Latest news with #TransformationalMixed-UseDevelopmentProgram
Yahoo
26-02-2025
- Business
- Yahoo
Demolition of Columbus buildings for 24-story tower delayed
COLUMBUS, Ohio (WCMH) — The demolition of four Downtown buildings to make way for a new mixed-use tower is temporarily on hold. Columbus' Downtown Commission voted on Tuesday to table Bluestone Brothers Development's request for approval to bulldoze several single-story buildings on the southeast corner of East Rich and South Fourth streets. After demolition, Bluestone Brothers is planning to construct a 24-story, 504,000-square-foot tower called 'The Estrella.' Thrive Companies to transform former junkyard into mixed-use development While commission members spoke in favor of the proposal, they were reluctant to grant demolition approval given Bluestone Brothers has yet to finalize The Estrella's design and engineering plans. Now, the development company has 30 days to submit those plans before the commission again reviews the demolition request during an April meeting. Bluestone Brothers has previously said demolition would take place this spring. If the development company receives approval in April, it expects bulldozing to last three to four months before construction begins on the tower in early 2026. Costing about $122 million, The Estrella aims to 'add to the revitalization of the Fourth Street district corridor' with 277 residential units, two commercial spaces spanning more than 45,000 square feet, and a parking garage with 322 spaces. Bluestone Brothers' previous proposal for the project called for the demolition of several-story buildings home to several businesses, including Dirty Frank's, 16-Bit and the former Red Velvet Cafe. Since then, Bluestone has altered the project to keep those storefronts in place and axed plans for a five-story commercial building that was going to take the existing businesses' space. Thrive Companies to transform former junkyard into mixed-use development The Estrella was awarded a $4.5 million tax credit in January from Ohio's Transformational Mixed-Use Development Program, along with eight other Buckeye State developments. Those recipients include another Downtown project tasked with transforming Capitol Square by redeveloping or replacing underutilized buildings and surface parking lots. A mixed-use development being built on the former Germain Amphitheater site near Polaris Fashion Place can also now move forward with additional phases after also receiving a tax credit from the mixed-use program. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
07-02-2025
- Business
- Yahoo
Heath ‘Central Park' district earns $5.8 million Ohio tax credit for second phase
HEATH, Ohio (WCMH) — A $218 million project tasking with building a downtown district for the city of Heath can move forward with a second phase after receiving a tax credit from the state of Ohio. New Albany-based Wallick Communities earned a $5.8 million tax credit on Jan. 27 from Ohio's Transformational Mixed-Use Development Program to build the $66 million second phase of Heath's 'Central Park' development. The project's first phase was also awarded by the program, receiving an $8.5 million tax credit in January 2024. Butcher shop known for wine bar, Ohio-raised beef closes after one year Central Park is one of nine Ohio projects that the mixed-use program decided to support last month, like a development being built on the former Germain Amphitheater site near Polaris Fashion Place. Tax credits were also provided to a new Columbus tower and a project aiming to revitalize Capital Square around the Statehouse. The Heath project's first phase is being built this year on 48 acres near Indian Mound Mall, spanning 500,000 square feet of development and including four mixed-use buildings, a community center and eight multi-family residential buildings. Amenities will include a clubhouse with a community pool, volleyball courts, green space and recreational trail access. In addition, the mixed-use buildings will be home to 42,000 square feet of commercial retail space expected to be occupied by shops, offices, restaurants and breweries. Bexley honors local Black leaders through annual banner program Central Park's second phase will develop more than 729,000 square feet and include additional multi-family residential buildings and assisted living facilities. A public plaza and a 410,000-square-foot sports complex with soccer fields and an ice skating rink are also planned for this phase. The Heath development is expected to create about 575 construction jobs and 376 permanent jobs at the site once completed. Fischer Homes announced last summer it will construct 21 single-family homes off State Route 13 in Heath as part of a development named 'Linnview Crossing,' marking the first time the company has built in the city. Linnview will be a few miles away from Central Park, and will offer 10 floor plans from Fischer's 'Maple Street Collection,' which range from 1,700 to 3,000 square feet. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
06-02-2025
- Business
- Yahoo
24-story Columbus tower with grocer receives $4.5 million Ohio tax credit
COLUMBUS, Ohio (WCMH) — Demolition is expected to begin this spring to make way for a new mixed-use Columbus tower that recently earned a tax credit from the state of Ohio. Bluestone Brothers Development was awarded a $4.5 million tax credit on Jan. 27 from Ohio's Transformational Mixed-Use Development Program for 'The Estrella' project. Plans call for the 24-story tower to be built on the southeast corner of East Rich and South Fourth streets, currently home to single-story buildings that will face a bulldozer. Columbus airport adding direct flight to Maine this spring The Estrella is one of nine Ohio projects that were given tax credits last month as part of the Mixed-use Development Program, including another Downtown project tasked with transforming Capitol Square by redeveloping or replacing underutilized buildings and surface parking lots. A mixed-use development being built on the former Germain Amphitheater site near Polaris Fashion Place can now move forward with additional phases after also receiving a tax credit from the mixed-use program. Costing about $122 million, The Estrella will span more than 500,000 square feet and 'add to the revitalization of the Fourth Street district corridor' with residential units, restaurants, office space, event venues, recreation spaces and a public plaza. The development will also be home to a grocery store, which aims to provide much-needed access to healthy food options in a 'food desert.' Upscale steakhouse opening first Ohio location at Easton Town Center Bluestone Brothers' previous proposal for the project called for the demolition of several-story buildings home to several businesses, including Dirty Frank's, 16-Bit and the former Red Velvet Cafe. Since then, Bluestone has altered the project to keep those storefronts in place and axed plans for a five-story commercial building that was going to take the existing businesses' space. The Estrella is expected to create approximately 1,239 construction jobs and 808 permanent jobs at the project site. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-02-2025
