Mountaintop has that too.

    And it’s just getting started.

    On Friday, the first trucks carrying shelf-stable milk from the Mountaintop Beverage facility rolled away from the Morgantown Industrial Park to locations across the country.

    Not bad when you consider the site where the massive factory stands was literally a mountaintop in August of 2021.

    Since then, 1.7 million cubic yards of dirt was relocated, 50,000 tons of concrete was set in place and a dizzying tangle of stainless-steel piping — eight miles worth — was pieced together to form the plant’s circulatory system.

    “This is quite a place,” Mountaintop Beverage CEO Jeffrey Sokal said.

    And it’s got quite a mission.

    “The goal we have is to help rebuild the farming infrastructure and to rebuild dairy. Dairy production in the state of West Virginia is down roughly by half over the last 10 years,” Sokal said. “The state has very strong FFA and 4-H programs. So, for folks who want to farm, this factory is going to be here for decades.”

    That’s why recruiting Sokal and his team from western New York to West Virginia became a priority for Commissioner of Agriculture Kent Leonhardt and West Virginia Dairy Association Deputy Commissioner Joe Hatton.

    Sokal credits both men primarily for bringing Mountaintop Beverage to the Mountain State and notes hundreds of individuals, from the governor’s office to the county commission, have gone the extra mile to help make it happen.

    “We’ve felt welcome right from the start and made to feel like this project is important to the state and the community. So many people have gone out of their way to push this project,” he said.

    “And we want to be here. There are industrial parks with shovel-ready sites all over Ohio, Pennsylvania and New York, but we wanted to be here because of what this facility can do for this state, the community, the ag community and the dairy industry. We went to a lot of trouble to clear this site. So, anybody who questions why we came here, we came here to make a difference.”

    Today, about one-third of the 330,000 square-foot factory built as Phase I of the overall project is in production. It currently has a workforce of 150 people. Sokal anticipates the entire facility will be operational by year’s end, with more than 200 employees producing shelf-stable milk, coffee products, protein shakes and plant-based beverages.

    A big emphasis for the company will be school milk.

    The last year saw the closure of several large production facilities, creating shortages of school milk all over the country, and particularly in the southeast.

    Sokal explained the school milk production capacity coming online at Mountaintop Beverage is the largest in the United States by a factor of three.

    And that will represent just one of the facility’s three production lines.

    Currently, the plant is receiving its milk from Somerset County, Pa.

    Even in its limited startup capacity, the plant already has a demand nearly twice what West Virginia farms can provide.

    Further, there’s already a dairy processor in the state, United Dairy.

    “If I’m taking all the milk from local farms, then I’m taking milk away from their business. If I’m bidding the schools, which are typically supplied by United, then I’m taking business and jobs away from Wheeling, Charleston and Uniontown, where they operate. That doesn’t do the area any good. We’re just shuffling deck chairs,” he said.

    “What we want to do is rebuild. Initially, we’re getting our milk from Somerset Valley and over time as we rebuild the dairy infrastructure and help build up dairy farming in and around the state, then we can do that cooperatively with them.”

    And while Sokal and his team are figuratively building the state’s dairy industry, they’ll be physically building more production capacity.

    Sokal anticipates construction on an additional 170,000 square feet of production space, or Phase II, could begin as early as this summer and come online in 2025. After that, Phase III.

    “We designed a 750,000 square-foot factory. We just haven’t built it all yet,” he said.

    Playing a critical role in those expansion plans is the question of interstate access, meaning the construction of the new Harmony Grove interchange connecting I-79 to the industrial park.

    Glenn Adrian, co-owner of the Morgantown Industrial Park as part of Enrout Properties, said he’s hopeful the new interchange will be under construction in 2024 and open in 2025.

    Sokal admitted the pace at which this process is moving has been a frustration.

    “Bottom line is we wouldn’t have come if we didn’t get that commitment from the state. We’re here. We feel like we’ve held up our end. So it’s certainly taken a little longer than we would have hoped, but I think they’re making material progress now,” he said. “For us, you can’t really overstate how important that is.”

