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SDKA Market Presentation
Columbus Real Estate Market Review Presented and Prepared by: Samuel D. Koon, MAI Owen T. Heisey [email protected] [email protected] Patrick B. Emery [email protected] 614-461-0911 Samuel D. Koon & Associates 141 East Town Street Suite 310 Columbus, Ohio 43215 Roadmap Property Types Reviewed: Income Approach: Office Market Rent Medical Market Occupancy/Vacancy Multi Unit Residential Capitalization Rate Single Unit Residential Recent Transactions Retail Ongoing Development Industrial Other Points of Interest Questions – Anytime! The Big Picture on Capitalization Rates Gas Prices Mortgage Delinquency Rates (CMBS) 1990-2016 CMBS Delinquency Rates Since 2016 Office Markets Source: CBRE Marketview Columbus Office Vacancy and Absorption Capitalization Rates Under Construction: Two25 Commons • Daimler/Kaufman Partnership • NWC of Third and Rich Streets • $60 million • 12-stories: 6 floors of residential on top; 5 floors of office above ground floor retail • 145,000 SF of office and retail • Residential component will be a market-driven combination of condominiums and apartments • Expected completion: End of 2018 Image: Columbus Business First Grandview Yard: Planned/Completed Planned • 1.2 million square feet (Class A Commercial including office, restaurants, grocery, and hospitality) • 1,300 residential units Completed • 680,000 square feet of commercial space • 274 residential units • 126 room hotel Grandview Yard: Under Development • 187,000 square feet of commercial space • 286 apartments and 13,000 square feet of amenity space -
Harrison Park
Harrison Park Harrison West Society Park Committee Formed in association with the Harrison West Society and Wagenbrenner Development to plan and develop a new 4.6-Acre waterfront park. Harrison Park will run along the Olentangy River from Second Avenue on the North to Quality Place to the South. The park will be developed through a joint venture between the developer and the community, funded by Tax Increment Financing. The Harrison West Park Committee will be responsible for the development of a purpose and need statement for the direction of the TIF. The park upon completion will be dedicated to the City of Columbus for public use. Harrison West Society Park Committee Table of Contents: Park Committee Members 2003 1 Tax Increment Finance News Article 33 Parkland Dedication 2003 2 Presentation to Recreation & Parks 34 Committee Park Names 3 Presentation to Victorian Village 35, 36 City of Columbus Park Names 4 Presentation to Harrison West 37 Park Naming Criteria & Endings 5 Gowdy Field 38 Program & Direction 6 Columbus Urban Growth Letter 39, 40 Plan Evaluation by Officers 7 Harrison Park Center 41, 42 Plan Evaluation by Committee 8 Park Details 43-47 Park Naming 9 Gowdy Field Selection Committee 48 Tax Increment Finance Priorities 10 Gowdy Field News Article 49, 50 Tax Increments Finance Q & A 11, 12 Gowdy Field Request for Qualifications 51-53 Park Details 13, 14 Side by Side Park 54, 55 Gazebo Options 15, 16 Street Lighting 56 Recreation & Parks Comments 17 Avenue One Lofts conceptual proposal 57-62 Site Visit Cancelled 18 Avenue -
Near East Near Columbus Art Walks Are Self-Guided Walking Maps and Audio Tours of Several Districts in Columbus
DISCOVER COLUMBUS ON YOUR OWN TWO FEET neAR east neAR Columbus Art Walks are self-guided walking maps and audio tours of several districts in Columbus. These unique tours are an easy way for residents, visitors, and families to get active while seeing great art, architecture, and historical sites around Columbus. Use the map to choose how long and far you want to walk. MOBILE APP INFO Use a phone or media device to listen to site descriptions. • DIAL-IN AUDIO TOUR: To hear site descriptions over the phone, call the main number (614) 645-2646 and enter the site’s 3-digit extension number to hear specific site information. • MOBILE APPLICATION: Download the MyColumbus Mobile App and have all of the Art Walks right on your phone. The Art of Walking Walking is a great way to keep your body at a CLINTONVILLE healthy weight! Physical activity is important for HIGH st 315 good health and can prevent or reduce obesity. 