June Newsletter Vol 6, Issue 6 June 2016
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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 -
Downtown Hotels and Dining Map
DOWNTOWN HOTELS AND DINING MAP DOWNTOWN HOTELS N 1 S 2 A. Moxy Columbus Short North 3 4 W. 5th Ave. E. 5th Ave. 800 N. High St. 5 E. 4th Ave. B. Graduate Columbus 6 W. 4th Ave. 7 750 N. High St. 8 9 10 14 12 11 W. 3rd Ave. Ave. Cleveland C. Le Méridien Columbus, The Joseph 13 High St. High E. 3rd Ave. 620 N. High St. 15 16 17 18 19 20 E. 2nd Ave. D. AC Hotel Columbus Downtown 21 22 W. 2nd Ave. 517 Park St. 23 24 Summit St.Summit 4th St.4th Michigan Ave. Michigan E. Hampton Inn & Suites Columbus Downtown Neil Ave. W. 1st Ave. A 501 N. High St. 25 Hubbard Ave. 28 26 27 29 F. Hilton Columbus Downtown 32 30 31 33 34 401 N. High St. 37 35 B Buttles Ave. 38 39 36 36 40 G. Hyatt Regency Columbus 42 41 Park St. Park 43 44 45 350 N. High St. Goodale Park 47 46 48 C H. Drury Inn & Suites Columbus Convention Center 50 49 670 51 Park St. Park 54 53 88 E. Nationwide Blvd. 52 1 55 56 D I. Sonesta Columbus Downtown E 57 Vine St. 58 2 4 71 33 E. Nationwide Blvd. 315 3 59 F 3rd St.3rd 4th St.4th J. Canopy by Hilton Columbus Downtown 5 1 Short North 7 6 G H Mt. Vernon Ave. Nationwide Blvd. 77 E. Nationwide Blvd. 14 Neil Ave. 8 10 Front St. Front E. Naughten St. 9 11 I J Spring St. -
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. -
Columbus, Ohio HELEN M
CITY CLERK CGOtf-OO?? IN COUNTY fAiltJ \.\JU\Jt.:. VULUMBU5 AftD OHiO DiViStON ANNUAL REPORT—1978 CITY DEPARTMENTS INDEX Office of the Mayor 2 Department of Law 2 Department of Energy & Telecommunications 6 Department of Finance 8 Data Center 11 City Treasurer 13 Division of Purchasing 15 Income Tax Division 16 City Auditor 17 Department of Recreation & Parks 18 Municipal Court 30 Municipal Civil Service Commission 41 Charitable Solicitations Board 44 Department of Development 44 Community Service 47 Council of the City of Columbus 52 Office of the City Clerk 52 Hare Charity Trust Fund 54 Municipal Garage 57 Public Lands and Buildings 57 THE CITY BULLETIN Official Publication oi the City oi Columbus Published weekly under authority of the City Charter and direction of the City Clerk. Contains official report of proceedings of council, ordinances passed and reso lutions adopted; civil service notes and announcements of examinations; advertise ments for bids; details pertaining to official actions of all city departments. Subscriptions by mail, $10.00 a Year in advance. Second-Class Postage Paid at Columbus, Ohio HELEN M. VAN HEYDE City Clerk (614 222-7316) CITY DEPARTMENTS. COLUMBUS. OHIO 1978 OFFICE OF THE MAYOR 1978 ANNUAL REPORT 1978 was a year of many accomplishments in the City of an operating grant for the first year of the two-year program Columbus. The City continued its innovative approach to designed to put 3,400 unemployed residents to work in the solving problems common to large cities in the United area. While federal budget cuts may reduce the total amount States; continued to provide basic services to the citizens of received, we will probably receive most of the $31,000,000. -
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. -
Housing Guide
OSU General Surgery Housing Guide We have compiled a list of resources to help in your housing search that contains information from fellow residents, medical students, and campus resources. In addition to this guide, the OSU Office of Student Life has a website devoted to off campus housing resources. You may access their site from the following URL: http://offcampus.osu.edu Locations OSU General Surgery residents live in many different neighborhoods around Columbus. Some prefer the hustle and bustle of the campus area, while others live in quieter areas a little farther from the medical center. Following is a list of some of the neighborhoods and specific buildings or intersections where members of the medical community live. All of the buildings listed below are apartments unless specified otherwise. Grandview: Approximately a 5 to 10 minute drive west of campus, Grandview is home to many graduate students and young professionals. The community is made up of a combination of homes, duplexes, and apartment buildings, as well as many restaurants and bars. Community events are held throughout the year, including The Grandview Hop, occurring the first Saturday of every month, April through November. Highly recommended: 1) Runaway Bay 2) The Quarry 3) Somerset Square Apartments 4) Northwest Blvd & Chambers Rd • Moderately noisy atmosphere No complaints: 1) Heritage Apartments 2) The Meridian • Home to many medical students. • Some people have noted issues with management 3) Arbors of Watermark • Quiet to moderately noisy 4) Colony Club 5) Fisher Commons Victorian Village: Portions of both Victorian Village, located southwest of campus and Italian Village, located southeast of campus, are within walking distance to campus. -