     

    Original Article by Ben Conley on The Dominion Post.com

    Original Article Here

  6. Martinsburg, WV – BLACK DIAMOND REALTY OPENS EASTERN PANHANDLE OFFICE

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    When:  11:00 AM – 2:00 PM, Tuesday, June 6, 2023

    Where:  1209 N. Queen Street, Martinsburg, WV

    About:  Black Diamond Realty is pleased to announce the opening and ribbon cutting for its Eastern Panhandle office at 1209 N Queen Street, Martinsburg, WV.    Our team’s expertise serves all real estate sectors across West Virginia and Southwestern PA.  The Eastern Panhandle office is spearheaded by David Lorenze (Principal), Kim Licciardi (Sr. Associate), Mark J. Nesselroad (Broker), and Andrea Icenhower (Graphic Designer/Office Manager).  The firm is actively recruiting new commercial associates to join the Eastern Panhandle expansion.

    Since purchasing the property in September 2022, this office has been transformed for Black Diamond’s use, while the adjacent building was successfully leased by our brokerage and is under renovation for a martial arts studio. You are invited to join the ribbon cutting, visit our office, enjoy light refreshments, and talk with some of our real estate experts.

    Andrea Icenhower states, “We are excited to open our doors, welcome guests, and contribute to the community and economic growth of the Eastern Panhandle.”

    For more information, call 304-901-7788 or visit www.blackdiamondrealty.net.

  7. Exceptional Development Opportunity within the Eastern Panhandle of WV

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    Black Diamond Realty is pleased to present this exceptional development opportunity within the Eastern Panhandle of West Virginia. This property offers 54 (+/-) acres of undeveloped flat land and is conveniently located to both I-81 and U.S. Highway 11. The subject property is highly visible from I-81 and is situated less than 0.3 mile away from Exit 5. The undeveloped land is in a great location. It is ideal for commercial users looking for a development opportunity while being surrounded by a plethora of residential communities. Within this article you will learn more information about the Eastern Panhandle, specifically Berkeley County, the top employers in the area and demographics for the subject property.  Please also invest a few minutes to review Black Diamond Realty’s detailed marketing flyer and video.

    Since moving into the Eastern Panhandle, our graphic designer / office manager for the Martinsburg office, Andrea Icenhower, has attended several events for both the Berkeley Co. and Jefferson Co. She has had the opportunity to tour spaces like the Macy’s fulfillment center, Quad Graphics Facility, the Clorox Campus, the Rockwool Facility and so much more. Andrea was also able to attend the Annual Eastern Panhandle Economic Outlook Luncheon led by John Deskins and his team to learn more about the economic growth in the Eastern Panhandle. The research in this article is supported by those educational meetings and tours.

    West Virginia’s Eastern Panhandle (EPH) has been the state’s strongest economic region for well over a decade, experiencing sustained growth in population, employment, income and a host of other major economic indicators. The three-county area, Berkeley, Jefferson and Morgan County, has surpassed pre-pandemic levels for total employment and has seen its adult workforce increase to more than 100,000 employees. The Eastern Panhandle’s manufacturing sector is expected to record additional job growth over the next five years, expanding at a rate of nearly 0.7 percent per year. Eastern Panhandle’s proximity to and economic ties with the DC Beltway economy is expected to drive opportunities for a range of high-tech and front-office jobs in defense and non-defense federal contracting as well as the private sector. (Source: ©2022 by WVU Research Corporation / business.wvu.edu/bber)

    Located at the gateway to the Shenandoah Valley in the heart of the Eastern Panhandle, Berkeley County is known for its unique history, beautiful scenery, robust industry, and more. Major population centers and business markets within a five-hundred-mile radius of Berkeley County include Washington, D.C., Baltimore, Maryland, Philadelphia, Pennsylvania, Richmond, Virginia, and New York City, New York. All these major markets are readily accessible from this County via Interstate 81. Berkeley County’s geographic location makes it unique for business and leisure while enriching quality of life with its “small town” character and sense of community. Berkeley County has a total population of 126,534 and a median household income of $65,826. Total number of businesses is 2,635.

    Berkeley County is regarded as the Eastern Panhandle’s economic center. In addition, Berkeley County has established itself as the leading county in the state in terms of absolute job growth. Over the past decade, employment has increased by 8,300. Most of the county’s job growth can be linked to major new openings such as the Macy’s fulfillment center and Procter & Gamble. In the last year, the employment rate in West Virginia has increased by 3.8%, giving businesses 26,000 new employees. With an unemployment rate of 2.7%, Berkeley County’s workforce continues to stay well above the national and state averages, providing businesses an excellent opportunity to acquire and retain qualified talent. Even more skilled workers will be able to serve businesses across the county as more people locate to Berkeley County.

