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  • Writer's pictureColliers | Columbus

THE WEEKLY REVIEW | March 3, 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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1

Honda has officially broken ground on its new plant to make batteries for electric vehicles, a $3.5 billion venture that further deepens the automaker's long ties to Ohio. The automaker, along with its new partner, LG Energy Solution, celebrated the event with state and local government, business and community officials gathered under a tent at the site just off Interstate 71 in Fayette County.”


“Their joint venture L-H Battery Co. plant marks a major move away from gasoline-powered motors for Honda and a significant step toward the automaker's push to sell exclusively battery-electric and fuel-cell electric vehicles by 2040, said Toshihiro Mibe, Honda's president and CEO.”



2

“OhioHealth Corp. announced a $400 million inpatient, outpatient and trauma center expansion at Grant Medical Center – a project that also will do away with one of downtown's many surface parking lots. Already the state's busiest trauma center, Grant anticipates adding about 500 jobs over the decade to the 3,000 now at the hospital, according to a spokeswoman.”


"’This commitment will establish the medical campus our city needs as it continues to grow,’ hospital President Michael Lawson said in a release. ‘We are choosing to commit, partner and invest in downtown Columbus for the long term.’ Construction is expected to start this summer on the first phase, a 40,000-square-foot medical office and outpatient center with a five-story parking garage at Grant Avenue and State Street, across State from the main hospital.”







3

“University Square is adding stir-fry bowls, a familiar fast-casual hamburger name and more. Developer Campus Partners Thursday announced a trio of new additions coming to the development at 15th and High, plus more additions headed for Gateway University District.”


“’One thing is certain about the thousands of people who live, work and study within the University District and that is they like a variety of choices when it comes to food and beverages,’ Campus Partners President Matt Hansen said in a release. ‘Adding seven new places to explore along the High Street corridor will provide something for everyone to enjoy.’”


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