Downtown Restaurants in the Vicinity of the Convention Center .Com ARENA DISTRICT 51
Downtown Restaurants in the vicinity of the convention center .com ARENA DISTRICT 51. The Market Italian Village, $$, B L D. 1. Bar Louie, $$, L D. 52. Martini Modern Italian, $$$, D. 2. BBR Columbus, $$, L D. 53. Melt Bar & Grilled, $$, L D. 3. bd’s Mongolian Grill, $$, L D. 54. Mission Coffee Company, $. 4. Boston’s The Gourmet Pizza, $$, L D. 55. MMELO Boutique Confections, $ Coming Soon 5. Buca di Beppo, $$, L D. 56. Native Cold Pressed, $, B L D. 6. Callahan’s Irish Tavern, $, D. Closed Mon. 57. North High Brewing, $, L D. 7. Dahlia, $$, D. 58. One Line Coffee, $. 8. Dick’s Last Resort, $$, L D. 59. The Pearl, $$$, D Brunch Sat.-Sun. 9. Gordon Biersch Brewery Restaurant, $$$, L D. 60. Paulie Gee’s Short North, $$, L D. 10. Granero, $, D 61. Philco Bar + Diner, $$, B L D. 11. Max & Erma’s, $$, B L D. 62. Pies + Pints, $$, L D 12. Nada, $$, L D. 63. Press Grill, $$, L D. 13. North Market, Public market with food vendors including 64. The Rossi Bar + Kitchen, $$$, D. Bubbles tea and juice company; Dos Hermanos; Hot Chicken 65. Seventh Son Brewing, $, Closed Mon. Takeover; Jeni’s Splendid Ice Creams; Little Eater; Pam’s 66. Short North Pint House and Beer Garden, $$, D Sat.-Sun. lunch. Market Popcorn; Stauf’s; and Taste of Belgium. $, B L D. 67. Spinelli’s Deli, $, B L D. 14. Park Street Cantina, $, D Lunch Fri-Sun. 68. Standard Hall, Menu Coming Soon 15. R Bar Arena, $, L D. 69. Union Cafe, $$, L D Brunch Sun. 16. Rodizio Grill, $$$$, L D. -
Thesis FINAL.Pdf (597.5Kb)
Max Mauerman 1 Spatial Mismatch: Understanding Differences in Income Mobility Between Cities Introduction A child born into the bottom quintile of income in Atlanta, Georgia is almost three times less likely to advance to the top quintile than his or her contemporary in San Jose, California. (Chetty et. al., 2014) While we often use simple heuristics to understand class in America – urban verses rural, Southern versus Northern – facts like this show that there are stark differences in socioeconomic opportunity even between superficially similar, “thriving” cities. This is due in large part to the lasting effects of urban planning decisions, which shape not only the physical form of the city but also its accessibility to the working poor. One particularly important aspect of urban planning is the provision of public transportation. For many low-income individuals, faced daily with the challenges of securing a reliable commute and searching for work, economic mobility is necessarily tied to physical mobility through the city. An equitable, extensive public transit network can alleviate the many costs that the working poor face in this regard. Additionally, public transit can guide the spatial growth of cities, countering the highway-led urban sprawl that many US cities have faced. For this and many other reasons, the accessibility of public transit is an important determinant of economic mobility in large cities. In this paper, I present a rigorous national test of the effect of public transit accessibility on upward income mobility. Before that, however, I make a conceptual case for the importance of public transit to studies of structural poverty. -
SC-Cardinal-Magazine-2018.Pdf
the CARDINALSt. Charles Preparatory School Alumni Magazine Fall 2018 Inside Read about The Vision for the Future, the school’s $20 million – and most ambitious initiative ever – meant to secure a bright future for generations of students into the next century (page 3). In its fourth year, our “Evening With...” speaker series welcomed Wes Moore to campus on September 6th. View photo galleries of the day’s activities and read about the inspirational messages he shared with students and the school community (pages 4-9). Read about the 2017 Borromean Lecture and the message delivered by guest presenter Ken Woodward last November (pages 13-18) as well as internationally acclaimed artist Jan Dilenschneider’s “ECO Vision” show held this summer to benefit the school (pages 19-20). The Cardinal Community always takes time to gather together to celebrate and commemorate their ties to St. Charles. View hundreds of photos and read about these events: the 30th