Columbus City Council votes 7 – 0 for Hamilton Road 161 Project, Hamilton Crossing

 In Apartments, Columbus, Commercial, development, net lease, nnn

Finally, after a decade of the fights with the Army Corps of Engineers over wetlands and then the real estate downturn, something is finally going to happen with this big empty field I drive by every day.

Monday night, Columbus City Council approved by a vote of 7 – 0 the 330 acre, $250 million project that’s a joint venture with Casto, Daimler, and New Albany Company. Casto’s website still refers to it as Albany Park.

As these type of project always go, it’ll be mixed use with a bunch of everything other than industrial. Included will be 1 million square feet of net leased retail, 800 multifamily units, 125 senior units, and eventually, 700,000 square feet of office space for lease.

A bunch of work remains to be engineered and underway before any building take place. First, is the realignment of Hamilton Road south of Dublin Granville Road into the six lane spur of Hamilton Road south of 161.

Expect to see much progress in 2016.

To my many Columbus restaurant clients, expect this project, as with everything else the last couple of years, to lease up quickly so if this is of interest, give me a call , Scott Harris Realtor at 614-905-6614.

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net leased retail in Delaware County Ohio