Growth Report 2017: CTW Development Forecasts Busy Year
Editor’s Note: The following story is from Growth Report 2017, published by The Business Journal.
CANFIELD, Ohio — Following a successful 2016, CTW Development Corp. anticipates a busy year ahead as it begins construction of a 900-seat banquet center to complement its Courtyard Marriott hotel in Canfield and redevelops 1301 Tiffany Plaza in Boardman.
“We have some additional plans in the works for the coming year,” says Chuck Whitman, owner and president of Boardman-based CTW. “We are excited about them, and we hope the public will be too.”
Work on 1301 Tiffany Plaza – at the corner of U.S. Route 224 and Tiffany Boulevard – should begin this year and include a 19,700-square-foot building that Whitman describes as a “landmark piece” with an attractive design and expanded parking.
The new banquet center, to be built at CTW’s Westford Lifestyle Community off Route 224 in Canfield, will include floor-to-ceiling windows that provide a panoramic view of the company’s Kennsington Golf Club.
The projects build on a successful 2016 that witnessed market expansion, more business and new nonprofit partnerships. “Not only was it a busy year, but it was a strong one for CTW Development,” Whitman says.
CTW, formed in 1987 by Whitman, offers more than one million square feet of office and retail space and has developed more than 600 residential home sites in the Mahoning Valley. Due to strong demand, CTW sold additional residential lots last year at its Westford Community.
The 110-room Courtyard Marriott, opened in June 2015, consistently increases business, Whitman says. The hotel works with Kennsington Golf Club and Grille on special events, fund-raisers and golf packages. In October former President Bill Clinton stayed at the hotel, and Kennsington Grille prepared dinner for Clinton, his staff and secret service entourage.
Also last year, the 18-hole Kennsington Golf Club hired a new director of golf and PGA professional, Jeff Crittenden. Ranked third in the world in long drive, Crittenden comes from North Carolina Golf Academy.
CTW further expanded its footprint with the purchase of Clocktower Plaza in Lima. The retail center includes nearly 238,000 square feet of space and houses local and regional tenants. Whitman says CTW increased occupancy from less than 20% to more than 75% at the end of 2016.
The company also sold a parcel in front of Windham Court in Boardman to Panda Express. The Asian-American restaurant opened Oct. 1.
CTW and Kennsington make it a priority to partner with nonprofit organizations, Whitman says. These include Second Harvest Food Bank, American Cancer Society, American Red Cross, Making Kids Count, Toys for Tots and other local charities. At Kennsington, CTW hosted food and toy drives, fundraisers and donated rounds of golf to charities, churches and school organizations.
Copyright 2022 The Business Journal, Youngstown, Ohio.