Monday evening Laura Walls Executive Director of the Marshall County Economic Development Corporation appeared before the Plymouth City Council with HP Plymouth LLC who was seeking a Tax Abatement to construct a new industrial building.
City Attorney Sean Surrisi presented a resolution for the council’s consideration to declare certain real estate to be within an Economic Revitalization Area.
HP Plymouth LLC is Holiday Properties a real estate development and property management firm based out of South Bend. They plan to construct a 25,000 square foot building at the western end of Miller Drive.
Paul Phair from Holiday Properties said this is a new build to suit facility that is being built specifically for Renewal by Anderson. They have an agreement for a long-term lease of the facility and Mr. Phair said Renewal by Anderson is really the beneficiary of the project. Renewal will be creating the jobs in Plymouth and not Holiday.
Keith Hix, the President of Renewal by Anderson Midwest zoomed into the meeting. He said, “We’ve been in the Indiana market, specifically the northern Indiana market, based out of South Bend since about 2013. In 2018 our marketplace was growing and expanding so much the decision was made to turn the northern Indiana market into its own business. The great news for us is our business continues to grow and expand and we’ve been looking for a new long-term space in order to move our business forward into the next decade and going forward. Plymouth happens to be the best location for us, not only for the type of city that it is but also the actual location being so close to highways 30 and 31.” He said the plan to shut down the South Bend operations and move everything to Plymouth.
The project summary showed a 6.4-acre piece of property where the distribution facility and office location will be built at a cost of $3.4 million not including the property which is valued at $160,000 and the development fee. They plan to break ground in June with completion of the building in January or February 2023.
The Tax Abatement request is a 10-year phase-in for the real estate.
Mr. Hix said they plan to bring employees from the South Bend location to Plymouth and have some of the employees from Carmel relocate to Plymouth. He said they plan to add another 10 to 15 jobs minimum with a total of 85. Entry-level jobs begin from $18 to $22 hourly plus an attractive benefits plan including health insurance, 401K with a 15% match, mental health services and Gratify a helps repay back college loans and continuing education.
Following the presentation, Laura Walls from MCEDC said Holiday Properties has a huge real estate portfolio. She said, “This is a top-notch company. Well respected, doing innovative projects around the state.”
The Plymouth Common Council unanimously approved the resolution declaring the property to be in an Economic Revitalization Area (ERA). A public hearing will be held at the next city meeting on April 11th.