PDF STATE OF

| 1

STATE OF DOWNTOWN COLUMBUeS

YEAR END 2017

Prepared by Capital Crossroads & Discovery Special Improvement Districts

| 2

THE POWER OF TRANSIT

Starting June 1, eligible downtown companies can offer unlimited bus access to employees thanks to Capital Crossroads Special Improvement District, Mid-Ohio Regional Planning Commission and corporate partners. There's no cost to eligible organizations or employees.

Enrollment begins May 1, 2018 at

CPass activation June 1, 2018

Companies must be within the Capital Crossroads Special Improvement District. Certain Franklin County and City of Columbus employees are also eligible. Contact your agency for more information.

A Capital Crossroads SID Program Powered by gohio commute In association with Smart Columbus

In Partnership:

Community Connectors:

Sustainable Supporters: City of Columbus Bailey Cavalieri Kegler Brown MACBEA Foundation Schneider Downs Transit Center

As of February 1, 2018

Create Columbus Commission CSX Fifth Third Bank KeyBank Medical Mutual of Ohio PNC Bank

i ABOUT US

Capital Crossroads Special Improvement District (CCSID) is an association of more

than 500 commercial and residential property owners in 38-square blocks of downtown Columbus. Its purpose is to support the development of downtown Columbus as a clean, safe and fun place to work, live and play. Hours of Operation: 6 a.m. - 2 a.m. Monday - Saturday; 9:30 a.m. - 6 p.m. Sunday

Discovery Special Improvement District (DSID) helps property owners

create and maintain a safe, vibrant, diverse, distinctive and walkable mixed-use neighborhood. Discovery SID was formed in 2005 by property owners in the eastern area of downtown. Hours of Operation: 6 a.m. ? 2 a.m. Monday ? Saturday; 9:30 a.m. ? 8 p.m. Sunday

23 N. Fourth St. Columbus OH 43215 (614) 591-4565

Customer Service Hotline: (614) 228-5718

| 3

NEIL FRONT

HIGH

THIRD FOURTH

GRANT

670

HUNTINGTON PARK

NATIONWIDE ARENA

SPRING LONG GAY

BROAD

STATEHOUSE

COLUMBUS COMMONS

RICH MAIN

COLUMBUS

MUSEUM

OF ART

71

TOPIARY PARK

COLUMBUS METROPOLITAN

LIBRARY

Capital Crossroads Special Improvement District Discovery Special Improvement District Downtown District

ABOUT THIS REPORT

The CCSID and DSID monitor and track information that gauges the vitality of the central business district. Unless otherwise specified, the content included is specific to the Downtown District: the area bounded by I-670, I-71, I-70 and the CSX railroad tracks. All information is believed accurate at the time received. Where outside sources are used, attribution is provided. SID staff monitors and interprets downtown data covering a variety of areas, and every effort is given to provide the most accurate information possible. SID staff is available to provide custom research. Please contact Marc Conte at mvconte@ or (614) 591-4507 for more information.

Photo credits: Andy Spessard, City of Columbus, Larry Hamill, Randall Schieber, Cory Klein Photography, Express, Gay Street Collaborative and MORPC Design: Amy Collins

| 4

TABLE OF CONTENTS

? 05 Report Highlights 06 Major Investments 11 Housing & Residents 17 Employment & Office 22 Education 23 Retail 26 Hospitality & Attractions 29 Transportation & Land Use 31 City of Columbus Incentives

? REPORT HIGHLIGHTS

| 5

$1.9 BILLION

PROPOSED

35 PROJECTS

Major Investments

$548 MILLION

UNDER CONSTRUCTION

29 PROJECTS

$360 MILLION

COMPLETED IN 2017

22 PROJECTS

Housing & Residents

8,400

RESIDENTS

93%

APARTMENT OCCUPANCY

Employment & Office

85,248

WORKERS

13.3%

OFFICE VACANCY RATE (CLASS A, B & C)

Education

4

COLLEGES & UNIVERSITIES

33,692

COLLEGE STUDENTS

Retail

12

NEW RETAILERS IN 2017

240+

RETAIL GOODS & SERVICES BUSINESSES

Hospitality & Attractions

436

ROOMS PROPOSED OR UNDER CONSTRUCTION

69.1%

OCCUPANCY RATE

Transportation & Land Use

87

CARS PER 100 WORKERS DRIVE INTO DOWNTOWN

15%

INCREASE IN COTA CBUS RIDERSHIP

MAJOR INVESTMENTS

| 6

HIGHLIGHTS

The next phase of the Scioto Peninsula revitalization begins this fall, and the Columbus Downtown Development Corporation (CDDC) selected Buckingham Companies as the master developer. The project consists of mixed-use development including housing, office space, a boutique hotel, restaurant and retail space, and an iconic building opposite COSI. The first phase of the White Castle headquarters redevelopment just west of the Arena District was approved. It will include housing, office buildings and an amphitheater.

