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Columbus: Downtown: Millennial Tower

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Can we confirm that ANY of Arshot's proposals have ever been built?

 

Arshot built the taller, tower addition to the 5/3 building at State and High in 1998 (but no longer own it), and renovated the former Woolworths across High St into CVS/Subway and offices (topped with an LED screen) around that time as well. They also built the brick office building facing Bicentennial Park (directly behind the Millennial Tower lot, though they also no longer are the owner) I want to say around 2002. Before that they were active in the Brewery District and still own the Worley Building and much of the renovated Hoster Brewing complex there (and freeway adjacent LED screen). Most recently they redid the smaller brick office building at State and High and connected it into their neighboring Woolworths project (while also of course adding a massive LED ad screen wrap)

 

edit: cbussoccer beat me to it! :)

 

Just barely lol.

 

Do you know of any failed high profile projects by Arshot, other than SPARC? SPARC is the only one that comes to mind for me. If that's the case, I find it quite humorous that the general consensus seems to be there is no way Millennial Tower happens because SPARC never happened. Millennial Tower is a mixed-use tower in a quickly growing part of downtown. SPARC was an extremely ambitious race track based idea in a dead part of town. I'm not sure the two are comparable. 

 

Thank you both for answering my question, albeit that it was supposed to be somewhat sarcastic.  Their website is as dated as their most recent success.  I really hope this happens because I want everything proposed, especially this in its newly approved form.  I'm just not going to hold my breath until the first piece of steel is raised.

 

All in all I don't think SPARC was that outrageous of a plan and he had some big names involved.  We have a very good car culture here in Central Ohio and even with that it was a BIG swing and a miss somehow.  Would've been very nice to have around during Goodguy's, the races up at Mid-Ohio(who they should've included), they added MAG(not the best business partner but great for the brands) and probably should've included the Byers/Ricart/Germain families. 

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Has this started yet?

 

If only, No it seems for the most part we are all still in the dark on this one.

The LED board at State & High is still running ads for office and retail tenants, ELFORD is still running ads for office tenants, and the tower did get final approval from the Downtown commission... but no dirt has been moved.

 

Theories

- The site is currently being used as construction staging for the LC projects, so maybe Arshot is waiting for that to wrap up before they break ground (milk it for every penny they can)

- The site also has monthly parking permits that they may be phasing out

- The project still has a bit more financial finagling to get wrapped up or construction to schedule (which I hear it'sbecome a nightmare to get labor)

- The project is maybe dead

 

I hope its the first or second but time will tell. What I do know is that in the year and a half it took to get approvals the estimated costs went from $90 Million to $150 Million, that concerns me. I walk by it daily looking for signs of life.

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Possible Update

 

Elford has been contracted as the construction and leasing group for this project and has had it subtly listed on their website for about 6 months now since approval... Thats not really news.

What is news however is the recent updates to their website regarding the project:

 

- Now prominently featured on their "FREATURED PROJECTS" page

- Now has two agents attached to the project

- Now listing the hotel as a 130 Room Hilton Hotel

- Added a theatre to the building features

- Now has a complete breakdown of CAM, Available office, Retail, and Condos

 

Does this mean we are closer to this happening? Not sure but it is new as I've been closely watching this page for months.

Anyone daring enough to make some calls? Haha

 

https://elfordrealty.com/property/millennial-tower/

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Possible Update

 

Elford has been contracted as the construction and leasing group for this project and has had it subtly listed on their website for about 6 months now since approval... Thats not really news.

What is news however is the recent updates to their website regarding the project:

 

- Now prominently featured on their "FREATURED PROJECTS" page

- Now has two agents attached to the project

- Now listing the hotel as a 130 Room Hilton Hotel

- Added a theatre to the building features

- Now has a complete breakdown of CAM, Available office, Retail, and Condos

 

Does this mean we are closer to this happening? Not sure but it is new as I've been closely watching this page for months.

