Category Archives: Retail

Name and Design Change for Clintonville Mixed Use Project

The Clintonville project on Indianola formerly known as The Olympic has a new name, The Deco. From what I understand, an early NIMBY opposed to the project ratted them out to the USOC who then notified the developer that the change of use invalidated their grandfathered status to continue to use the name Olympic. Now,…

1031 Buyer Requirement – Triple Net Retail or Absolute Net Retail, National Credit, Single Tenant – $1.3 to $2.6 Million

California exchanger in day 4 of 45 day identification period looking for triple net retail properties for sale or absolute net retail investment.  $1.3 mil needs to be replaced to $2.6 mil under the 200% 1031 rule. Must be credit tenant, preferably single tenant, NNN, triple net leased retail with at least seven years unexpired left…

Retail Lease Basics

I get questions from both proprietors starting a new concept and looking for a new space to lease and investment buyers looking for net leased retail properties to purchase so I thought it would be a good time to review the basic lease types. I’m certain that most Columbus commercial real estate agents get the…

Big Retail and Apartment Development for Hollywood’s Donut Time District

Developer, AvalonBay, spent $100 million to buy six acres of land around Santa Monica and Las Palmas for a huge 695 unit apartment complex complete with another 25,000 square feet of ground floor net leased retail space according to Los Angeles Business Journal. Los Angeles commercial real estate agents will be pleased to have some…

Columbus – The Next Hot Spot For Millennials?

I missed this when the article was published a couple of months ago, although I’ll admit that I don’t read Mother Jones all that much. Columbus: Where the cost of living is more living than cost, reads one ad.  Given where our rents have gone over the last few years, that’s not nearly as true…

Clintonville – Olympic Swim Club Mixed Use Project Approved

The slightly downsized project for the old Olympic Swim Club site at 3450 Indianola finally got its final zoning approval by Columbus City Council. Initially, the project was slated for 152 apartments and 18,000 square feet of retail and restaurant, but that brought quite a bit of resistance from local residents concerned about traffic as…

The Short North White Castle Project Gets an Update

Columbus Short North retail and office

As was just reported by Walker Evens of Columbus Underground, and just about everyone else, Borror Properties revealed its latest design update for the 11 story proposed replacement for the old pre WWII White Castle located at second and HN High Street. After feedback from the Victorian Village Commission in April, Borror made some very…

Another huge project for Los Angeles’ South Park

shenzhen%201

This is just amazing. Another mega project for LA’s south Park with a newly announced multi tower project with high rises up to 42 stories to be located at Olympic and Figueroa all the way to Eleventh and Flower. China’s developer, Shenzhen Hazens Real Estate Groupis currently in the ntotlement process on the Gensler designed…

Delaware County’s Tanger Outlet Mall Approved

Delaware County commissioners have approved the $17.6 mil worth of roads that well soon serve the route 36/37 net leased retail 350,000 square feet Tanger Outlet Malls. Preliminary site work has already begun, but a date for the official ground breaking hasn’t been announced yet, but it expected to be very soon. The project includes…

Los Angeles’ South Park New Developments in Progress

In my 30 years in LA, never did I think I would see something like the following happening. South Park, roughly defined as southwest of the Arts District, south of downtown Los Angeles, east of the 110 and north of the 10, has 28 new developments in progress. Historically, what is now known as South…

Los Angeles Gets 40 Story Mixed User in Historic Core

Los Angeles net lease retail

Hellen’s 525 S Spring Street will get a big high rise designed by Steinberg Architects with TSK Architects and seen here http://urbanize.la/post/new-design-and-rendering-stationers-tower-project-historic-core. Plus, this will include the renovation of three historic theaters on Broadway, LA’s Broadway, the Roxie, Cameo, and Arcade to further the very successful revitalization of the theater district.  http://la.curbed.com/archives/2015/02/stunning_looks_inside_7_of_broadways_rarely_opened_theaters.php This is the…

Clintonville – North Broadway and High Street Development

Northstar Realty and Mark Ford of Ford and Associates AIA presented a preview of preliminary plans they will eventually take to the Clintonville Area Commission for approval.  The meeting was hosted by Positively Clintonville https://www.facebook.com/pages/Positively-Clintonville/1401958676717564 to allow the developer to get feedback from the community before the plans were submitted for approval from the city….

Latest Approved Bridge Park Plans for Dublin Ohio

Bridge Park

The city of Dublin, Ohio approved the basic development plan for the Massive Bridge Park Development. Once completed The Bridge Park Development is expected to be over one million square feet of residential, 222,000 square feet of office, 120,000 square feet of retail, 136,000 of conference and hotel, 92,000 square feet of restaurant plus a…

Developers Chosen For Old Columbus Municipal Power Plant On Nationwide Blvd

The City of Columbus announced that they have chosen Brad DeHays and Schiff Capital to redevelop the three buildings that comprise the long closed Columbus Municipal Power Plant property at 555 West Nationwide Blvd. The three buildings mentioned above are all on the north side of Nationwide Blvd. The plan is to add retail, office…

Rick Caruso does Pacific Palisades

Pacific Palisades

The reimagining of Pacific Palisades’ Palisades Village has been underway for years by Rick Caruso, developer of The Grove and Americana at Brand.   Now the actual work is about to begin and is expected to be completed in 2017. Palisades is one of if not my favorite Southern California suburbs, but had become a little…

New Six Story Culver City / Palms Mixed Use

West Los Angeles net leased retail and apartments

Better late than never is the story with this new ground floor net leased retail mixed use building with 131 apartment units above.  It’s on the northwest corner of Washington Blvd and Hughes Avenue in Palms, bordering Palms and Culver City. Developed by NMS Properties with Architects Killefer Flammang in Santa Monica.  The building will…

Campus Partners Picks Edwards for South Campus Gateway

It was announced today that it was local developer, Edwards Communities that was picked to develop Ohio State University’s South Campus Gateway. The retail, office and residential development will be one step closer to connecting the short North with OSU and Weinland Park. The seven acre development is mostly east of high Street in the…

Mid Ohio Regional Planning Commission – Insight 2050 Report

Mid Ohio Regional Planning Commission (MORPC) with collaborative partners Columbus 2020 and ULI Columbus released their final draft of their Insight 2050 report to compare and contrast four different possible growth scenarios for Central Ohio. The four scenarios compare growth similar to what we’ve done in the past with urban sprawl in Scenario A to…

Temperance Row Brewing Opens in Uptown Westerville

As many locals know, Westerville was ground zero of the temperance movement in the early 1900s. Ironically, Toni Cabilovsky named the new Westerville Uptown Deli and Brew at 41 N State Street Westerville, with the brewery named Temperance Row Brewing. Toni also brought brewmaster Scott Francis into the project to run the brewery . Francis…

New Whole Foods for Burbank in 241 Unit Mixed Use Apartment Complex

Burbank apartments and net leased retail

It took developer Michael Cusumano two years to get this through Burbank’s planning commission and city council, and despite the objections of Burbank’s mayor, the project finally got approved. Residents complained as always that the project will jack up traffic flow. The developer will have to drop $250,000 to go toward ‘traffic calming’ measures and…