THE WEEKLY REVIEW | May 23, 2025

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

Peninsula's 'Software Alley' to Bring Tech Hub Downtown More Than $4M

“Rev1 Ventures' downtown hub for fast-growing tech companies in The Peninsula development likely will cost more than $4 million. Software Alley creates Class A space for growing tech companies to develop products and meet with clients and investors, Rev1 President and COO Kristy Campbell said. "Folks like that can't afford market-rate real estate," Campbell said. Rev1, which fosters high-growth tech companies in Central Ohio, will lease two floors of the eight-story office building in The Peninsula's first phase.”

2

Development - Phase 2 of The Peninsula Moves Forward After Approval from Downtown Commission

“Plans for a new 14-story residential tower with a ground-floor grocery store at The Peninsula were approved Tuesday by the Downtown Commission. The new concept for phase two is a scaled-down version of a previous proposal, which had included an office building, hotel and a Pins Mechanical Co. location. The single 307,000-square-foot building now proposed will have 249 apartment units with a ground-floor grocery store occupying 34,000 square feet.”

3

Multifamily - Columbus Developer Daimler Group Building 368-Unit Apartment Complex on North Hamilton Road

“A 368-unit apartment complex is coming to North Hamilton Road as the Columbus region seeks to add more housing. The Langham at Chestnut Hill apartment complex is slated for a nearly 20-acre undeveloped site at 5295 N. Hamilton Road, north of Chilmark Drive, east of Nafzger Drive, south of a self-storage facility and west of small commercial businesses that front North Hamilton Road. The site is in Columbus but within the New Albany-Plain Local School District.”