Category Archives: Columbus

How about a grilled cheese and tomato soup?

tom & chee

Central Ohio newcomer Tom & Chee with what’s being called “the ultimate grilled cheese experience” is planning up to ten fast casual type restaurants in Central Ohio with two opening this year. Tom & Chee has received national attention for primarily one specialty: the grilled cheese donut. It’s cheddar cheese melted between a glazed donut….

Columbus Seeking Proposals to Redevelop Closed Municipal Light Plant Site

Columbus Municipal Light (Chris Russell/Dispatch Photo)

Columbus will take proposals through May 8th to redevelop the site of the Municipal Light Plant at 555 W Nationwide Blvd. , adjacent to the Arena District, and originally opened in 1904. The hopes are to restore and save the original power plant building and redevelop the 1.2 acres into multifamily housing or condos.  I imagine…

Construction Well Underway for the Worthington Road Extension

Westerville net leased retail

Work began a couple of months ago on the Worthington Road extension that will run from Polaris Parkway at the top of the photo south to County Line Road at the bottom of the photo. Design of the $6.3 million project began in 2012 with completion expected by November of this year. Utilities and sewer…

New Albany Panera is the 34th for Central Ohio

Warren Ohio based Covelli Enterprises has just opened their 34th Central Ohio Panera at 5547 New Albany Road in New Albany . It’s the second of seven planned Columbus area net leased restaurant openings for Central Ohio in 2014. The first this year was in the old Clarmont in German Village. The New Albany location…

Columbus Ohio – Rust Belt Becomes Recovery Belt

Steve Steinour who coined the term ‘recovery belt’ after arriving in Columbus five years ago to head up then struggling Huntington Bancshares.  I think he’s been thoroughly impressed with the breadth and depth of not only Columbus and Central Ohio’s recovery , but Ohio as a whole. “We had our challenges, to be sure –…

North Columbus Area Retail Factory Outlet Mall in Delaware County

Simon Property Group and Tanger Factory Outlet Retail Centers have just won a challenge to the zoning of their joint factory outlet retail center to built in Berkshire Township at the Routes 36/37 and I-71 interchange. The competing Northgate Center project is still tied up in a rezoning battle with Berkshire Township.  Developers Craig Realty…

Republican National Convention for Columbus in 2016 is a No Go

It was announced that of Phoenix and Columbus, Cincinnati, Cleveland, Dallas, Denver, Kansas City and Las Vegas, Columbus and Phoenix were eliminated on the first round as the host city for the Republican National Convention for 2016. Given that Ohio is always pivotal in winning the presidency and that Columbus is one of the very…

Proposals for Columbus Convention Center Excess Property

Columbus net leased retail

Proposals from four developers have proposed hotels for the wedge shaped ground level parking lot directly across from the convention center on Goodale.  Wagenbrenner, Pizzuti, Starwood and a joint proposal from CoProposals from four developers have proposed hotels for the wedge shaped ground level parking lot directly across from the convention center on Goodale. Wagenbrenner,…

Caps for Columbus Downtown I-70 / I-71 Split Bridges

Columbus Capital South commercial real estate for lease

Caps similar to the High Street cap over I-670 have been under consideration for the new High Street and Third Street bridges over the new I-70 / I-71 split for quite a long time.  The new bridges will feature caps initially built as green space, but with the capacity to hold buildings just like the…

March 2014 – Commercial Construction Update for Columbus and Central Ohio

I’ll link shortly to Walker Evans at Columbus Underground for his summary of the current progress of Columbus commercial real estate for sale and lease. True, the weather has had huge effect on many of these projects, but now that hopefully it’s getting warmer, there will be much progress in the coming months.  We sure…

Proposal for High End Single Family Homes for Northwest Columbus’ Riviera Golf Club

Developer Charlie Ruma with Davidson Phillips Inc. proposed zoning changes to Dublin’s Riviera Golf Club.  The developer wants the golf club rezoned to single family housing was met with fierce opposition from NIMBYS last Thursday night at the Dublin Planning Commission meeting. Backed by a rather loud group of 150 from a group named Friends…

Greater Columbus Convention Center to Get Facelift

One big weakness in Columbus that hasn’t been addressed yet is the dowdy convention center.   And here we are trying to attract the 2016 GOP National Convention or even the DNC?  With what? Cleveland just completed a half billion dollar new convention center.  Indianapolis just invested $275 million in theirs.  Nashville just opened their $600…

Westerville Planning Commission Turns One Down

On February 26th , the Westerville Planning Commission voted down by  4 – 2 a proposal from Romanelli and Hughes for rezoning a 23.6 acre parcel at 645 and 655 N State from Rural Residential to Planned Neighborhood District. The project was going to be a mixed multifamily and single family development of a 141…

New Gourmet Donut Shop Across From OSU Student Union

columbus net leased retail

Thanks to Columbus Underground, I found something I probably should stay away from.  Thankfully, at 1716 N. High, it’s a long way away from me in Westerville so I’m likely safe.  It’s right across the street from the Ohio State University Student Union next to the Newport.  Its hours at 9:00 AM to 4:00 PM…

Fast Casual Asian Cuisine BiBiBop Opens on Henderson Road

Columbus based Gosh Enterprises LLC, owners of Charley’s Grilled Subs and Charley’s Philly Steak brands opened its second BiBiBop Asian Grill Monday at 1836 W. Henderson Road.  Their first location is in Grandview Heights at 1270 W 5th Ave. The fast causal restaurant startup is similar to Chipotle’s in that they take the assembly line…

Organic Grocer Opening Two New Stores in the Columbus Area

Fresh Thyme Farmers Market is coming to Columbus Ohio with two new locations.  The Phoenix based organic grocer has announced 22 new stores in the Midwest with the first opening shortly in Chicago.  Two are in the works for Central Ohio with one in the former Borders bookstore on Sawmill just south of I-270  and…

Casto’s 392 Apartment Complex Slated for Dublin’s Bridge Street District

Casto's 392 Units in Dublin Ohio

 A 392 unit apartment complex named Tuller Flats to be located on an 18 acre parcel off of Tuller Road near Lexus of Dublin went before the City of Dublin Ohio planning Commission on the 20th. The proposed development would be comprised of 30 three and four unit buildings around a clubhouse and green space. …

Introduction to Retail Lease Terminology

I’ve had a number of calls lately from small multiunit residential owners wanting to 1031 exchange out of their property into Columbus or Los Angeles commercial property for sale.  The interest has primarily been in national credit, single tenant, triple net retail leased properties here in Columbus or Santa Monica / Los Angeles. My Columbus…

Owner User Commercial Real Estate Making a Comeback

Well into the early stages of a recovery, companies seeking to raise funds will sell their property to investors and lease back the space.  However, lately, with increased financing options and a constrained supply available companies are warming to the idea or owning their commercial real estate once again. I’m seeing this with Columbus commercial…

1031 Exchange – Due Diligence Selecting a Qualified Intermediary

I haven’t written much about 1031s over the last year or so, but given the 50% increase in capital gains taxes in many circumstances and the 3.8% Net Investment Tax, there’s been a 50% increase in 1031 exchanges over the last year.  I think the number would be even higher if it weren’t the fact…