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Columbus: Arena District Developments and News

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Despite the growth of Columbus and demand for residential, office, commercial, etc, tall buildings are still having a hard time penciling out. The North Market Tower and Hilton expansion are both publicly supported projects.

 

I'd love to see height, especially in the core of downtown, but there still seems to be a gap that we can't pin only on developers not be visionary.

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12 hours ago, jonoh81 said:

 

So you're complaining about so-called whining while whining that not everyone has the same idea of what urban development should be?  Ok.  4 stories is not dense.  There's not a suburb out there that hasn't built 4 stories.  It's simply unacceptable in a downtown area.  The AD is part of Downtown.  They're not even going as high as the rest of the district.  It's lame, underwhelming and a poor use pf space and prime real estate.  Good for you if you're happy with that.  I'm not required to be, no matter how much money gets spent building it.

Ok, come up with the money then; $200 million dollars of investment and 500k sqft of office space alone on what could've been a single story Giant Eagle is a positive.  And if I don't know what I'm talking about then you REALLY don't have room to complain because you haven't been in Columbus long enough.

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19 minutes ago, wpcc88 said:

Ok, come up with the money then; $200 million dollars of investment and 500k sqft of office space alone on what could've been a single story Giant Eagle is a positive.  And if I don't know what I'm talking about then you REALLY don't have room to complain because you haven't been in Columbus long enough.

The articles are saying the 500,000 square feet of offices will be on all their remaining Arena District lots combined, not just this one parcel.

 

If Easton is serious about their next phase, and there's no doubt in my mind that they are; then just one of their buildings will have more than 500,000 square feet of offices. Four floors in a "booming" downtown is simply unacceptable.

Edited by aderwent
Easton

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13 minutes ago, wpcc88 said:

Ok, come up with the money then; $200 million dollars of investment and 500k sqft of office space alone on what could've been a single story Giant Eagle is a positive.  And if I don't know what I'm talking about then you REALLY don't have room to complain because you haven't been in Columbus long enough.

 

So people can only criticize a project if they're paying for it?  I don't subscribe to the "good enough" philosophy so prevalent in Columbus and never have.  I know there are local issues at play- financing problems, labor and material costs and shortages, few large-scale developers capable of handling big projects, etc., but so many projects just aren't good urbanism, or underwhelming in design, scale or use.  Even small projects can be good urbanism (mixed-use, low or no parking, etc) but typically are not.  Too many sites are being gobbled up by sub-par development.  If we're at all serious about tackling the housing issues or if we really want expanded transit in Columbus, real density has to be developed.  That means a lot more 10+ story projects and a lot fewer 5-story or less projects.  I've said it before, but we only get one opportunity to do these projects right and then we have to live with them for the next 50 years. 

 

I'm a native of Columbus and spent most of my life there.  I literally study every conceivable facet of its growth, history and demographic nature.  I'm pretty sure I know it.

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52 minutes ago, GCrites80s said:

Out-of-region developers pay almost no attention to sub-Top-20 Metros. International ones pay zero.

 

Doesn't seem to be an issue in Nashville or Austin. 

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5 hours ago, aderwent said:

It's not even hindsight though. A lot of us questioned their limited height, especially on the second building after the first one sold out so quickly. Study after study, statistic after statistic is saying Columbus has very low vacancies, a huge apartment and housing shortage, and no signs of slowing down; and yet our developers continue to propose, and build very underwhelming projects. Some have been outright trash e.g. Edwards at Gay and High. I really don't get it.

 

Easton is going to steal downtown jobs here soon. You don't just say your next round of development is 20-40 floor buildings without at least some talk as to how to fill such buildings. My guess is Easton's developers are in intermediate stage talks with employers to locate to Easton. Existing employers or new ones to Columbus; either way downtown is going to continue to miss out with our small minded developers. Wexner had to go to NYC to find the Georgetown Company to get Easton done and rolling. Perhaps it's time some other visionaries look elsewhere to get some projects of significance on the board.

