Colliers | Columbus
THE WEEKLY REVIEW | February 17, 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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Retail - East Market's New Beer Hall
“The much-anticipated Franklin Park brewery and restaurant at 200 Kelton Ave. hasn’t set its grand opening date yet, but it is holding soft opening events this weekend. The events are ticketed and, according to Facebook, already sold out, so tough luck to those not following along on social media.”
“The 13,000-square-foot beer hall at the former trolley barn complex on the city’s east side has been in the works for five years. Expect a spacious beer hall with a full-service restaurant, ample beer, event space and a large patio. A recent Facebook post highlighted that event space, which they’re calling The Rabbit Hole, which features a private bar with more than 20 taps and the building’s original brick and woodwork. This is in addition to the main dining hall and its bar.”
Industrial - Why Intel Chose Ohio over North Carolina
“The trophy project was known internally as Project Supernova; California-based Intel Corp. was planning a massive, $20 billion semiconductor plant, and officials in Raleigh wanted it in North Carolina.”
“The expansion, which would later be labeled the first major investment in domestic microchip manufacturing linked to the passage of the federal Chips & Science Act, was announced for Ohio almost exactly one year ago after the Buckeye State put up more than $2 billion worth of incentives. Now, newly released documents from the North Carolina Department of Commerce reveal the state's big push in an attempt to win the project — one that included the potential for more than $1 billion in incentives.”
New Development - North Market $345 Million Project
“Construction has begun on the 32-story, $345-million development called The Merchant Building on the parking lot next to the North Market at 59 Spruce St.”
“Fences have gone up around the lot as crews begin work on what will eventually include a 212-room hotel with event space, 172 residential units, 68,000-square-feet of offices, a 353-space parking deck, multiple restaurants and bars, and an expansion of the North Market itself.”