DevolsDance

So for Cincinnati, those are strictly CBD numbers, not the whole basin (CBD, OTR, Pendleton). I imagine if OTR was included then Cincinnati's numbers would skyrocket much like Columbus' if the Short North were included. I'm not sure anyone understands the grocery store situation in COL. Getting back on topic, the tower market is a bit more elusive than downtown condos in general, but yes, both cities have tower units either recently completed or under construction. Columbus completed 155 new tower condo units in 2017-18, while Cincinnati is set to complete around 50 in 2020. If the GEIS project pans out as teased above it would be the tallest condo project in Ohio since 2008.

So, looking at the past few years, Cincinnati has successfully flipped a lot of older/historic structures into for sale units, additionally they are currently building a larger 13 story mixed use building that will have both for sale and rental units available. Columbus has had a lot of success with their Neighborhood Launch development which is made up of "Brownstone" like for sale units and the recent completion of twin 12 story buildings containing about 155 for sale units. Now, I'm sure I'm missing things but this gives more of a picture of the happenings in those cities. Cleveland does historically have higher land values in its downtown which could be part of the problem, but with the current boom downtown it's surprising that so little is happening condo wise. Hopefully this project can kick things up a bit, lead by example?

Doing a little bit of digging into each cities 2018 State of Downtown Reports the numbers are as follows Cleveland Condo Units Existing - 880 Condo Units Under Construction - 12 Avg. Sale Price - $206,000 Columbus Condo Units Existing - 1,484 Condo Units Under Construction - 103 Avg. Sale Price - $387,000 Cincinnati Condo Units Existing - 1,002 Condo Units Under Construction - 48 Avg. Sale Price - $355,000

So we're one of those cities now. Oye.

I also question this, I have no clue why Cleveland has struggled so much to kick things up in the condo market. I've seen CBUS, CIN, and INDY each throw up multiple condo highrises and midrises over the past few years and they all are all selling almost instantly. CLE is killing it in downtown apartments but I cant figure out why condos have been so elusive. I imagine apartments offer a higher ROI, but having purchasable properties for people invest in an area is a keep part for long term stability for an area like downtown.

Yeah the article says that Quantum has been hunting since at least February 2018, that's when Columbus was notified by Dublin. Granted, Quantum is currently in the suburbs and may have not been interested in a Downtown location, but I hardly believe Quantum is an outlier here in the terms of companies seeking larger or creative office space in this city. If Millennial is set to have open floor plan office much like that of 250 High and 80 OTC, I have no reason to believe it would struggle to fill the space, plenty of companies are seeking the open and bight office space of new builds like this project.

I'm starting to think the issue at hand is that they aren't serious. I follow the leasing site like a hawk but it blows my mind they haven't been able to sign office tenants yet when we are seeing stories like those above weekly. Its always "Startup Blank is moving here" or "Major Company blank is seeking space to expand" but nothing seems to be happening in the one major office proposal we have for downtown right now. My guess is one of these... Either Arshot isn't as serious as they say, or Elford is a terrible leasing team, or companies struggle to commit to ambiguous timelines. No matter what it is, it seems that something isn't working.

Wow, I really hope that isn't it, that's a pretty rough design (90s IBM in the burbs anyone?) and would be such a lost opportunity for that lot.

Indianapolis defines Downtown as "Mile Square" and according to the 2010 census, Mile Square had a population of 17,589. Looking up the 2018 "State of Indy" report, the city estimates the number of downtown residents now sits at about 28,000. I have to say I was shocked seeing that number and I'm impressed. However, as stated above, Columbus has some incredibly strong core neighborhoods that pack in population and connectivity while Indy just doesn't have that. Indy has a strong downtown but its adjacent neighborhoods are still quite a mess.

Haha thaaaaats not a render. Absolutely an existing market somewhere, just unsure where.

I don't hate it, well I don't hate the massing and height for the location. I think the design could use a bit of refinement but thats to be expected with early conceptual reviews. Being the area is mostly renter dominated, I really doubt we will see much fight on this one like we did at Price and High. I'm curious if anyone was there what the general response was like?

Update via social media, SPIN has now arrived in CBUS. Saw about 20 groups of them walking to work this morning downtown.

Elevator cores have gone vertical

Absolutely suffocating!

Based on construction permits, it seem that WeWork will be headed to 65 E State on Capitol Square. According to the permits they are occupying floors 21-24. The location/building seems a little off brand for WeWork (they often favor historic buildings) but what is on brand is that by my math I believe they will have access/control of the outdoor space located on 23rd floor of the tower. Permit link https://ca.columbus.gov/CA/Cap/CapDetail.aspx?Module=Building&TabName=Building&capID1=19CAP&capID2=00000&capID3=00IR4&agencyCode=COLUMBUS&IsToShowInspection=

I can buy that, looks to be about 6 floors, throw in mechanical and high ceiling heights I can absolutely see it hitting 85 feet.

Looks like the engineering plans were submitted to the city today.

In the realm of "developments I have been following way to closely"... Millennial seems to have leased some spots out based on its Loopnet listing. Screen grab from April... Compared to a screen grab from today... Hopefully this means the project is still going behind the scenes. I don't imagine this is a bad thing.

I am beyond excited to see this phase kick off and overall am still pretty content with the design and massing changes, however, it's interesting that Kaufman really walks the 12 story midrise line so often. I'm curious if anyone may have any insight as to why? I've always heard that cost increases hit once buildings reach 6 and 10 floors due to HVAC, fire, and material code but I have never hears anything about something that changes above 12 floors. I guess I just wonder why we keep seeing that 12 floor number hit so often with Kaufman instead of some variety like 15 or 20. Maybe it's purely aesthetic or just a formula they like and are familiar with. Anyway, just a question for someone more architecturally minded than myself. Also, don't get me wrong, I am completely content adding these midrises (I count five 12-story buildings in the last 5 years?!) all over the core until land value can facilitate taller structures... they seem to do a ton for density and the street wall while never really feeling overpowering.

Yeah, I believe the original plan attempted to save it due to historical and tax credit reasons but it looks like it doesn't qualify for the Columbus or National Register of Historic Places so my guess is they decided it was better to scrap it and fill the site. I'm not upset about this, while it is "historic" I think the site works better without it and I doubt anyone will cause a stir over it.

Gravity II Update - The May Franklinton Commission packet has some of the newest Gravity II updates and details. - Looks like we're getting a slightly altered site plan - The office building has been expanded and is now 6 floors (up from 5?) - Main tower is now 11 floors of residential with 258 units and 1 floor of retail/office - New designs for all of the structures New site plan New tower design - 258 Units New Office Building design - 200,000 SF New Co-Living Building Design - 94 Units New design for townhomes flanking garage - 18 Units

I came across some digital renders of the new Gravity 2.0 tower earlier today and it doesn't look like they've been posted here yet. I saw a few months back we had some pics of the mesh fence wrap around the site so here is some full render eye candy for you all. View from Gravity site on the north side of Broad looking southeast. View looking south into the "U cut" upper section from the glass building seen on the right side of the image above.

Millennial Tower. Millennial Tower. Millennial Tower. I can wish right?

I actually think this project is slated for 8 stories. Well it was originally, has it changed? Found it, it's supposed to top out at 7.

The original plans and announcements all said Summer 2019. I imagine we will see things begin moving soon, they irked too many residents and got too many incentives to just disappear on this development.