- Business
- Yahoo
Germain Amphitheater site redevelopment awarded $7 million Ohio tax credit
COLUMBUS, Ohio (WCMH) — A mixed-use development being built on the former Germain Amphitheater site near Polaris Fashion Place can now move forward with additional phases after earning a tax credit from the state of Ohio. NP Limited Partnership, Polaris mall's developer, was awarded a $7.39 million tax credit on Jan. 27 from Ohio's Transformational Mixed-Use Development Program for 'The Galaxy at Polaris' project. While Galaxy's first phase is already under construction, the tax credit will allow NP to forge ahead on the 11 buildings that will make up the development's second phase. Trolley car still inside, demolition looms for former Spaghetti Warehouse building The Polaris complex is one of nine Ohio projects that were given tax credits last month as part of the Mixed-Used Development Program, including a Downtown project tasked with transforming Capitol Square by redeveloping or replacing underutilized buildings and surface parking lots. 'With new development and growth comes new possibilities for Ohioans,' said Lydia Mihalik, director of the Ohio Department of Development, which administers the program. 'Mixed-use developments create lively communities that attract residents and visitors, transforming empty lots into places where people can connect and thrive.' Costing about $269 million, Galaxy is being built on a 30-acre site on the east side of Polaris between Interstate 71 and Westerville's Medical Mile. The development will span three phases, with the first expected to wrap construction in September and the second planned to kick off in the spring of next year. Dublin director's commercial will air during Super Bowl LIX The first phase is home to 289 apartments, a more than 700-space parking garage, 37,000 square feet of commercial space, a dog park and an amphitheater. The second phase will span 1.7 million square feet with retail, more apartments, office space, restaurants, a grocery store, and other community amenities. Galaxy is expected to create approximately 2,102 construction jobs and 1,699 permanent jobs at the project site. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
30-01-2025
- Business
- Yahoo
Ohio awards $33 million tax credit for Capitol Square revival
COLUMBUS, Ohio (WCMH) — A Downtown project tasked with transforming Capitol Square into a vibrant mixed-use district was awarded a substantial tax credit from the state of Ohio this week. Edwards Companies was allotted a $33 million tax credit on Monday for the 'Capitol Square Renaissance' project from the Transformational Mixed-Use Development Program, which also announced tax credits for eight other Ohio projects. The Renaissance project is redeveloping or replacing underutilized buildings and surface parking lots between Downtown's Broad and Third streets. Watch a previous NBC4 report on the Renaissance project in the video player above. 'As our state grows, it's more important than ever that we are creating communities where current and future Ohioans can live up to their fullest potential,' said Gov. Mike DeWine in a release. 'By prioritizing developments that transform neighborhoods, we're making Ohio a place where people will want to be — now and in the future.' What new Chinese AI technology may mean for Ohio's Intel plant Costing about $573 million, the Renaissance project will feature more than 1,000 new Downtown residences, nine restaurants, structured parking and nearly 200,000 square feet of office space. The project will replace a concrete-heavy, car-centric environment with improved streetscapes, green spaces and three new publicly accessible parks. One of the development's buildings already underwent several modernization efforts and the second is under construction, with Edwards set to forge ahead with the others now that they've been awarded the tax credit. The company is aiming to complete construction on the entire Renaissance project by June 2030, creating 2,634 construction jobs and 1,954 permanent jobs. The first building is the Preston Centre, the former PNC Tower at 155 E. Broad St., which is already owned by Edwards and has been redeveloped for mixed-use. The Preston Centre is 'the cornerstone of the project,' and is home to Cameron Mitchell's new steakhouse, Butcher & Rose, that opened on the ground floor last summer. As part of the Preston Centre's revitalization, Edwards is redeveloping an elevated walkway connected to the building that will lead to an open-air space named 'Preston Park.' The park is meant to be reminiscent of the Highline in New York and will be open to the public with plants native to Ohio, public art and programming for live music and other events. Dublin City Schools cancels plan to buy Cardinal Health building for $37 million Preston Park will connect to the second building in the development, The Gilbert at 195 E. Broad St. The new 15-story building is already under construction and will be home to residential units and a more than 2,600-square-foot retail space for a café. A third building will be constructed on a one-acre parking lot at 33 S. Fourth St. and stand 11 stories high. Also accessible through the park and featuring residential units, the building will provide opportunities for retail, small businesses and include a dog park. The fourth building is described as 'the mirror image' of the third, and would sit directly across from it on Fourth Street. The development's final building will extend along South Third Street and climb 10 stories high. Another public park named 'Capitol Park' will be built between this building and an existing building as 34 S. Third St. Those visiting Capitol Park would enter 'thru the historic façade of the vacant and dilapidated bank building that currently sits on a portion of the site.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