    The top 10 Employers in Berkeley County

    The top 10 Employers in Berkeley County include; Berkeley County Board of Education, Macy’s, United States Department of Veterans Affairs, Quad Graphics, Procter & Gamble, Walmart, Or-gill, Berkeley County Commission, FedEx, Aker Solutions. Procter & Gamble’s manufacturing plant added nearly 1,400 jobs and fostered the co-location of several hundred new jobs in packaging, logistics and other supporting businesses at the Tabler Station campus. More recently, the region received an additional boost in payrolls following the mid-2021 and fall-2022 openings of Rockwool and Clorox manufacturing facilities in Jefferson and Berkeley counties, respectively. Procter & Gamble’s production facility has represented a major transformative shift in the Eastern Panhandle’s industrial base. The $500 million facility along the 1-81 corridor in Berkeley County produces a range of consumer cleaning and personal products, including Swiffer, Tide, and various soaps and deodorants. Overall, the facility now employs more than 1,600 workers and has spawned the addition of several hundred jobs at packaging and logistics operations in the area.

    The infographics below contain data provided by Esri, Esri and Bureau of Labor Statistics Esri and Data Axle. The vintage of the data is 2022, 2027. Spending facts are average annual dollar per household. The statistics provided, which includes a 3-5-10 mile radius, are based upon our 54 (+/-) acres at the Inwood exit.

    The Eastern Panhandle has consistently ranked as West Virginia’s fastest-growing region for the past two decades. Between 2001 and 2021, Berkeley, Jefferson and Morgan counties combined to add nearly 64,000 residents. It is expected for employment to grow at an average annual rate of between 0.7 to 0.8 percent per year in the EPH through 2027.

    The Eastern Panhandle has been and projects to remain an economic bright spot for West Virginia.  West Virginia’s Eastern Panhandle is a premier location for a new business or a development project. Our Inwood offering has public infrastructure (new roundabouts), all public utilities, no zoning restrictions, easy accessibility, and is close to many amenities.

    Don’t miss this prime piece of commercial real estate!
    Call our Eastern Panhandle office today at 304.901.7788.

    View our Marketing flyer for the Property 

    View our Marketing Video for the Property

  8. Officials Celebrate Completion of Site Development for West Virginia AeroTech Park

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    Stakeholders of North Central West Virginia Airport recently celebrated the culmination of nearly 20 years of hoping and planning.

    Gov. Jim Justice — along with a host of local leaders and officials — participated in a ribbon-cutting ceremony marking the completion of site development for the West Virginia AeroTech Park.

    “Without any question, always, the airports are the heart; they’re the lifeblood of the engine that makes everything go,” Justice said. “You think of what you’ve got going on here. It is off the chart; it is un-flat-believable what’s going on.”

    The AeroTech Park will house the airport’s new terminal building, an expanded taxiway, an enlarged parking lot and will provide ample build-ready land for the continued growth and development of the region’s aerospace industry.

    The park’s future site is now flat and level, but just a year ago, the stretch of land adjacent to W.Va. 279 was buried under approximately 3 million square feet of earth that officials called “the mountain.”

    Ron Watson, former Harrison County commissioner and former president of the Benedum Airport Authority, which governs the airport, said officials had long hoped to “move the mountain” to clear space for a new terminal building.

    “The mountain has always been something that we wanted to get rid of, but we never had the means, and we really didn’t have a good plan,” he said.

    “Before we could do the terminal, we had to get rid of the mountain. That was a long time in the making, and I am delighted to see the progress.”

    Airport Director Rick Rock, looking out over the crowd assembled for the ribbon cutting ceremony, thanked the public for always supporting the airport.

    “One of the finest lessons I learned when I started this job was to get the community to take ownership of it,” he said. “Right here is an example of a community taking ownership of it. I appreciate it — without you none of this is possible.”

