Demolition of the structures at 902 Scott Drive began recently as the City of Piqua begins work to redevelop the site.
Advanced Excavating & Demolition began work at the former Red Roof Inn site on July 22. The projected timeline for demolition completion is September 2024.
Between now and fall 2024, City staff will bring before City Commission agreements to proceed with redevelopment of the site by Cincinnati-based BASIS Real Estate.
BASIS plans to develop the land for Olive Garden to build a new restaurant at the site. The development company will also prepare the site for the construction of a Hampton Inn & Suites and will be constructing a Chipotle restaurant. The lease agreements for the restaurants are currently being finalized, and the hotel project is under contract.
Site improvement work is expected to be completed in 2024 to ready the site for the construction of the new buildings, to begin in 2025.
“Moving forward with the first step of this project is a huge step toward further developing the I-75/U.S. 36 interchange and bringing in additional tax revenue for the community,” Piqua City Manager Paul Oberdorfer. “We conducted due diligence and research to ensure success of this project and minimize risk for the City. This collaboration with BASIS ensures that the project will move forward quickly and provide these new amenities to the community in the near future.”