MEDINA — The city will apply for a state grant to help develop the Medina Farmers Exchange at 320 S. Court St.
City Council’s Finance Committee agreed Monday to apply for up to $250,000 from the Ohio Development Services Agency. The grant does not require local matching funds.
The owner of the Farmers Exchange is planning a large-scale renovation of the property, but specifics are not yet available.
“They’re still looking at different options and ideas, and we haven’t gotten any proposals yet,” said Greg Hannan, the city’s planning and community development director.
Hannan said the project will include housing on the upper floors of the building.
“We’ve been looking forward to an urban housing project for several years, and we’ve been trying to work toward that end,” he said.
Council designated the building a local landmark in May.
The Farmers Exchange, which sells farm, pet, home and garden supplies, operates on the first floor of the building, and the other floors are used for storage.
The Farmers Exchange has been on South Court Street since 1904. The building burned down twice — once in 1905 and again in 1935 — and was rebuilt both times. Some of the metal structures from the building’s mill operations in the 1930s have been preserved.
A public meeting, required by the grant, is 5:30 p.m. Thursday at City Hall, 132 N. Elmwood Ave. At the meeting, the property owner will provide an introduction to the project, Hannan said.
Contact reporter Kiera Manion-Fischer at (330) 721-4049 or email@example.com.