Chipotle's other option was Easton. They chose the arena district. I don't know all the factors that went into the decision, but obviously downtown has appeal.

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We're complaining about this being 4 floors but if Chipotle is the tenant with 200+ employees I don't see how this would justify a tall office building. It's not like they're moving thousands of workers to downtown Columbus to need all that space. I'm not sure people are clamoring to live or work in a tall building overlooking a freeway and the thing across the street that helps deodorize the sewer system either. 

 

I think the price points that this market can support also hinder bigger projects, we're lucky to still have rents in some of the new buildings under $1,000 a month or only slightly over. I moved here from Portland which has a lot of 12-15 story apartments going up and a few taller condos between 20-35 floors. All those buildings have extremely high rents to support the construction costs. 

 

image.thumb.png.0922f271d47be6fd02d9c57f328a101b.png

Here's a one bedroom for sale in the condo on the right: https://www.zillow.com/homedetails/1150-NW-Quimby-St-310-Portland-OR-97209/2087020102_zpid/?

$608,000... I don't think people here would pay that to live downtown. The condos in Columbus that cost that much are at least two or three bedroom units. 

 

If you want the taller buildings, we're going to have to find people who will pay enough to live in them. There's clearly demand in the Short North for high rent to build nice buildings like Hubbard Park Place but Downtown isn't there yet.

 

Here are some rental examples that have two bedrooms in taller infill projects that have units renting around $9,000 / month. 

https://www.hollandresidential.com/or/portland/the-rodney/floor-plans/

 

https://www.block17apartments.com/#!

 

I don't think anyone would rent that in Columbus for a developer to justify a taller structure. We should focus on getting rid of our surface lots with good urbanism first. It's also probably good idea to keep building housing types people can actually afford. 

 

7 hours ago, jonoh81 said:

 

Doesn't seem to be an issue in Nashville or Austin. 

Both of those cities are growing at a much faster rate than Columbus and are in cities that have marketed themselves and capitalized on having a cool local culture. When I told most of my friends I was moving to Columbus for work the reaction was either "Where is that?" or "Ew, Ohio?!" The Midwest in general still has a negative perception in most places, which probably makes things a little harder for Columbus even though people who know or have been here know it's not like Detroit, Cleveland, or Buffalo. 

 

Whatever Nationwide ends up proposing in this location I'm sure it will be decent just like the rest of their buildings in the Arena District. We'll probably continue to see most of our taller buildings get built along High Street when they do get built. 

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8 minutes ago, cityscapes said:

 

image.thumb.png.0922f271d47be6fd02d9c57f328a101b.png

Here's a one bedroom for sale in the condo on the right: https://www.zillow.com/homedetails/1150-NW-Quimby-St-310-Portland-OR-97209/2087020102_zpid/?

$608,000... I don't think people here would pay that to live downtown. The condos in Columbus that cost that much are at least two or three bedroom units. 

 

https://www.parksedgecondos.com/wp-content/uploads/2019/07/Parks-Edge-Pricing.7.11.2019.pdf

https://www.parksedgecondos.com/wp-content/uploads/2016/12/Floorplans-Building-Layouts.pdf

 

Parks Edge very quickly sold out of 2 bedroom condos going in the $800k-$900k range.  Much like the developer, you're severely underestimating demand based on perception/history.


Very Stable Genius

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36 minutes ago, DarkandStormy said:

 

https://www.parksedgecondos.com/wp-content/uploads/2019/07/Parks-Edge-Pricing.7.11.2019.pdf

https://www.parksedgecondos.com/wp-content/uploads/2016/12/Floorplans-Building-Layouts.pdf

 

Parks Edge very quickly sold out of 2 bedroom condos going in the $800k-$900k range.  Much like the developer, you're severely underestimating demand based on perception/history.