Annual Cardinal Christmas (pages 50-59), Spaghetti Dinner (pages 60-67), Father/Son Mass & Breakfast (pages 68-73), Alumni Golf Outing (pages 28-29) and Cardinal Society gathering (pages 114-119). In November, the school honored several of its most loyal, generous and accomplished community members at two special recognition celebrations: the 2017 Borromean Awards at the Feast Day Mass (pages 25-26) and the Distinguished Alumnus Awards at the Thanksgiving liturgy (page 27). We know that the St. Charles Community is always excited and proud to hear about the accomplishments of our student- athletes and their service to their fellow man. National Merit honorees, an appointee to the U.S. -
Major Findings of the Assessments of the Gross Impacts of the NHL Columbus Blue Jackets, Nationwide Arena, and the Arena District on Greater Columbus, 1998-2008
Major Findings of the Assessments of the Gross Impacts of the NHL Columbus Blue Jackets, Nationwide Arena, and the Arena District on Greater Columbus, 1998-2008 Prepared by Contact: David Wirick 614-292-5360 [email protected] July 2008 Economic Impact Studies, 19982008, NHL Columbus Blue Jackets, Nationwide Arena, and the Arena District This two-part study examines the gross economic impact of the development of the Arena District over the past 10 years from a neglected section in the northern part of downtown that once housed the abandoned state penitentiary to a now-thriving multi-use development that helps connect downtown to the rapidly developing Short North neighborhood. Phase 1 examines the economic footprint of the NHL Columbus Blue Jackets and Nationwide Arena, and phase 2 examines the gross economic influence of the entire Arena District. In order to accomplish the assessment of the gross impacts of the Blue Jackets, Nationwide Arena, and the Arena District, the Columbus Blue Jackets contracted with the John Glenn School of Public Affairs at The Ohio State University. The studies were conducted using data provided by the Blue Jackets, Nationwide Realty Investors, Experience Columbus, Nationwide Arena, the City of Columbus, the Greater Columbus Sports Commission, the Columbus Chamber, the Ohio ES202 Network, and a variety of contractors and vendors. In every case, data was provided promptly and willingly by those sources. We thank them for their cooperation and participation. Major Findings and Conclusions of the Studies 1) Blue Jackets provide the catalyst for Arena District development and downtown Columbus development Over the past 10 years, much has changed in the area of Columbus now commonly known as the Arena District. -
Buggyworks Office Leasing Opportunities Columbus, Ohio
400 West Nationwide Blvd - Buggyworks Office Leasing Opportunities Columbus, Ohio The Arena District is one of the country’s premier office, sports, dining and entertainment destinations, with 1.5 million square feet of Class A office space, 300,000 square feet of retail, restaurant and entertainment venues, and 800 residential units. The original timber framed Buggyworks building, built in 1902, is being renovated to create a unique and open office environment and bring it up to modern standards for NEIL AVE. NEIL HUNTINGTON PARK LANE PARK HUNTINGTON energy efficiency, while embracing the historic feel of the 100 year-old exposed brick and timber structures on the inside. A concrete structure added in the 1950’s will be converted into an attached parking structure. With nearly two-dozen buggy manufacturers operating in Columbus in the early 1900’s, Columbus was once regarded as the Buggy Capital of the World. By 1900, the Columbus Buggy Company employed 800, some of which were working in the building at 400 W. Nationwide. The building was also once the home of Union Fork & Hoe Company, predecessor to Union Tools. BUGGYWORKS PHASE II 400 West Nationwide Blvd. Building Highlights: WEST NATIONWIDE BLVD. • Class A office and prime retail/restaurant space available • Historic 1902 timber framed building West Nationwide Blvd. • Single or multi-tenant space in a range of sizes and configurations • 107,000 total RSF on 4 floors • Exterior signage opportunities available • Attached parking garage and adjacent surface parking at a 5:1000 ratio • Prominent location adjacent to Huntington Park with views of the ballpark and downtown Columbus www.arenadistrict.com THE BUGGYWORKS PHASE II NATIONWIDE REALTY INVESTORS in collaboration with: Arena District Master Plan 360 Architecture Date 2014 0313 FIRST FLOOR PLAN SECOND - FOURTH FLOOR PLANS Covered Parking UP UP Elev. -
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.