Columbus office building being demolished to make way for apartments
Columbus Business First
The Columbus region's source for local business news & events. Part of the American City Business Journals network.
Taking obsolete or vacant office space off the market and repurposing it is a growing trend in Central Ohio. With more companies working on a hybrid basis, real estate needs have shifted.
Our most-read story this week at Columbus Business First reflects that trend, as a vacant office building in the Crosswoods area of Columbus is being torn down so developer Preferred Living can build new apartments. Check out our story to read more about the scope of the project.
Why not convert the existing building? Because that’s a whole lot harder to do in suburban offices than downtown towers.
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Real estate news of the week
? Dublin City Schools could buy building on Cardinal Health campus : While we’re on the subject of unused office space, Ohio healthcare giant 嘉德诺 is looking to shed some. The company has entered into an agreement with Dublin City Schools to assess how part of its headquarters campus could be used for educational purposes.
? Kaufman looks to sell prime Franklinton building: The Idea Foundry building in Franklinton is for sale. Real estate firm Kaufman (then Kaufman Development)?bought the Idea Foundry and its parking lot at 421 W. State St. in February 2022 ?for about $5 million .
? Construction begins on 360-unit apartment complex in Hilliard: Construction has commenced on hundreds of apartments at Hilliard's new TruePointe development. Milhaus, an Indianapolis-based developer, in partnership with Harbor Group International, a real estate investment and management firm headquartered in Norfolk, Virginia, announced Monday that work on the ground-up development — to be known as Tempo — is slated for completion in spring 2026.
See more of Columbus Business First’s comprehensive real estate coverage here.
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领英推荐
A few years back, Isaac Gold and his father Ken Gold made the five-hour drive from Columbus to Altoona, Pennsylvania, the home of Sheetz . It was raining —?hard.
"I remember looking at my dad, who was driving at the time, and he was holding that steering wheel tight," said Isaac Gold , vice president of real estate for development firm Skilken Gold . "And I was thinking to myself, 'I hope this is worth it.'"
To state the obvious: It was. Sheetz is now ubiquitous in Central Ohio, while Skilken Gold has seen significant growth from the partnership. Get the full story here.
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We wrapped up our second-annual search for the coolest office in the region this week. The winner: Third Street Digital , a digital agency based in downtown Columbus.
In submitting the company's space for our contest, Meredith Miles, the firm's strategic projects manager, said Third Street's office is a place team members want to visit, even though they don't have to.
"Employees choose how they work best and since many employees spend a large portion of their weeks WFH, we wanted to make sure our space sparked connectivity to capitalize on the times we are together," Miles said in her submission.
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This Weekly Edition was compiled by Eleanor Kennedy. Questions? Comments? Concerns? Email [email protected] .
CONFIDENTIAL AND PROPRIETARY Any duplication, reproduction or usage of this document or any portion thereof without the written consent of ACBJ is prohibited. ? 2024 American City Business Journals. All Rights Reserved.
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