THE WEEKLY REVIEW | May 26, 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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“Intel says construction teams on its $20 billion project in New Albany have poured more than 1,500 cubic yards of concrete this week as part of its shift to a new phase of work at the site that it has dubbed Ohio One. Photos provided to The Dispatch by Intel show the progress the company is making on the foundation of one of the two plants that will one day employ 3,000 workers. ‘This is a massive milestone that all of us here in Ohio and at Intel are extremely proud of. The pouring of concrete at Ohio One is more than just construction progress – we are cementing our future in Ohio and our commitment to expanding U.S. leading-edge semiconductor manufacturing capacity,’ Jim Evers, Intel's plant manager in Ohio, said in a statement. ‘We are excited about the progress we are making and appreciate the support and partnership from our team members, suppliers, partners, and the communities across the Silicon Heartland.’”
“A project that would convert Chase Tower from offices to residential units secured the approval of the Columbus Downtown Commission Tuesday morning. Two Texas-based developers are listed on the project plans submitted to the commission. Plano, Texas- based Wolfe Investments and Dallas-based BlueLofts, Inc. hope to turn the office tower into about 200 apartments. Neither Wolfe Investments of BlueLofts could be reached for comment. Amy Crysler and Dan Makiewicz, project architects with Sandvick Architects who spoke at Tuesday's commission meeting, said the project's developers did not want to be disclosed until after they officially buy the building from current owner Lingerfelt CommonWealth Partners.”
“A new spec building targeting suppliers of major companies such as Honda, Intel and Scotts will be constructed in Marysville. Pioneer Development, an Austin, Texas-based commercial and residential real estate development and investment firm, plans to build a 55,000-square-foot facility at 14711 Industrial Pkwy. near U.S. Route 33 in southeast Marysville. In addition to Honda, Intel and Scotts suppliers, the facility could also attract other manufacturing, automotive and agribusiness companies located nearby, as well as electronic vehicle and smart mobility technology development and testing activities along the 33 Smart Mobility Corridor, according to a press release.”