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  • Halle Smith

THE WEEKLY REVIEW | March 22, 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

“Intel has spent $1.5 billion and hired 69 workers so far on what is the state's biggest economic development project, a fraction of its $20 billion promise to build two factories in Licking County that will create 3,000 high-paying jobs. Intel said it remains fully committed to the entire investment of dollars and jobs in the area.”


“The semiconductor company also now says it anticipates construction of both plants to be finished in 2026-27 and to become operational in 2027-2028, according to a state report released Friday afternoon detailing Intel's progress through 2023 on the project that was announced two years ago. Initially, Intel said the plants would begin producing semiconductors by 2025.”


2

“Gilbane Building Co. is moving to from downtown Columbus to Franklinton. The construction company plans to move into the new office building Kaufman's Gravity development this summer. The company will be the first office tenant in the second phase of the Franklinton project. Gilbane will take 14,598 square feet of space, or half a floor.”


“The new office will include private offices as well as collaboration spaces for team members in leadership, operations, pre-construction, estimating, purchasing, scheduling, and sales and marketing. It will also include “hotel” desks for project-site team members when they’re between projects, according to a release from Kaufman, Gravity's developer.”


3

“Alex Vinash may call New York home, but he has become more than comfortable in Columbus. The fashion designer will open his new boutique at 858 N. High St. in the Short North Friday. It’s not an outsider coming to town to make a leap of faith. Vinash has spent extensive time in Columbus. He twice headlined Fashion Week Columbus and he previously was part of the multi-tenant Common Thread boutique downtown.”


“’The 10-county Columbus metropolitan area grew by 18,205 residents to 2,180,271 as of July 1 of last year, the U.S. Census Bureau reported Thursday morning. It was the biggest jump since 2019 to 2020, although the Census cautions against using earlier data because of a change in methodology.’”





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