Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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1
“Four minority- and women-owned businesses will soon set up shop at the downtown intersection of Gay and High streets.”
“The city of Columbus, Downtown Columbus Inc. and Columbus Empowerment Corp. are supporting four small businesses either relocating to downtown or opening their first brick-and-mortar store.”
“Gay and High streets were selected for the first phase of the program because of existing nearby retail and the surrounding residential population. Given the number of apartments being built within a half-mile radius, the population there is expected to grow to 3,000 people by 2025.”
2
“Developers largely welcomed Columbus' proposed new zoning code, which allows them to build taller buildings with fewer obstacles, but cautioned that it could be years before the code has a real impact on the city's housing shortage.”
“The proposed code, unveiled Thursday and expected to be introduced at City Council on Monday night, replaces more than 40 zoning districts with six broad districts along some of the city's major corridors.”
“"Hats off to the city for taking this first step in updating an Eisenhower-era code," said Jon Melchi, executive director of the Building Industry Association of Central Ohio, which represents builders. "There's universal agreement that the old code is outdated and leads to bad processes and just makes it more difficult to create housing."”
3
“The opening of Base One in Dublin is the end of an era for Charles Penzone Salons + Spas and possibly the start of another.”
“The Columbus-based salon and spa operator is open again at 6671 Village Pkwy. The space that was the company’s original Grand Salon has a new use as a hub for training, education, events, coworking and more.”
“But the training and educational component isn’t just for Penzone. Others in the industry can also use the facility. Hair color product creator Schwarzkopf is holding a training academy there. It’s the first time it has offered that program in the Midwest. Participants had to go to California previously, Penzone said.”
