New building proposed in $600-million development to cover 10 Downtown blocks
The Edwards Companies has submitted plans for a 12-story apartment building on 4th Street just south of East Broad Street Downtown.
The building would rise on a parking lot between Preston Centre and the YWCA and form a link between the developer's Preston Centre project and the rest of the proposed 10-acre development, called Capitol Square Renaissance.
Plans for the new building call for 218 apartments in a mix of studios and one- and two-bedroom units, and two-story penthouses. The building also includes parking, a lobby, space for a retail tenant, and a rooftop pool and clubhouse.
The apartments would occupy floors three through nine in a C-shaped structure around a courtyard on top of the first two levels.
The building is one of four new buildings planned in the Capital Square Renaissance footprint, in addition to the Preston Centre, which was a conversion of the former PNC Tower into residences and restaurants.
The first new building, the 15-story Pembroke apartment building at 195 E. Broad St., with 164 apartments, opened in the spring.
Proposed new buildings include a sister building to the one now proposed, but on the east side of South 4th Street, and a 10-story apartment building on South 3rd Street across from the Ohio Statehouse.
If completed as planned, the development would include more than 1,000 residences, nine new restaurants, parking decks, and about 200,000 square feet of offices east of South 3rd Street and south of East Broad Street.
In January, the Ohio Tax Credit Authority awarded the project up to $33 million in tax credits designed for "transformational mixed-use developments."
Edwards is scheduled to present plans for the 4th Street building to the Columbus Downtown Commission on Aug. 26.
Real estate and Development Reporter Jim Weiker can be reached at jweiker@dispatch.com and at 614-284-3697. Follow him @JimWeiker
This article originally appeared on The Columbus Dispatch: Apartment building proposed as part of $600M downtown Columbus project
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