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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.
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
I wonder if anybody is going to move in here specifically to be able to walk to Kahoot's.