Anyone daring enough to make some calls? Haha

 

https://elfordrealty.com/property/millennial-tower/

 

Interesting. Maybe we could get things moving before the end of the year....

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Possible Update

 

Elford has been contracted as the construction and leasing group for this project and has had it subtly listed on their website for about 6 months now since approval... Thats not really news.

What is news however is the recent updates to their website regarding the project:

 

- Now prominently featured on their "FREATURED PROJECTS" page

- Now has two agents attached to the project

- Now listing the hotel as a 130 Room Hilton Hotel

- Added a theatre to the building features

- Now has a complete breakdown of CAM, Available office, Retail, and Condos

 

Does this mean we are closer to this happening? Not sure but it is new as I've been closely watching this page for months.

Anyone daring enough to make some calls? Haha

 

https://elfordrealty.com/property/millennial-tower/

 

Interesting. Maybe we could get things moving before the end of the year....

 

Andy Mills makes things happen, I'm taking this project a lot more seriously now that he's on board.  Also I trust his guidance overall a lot more than Arshot, this building will be built right and to last.

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Possible Update

 

Elford has been contracted as the construction and leasing group for this project and has had it subtly listed on their website for about 6 months now since approval... Thats not really news.

What is news however is the recent updates to their website regarding the project:

 

- Now prominently featured on their "FREATURED PROJECTS" page

- Now has two agents attached to the project

- Now listing the hotel as a 130 Room Hilton Hotel

- Added a theatre to the building features

- Now has a complete breakdown of CAM, Available office, Retail, and Condos

 

Does this mean we are closer to this happening? Not sure but it is new as I've been closely watching this page for months.

Anyone daring enough to make some calls? Haha

 

https://elfordrealty.com/property/millennial-tower/

 

Interesting. Maybe we could get things moving before the end of the year....

 

Andy Mills makes things happen, I'm taking this project a lot more seriously now that he's on board.  Also I trust his guidance overall a lot more than Arshot, this building will be built right and to last.

 

So this means that Arshot is out? I hope so. Any news?

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Possible Update

 

Elford has been contracted as the construction and leasing group for this project and has had it subtly listed on their website for about 6 months now since approval... Thats not really news.

What is news however is the recent updates to their website regarding the project:

 

- Now prominently featured on their "FREATURED PROJECTS" page

- Now has two agents attached to the project

- Now listing the hotel as a 130 Room Hilton Hotel

- Added a theatre to the building features

- Now has a complete breakdown of CAM, Available office, Retail, and Condos

 

Does this mean we are closer to this happening? Not sure but it is new as I've been closely watching this page for months.

Anyone daring enough to make some calls? Haha

 

https://elfordrealty.com/property/millennial-tower/

 

Interesting. Maybe we could get things moving before the end of the year....

 

Andy Mills makes things happen, I'm taking this project a lot more seriously now that he's on board.  Also I trust his guidance overall a lot more than Arshot, this building will be built right and to last.

 

So this means that Arshot is out? I hope so. Any news?

 

No, sadly. Arshot will be/is the principal developer but Elford will be managing the construction (if it ever happens) and the commercial leasing.

 

Updates regarding the project ... I've done some asking around and while basically nobody knows anything more than the next (usually not a great sign), I was told that basically Arshot badly wants an anchor office tenant before moving forward, and that hasn't happened. I have been told there have been discussions, but nothing is concrete.

 

As for the site itself, I did some strolling around this weekend and realized that the staging space and construction trailer for the LC projects is no longer on site. To me, this doesn't mean much good or bad. The LC projects are still under construction so the space is needed, while Arshot could have kicked them off to start site work for Millennial, a more likely reason is that the LC found cheaper or on-site space to use. However, I decided to stroll up to High and State and watch the LED marquee on the Heartland offices for a few and to my delight, a new Millennial Tower leasing opportunity ad was displaying. While none of this means anything is starting soon, ad space is expensive (even if its your own) and to me that shows thats things still may be happening behind the scenes.

