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  • Halle Smith

THE WEEKLY REVIEW | OCTOBER 13, 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

The Texas developers planning to turn Chase Tower into apartments could soon close on their purchase of the property, advancing yet another Columbus office conversion project.”


“Dan Dunsmoor, with Colliers, is brokering the sale between the current owner, Lingerfelt CommonWealth Partners, and Texas-based Bluelofts.”


“Dallas-based Bluelofts and Plano, Texas-based Wolfe Investments plan to turn the office tower into about 200 apartments, according to plans the two firms submitted to the city of Columbus in the spring. Dunsmoor said the sale could close this year, pending all the needed approvals and financing.”


2

“Lancaster officials say the $20 million redevelopment of a historic building could be "transformational" for the city's downtown.”


“That was the theme of Monday's "wall-breaking" event, which celebrated the forthcoming renovation of the 138,000-square-foot building at 219 N. Columbus St. Columbus developer Urban Restorations is transforming the property into a mixed-use complex with apartments, short-term rental units and commercial space.”


“The developer is calling the project The Shumaker, a name that pays tribute to the site's former use as a shoe factory.”



3

“A Columbus Italian restaurant is expanding with a new casual concept.”


“The owners of Pelino’s Pasta at 245 King Ave. near the Harrison West and Victorian Village neighborhoods are bringing a new restaurant to 772 N. High St. in the Short North.”


“Owners Vinny Pelino and Christina Pelino spent several years as a popup Italian operation traveling to fairs and festivals, including the Columbus Italian Festival, to sell their creations.”





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