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Five-story apartment building nears construction in Franklinton
COLUMBUS, Ohio (WCMH) — A vacant Columbus lot down the street from the Gravity development in Franklinton may soon be home to a new five-story apartment building.
Grateful Development Partners, a central Ohio-based development company, is advancing plans to build a mixed-use residential building at 550 W. Broad St. in Franklinton. Once completed, the complex will house 64 apartments on the top four floors, and a ground floor retail alongside a 42-space parking garage.
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'We are committed to addressing the affordable housing crisis by creating both accessible and desirable projects,' Grateful states on its site. 'We specialize in developing mixed-use properties that blend residential, commercial, and recreational spaces in a way that enhances the quality of life for our neighborhoods.'
Chris Gump, partner at Grateful, confirmed to NBC4 the company is hoping to begin construction by end of the summer. The development company's project was reviewed one last time by the East Franklinton Review Board on May 28, which approved the landscaping and lighting proposed for the complex.
The five-story building was first presented in May last year to the review board, who applauded the proposal and said it 'enhances the area's urban character.' Grateful returned to the review board in July and then again in August for the building's approval.
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Before construction can begin on the new structure, crews will need to demolish a one-story building that has long sat vacant on the property.
The site is just a block away from Gravity, a sprawling residential complex that recently sold several buildings part of its second phase for a combined $78 million. Since then, these former Gravity properties have been rebranded to 'Horizon West' and are now under the management of a Columbus-based investment firm named Coastal Ridge Real Estate.
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