    The site development project, handled by Wolfe’s Excavating, was seeded by a state-backed investment announced by Justice in August 2019 — a $10 million grant from the West Virginia Infrastructure and Jobs Development Council and a $10 million loan from the state Economic Development Authority.

    On July 8, the Federal Aviation Administration announced the airport would receive a $15 million grant, the final element needed to greenlight the terminal’s construction.

    Bridgeport Mayor Andy Lang, who sits on the Airport’s Special Projects Committee, said numerous individuals and agencies deserve credit for helping make the project a reality.

    “It was a matter of just getting everybody to the table one-by-one — whether that was the (Federal Aviation Administration), the (West Virginia Department of Environmental Protection), the state, the governor’s office, the Development office, just on and on — to realize what this project could do for North Central West Virginia,” he said.

    Construction of the terminal building is expected to begin next year, Lang said.

    “We should be started on the terminal, digging footers, in the spring,” he said.

    The expansion project is estimated to lead to direct contributions of more than $587 million to the state’s economy each year, according to economists at West Virginia University.

    The total economic impact of construction expenditures for the airport’s terminal expansion project is estimated to be $88 million, of which more than $55 million will be spent directly, and another $33 will be generated in secondary industries, according to analysis from the WVU Bureau of Business and Economic Research.

    The terminal expansion project is estimated to employ about 356 construction workers directly, and another 199 in supplier industries, for a total employment impact of 555 jobs.

    Growth at the airport is estimated to add an additional $16.7 million in expenditures in the local economy over 10 years. Counting secondary impacts, it’s estimated this spending will result in more than $28.5 million in total economic impact over the same 10-year period.

    Expansion on the airport’s campus is expected to allow for the addition of seven to 11 small-to-medium-sized businesses that will either expand or locate in the area, for a total of more than 1,300 new jobs.

    The airport is one of the main reasons North Central West Virginia is one of the state’s two primary centers for economic activity, according to WVU’s John Deskins.

    “This airport and this aerospace sector in Harrison County is one of the key, foundational pieces that is enabling North Central to be a standout region,” he said. “I think that’s pretty important.”

     

    Original Article by Charles Young on August 22, 2022 on wvnews.com

    View Original Article Here

  9. White Oaks Development Continues Expansion

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    The White Oaks development in Bridgeport, located just off the Jerry Drove Exit on Interstate 79, continues to grow and expand as more offices, retail locations and other businesses open their doors. The 472-acre business park has seen a flurry of construction activity over the past year, and developers plan to soon announce details of new projects planned there, said Austin Thrasher, White Oaks project manager. “Here pretty soon I think we’re going to have an announcement for some more earthworks construction going on for White Oaks that will develop some more pad space,” he said. “I would expect that we’ll probably be pulling the trigger within the next month and making that announcement.”

    The most recent additions to White Oaks include a 3,300-square-foot Clear Mountain Bank location and an 8,749-square-foot commercial building that houses a Starbucks and several other businesses, Thrasher said. “We’ve got the bank, and then the retail (building), with Starbucks, Elegant Nails and Bridgeport Physical Therapy that have all moved into there,” he said. “Then down the hill below TGI Friday’s we have Regional Eye Associates that just opened up there. We’ve also got Tenmile Land, a land company that opened up right across from Steptoe and Johnson.”

    David Thomas, Clear Mountain Bank’s CEO and president, said White Oaks was chosen to house the branch due to is central location. “The White Oaks community is just so vibrant right now,” Thomas said. “There is a lot of activity going on and a lot of businesses around. From that perspective, it was a big draw to provide easy access to our customers.” A multi million-dollar facility that will provide living space for senior citizens, which will be called The Crossings at Bridgeport, is also under construction and is expected to be completed next year, Thrasher said. Aubury Holmes, development manager for Smith/Packett, a senior housing and care development company based in Virginia that will operate the facility, said it will provide a variety of accommodations and services. “This will be a 94,629-square-foot senior living community with assisted living and memory care,” she said. “There will be several amenities, including physical therapy, exercise room, theater, bistro, activity space, outdoor courtyards and walking paths, van transportation to transport residents to activities within the community and a central kitchen with three meals day.” The project has a total budget of approximately $23.15 million, Holmes said.