71 The US Surgeon General recommends 60 minutes of physical activity for children and 30 minutes for adults, University district each day. short Capitol Square north Walk Safe discovery district arena BROAD st • Use crosswalks and stay on 670 district franklinton near east sidewalks. river south highland german west 70 near south • Remember to look both ways, and BREWERY village DISTRICT never jaywalk. MERION village Visit us online... www.columbus.gov/artwalk/ • Obey traffic signs and signals. • Wear light colored clothing, day and night, to be easily seen. Map Design by: Near East Art Walk Sponsored by: • The majority of the route is accessible and flat. -
June Newsletter Vol 6, Issue 6 June 2016
View this email in your browser June Newsletter Vol 6, Issue 6 June 2016 June Program An Evening of History: A Panel Discussion and Annual Members' Meeting Thursday, June 30, 2016 Exhibit hours: 6 p.m. 9 p.m. Panel discussion: 7 p.m. 8 pm.. Annual Members' Meeting 5:30 p.m. 6 p.m. The Columbus Historical Society @ COSI 333 West Broad Street Columbus, Ohio 43215 Join us to learn about Poindexter Village: its history, the contribution of its residents, the life and future of this community. Experience the rich history of one of Ohio's first public housing developments, located on Columbus' Near East Side. Learn about the people who lived in Poindexter Village that continue to reside in Columbus. Please RSVP on or before June 27, 2016 by emailing [email protected] or calling 6142240822 2016 Columbus City Tour Series 2016 Columbus City Tour Series The Columbus Historical Society’s 2016 Columbus City Tour Series began on May 28. These popular bus tours take place the fourth Saturday of the month, May through October. This 2.5hour tour takes guests around the Columbus area to locations such as Downtown, the new Columbus Commons, the Short North Arts District, German Village, the Arena District, Olde Towne East, the Discovery District, Franklin Park and more. The Saturday tours are open to individuals and small groups with registration and payment required in advance. Special tours can also be arranged for larger groups. Click this button to visit our website and learn about pricing, ticket purchasing, and reservations for our Tour Series From our Friends at Senior Times "Postcard From Columbus" is Richard Barrett’s monthly column in the Senior Times. -
Bulletin #38 September 20, 2014
Columbus City Bulletin Bulletin #38 September 20, 2014 Proceedings of City Council Saturday, September 20, 2014 SIGNING OF LEGISLATION (With the exception of Resolutions 0149X-2014 and 0152X-2014, which were signed on Wednesday, September 17, 2014, legislation was signed by Council President Andrew J. Ginther on the night of the Council meeting, Monday, September 15, 2014; and with the exception of 0149X-2014, which was signed on Wednesday, September 17, 2014, legislation was signed by Acting Mayor, Tracie Davies on Tuesday, September 16, 2014; and attested by the City Clerk, prior to Bulletin publishing.) The City Bulletin Official Publication of the City of Columbus Published weekly under authority of the City Charter and direction of the City Clerk. The Office of Publication is the City Clerk’s Office, 90 W. Broad Street, Columbus, Ohio 43215, 614-645-7380. The City Bulletin contains the official report of the proceedings of Council. The Bulletin also contains all ordinances and resolutions acted upon by council, civil service notices and announcements of examinations, advertisements for bids and requests for professional services, public notices; and details pertaining to official actions of all city departments. If noted within ordinance text, supplemental and support documents are available upon request to the City Clerk’s Office. Columbus City Bulletin (Publish Date 09/20/2014) 2 of 173 Council Journal (minutes) Columbus City Bulletin (Publish Date 09/20/2014) 3 of 173 Office of City Clerk City of Columbus 90 West Broad Street Columbus OH 43215-9015 Minutes - Final columbuscitycouncil.org Columbus City Council ELECTRONIC READING OF MEETING DOCUMENTS AVAILABLE DURING COUNCIL OFFICE HOURS. -
Columbus Neighborhoods a Bicentennial Documentary Series
