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  • Halle Smith

THE WEEKLY REVIEW | DECEMBER 29, 2023


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

“Central Ohio may see fewer new plans for office conversions in 2024, according to at least one industry expert. Three examples of the trend, which has gained popularity in the wake of the pandemic as approaches to in-office, are in the works locally.”


Edwards Cos. is redeveloping the PNC Plaza at 155 E. Broad St., now called Preston Centre. The developer is converting half of the 360,000-square foot office tower to residential units. There will also be some ground-floor retail space, including a Cameron Mitchell steakhouse.”


2

“Another year, another slate of new Cameron Mitchell restaurants. The Columbus-based restaurant group, already coming off a busy 2023, isn’t slowing down in 2024. It's got plans for a pair of new restaurants. It’ll return to downtown with the Butcher & Rose steakhouse, which will be part of Edwards Cos.’ Preston Centre. The company also nabbed another high-visibility spot as it plans to add a restaurant on Easton Town Center’s fountain square.”


“Another prominent local, chef Andrew Smith, will open Isla in Merion Village in 2024. Local favorites Mikey’s Late Night Slice and Wario’s are expanding too. In known national names, Guy Fieri will bring a restaurant (and a food festival) to Columbus. A pair of national names are coming to Columbus for the first time: Capital Grille is redeveloping the former Champp’s restaurant at Lennox Town Center and Sweetgreen is coming to a Wood Cos. building in the Short North.”


3

“More than 20% of Columbus workers are fully remote, according to a new report by Rent. The site, for property owners and operators, ranked Columbus 28th in a list of best cities for hybrid work as part of its look into how the COVID-19 pandemic has changed the workplace.”


“What is taken into account in the methodology for the rankings? Each city’s amount of coworking spaces, percentage of work from home employees, and cost of living, according to Rent.”


"’The Columbus Region offers the unique opportunity to fulfill your professional and personal ambitions,’ McDonald said in a prepared statement on the ranking. ‘We offer a variety of lifestyle and housing options, and the ability to access world class cultural and sports venues at an affordable price.’"





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