 

That's all I got.

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I was walking around downtown yesterday and decided to check out some of the construction progress of a few buildings when I discovered this has been added along the Front & Rich intersection...

 

5F1DDC82-A16D-41BD-AC4B-B4E5161F3A6E.jpeg

 

1993AC36-7D6C-494E-969C-9CC09BA982B2.thumb.jpeg.0c23bc1b83f6920d34ba37b989465a18.jpeg

 

I saw one of the other posters said they noticed the LC construction trailers had been removed and I also noticed that the lot no longer offers monthly parking passes. I'm taking this as a good thing. Progress! 

Edited by DevolsDance
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It's getting taller...

 

Millennial Tower, now at 28 stories, still expected to rise in RiverSouth

 

screen-shot-2018-11-14-at-30527-pm*750xx

 

What's likely to be the highest-profile project in the burgeoning RiverSouth neighborhood is still a go, developers say, despite two and half years passing since Millennial Tower was first proposed.

 

“We are actively proceeding with the project, as there is significant market demand for a mixed-use project of this magnitude," Arshot Investment Corp. Principal Bill Schottenstein said in an email. "Columbus is moving beyond the outdated classical commercial building model and towards spaces that promote connectivity and community engagement."

 

The design of the proposed 750,000-square-foot tower was approved by the Downtown Commission in January.

 

The project could cost $150 million, according to Michael Coleman, the former Columbus mayor now with Ice Miller LLP representing the development team.

 

Elford Realty continues to market the property, with suites for lease posted from 1,300 to 20,000 square feet, said Andy Mills, who is representing the project alongside Kristy Daniel and Cierra Rider. Interest has been "very strong," he told me.

 

More below:

https://www.bizjournals.com/columbus/news/2018/11/15/millennial-tower-now-at-28-stories-still-expected.html

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"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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It sounds like once they get an anchor tenant signed, they are ready to get started. I wonder how much space the anchor tenant will need to take up, and if there are any potential tenants that are actively looking for new space. I suggested Chipotle a while back given they are bringing more jobs here and moving out of their old office space, but I'm not sure if they would take up enough space to be an anchor tenant. 

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Looks like Elford has updated its site over the last week or so now with more details and possibly a more clear picture of the leasing situation 

 

https://elfordrealty.com/property/millennial-tower/

 

Based on the "Project" numbers vs the available numbers, It looks like they maybe have about 30,000 SF leased office wise and about 5,000 SF in retail. 

I came up with this based on some quick math and site stats but, it's something. 

 

I've heard there is some movement, which is good, but like I said a few months ago, I've been told they're really holding out for a key tenant. 

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7 hours ago, tlb919 said:

Looks like Elford has updated its site over the last week or so now with more details and possibly a more clear picture of the leasing situation 

 

https://elfordrealty.com/property/millennial-tower/

 

Based on the "Project" numbers vs the available numbers, It looks like they maybe have about 30,000 SF leased office wise and about 5,000 SF in retail. 

I came up with this based on some quick math and site stats but, it's something. 

 

I've heard there is some movement, which is good, but like I said a few months ago, I've been told they're really holding out for a key tenant. 

That site also advertises 20 foot ceilings which at 27 stories would make it much taller than the designs. I'm assuming not all floors would be 20 foot?

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10 hours ago, Gino27 said:

That site also advertises 20 foot ceilings which at 27 stories would make it much taller than the designs. I'm assuming not all floors would be 20 foot?

 

The commercial floors will probably be 20 foot ceilings while the residential floors will be less. The renderings seem to depict this. 