Columbus Neighborhoods A Bicentennial Documentary Series The people. The places. The communities we call home. WOSU To Produce Columbus Neighborhoods Landmark Series Premieres in 2009 on To celebrate Columbus’s bicentennial, WOSU Public Media With Outstanding Local is undertaking the Support & Visibility production of Columbus As a local sponsor, you receive: Neighborhoods, a series of hour-long • On-air exposure and credit documentaries including • Web placement and link extensive online resources • Local media placement about the city’s historic • Educational outreach materials neighborhoods. • Event opportunities Columbus Neighborhoods is an ambitious, Did you know? comprehensive series of documentaries, including WOSU Public Media is the leader an innovative web component, community in producing award-winning local storytelling events, and classroom components documentaries including: that will be one of the most visible and memorable projects associated with the observance of the city’s • Many Happy Returns to Lazarus bicentennial. • Pride of the Buckeyes • Birth of the Ohio Stadium Each episode in this series will examine the • Beyond the Gridiron: The Life and historical origins of these neighborhoods and trace Times of Woody Hayes their development. Prominent historical figures will • Lustron: The House America’s Been be profiled, and the neighborhood’s architecture, Waiting For economic base, and cultural assets will be examined. • The Man Who Knew Everything • Honor Flight Columbus Neighborhoods is a production of WOSU Public Media. Making the world relevant...to you. Columbus Neighborhoods Histories Project WOSU To Produce Landmark Series Starring Columbus To celebrate Columbus’s bicentennial, WOSU Public Media is undertaking the production of Columbus Neighborhoods, a series of hour-long documentaries including extensive online resources about the city’s historic neighborhoods. -
Opportunity Zone Program in Columbus
Opportunity Zone Program In Columbus What are Opportunity Zones? The Opportunity Zone map shows the location of these zones, Qualified Opportunity Zones are a new community development and you can search for your specific address at https://www.cims. program established by Congress in the Tax Cuts and Jobs Act cdfifund.gov/preparation/?config=config_nmtc.xml. of 2017. This program encourages new, long-term investment in property or businesses in specific areas around the City through How do Qualified Opportunity Funds benefit Opportunity Zones? federal tax incentives for investors. To take advantage of the At least 90% of the money placed in Qualified Opportunity program, investors must reinvest new capital gains into Qualified Funds must be spent in Opportunity Zones, and can be invested Opportunity Funds which are spent in Qualified Opportunity Zones. in operating businesses, equipment, and real estate. The Funds will not provide direct grants but could provide repayable loans or What are capital gains? equity investments to projects located in a Zone. Funds have the A capital gain happens when you sell something for more than potential to direct financing to areas of Columbus where it can you bought it for. Buy a used car for $1,000 and sell it for $2,000 otherwise be challenging to access traditional capital. a week later, and you have a $1,000 capital gain—same as if you bought stock for $1,000 and sold it for $2,000. Just about What does the Opportunity Zone Program mean for me? everything you or a company owns qualifies as a capital asset that As a Business Owner: If you are a business owner currently could create a capital gain— whether it as an investment, such as in an Opportunity Zone or thinking about relocating to one, the stocks or property, or was bought for personal or company use, program provides two major benefits: such as a car or a big-screen TV. -
15 Years of Research, More Than 30 Studies
