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  • Writer's pictureColliers | Columbus

THE WEEKLY REVIEW | June 21, 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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1

“Google is pouring another $2.3 billion into its three data center sites in central Ohio. The tech giant announced the investments Tuesday morning at its data center on the city's Far South Side that was once the home of the historic Hartman Farm where construction continues. “


“Google's data centers run its services such as search, Gmail, maps, cloud, and YouTube for users around the world. ”Data centers are the backbone of many of the services we provide for our customers at Google," said Jim Anderson, Google Cloud's vice president of North America Partner Ecosystem and Channels, who announced the investment Tuesday at a ceremony that drew state and local government officials and business leaders.”


2

“Existing affordable housing in downtown Columbus will get a facelift, thanks to state tax credits. The Commons at Grant, a 100-unit, permanent supportive housing community at 398 S. Grant Ave., will be renovated using a 9% Low Income Housing Tax Credit. The apartments were originally built by National Church Residences in 2022 through the 9% LITEC program, according to the developer.”


“The Ohio Housing Finance Agency administers the federal tax credits. Formerly homeless people, veterans and disabled individuals live in the Commons at Grant building. All of the apartments are semi-furnished and residents are provided support programming and services. The renovation will include upgrades to apartment units and common areas, as well as a new roof and new windows."


3

“Everything from the paint and furniture to the sounds and scents in GreenHouse has been painstakingly hand-selected.

GreenHouse, Kaufman's latest development at 21 W. 2nd Ave. in the Short North, includes the former (and now restored) International Brotherhood of Electrical Workers headquarters and a new seven-story building with 158 apartments, including penthouse units and townhomes, which front Price Avenue.”


“Brett Kaufman, CEO of the development firm Kaufman, said curating a relaxing experience for residents was top of mind. "We wanted to bring a very spa-like, resort respite that was highly focused on nature," Kaufman said. "And I think we did a good job of bringing that to Columbus. "Live plants and greenery walls cover the apartment complex. And the spa area features Himalayan salt tiles on the walls and stones on the floor, similar to a tropical resort.”





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