    White Oaks, which was founded in 2008, has kept pace with its developers’ expectations for growth, Thrasher said. “It’s been very exciting for us. It’s definitely picked up pace since the development started,” he said. “It has done what I think everybody hoped it would do from the beginning. Over the last year and half or two years it seems like it has really picked up some speed.” The addition of direct flights to Washington, D.C., and Chicago out of the nearby North Central West Virginia Airport has contributed to White Oaks’ continued growth, Thrasher said. “I certainly don’t think it has hurt,” he said. “I know a lot of people with some existing businesses there have been using that a lot. I think it has serviced our area really well.” “That whole area out there has really been great for the city of Bridgeport and for the county and for North Central West Virginia,” Bridgeport Mayor Andy Lang said. “I think that it’s great they are going to continue to expand.”

    The development is divided into three sections, or “phases,” Thrasher said. “In Phase 1, which is where you see most of the buildings, we are closing in toward kind of the end remaining parcels,” he said. “Phase 2 starts with the Thrasher building and goes down to where the assisted living facility will be. They are really kicking off Phase 2 as the first people jumping in there.” In Phase 3, which is still largely vacant, developers estimate White Oaks will continue along its current growth trajectory for the next couple of decades, Thrasher said. “There is probably 20 more years worth of development to happen,” he said. “That’s the plan going forward: To build it out and hope they keep coming.”

    Article By: Charles Young, The Exponent Telegram 

    Interested in White Oaks Business Park? Click here to view the detailed marketing flyer.

  10. Development at Fairmont’s old Owens-Illinois site underway

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    After 30 years of inactivity, the site of the old Owens-Illinois glass factory is finally seeing new development, as a Morgantown developer has committed to reinvigorating what’s now being called the Speedway Business Park.

    In 2015, Merit Development, LLC purchased the land in east Fairmont with hopes to capitalize on the growing economic status of North Central West Virginia, according to Merit Development President Tom Laurita.

    “With the growth of Morgantown and the Bridgeport/Clarksburg area, we felt that Fairmont has become sort of a sweet spot and is in a position to experience growth in the near future,” Laurita said.

    In the years since the purchase of the property, Laurita and Merit Development Asset Manager Russell Bolyard said that plenty of behind-the-scenes work has been underway, despite development itself not starting until June 1 of this year.

    “We’re really still in the early preliminary stages of development,” Bolyard said. “We’re moving the earth. There was a lot of prep work since 2015 that went into the permitting and the cleanup of the site to prepare it for constriction … All of that work had to be done in order to start the earth work…

    “It was a good bit of work. There was testing and the studying of the area, and then the development of the cleanup plan and the cleanup. It took about two years. We got our final completion report in late January of this year,” he said.

    In addition, Fairmont City Planner Sandra Scaffidi said Merit has been doing some heavy work to make sure that, once completed, the park won’t be affected by heavy rainfall or flooding.

    “They’ve been working with FEMA to change the flood-way there to create more developable land,” Scaffidi said. “There’s a channel that runs right through the property, Originally, it was wide and shallow, so now they’re making it narrower and deeper. It’ll retain the same amount of water, but create more developable land.”

    Bolyard said that Merit is about 25 or 30 percent finished with the earth-moving, with hopes to be fully completed with this phase of development by the end of autumn.

    The development, Bolyard said, would be a huge boom to the area, bringing in businesses, jobs and hope to Fairmont.

    “The area is zoned industrial right now, and so it a commercial aspect to that and light industrial work could be done there,” Bolyard said. “We hope to attract business that will improve that area. We’re hoping to provide more jobs and be an asset to Fairmont.”

    Scaffidi agreed, and said that the park, once completed, could change the face of the east side for the better.

    “Aside from bringing quality jobs into our area and increasing our tax base, they are reusing a piece of land that was considered a Brownfields site,” Scaffidi said. “We can’t make new land in Fairmont, so we have to reuse what we have. I think they are creating a whole new energy on east side, putting new businesses there and encouraging new development.”

    Earlier in July, Bolyard and Laurita attended a Fairmont City Council meeting, hoping the city would go along with their plan to name the park’s future roads Glass Avenue, Bottle Works Avenue and Progress Street, each named in dedication to the work done at the site before Merit’s involvement. The council unanimously passed the ordinance to name the streets.