$1.9 BILLION

PROPOSED Notable Projects Scioto Peninsula redevelopment ($500 million) Millennial Tower ($150 million)

$548 MILLION

UNDER CONSTRUCTION Notable Projects 80 on the Commons ($90 million) Michael B. Coleman Government Center ($60 million)

$360 MILLION

COMPLETED IN 2017 Notable Projects Convention Center Upgrades ($125 million) Citizens Building Apartments ($35 million) Scioto Peninsula Park and Parking Garage ($34 million)

NEIL FRONT

HIGH

THIRD FOURTH

GRANT

MAJOR INVESTMENTS

670

HUNTINGTON PARK

NATIONWIDE ARENA

SPRING

LONG

GAY

BROAD

STATEHOUSE

STATE

COLUMBUS COMMONS

RICH

MAIN

| 7

71

COLUMBUS MUSEUM OF ART TOPIARY PARK

COLUMBUS METROPOLITAN

LIBRARY

PROPOSED

2% 2% EDUCATION OFFICE

2%

3%

OTHER

RESIDENTIAL

44%

MIXED USE

47%

TRANSPORTATION

UNDER CONSTRUCTION

6%

HOSPITALITY

7%

TRANSPORTATION

3%

PARKING

13%

INSTITUTIONAL

20%

OFFICE

27%

RESIDENTIAL

24%

MIXED USE

COMPLETED IN 2017

7%

6% 2%

PARKING GOVERNMENT

1%

OTHER

INSTITUTIONAL

9%

PARK

34%

RESIDENTIAL

41%

HOSPITALITY

MAJOR INVESTMENTS

Proposed Projects

CSCC Hospitality and Culinary Arts School AC Hotel Scioto Peninsula Redevelopment White Castle HQ & Community Center Huntington Center Upgrades 231 N. Fifth St. Fa?ade Improvements White Castle Office 2 Convention Center East Garage White Castle Public Garage Washington Gladden Social Justice Park The View on Long Neighborhood Launch - 6th & Gay 220 E. Main St. Apartments White Castle Residential 3A Washington & Town Apartments 350 E. Broad St. Apartments 640-650 W. Nationwide Mixed-Use Development Market Tower 265 E. State St. Apartments Millennial Tower Motorists Residential Project 255 South High Apartments 274 E. Long St. 230 E. Long St. Apartments Third & Long Redevelopment 195 E. Main St. Apartments Creative Campus Streetscape Improvements 70/71 Phase 6B-E - West Interchange 70/71 Phase 2D - South Innerbelt 70/71 Phase 4R - Inbound Downtown 70/71 Phase 5 - 70 East Freeway 70/71 Phase 6R - Outbound Downtown 70/71 Phase 3B - East IB Broad to Long 70/71 Phase 4B - Fulton & Livingston Pen West Pedestrian Bridge TOTAL

Location

Cleveland & Mt. Vernon Park & Spruce Belle & Broad 555 W. Goodale St. Capitol Square Fifth & McKee 555 W. Goodale St. Fourth & Nationwide 555 W. Goodale St. Cleveland & Broad Pearl & Long Sixth & Gay Fifth & Main 555 W. Goodale St. Washington & Town Grant & Broad Pen West Park & Spruce Sixth & State Front & Rich Washington & Oak High & Cherry Neilston & Long Fifth & Long Third & Long Fourth & Main Ninth & Gay I-70 & 71 I-70 & 71 I-70 & 71 I-70 & 71 I-70 & 71 I-70 & 71 I-70 & 71 Pen West

Projects Under Construction

Canopy by Hilton Home2Suites Hotel National Veterans Memorial and Museum Grant Medical Center Expansion Michael B. Coleman Government Center The Hayden Renovation 405 E. Town St. 34 S. Third St. Former Light Plant 457-459 N. High St. 101 E. Main St. Renovation 44 N. High St. Grant Medical Center Parking Garage Parks Edge Condominiums Phase II Lifestyle Communities Trautman Block 330 Oak Street Apartments The View on Grant

Location

High & Nationwide Grant & Main Belle & Broad Grant & State Front & Long Capitol Square Grant & Town Capitol Square Pen West High & Vine Third & Main High & Gay Grant & Rich Arena District High & Rich Grant & Oak Grant & Mt. Vernon

Sources: City of Columbus Department of Development, Developer and Architects

| 8

Cost Estimate (Millions)

$33.6 $22.8 $500.0 $25.0 $5.0

$0.1 NA $18.0 NA $1.6 $16.0 $4.2 $1.0 NA NA NA $40.0 $120.0 $35.0 $150.0 $20.0 $18.0 $1.0 NA NA NA $8.0 $280.0 $166.0 $128.0 $95.0 $82.0 $78.0 $59.0 $2.0 $1.9 Billion

Use

Education Hotel/Retail Mixed Use Office Office Office Office Parking Parking Plaza Residential Residential Residential Residential Residential Residential Residential/Office Residential/Office/Retail Residential/Office/Retail Residential/Office/Retail/Hospitality Residential/Retail Residential/Retail Residential/Retail Residential/Retail Residential/Retail Residential/Retail Streetscape Transportation Transportation Transportation Transportation Transportation Transportation Transportation Transportation

Cost Estimate (Millions)

$24.4 $8.0 $55.0 $17.4 $60.0 $18.5 $0.5 $29.0 $20.2 $3.0 $2.6 NA $19.0 $31.0 $15.0 $10.0 $6.0

Use

Hospitality Hospitality Institutional Institutional Office Office Office Office/Retail Office/Retail Office/Retail Office/Retail Office/Retail Parking Residential Residential Residential Residential

continued on next page

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download