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  • Writer's pictureColliers | Columbus

THE WEEKLY REVIEW | June 14, 2024

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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“As part of its economic development strategy, the city of Hilliard is passing legislation to incentivize flexible industrial developments that will bring long-term jobs to the community. Hilliard City Council recently approved four pieces of legislation that pave the way for new “flex-tech” uses at two sites on Britton Parkway and Edwards Farms Road. The city says this will result in the creation and retention of hundreds of jobs. “

“There, EQ Britton Flex LLC – a limited liability company tied to Equity, a Hilliard-based commercial real estate firm – will construct a 158,000-square-foot flex industrial facility for Eco Plumbers, Electricians and HVAC Technicians. To support the project, council approved a 12-year, 50% property tax abatement for the site and authorized an agreement to pay 20% of Eco Plumbers' withholding taxes for the new jobs.”


“As the public comment period wraps up on Columbus' newly proposed zoning code, the city held a public hearing on parking and housing to continue to gather feedback. Columbus' zoning code hasn't been comprehensively updated since 1950. This proposal is the first phase of what will likely be several updates to the code. This first phase encourages more height, increased density and fewer parking spaces in future developments.”

“Councilman Rob Dorans said that the goal for the first phase of this zoning code update is to create a more efficient and equitable process. And although this is the first large update of the code in decades, the city plans on monitoring the code closely, he said. "It's been 74 years years since we've updated the code like this, I don't expect it to be another 74 before we make more change," Dorans said."


“A mixed-use development has been proposed on a 43-acre site near Ohio University's Dublin campus. Plans for the project called Cosgray Commons were submitted to the city by architecture and design firm NBBJ. The Seattle-based company, which has an office in Columbus, filed the application in May. Commercial real estate firm Colliers also is listed in the filing.”

“The proposed development is located on vacant property southeast of the Route 161 and Cosgray Road roundabout. The site is in Dublin's research flex zoning district and is adjacent to Ohio University's Heritage College of Osteopathic Medicine and Integrated Education Center. The project proposes a mix of office, residential and commercial uses. A site plan shows apartment complexes, hotels, mixed-use office and retail buildings, parking garages and townhomes spread across roughly 25 buildings. The development also includes open spaces throughout.”


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