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Quote from: Columbo on March 01, 2012, 04:26:38 AMAnd here is an example of the infill development talked about in the previous article. In this case, the infill development is from property being annexed from Clinton Township into the Fifth by Northwest neighborhood of Columbus - an internal annexation instead an annexation at the edge of Columbus.New apartment complex planned for Fifth by Northwest areaRezoning for Chesapeake Avenue properties is set for approval next month; 32 units are planned.By MARK DUBOVEC, COLUMBUS LOCAL NEWSPublished: Monday, February 20, 2012 - 6:32 PM ESTThe city of Columbus is considering a proposed apartment complex in the Fifth by Northwest area after annexing property from Clinton Township.Metropolitan Holdings, a boutique commercial real estate brokerage firm, submitted plans to purchase properties at 1404, 1438 and 1472 Chesapeake Ave. and redevelop the sites into apartment buildings. Each property is composed of a number of different parcels, with each parcel containing a pair of multifamily dwellings.In total, there would be 32 residential units at the development.MORE: http://www.snponline.com/articles/2012/02/21/tri-village_news/news/tvchesapea_20120220_1055am_5.txtThis 32-unit project in the 5xNW neighborhood between Grandview and Upper Arlington is under construction. The developer is advertising the project and has included a rendering of it. Below is the link to the advertising page and the rendering. The Chesapeake Avenue location is kinda interesting too. It's right behind the Kroger store on Northwest Boulevard.Chesapeake Avenue - 32 units
And here is an example of the infill development talked about in the previous article. In this case, the infill development is from property being annexed from Clinton Township into the Fifth by Northwest neighborhood of Columbus - an internal annexation instead an annexation at the edge of Columbus.New apartment complex planned for Fifth by Northwest areaRezoning for Chesapeake Avenue properties is set for approval next month; 32 units are planned.By MARK DUBOVEC, COLUMBUS LOCAL NEWSPublished: Monday, February 20, 2012 - 6:32 PM ESTThe city of Columbus is considering a proposed apartment complex in the Fifth by Northwest area after annexing property from Clinton Township.Metropolitan Holdings, a boutique commercial real estate brokerage firm, submitted plans to purchase properties at 1404, 1438 and 1472 Chesapeake Ave. and redevelop the sites into apartment buildings. Each property is composed of a number of different parcels, with each parcel containing a pair of multifamily dwellings.In total, there would be 32 residential units at the development.MORE: http://www.snponline.com/articles/2012/02/21/tri-village_news/news/tvchesapea_20120220_1055am_5.txt
A slightly inaccurate headline but an interesting article from the Dispatch that looks the evolving nature of development in Columbus. By requiring annexation in exchange for connecting to the city's water and sewer system, Columbus was able to bring greenfield development sites into the City of Columbus instead of allowing them to go surrounding suburbs. I included a 1834-2007 annexation graph that came from a 2009 article to show the city's annexation history.Also included is a chart from the below article that shows annexation and new construction permits issued from 2007 to 2011. The amount of annexation has gone way down. Yet the number of new construction building permits has increased every year. What the data and the article show is that infill development and brownfield sites are making up a greater and greater percentage of construction activity within the Columbus city limits.Developers in Columbus focus on apartments near DowntownBy Doug Caruso, The Columbus DispatchMonday, February 20, 2012 - 5:34 AMRising numbers of new-building permits and zoning applications in Columbus bode well for two things: the local economy and controversy. Development has been rebounding since the end of the recession, officials, developers and neighborhood leaders agree, although it hasn’t come close to the boom times of the 1990s and early 2000s. In 2001, for example, Columbus annexed 1,230 acres, nearly 2 square miles. Annexations reached a low of 19.4 acres in 2009 and in 2011 edged up to 146 acres, including 108 acres for the Hollywood Casino on the West Side. “They were taking in, back in the heyday, plots of a couple hundred lots at a time,” said Chris Presutti, the city’s chief zoning official, “and they were building the houses before they were even sold.” Today, he said, most development is infill development — meaning it typically occurs inside the city, not at the edges, and in smaller batches to fill in empty spaces.MORE: http://www.dispatch.com/content/stories/local/2012/02/20/developers-in-columbus-focus-on-apartments-near-downtown.html