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This is exciting. I really hope they get someone! Chipotle still seems like the perfect "key tenant" : p 

 

I work right next to this lot and every day I hope to see something happen, haha. I'll post something as soon as I notice cars being unable to park in that lot anymore 😄

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The sign on this lot that was posted earlier has been vandalized or something.......it only has one side of it there now instead of "both" sides of the corner. I can't determine if it was intentional or not : (

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2 hours ago, Zyrokai said:

The sign on this lot that was posted earlier has been vandalized or something.......it only has one side of it there now instead of "both" sides of the corner. I can't determine if it was intentional or not : (

 

For some reason it reminds me of the Ibiza on High sign in the Short North.  It was there for years promising something that was never going to happen, slowly decaying over time.

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I'm not writing it off yet. Cbus Biz First had an article on it just this past November and the building got taller and had a stated intention to break ground in the spring. I'll let that deadline come and go before I give up hope.

 

Besides people in Cleveland have been waiting since 2014 to figure out if NuCLEus is going to get built, I feel like we can hold out a bit longer for our own stupidly named tower. 

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My guess is that they're trying to secure a primary tenant and going back and forth with the city on design. Urban developments are difficult for Schottenstien. Their bread and butter is suburban developments. 

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1 hour ago, Lucas_uLsac said:

My guess is that they're trying to secure a primary tenant and going back and forth with the city on design. Urban developments are difficult for Schottenstien. Their bread and butter is suburban developments. 

 

Weren't the design issues all ironed out with the city? I thought they were supposedly just waiting for an anchor tenant at this point. 

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2 hours ago, cbussoccer said:

 

Weren't the design issues all ironed out with the city? I thought they were supposedly just waiting for an anchor tenant at this point. 

 

They were with the commission, but I don't know about the city. This could be small things like trying to meet fire code, rezoning, HVAC requirements and whatnot. 

 

 

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2 minutes ago, Lucas_uLsac said:

 

They were with the commission, but I don't know about the city. This could be small things like trying to meet fire code, rezoning, HVAC requirements and whatnot. 

 

 

 

Oh, gotcha. When you said design I thought you were talking more about aesthetics and whatnot, given the "drama" surrounding the LED boards they wanted to use originally.  

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Millennial Tower was approved in January: https://www.columbus.gov/uploadedFiles/Columbus/Departments/Development/Boards_and_Commissions/Downtown_Commission/Meetings/2018/DtCommResults 1-18 Jan 23.pdf 

 

The developer has not submitted anything else to the city since this approval. 

 

If they were going to build it anytime soon they would have to submit a site plan for site plan review and confirm the zoning and building plan sets match the Downtown Commission design approval, a separate plan for the street improvements to meet the downtown streetscaping design standards, and a foundation and building permit for the structure and likely other associated permits. They'd also need to combine parcels with Franklin County and get a certified address. None of that has been submitted and all of that review takes a significant amount of time.  

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If all these hearings for design review weren't free I feel like it would weed out the unrealistic proposals to an extent. It takes a lot of time and effort to design the projects but it also takes a lot of city resources to review the project and utilize building space for the lengthy hearings not to mention the cost of staffing the department that handles all the historic / architectural review. A lot of cities charge for the service and I think a lot of developers are abusing the process by coming back repeatedly for review and then not building the project. 

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19 hours ago, 17thState said:

I'm not writing it off yet. Cbus Biz First had an article on it just this past November and the building got taller and had a stated intention to break ground in the spring. I'll let that deadline come and go before I give up hope.

 

Besides people in Cleveland have been waiting since 2014 to figure out if NuCLEus is going to get built, I feel like we can hold out a bit longer for our own stupidly named tower. 

The Millennial name is a bit dated in 2019.

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What's so mind boggling about this one is that it had the backing of former mayor Michael Coleman. He was the one that made this possible, so you'd think it would actually happen.

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19 hours ago, 17thState said:

I'm not writing it off yet. Cbus Biz First had an article on it just this past November and the building got taller and had a stated intention to break ground in the spring. I'll let that deadline come and go before I give up hope.

 

Besides people in Cleveland have been waiting since 2014 to figure out if NuCLEus is going to get built, I feel like we can hold out a bit longer for our own stupidly named tower. 

