Project Summary

Another aspect of the Envision Columbus study was recommendations for further growth in the downtown area that includes multi-family housing as well as an urban grocer.  Real estate developers, Flaherty & Collins Properties was chosen to lead this project.  In February, 2020 a term sheet was executed as an agreement between all parties in regard to the scope of the project.  In January, 2021 the Redevelopment Commission signed an agreement with Flaherty & Collins to begin Phase 1 of the project.  The area at 2nd and Lafayette has been rezoned to include all aspects of the project.  The developers are currently in negotiations with a grocer who has expressed interest in establishing in the downtown area.

The multi-family development will include:

  • 200 townhouse type units that will include studio and 1-2 bedroom apartments.
  • Urban grocer on the ground floor that will be accessible to residents as well as the general public.
  • Additional retail space for future business expansion.
  • Additional parking to support residents as well as visitors.

Timeline:

  • 2018: Envision Columbus: Downtown Strategic Development plan studies the needs and potential for future growth in Columbus. The study recommendations included a hotel/conference center, urban grocer and multi-family housing as vital to the growth of the area and a building block for further public and private development.
  • March 2019: CRC issues an RFQ for hotel/conference center developers and multi-family/urban grocer developers.
  • July 2019: CRC invites four pre-qualified finalist teams to respond to an RFP for a hotel/conference center and multi-family/urban grocer development.
  • Late 2019: The Columbus Redevelopment Commission chose real estate developers, Flaherty & Collins Properties to take the lead in the development of an urban grocer and multi-family housing in downtown Columbus.
  • February 2020: A term sheet was executed as an agreement between all parties in regard to the scope of the project.
  • March 2020: The COVID-19 pandemic hits and hospitality industry is crippled.
  • July 2020: Mixed-use/Urban Grocer project still able to move forward and a term sheet agreement is reached with Flaherty & Collins.
  • January 2021: The Redevelopment Commission signed an agreement with Flaherty & Collins to begin Phase 1 of the project. The area at 2nd and Lafayette has been rezoned to include all aspects of the project. The developers are currently in negotiations with a grocer who has expressed interest in establishing in the downtown area.

Flaherty & Collins anticipates ground breaking for this project early 2022.