Here's more info on the new tower at Riverside Methodist Hospital, the Neuroscience Institute. Press Release - http://www.ohiohealth.com/body.cfm?id=384&action=detail&ref=1197Riverside's page - http://www.ohiohealth.com/neuroscienceinstitute
Good news. I kinda like the shape of that new addition. Here are a couple more articles about the new tower for Riverside:Dispatch: Riverside adding neuro facility - $321 million, 10-story tower will add 330 full-time jobsBusiness First: Riverside Methodist to get towering expansion
About 4.5 percent of central Ohio apartments are vacant, and the rate is much lower in some areas, said Rob Vogt, a partner in the Columbus real-estate research firm Vogt Santer Insights. “I don’t think I’ve seen this good of rental conditions in at least 20 years,” Vogt said. The national vacancy rate is 4.9 percent, the lowest in a decade, according to the national real-estate research firm Reis Inc. In Columbus’ popular urban neighborhoods, vacancies are rare, leaving renters to hunt-and-peck through web ads, apartment-management companies and street signs in the hopes of finding an available unit. Yianni Vitellas put an advertisement on Craigslist a few weeks ago for a vacant apartment in a building he owns in Victorian Village. About five hours after he posted the ad, he had 80 responses. By the time he responded to the queries the next day, the number had grown to 150. “I had so many, I thought it might be a scam,” said Vitellas, who scheduled a group open house to handle the huge interest, as many other landlords are doing. "My mom was outside the building 20 minutes before it started and said there were about 30 people waiting to get in. There is definitely a huge pent-up demand.” Jim Kirkpatrick, the owner of Midtown Realty Co., thinks this may be the tightest market he has seen in his 30 years of managing real estate in the Short North.
I'm feeling like there were several projects missed on that map. For example, with the Neighborhood Launch project, the 260 units are only for 2 buildings. There will be at least two more buildings after that, so you can probably add at least 100+ more. Also, where are the 288 units for the Jeffrey site coming from? I didn't know any formal plans for the site had been announced. The last I hear, the site layout was still in planning.
Mildly interesting report from last week's Business First about a former Borders bookstore in northwest Columbus being redeveloped as a retail center. But what really caught my eye was the two businesses that will anchor the new retail center - and the name of one. Please see the excerpt below...Former Borders getting new life as gym-anchored shopping centerBusiness First by Brian R. Ball, Staff reporter Date: Friday, September 28, 2012, 6:00am EDTThe former Borders bookstore at Henderson and Kenny roads in Columbus is targeted to be partially razed and redeveloped into a retail plaza.(. . .)The property has attracted two end-cap tenants. The Title Boxing Club fitness center chain will fill about 7,000 square feet at the western end, and Average Joe’s Pub and Grill will lease space at the eastern end.MORE: http://www.bizjournals.com/columbus/print-edition/2012/09/28/former-borders-getting-new-life-as.htmlTitle Boxing Club and Average Joe's Pub and Grill. I've heard of "Average Joe's" before - but it was fitness related, not restaurant related.
Removal of Fifth Avenue Dam Scheduled This Fall By: Walker Evans, Columbus UndergroundPublished on June 26, 2012 - 1:50 pmAfter a decade of discussion, the removal of the Fifth Avenue lowhead dam will finally be moving forward. The Ohio EPA and OSU have both signed off on allowing the Columbus Department of Public Utilities to remove the dam and restore the flow of this portion of the Olentangy River. Yesterday evening (June 25), Columbus City Council passed legislation that will set the stage for the removal of the dam sometime this fall.(. . .)The project is expected to cost approximately $6.9 million, which includes the redesign of the shoreline and the landscaping of native plants along the river. The river will eventually connect Downtown where the Main Street Dam is also being planned for removal, creating an interconnected navigable waterway.MORE: http://www.columbusunderground.com/removal-of-fifth-avenue-dam-scheduled-this-fall