FOR IMMEDIATE RELEASE: January 12, 2021

CONTACT INFORMATION:

Danielle Haney, Director of Communications

DealPoint Merrill, LLC.
22815 Ventura Boulevard, Suite 310
Woodland Hills, CA 91364

(310) 671-3900 Tel | (310) 671-4100

dfhaney@dealpointmerrill.com / www.dealpointmerrill.com

Will provide stormwater reduction for Belle Oaks at Richmond Road Project

[Richmond Heights, Ohio]:  DealPoint Merrill and Belle Oaks Marketplace, a 69 acre development, announce the acquisition of thirteen (13) specific parcels of land located directly across from Richmond Town Square Mall. These parcels include the original detention basin designed for the mall’s construction and use and are critical elements to the Belle Oaks project’s Stormwater Pollution Prevention Program (SWP3).  The Stormwater pollution mitigation will be handled on site during the construction phase. Inspection and maintenance plans will be filed, as required, as the Belle Oaks at Richmond Road project progresses.

About Belle Oaks at Richmond Road:
The Belle Oaks at Richmond Road development is expected to top 1,617,800 square feet*.  Belle Oaks at Richmond Road will be the pre-eminent mixed-use, multi-family community in the region.  The 69-acre site will be a pedestrian-friendly environment with a walkable street grid surrounding a $10M+ landscaping plan that includes lush greenspaces and best-in-class amenities. Once fully envisioned, the project will consist of 791 Class-A apartment units with approximately 315,000 square feet of retail, including a completely renovated Regal Cinema 20-screen theater complex.

* Square footage calculation assumes the acquisition of the balance of the mall property, approximately 907,102 square feet, South of the former Sears property that is already owned by DealPoint Merrill of Woodland, California.

About DealPoint Merrill:
Based in Los Angeles since 1985, DealPoint Merrill and its affiliates have established a long-term national track record of success with a scope of operations encompassing development and construction.  The senior management team and shareholders of the Company have collectively acquired, refinanced and sold major real estate assets in excess of $1 billion, inclusive of the development and redevelopment.

For more information on the Belle Oaks at Richmond Road development, please visit www.belleoaksrichmond.com