    “The actual naming is a play on the historical significance of the site with the Owens-Illinois glass factory,” Laurita said. “It was a major employer at one time, and there’s a lot of history in glass-making on that site, so we saw the history and decided to continue that and make sure people remember what was there and how great it once was. Hopefully, we can bring it back.”

    Bolyard shared his sentiment, and said that with the new park, they hope to bring the site back to its former glory.

    “It was a productive area at one time,” Bolyard said. “Over 1,000 people were employed there. We actually named one of the streets that will go in there ‘Progress Avenue.’We’re working with the city to bring that area back into a progressive state. It was dormant for over 30 years. We hope people tolerate us while we’re here doing the work so we can bring it back into a progressive state.”

    While the park is still a long way from completion, work is being done every day, and Laurita said that soon Fairmont will be treated to a high quality, well-maintained business park.

    “I hope it becomes a fully developed, vibrant community business park — a place where Fairmont residents can have a place to work and hopefully shop and whatever they need to do in the area. We can create a vibrant community once again on the east side.”

     

    Staff writer John Mark Shaver can be reached at 304-844-8485 or jshaver@theet.com.

  11. 2017 Sectors In Demand

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    Our team is often asked, “How is the market?” Some brokers may respond with a generic, “good”. If you are interested in a general response, we are happy to report the market is currently “great.” Black Diamond Realty’s pipeline is the busiest it has been in its four-year history. That said, we suspect you are more interested in a sophisticated, detailed response. Look no further; we have your answers.

    What…. Sectors?

    At Black Diamond Realty, one of our competitive advantages is our thorough and detailed process. We track every single lead. This allows us to present you with accurate statistics that serve as a reflection of market demand across all sectors. Keep in mind our statistics are influenced by Black Diamond Realty’s current inventory of assets. The following statistics provide the number of sector leads since January 1, 2017:

    Industrial = 83        Office = 59         Retail/Restaurant = 58         Land = 32        Investment = 32

     

    Why… Macro vs Micro?

    Do you believe in the mantra that tells you to focus on what you can control? We do, too. However, we also believe it is not wise to bury your head in the sand. It is critical to think about how macroeconomic factors influence regional market demand. Two positive influencers are currently in play.

    Historically speaking, interest rates remain near all-time lows. This bodes well for investors looking to get into investment opportunities. Although cash is king, we are seeing a lot of companies and individuals levering up to take advantage of favorable bank rates. Refinances have flocked through banks’ doors. Sellers also like low interest rates because funds are cheaper to secure which results in higher valuations while still clearing bank debt-coverage ratios.

    The second macroeconomic factor relates to the reenergization (pun intended) of Marcellus Shale activity. Oil and gas pricing is fluid, literally and figuratively. Pricing has seen nominal rises over the past 12 months. However, recent industrial space demand leads us to believe many companies on the front lines sense prices moving north in the coming years. We suspect their goal is to get established in this area while industrial real estate values are still relatively inexpensive. This will heighten their ability to capture the market and capitalize on contracts as things ramp up. Many articles reference cracker plants and pipelines as the saving grace to lowering the current supply glut. These two variables are currently progressing in a very big way. The O&G industry has potential to replace job losses from coal. Time will tell if this is a long-term regional industrial revolution.

    Where?… Concentrated Areas of Development

    Jobs drive economic growth, and there are plenty of jobs coming to two booming exits along the I-79 corridor. University Town Center/West Ridge and White Oaks Business Parks are the two distinct front runners when considering development hubs in north central WV. University Town Center and WestRidge, both located at I-79, Exit 153, lead the charge as driving forces behind retail and office development in Monongalia County. Simply put, this new exit has created significant buzz in Monongalia County which is expected to remain in play for the next three to five years. A lot of announcements will happen in the coming months. 2018 is slated to be a heavy construction year for this development.

    Thirty miles south of Morgantown, White Oaks Business Park is leading the development charge for Harrison County. Numerous Class A office buildings, spanning a plethora of services, hotels, retail space and several restaurants round out the line-up for this state-of-the-art development. White Oaks is an upscale development, which includes sidewalks throughout and pristine landscaping, while serving as “the talk” of Harrison County as it capitalizes on close proximity to the interstate, UHC and FBI’s Campus. Growth and positive economic announcements are projected to continue in the coming years.

     

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