DOWNTOWN RETAIL UPDATE
April 2012
Greetings,
 

Downtown development momentum continues to build.  Downtown has the lowest apartment vacancy rate in central Ohio; and in response,  developers have announced more than 1,000 new residential units in the core of downtown.  They will add an estimated 1,500 new residents in need of retail goods and services.

 

Please contact me if you think you can help fill this need. 
 
Best wishes to you and your business.

Kacey Campbell Brankamp
 Retail Recruiter
 Capital Crossroads Special Improvement District
 (614) 645-5095 desk
 (614) 325-4764 cell


 
IN THIS ISSUE
Featured Listing: 36 W. Gay St.
Project Updates
Resources
FEATURED LISTING - 36 W. Gay Street
  • Suites range from 600-4,800 SF 
  • Restaurant/deli, retail user desired 
  • Under new ownership; building under going complete renovation 
  • Asking rate $12-$15 SF
  • Marketing packet (PDF)
  • Gay Street market study (PDF)   
This is a rare opportunity to lease space on one of downtown's most vibrant streets. Over 41,000 office workers are within a five-minute walk. Residential developments continue along Gay St. adding to the over 6,200 downtown residents. For more information, contact brokers Matt Gregory, (614) 629-5234 or Peter Merkle, (614) 629-5240 of Ohio Equities.
 
PROJECT UPDATES

Columbus Commons Development  
The Downtown Commission conceptually approved the proposed mixed-used project on S. High St. along Columbus Commons. The project calls for 300 apartment units and 23,000 SF of first floor retail. Developer Carter will return to the Commission to gain approval on specific design features in the coming months.

Capitol Square Improvements
A partnership between the City of Columbus and Capital Crossroads SID received final approval from the Downtown Commission and Columbus Art Commission to install planters and sign fixtures around Capitol Square. The project is scheduled to be completed by end of 2012.   

Bicycle Commuter Parking Shelters
Working with the City of Columbus, Capital Crossroads SID received a grant from the U.S. Department of Energy to install commuter biking facilities throughout downtown this year.  
 

 

RESOURCES

Downtown Housing Report, 1st Quarter (PDF) 
Highlights: Estimated population just shy of 6,300 in core of downtown, announcement of Columbus Commons apartments and Long Street apartments (part of Neighborhood Launch).

Downtown Investment Report, 1st Quarter (PDF) 
Highlights: Scioto River dam removal and park restoration, Bicentennial Pavilion at Columbus Commons completed.

 

Upcoming Event: Franklin County Retail Summit  

May 16, 7:30AM, Brio Tuscan Grille, Easton Town Center   

Franklin County Board of Commissioners will present updates on the retail economy, ways to leverage support from the county, and insights from prominent retail leaders in central Ohio. Click here for more information on this free event. 

Downtown Market Studies
An overview of Downtown's consumer markets and retail submarket studies can be found at DowntownColumbus.com

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