Day Companies Buys Madison’s Retail buildings

 In Columbus, Commercial, development, net lease, Ohio, real estate

columbus downtown net lease retailOne block of blight on High Street will be redeveloped with the purchase of the three long vacant Madison’s store buildings at 72-84 N High Street by Ricky Day of the Day Companies.

The two six story and one four story building comprise the 84,000 square feet of the old Madison’s retail department store.   The buildings, owned by the Tonti Organization, were in danger of demolition by the City of Columbus due to the safety hazard the crumbling buildings posed to the public.

There’s great confidence that the Day Companies will redeveloped the three building into to something significant for downtown given their record of success with every project they touch.

They also own the buildings north and south and the Madison property.   They’re also renovating the old Citizens building at 51 N High into ground floor net leased retail with 65 apartments above plus they purchased the building on the southeast corner of High and Gay.

Although the Day Companies aren’t exactly sure what they’re going to do yet with the Madison buildings other than ground floor Columbus net leased retail with residential above, expect great things to happen as this development moves forward.

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