But Columbus is the ''boomiest'' town in the midwest; what gives on this project?  Surprised it isn't up and open by now.  Just reviewing this thread from the start, that initial design is horrible so maybe it's a good thing at least that version wasn't built.

Edited by Oxford19

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1 minute ago, Zyrokai said:

What's so mind boggling about this one is that it had the backing of former mayor Michael Coleman. He was the one that made this possible, so you'd think it would actually happen.

You'd think they'd try to involve the Columbus Downtown Development Corporation to get this off the ground. 3CDC the Cincinnati equivalent of the CDDC has managed to get a bunch of significant projects that probably wouldn't pencil out otherwise to break ground. I don't see the problem with some more intervention to help Downtown Columbus grow and prosper. Anything that helps realize a full build out of the River South area would be a big win for the city. 

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Go to downtown Charlotte,  Austin, and even Indianapolis,  they have several buildings over 30 floors under construction.  Columbus isn't getting the job done. A lot of New Yorkers who are or have relocated here want height. For some reason they dont want to live in some 5 story high building downtown.  

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34 minutes ago, TriggerFor said:

Go to downtown Charlotte,  Austin, and even Indianapolis,  they have several buildings over 30 floors under construction.  Columbus isn't getting the job done. A lot of New Yorkers who are or have relocated here want height. For some reason they dont want to live in some 5 story high building downtown.  

 

I wish everyone would stop re-hashing this same tired argument all over again.  The height issue has been debated over and over on every Columbus thread.  Columbus is doing just fine.  This is about development of the tower specifically, not a place to debate the "failings" of Columbus in the height department.

Edited by jeremyck01
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Just now, jeremyck01 said:

 

I wish everyone would stop re-hashing this same tired argument all over again.  The height issue has been debated over and over on every Columbus thread.  Columbus is doing just fine.  This is about development of the tower specifically, not a place to debate the "failings" of Columbus in the height department.

25 floors though isn't really all that ''height''.

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2 hours ago, TriggerFor said:

Go to downtown Charlotte,  Austin, and even Indianapolis,  they have several buildings over 30 floors under construction.  Columbus isn't getting the job done. A lot of New Yorkers who are or have relocated here want height. For some reason they dont want to live in some 5 story high building downtown.  

What you said about those cities is true, but what people need to understand is that Charlotte heavily relies on banking which has historically preferred tall office towers, they're getting taller apartment buildings but they have light rail which definitely catalyzes development intensity near stations. Even though Charlotte is kind of a generic city, their downtown is more desirable than ours which also adds development pressure. 

 

Correct me if I'm wrong but the tall proposal right now in Indianapolis is a convention center hotel. Those are usually backed by the city or county which makes the taller building easier to develop. Let's keep in mind we have our own taller convention center hotel that will most definitely get built. 

 

Austin is growing at an insanely rapid pace and is getting very tall buildings, but with the tech salaries there and with how expensive those rents and condo sale prices are, that supports the increased construction costs. I am unsure if there's a market for that many $800,000 condos or $3,000 a month apartments in downtown Columbus. 

 

Aside from the immediate city centers of those cities, the vast majority of the development they see is 5-7 story buildings just like in Columbus because that is what is most profitable and easiest to build. If you look along the light rail line south of Uptown Charlotte most of those buildings are similar to what you'd see here: https://goo.gl/maps/MDuTWnz1J722 

 

Same in Austin: https://goo.gl/maps/BdwKHAufTk22

 

Same in Indy: https://goo.gl/maps/nYDTVwrPcPS2 

 

 

What perplexes me is how other cities can make their taller proposals happen when developers in Columbus can't despite faster growth and a stronger economy. If Cleveland can have Lumen and the Beacon why can't Columbus get North Market tower or this development to pencil out? 