Greater Columbus Arts Council Ticket Fee Proposal to Columbus City Council The Greater Columbus Arts Council’s Ticket Fee proposal is for a 7% fee on admissions and tickets in the city of Columbus, with 70 percent of the funds to be reinvested by the Arts Council back into the community in the form of grants to nonprofit arts and cultural organizations and artists, and 30 percent used for critically needed capital improvements for Nationwide Arena, a public facility in the center of a major Columbus business and residential neighborhood. Two key exemptions recommended by the Arts Council after holding a series of public forums include: Tickets and admissions priced $10 and under at for-profit and nonprofit live arts and sports venues. Live performances and events at for-profit and nonprofit venues with occupancy of 400 or less. The full details of the proposal and accompanying research can be found at: www.gcac.org/impact-of-the-arts/columbus-ticket-fee-proposal/ This proposal is good for the city and people of Columbus because: Non-profit arts and culture and professional sports and entertainment attractions are major reasons Columbus has grown and thrived as a premier community. These dynamic sectors are responsible for thousands of jobs, billions in economic benefits, endless opportunities for children and families, and critical energy for our quality of life. But, additional public investment is needed to prevent the erosion of quality offerings and facilities for these two vital sectors – and to keep them working to produce all the economic, educational and quality-of-life benefits for our community. -
Columbus New Construction & Proposed Multifamily Projects 1Q20
Columbus New Construction & Proposed Multifamily Projects 1Q20 ID PROPERTY UNITS 1 Library Park 150 3 Reach on Goodale, The 246 7 Harlow on Main 120 10 Industry 236 14 Yardley, The 78 15 Nicholas, The 230 19 LC RiverSouth Phases II - IV 252 Total Lease Up 1,312 22 Xander on State 221 30 Motorist Insurance 105 31 Long & 3rd 79 32 Matan, The 117 35 High and Cherry 70 36 Pierce, The 93 Total Under Construction 685 50 31 10 38 175 East Town Street 124 102 104 101 39 328 South Grant Avenue 220 99 40 Capitol Square Mixed Use 56 15 110 42 42 Grand Oak 145 36 30 1 44 Millennial Tower 189 14 55 40 22 50 Adelphi Quarter, The 130 100 95 54 1137 West Broad Street 70 93 55 Gravity Project 2.0 240 114 38 3 113 19 56 Lucas Lofts 136 54 44 35 92 57 Mount Carmel West Campus 100 56 57 32 7 39 92 Main Street Square 95 93 Scioto Peninsula 550 Total Planned 2,055 95 497 East Town Street 100 99 East Broad Street 100 100 Fourth Street & State Street 50 101 Frisbie, The 67 102 High & Long 100 104 View on Long 95 110 Olde Towne East Mixed Use 117 113 476 West State Street 52 114 South Hartford Avenue 100 Total Prospective 781 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Columbus New Construction & Proposed Multifamily Projects 1Q20 ID PROPERTY UNITS 2 Heritage Preserve 200 6 Urban, The 50 9 View on Pavey Square 81 13 Ave, The 301 Total Lease Up 632 24 Kenndy & Henderson Road 218 25 Crossing at Grove City, The 178 79 153 Total Under Construction 396 151 80 94 64 58 Grandview Crossing 1,000 81 24 59 Broadview Phase II, The -
Urban Infill New Construction Rfps City of Columbus
The mission of COCIC is to acquire properties in order to improve the quality of neighborhoods, increase property values and return unproductive properties to contributing, tax-paying status, and create diverse housing and business opportunities by leveraging resources to promote and facilitate the reclamation, rehabilitation and reutilization of vacant, abandoned, tax-foreclosed, or other real property in the County. REMOVE. REUSE. REBUILD. Build Upon Success of Prior Lot Sales • Recent market for new house construction, particularly in neighborhoods such as the Near East, Weiland Park, and Southside. • Great increase in property values, current new houses have sold for $390K and above. Urban Infill New Construction RFPs City of Columbus In partnership with COCIC, the City of Columbus has published three RFPs over the last year for urban infill development on post-demo NIP and other vacant lots: Woodland Park Milo-Grogan Near East (PACT area) September 2017 May 2018 April 2018 Purpose & Composition of the RFPs • Strategically assemble lots in target neighborhoods to attract developers and private investment • Allow developers to build at scale • Seeking market rate residential product • Proposals must be consistent with existing neighborhood and area plans, and complement current or planned development projects • Open to proposals from developers