SHELBY — The Milliron Foundation has acquired 19 Mansfield Ave. in Shelby and will redevelop it into apartments, the Shelby Community Improvement Corporation announced Tuesday.
The redevelopment will include extensive renovations over the next three years, transforming the building into approximately 24 market-rate residential units, including a mix of one- and two-bedroom apartments.
Once complete, the project will expand housing options and support long-term economic growth.
“We are thankful to continue making investments in projects that will have a lasting impact on the future of our community,” said Karl Milliron, COO of the Milliron Foundation.
“This project reflects the type of intentional investment needed to strengthen downtown and create new opportunities for Shelby’s future.”
While led and funded by the Milliron Foundation, the project directly supports the Shelby CIC’s broader vision to reinvigorate downtown, increase housing availability, and return underutilized properties to productive use.
“This project represents exactly the type of strategic investment our community needs,” said Cody Albert, president of the Shelby Community Improvement Corporation. “Market-rate housing is critical to supporting workforce growth by attracting new residents and sustaining our local businesses.
“We are excited to see this property transition into a vibrant residential asset in the heart of our community.”
The transaction was made possible in part through the cooperation and support of the seller, Randy Sampsel, along with the expertise of Dzugan Real Estate, whose partnership played a key role in bringing the deal to fruition.
His efforts underscore the collaborative efforts that continue to drive meaningful progress in Shelby.
“We are incredibly grateful to the Milliron Foundation for their unprecedented investment in Shelby,” said Mayor Steve Schag, City of Shelby. “Their commitment is not only transforming a key property in our downtown, but also helping to shape the future of our community in a meaningful and lasting way.
“This level of partnership and belief in Shelby is truly exceptional, and we are proud to work alongside them.”
The redevelopment of 19 Mansfield Avenue is expected to further enhance the walkability and vibrancy of downtown Shelby, complementing nearby investments and contributing to a more dynamic and livable community.
The Shelby CIC remains committed to supporting projects that align with the city’s long-term vision for growth, housing, and economic development.
About Shelby Community Improvement Corporation (CIC)
The Shelby Community Improvement Corporation is a public-private partnership dedicated to advancing economic development, supporting strategic real estate projects, and enhancing the quality of life in Shelby, Ohio.
Through collaboration with local partners, the CIC works to attract investment, facilitate redevelopment, and implement initiatives that strengthen the community.