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Well Arshot sucks lol. Schottenstein involvement seems to be a sign of doom for so many things(Cooper Stadium, Central Station, this...). On the other hand this thing was never a beauty even in revised form so if it does not happen maybe down the road something better looking and maybe even just as tall will. 

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Don't think of this tower as a comparison to Lumen or Beacon. You have yourself a mini version of NuCLEus, a wacky design that just wouldn't age well in future architecture. NuCLEus was approved on the design board, but never passed through for TIF, and I'm guessing the state bill never was a priority before the Lame Duck sessions, so they decided to scale it back. It's the first news we got about the project in about 8-10 months. Better to scale it down than to not have a building at all.

 

For the amount of tall structures Columbus has planned, it seems like your market for housing and office space is slowing down. You already have sizeable firms and buildings to make that happen. But to build something just because it may be visually appealing, may have a purpose in the future, or may update the skyline, has no current purpose. You have way too much in the books right now. Its better to wait for the opportunity.

Edited by tastybunns

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The problem is there is a huge demand for skyline and river views. Unfortunately literally no one is building what there is a demand for. I live downtown and many of my neighbors are waiting for a project with views. I do relocation and many from New York want only nice views downtown.  If our developers can't get the job done start selling off to Chicago and New York developer's.  We have to make our city appealing to individuals from other large cities. A bunch parking lots and 5 story buildings don't do the job 

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On 3/7/2019 at 3:12 AM, TriggerFor said:

The problem is there is a huge demand for skyline and river views. Unfortunately literally no one is building what there is a demand for. I live downtown and many of my neighbors are waiting for a project with views. I do relocation and many from New York want only nice views downtown.  If our developers can't get the job done start selling off to Chicago and New York developer's.  We have to make our city appealing to individuals from other large cities. A bunch parking lots and 5 story buildings don't do the job 

Who gives a sh#t about what people moving to Columbus from NYC and Chicago want. First and foremost they're driving the housing market through the roof, which is great if you own property. Second most people that have moved back or relocated do so because they want cheaper cost of living and a more space.  I would love to see where this "huge" demand to see the Olentangy is coming from, because I'm calling BS. 

Edited by MayDay
Please refrain from profanity (keep it work safe).
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For some more light-hearted news, the sign that I reported as being vandalized or broken by the wind storm aweek or two ago has been fully repaired and is up again! So at least they care a little bit!

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5 hours ago, Zyrokai said:

For some more light-hearted news, the sign that I reported as being vandalized or broken by the wind storm aweek or two ago has been fully repaired and is up again! So at least they care a little bit!

 

Hmmm, that is actually more important news then I think people may realize. I mean yes it's just a sign, but those signs are actually quite pricey (plus install)for someone just trying to create smoke and mirrors, and secondly that means they are actively still marketing/focusing on the project. 

 

Yes it's Arsho,t but that shows there is still movement. It's not like that sign sat vandalized for months, they replaced it within days. If the project was truly dead this would not be the case. 

 

Keep (slightly realistic) hopes alive people. 

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I think the only real view is of the skyline itself. look at Miranova and North Bank Condo buildings-they all are positioned to have views of the rest of the downtown skyline. Panoramic shots of the downtown skyline from both towers(too soon for the newest 2  NorthBank condo towers)are online for viewing.

 

I think the best location for highrise residential towers would be the Scioto Peninsula, and I think when they first revealed they wanted two 30-35 floor towers there, they showed that they know this. We just need something to get the ball rolling there. Also even Gravity 2 is going up high to get those views of the skyline. And not to forget Summit Chase in Grandview with it's skyline views. Sort of being at the ends of downtown, Market Tower and Millennial Tower both seem to have some sort of downtown view to them at least.  It would be really nice to get some fill in along the north-south stretch of the skyline. Millennial Tower(as unattractive as I think it is)would really help with that. Also something along High south of Long-but who would build really tall there? Too bad Nationwide did not put up a new tower there and went to Grandview Yards instead. 