You just kind of proved my point though, the units that are left are the most expensive ones on the upper floors. The lower floor units sold for between $400-600,000, if you check Zillow or the Franklin County Auditor. My example was a $600,000 ONE BEDROOM, here that's what people are paying for a two bedroom. I'm not saying Columbus doesn't have the demand, but to have a lot of these buildings get built we'll need a lot more people willing to spend very high prices on condos at a time when banks are reluctant to lend for these types of buildings after what happened during the recession. That's why you see all the wood construction low rises being built as rentals. It's a cheaper and safer investment. 

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Apartments and Offices Planned for Arena District Parking Lot

 

A parking lot on the northern edge of the Arena District is now slated to be redeveloped with a four-story office building, a 150-unit apartment building and a 600-space parking garage.

 

Although Nationwide Really Investors (NRI) declared the Arena District “complete” when the Parks Edge condominium buildings were first proposed in 2015, the developer has continued to pursue opportunities to expand the neighborhood beyond the original 75 acres of land that it controlled when Nationwide Area opened in 2000.

 

The latest addition will be built on the east side of Neil Avenue, between Spruce and Vine streets.

 

Carli Lanfersiek, Marketing Director for NRI, said that the office building will be the first of the three structures to be built and will contain a total of 130,000 square feet of space. Chipotle has signed on as the anchor tenant, likely filling the top three floors of the building.

 

More below:

https://www.columbusunderground.com/apartments-and-offices-planned-for-arena-district-parking-lot-bw1

 

NRI-Arena-District-Lot-1150x550.png


"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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Small update, as of today, Parks Edge has 7 units left for sale of the total 151 units that make up the towers.

https://www.parksedgecondos.com/wp-content/uploads/2019/09/Parks-Edge-Pricing.9.9.2019.pdf

 

Personally, I would have to imagine we will be seeing some movement soon on Phase III... I just can't imagine they will let that prime of a lot sit empty much longer.

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Just now, DarkandStormy said:

^Why did they build it so small in the first place if this is the demand?  (Rhetorical question)

 

So they could build a 30-story tower on the remaining lot and still have views of the river front for half of the floors obviously.

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3 hours ago, cbussoccer said:

 

So they could build a 30-story tower on the remaining lot and still have views of the river front for half of the floors obviously.

If only! 

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I'll bet whatever is built will match the 8 story height of the existing buildings just north of the site on McConnell Blvd.

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10 minutes ago, Pablo said:

I'll bet whatever is built will match the 8 story height of the existing buildings just north of the site on McConnell Blvd.

 

If I had to guess, I's sadly agree. I remember reading a while back that NRI wanted the final plot to be a blend of Parks Edge and the brick condos along McConell. While I would personally love to see them give us another North Bank tower there, I do agree they'll give us a Parks Edge lite on that plot. It's a shame because NRI has the financial ability to go big but they love their mid/lowrises so much... It's shocking we ever even got North Bank Tower.

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4 minutes ago, Pablo said:

I'll bet whatever is built will match the 8 story height of the existing buildings just north of the site on McConnell Blvd.

 

I refuse to believe that it will be anything less than 30-stories because that's what I want.

 

On a separate note...I wonder if/when we will see the numerous one story suburban-style office buildings west of Neil be replaced by taller and more urban structures. With Crew stadium being built, along with its surrounding mixed-use development, these lots will continue to increase in value. 

 

I think a hotel (or mixed-use building which includes a hotel component) would do great along Nationwide between Hanover and Neil. A hotel at the corner of Nationwide and Neil would have an awesome view of Huntington Park, be very close to the new Crew Stadium, Nationwide Arena, and Express Live, and reasonably to the Convention Center/North Market. I'm sure it would get a ton of business from out of town sports fans and concert-goers, and depending on the quality it could be the primary option for visiting sports teams and musicians. 

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23 hours ago, Pablo said:

I'll bet whatever is built will match the 8 story height of the existing buildings just north of the site on McConnell Blvd.

Unfortunately, I think you are correct. It will probably match the McPherson Commons brick buildings in height and style-it will match them instead of matching the line along Spring.

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