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
“Microsoft Corp. will use Intel Corp. to make chips on Intel's most advanced technology, a victory for the contract fabrication business that CEO Pat Gelsinger has vowed to build as a key part of a larger revitalization effort.”
“The $20 billion first phase of a semiconductor complex under construction in New Albany is a key component of the business line, renamed Intel Foundry on Wednesday.”
“Intel has promoted the Ohio One fabs as a key to its Foundry strategy, making the company's most advanced chips for industry and the military, since first announcing the development two years ago. The company recently confirmed it would not meet an "aggressive" goal to open New Albany in 2025.”
2
Development - Nationwide Children's Healthy Homes Initiative Turning Hardware Store Site into Affordable Housing
“Nationwide Children's bought the Zettler Hardware property at 2150 Innis Road for $1.5 million, according to the Franklin County Auditor's office. Zettler had owned the property since the mid-1980s, according to the auditor.”
“The Healthy Homes initiative started on the South Side in 2008 and later expanded to Linden. On the South Side, the program has touched more than 730 homes through either renovations, new builds or grants to home owners for repairs.”
“Healthy Homes' first 30 Linden units are nearing completion. The average rent there is $875 per month for a three-bedroom unit. Units being built in Linden will be priced for people making 60% to 80% of the area median income.”
3
“Lion Cub's Cookies, whose founder started selling baked goods from a folding table at North Market less than five years ago, will open its second storefront next month in Worthington.”
“And just as the 2021 opening of its initial store in Grandview Heights was aided by a crowdfunding campaign, the new location raised $100,000 in crowdsourced investments within hours last summer. The money was used to buy equipment for the second Lion Cub's Cookies at 7105 N. High St. in Worthington.”