 

*And when it comes to river views, isn't it the Scioto River that would be getting the views instead of the Olentangy? You can't even see the Olentangy really from downtown.

 

*And I can't help it, as much as I know that the street level is what is important, that getting that right and yes, getting those 6-12 story buildings done right is great, I still bristle a bit when other cities get new towers and we have not. At least we have the hotel tower which seems to be locked in coming up.

Edited by Toddguy

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On 3/7/2019 at 5:55 PM, Toddguy said:

 

 

*And when it comes to river views, isn't it the Scioto River that would be getting the views instead of the Olentangy? You can't even see the Olentangy really from downtown.

 

*And I can't help it, as much as I know that the street level is what is important, that getting that right and yes, getting those 6-12 story buildings done right is great, I still bristle a bit when other cities get new towers and we have not. At least we have the hotel tower which seems to be locked in coming up.

You're right about the Scioto vs the Olentangy; I just get worked up about the tower talk.  We have so much open flat lots that still need infilled and that is why the demand is not there.  For every one tower that similar cities(who don't have nearly the size of downtowns that Columbus has outside of Indy) we get two-three mid-rise developments.  There are a TON of positive things going on in Columbus that makes up for the lack of towers. 

 

Look at the infill in Short North over the past 5-10 years, the infill and new neighborhoods created in River South and Neighborhood Launch, Arena District infill(including Park Street), the "Discovery District", East Main Area Infill, Italian Village & 4th St Corridor, Grandview Yard and now Crossing, Nationwide Childrens/Parsons & Livingston, Campus, Bridge Park, Easton & Polaris. Columbus arguably has more going on than all of those cities and if not more at least on par.

Edited by wpcc88
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On ‎3‎/‎9‎/‎2019 at 4:08 PM, wpcc88 said:

You're right about the Scioto vs the Olentangy; I just get worked up about the tower talk.  We have so much open flat lots that still need infilled and that is why the demand is not there.  For every one tower that similar cities(who don't have nearly the size of downtowns that Columbus has outside of Indy) we get two-three mid-rise developments.  There are a TON of positive things going on in Columbus that makes up for the lack of towers. 

 

Look at the infill in Short North over the past 5-10 years, the infill and new neighborhoods created in River South and Neighborhood Launch, Arena District infill(including Park Street), the "Discovery District", East Main Area Infill, Italian Village & 4th St Corridor, Grandview Yard and now Crossing, Nationwide Childrens/Parsons & Livingston, Campus, Bridge Park, Easton & Polaris. Columbus arguably has more going on than all of those cities and if not more at least on par.

 

This is just not true at all. Nashville, Austin, Charlotte, etc. all have larger city boundaries with far more open land and with lower overall densities.  They get towers.

 

Columbus is NOT building to even meet existing demand, let alone building for the future.  It would have to build several times more units per year just to meet it, so this idea that it has tons of activity compared to peers is totally false. 

Beyond this, we know demand is very high.  We know that because vacancy rates are very low and prices across the area are rising rapidly.  The amount of surface lots Downtown has very little or nothing to do with not getting taller buildings. 

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1 hour ago, jonoh81 said:

 

This is just not true at all. Nashville, Austin, Charlotte, etc. all have larger city boundaries with far more open land and with lower overall densities.  They get towers.

 

Columbus is NOT building to even meet existing demand, let alone building for the future.  It would have to build several times more units per year just to meet it, so this idea that it has tons of activity compared to peers is totally false. 

Beyond this, we know demand is very high.  We know that because vacancy rates are very low and prices across the area are rising rapidly.  The amount of surface lots Downtown has very little or nothing to do with not getting taller buildings. 

I wish I could get a really could answer for why Columbus is not building to meet demand. I just do not get it. The stats and info are there to show the demand is there...why is the building not meeting the demand?  And this goes beyond tall towers for downtown.  Why are so many projects in limbo?-are they awaiting/expecting a recession?

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