CBRE Cincinnati’s Mike McMillan to Represent Proposed Technology Park in Oxford
- Mar 25, 2014
A proposed 74-acre technology park next to Miami University could transform Oxford into Ohio’s Silicon Valley. Or, as Ryan Howard, a character on the popular TV show “The Office,” called it, a “Silicon Prairie.” And it is ready to move forward, now that Mike McMillan of CBRE Cincinnati’s Data Center Solutions Group has been selected to represent the build-to-suit project, find tenants and help get it off the ground.
Todd Dockum, a 1988 Miami University alumnus, is the project’s creator. He first announced it in 2007. According to plans, the proposed Miami Heritage Technology Park will be constructed at the intersection of Oxford Trenton Road and Oxford Milford Road. The multimillion-dollar project is expected to include a variety of buildings, including research-and-development facilities, data centers, offices and labs. The proposed tech park is designed to be “green,” with all the buildings LEED certified.
The project has already secured a $3.5 million “Job Ready Site” grant from the state of Ohio. The money will be available to start construction once a tenant signs a $3 million commitment to construct the first building. It will be spent on infrastructure and utilities.
“The goal for the Miami Heritage Technology Park is to help bring innovation to the Oxford market,” McMillan said in a statement for the press. “Uniting business leadership and university quality will accelerate business growth and retain quality skilled labor in the community.”
The 74-acre park is expected to provide an important economic boost to the city of Oxford, attracting businesses and creating jobs. Businesses will also benefit from the location’s skilled labor market. Citing 2010 Census data, CBRE said that 51 percent of the 23,000 people who live in Oxford have college degrees.
Photo credits: CBRE