or individual buyers for homeownership – willing to award to multiple applicants • Deed restrictions require construction within one year from transfer Milo-Grogan RFP • 23 vacant lots (10 NIP lots) • Area anchored by new Rogue Fitness headquarters (500+ employees) • Easy access to I-71, Cleveland Ave, 5th Street, downtown, Ohio State, Italian Village, and Columbus State • In 2017, Columbus approved 15-year, 100% tax abatements for new residential construction and large renovation projects in the neighborhood • Homeport currently building 33 affordable homes in Milo-Grogan The Results! • Two developers’ proposals were selected for new single family homeownership products. -
COLUMBUS CITY COUNCIL MEETING HIGHLIGHTS for Immediate Release: February 22, 2016
COLUMBUS CITY COUNCIL MEETING HIGHLIGHTS For Immediate Release: February 22, 2016 For More Information: Lee Cole, (614) 645-5530 Web – Facebook – Twitter CRIBS FOR KIDS: President Pro Tem Priscilla R. Tyson is sponsoring ordinance 0378-2016 to purchase portable cribs for the Department of Public Health. Columbus Public Health, as recommended by the Greater Columbus Infant Mortality Task Force, has a need to purchase portable cribs to ensure a safe sleep environment for the children of Franklin County. CRIME PATROL: Councilmember Mitchell J. Brown is sponsoring ORD. 0259-2016 for the Department of Public Safety to enter into a contract with the Community Crime Patrol. Continuing Council’s focus on safe neighborhoods, the area to be patrolled includes The Ohio State University District, Weinland Park, Hilltop, Franklinton, Merion Village Area, Olde Towne East/Franklin Park and Northland/North Linden Area. COMMUNITY PLAYGROUND: Chair of Recreation and Parks committee, Jaiza Page, is sponsoring an ordinance that will enter into contract with Playworld Midstates for the design, site preparation and supervision of a community built playground at the Marion Franklin Community Center. By using the The KaBoom! Community Build Model, community volunteers will plan for, design and build the playground. EMPLOYEE TRAINING: Councilmember Elizabeth Brown is sponsoring ordinance 0302-2016 to continue investing in employee professional development. This legislation will enhance the training supplies, equipment and course offerings at the Citywide Training and Development Center. TECHNOLOGY IMPROVEMENTS: Councilmember Michael Stinziano is supporting ordinance 0201-2016, entering into the third year of an agreement with Lucity, Inc. This application system is integrated with Columbus’ 311 app, City GIS, and other City of Columbus organization-wide applications. -
Download Gateway – University District Leasing Brochure
GATEWAY – UNIVERSITY DISTRICT Gateway: the Entertainment and Retail Hub at the “Intersection” of University and City Life Gateway – University District is located on High Street, the city’s major North/South thoroughfare. It is adjacent to the revitalization project on High Street which is currently underway, spanning from 15th and High 23 270 to the intersection of King Avenue. This promises to make the University 161 161 District one of the most dynamic mixed-used corridors in Columbus by 71 2020. The Gateway is the gathering space that brings it all together, with 315 the perfect mix of dining, outdoor events and festivals as well as local, I TY D R S I S E T R V I regional and national retailers. Anchoring the property is the non-profit I C N T U N . O R S T Gateway Film Center, which boasts the Sundance designation. T H H I G H 670 More than just a destination for students, faculty and staff, the Gateway’s JOHN GLENN COLMBUS core customers trend from Young Professionals to GenXers and Baby 70 INTERNATIONAL DOWNTOWN AIRPORT Boomers, many of whom are distinct and diverse cosmopolitan COLUMBUS 7.5 MILES 1.7 MILES consumers residing in the adjacent neighborhoods comprising the 70 densest residential population in the state. 270 The Ohio State University was established in 1870 and is one of the 71 nation’s top 20 public universities, according to U.S. News & World Report. The student body totals nearly 60,000 across 15 colleges, 33 2000 undergraduate majors, and 250 master’s, doctoral and other professional degree programs.