May 17, 20232 yr 15 minutes ago, DTCL11 said: *looks at other old towers* A major announcement like this and where are the Cbus forum members? *taps foot impatiently*. It has been deserted this week. *shame! shame!
May 17, 20232 yr 44 minutes ago, amped91 said: Probably not a bad idea: Chase Tower owners plan to covert the downtown Columbus building from office to residential “The out-of-state owners of Chase Tower in downtown Columbus plan to convert the office building into luxury apartments. Owners Lingerfelt CommonWealth Partners have filed plans to convert the office tower into a mixed-use building, changing doors and adding an amenity deck. Plans show outdoor patios on the second floor of the building. Offices on the 19th and 20th floors would be preserved. The Columbus Downtown Commission will consider the project at its Tuesday meeting. The materials submitted to the commission state that this would be a historic tax credit project. In April 2021, Chase bank consolidated its workforce, moving employees from its 40,000-square-foot commercial offices at 100 E. Broad St. to its McCoy Center campus near Polaris Fashion Place. The Chase Tower is now about 23% vacant, according to Colliers.” https://www.bizjournals.com/columbus/news/2023/05/17/chase-tower-owners-plan-to-covert-columbus.html I love all these conversions but damn some of these need to be condo units.
May 17, 20232 yr 15 minutes ago, Toddguy said: A major announcement like this and where are the Cbus forum members? *taps foot impatiently*. It has been deserted this week. *shame! shame! It HAS been more quiet than usual around here. I know I’ve had quite a bit going on recently keeping me busy. I guess it’s just starting to be that time of year for folks lol
May 17, 20232 yr 49 minutes ago, amped91 said: It HAS been more quiet than usual around here. I know I’ve had quite a bit going on recently keeping me busy. I guess it’s just starting to be that time of year for folks lol There also hasn’t been much posted for development, so it usually slows down when nothing is happening.
May 17, 20232 yr Around Mother's Day most things get slow except for restaurants and flower shops. Hallmark
May 17, 20232 yr 1 hour ago, amped91 said: It HAS been more quiet than usual around here. I know I’ve had quite a bit going on recently keeping me busy. I guess it’s just starting to be that time of year for folks lol I was just fooling around and am going to celebrate the impending conversion by mowing my lawn and finishing my mulching. We should start speculating on the number of units, and how many cycles of historic tax credits it will go through before getting any? I say 175 units, and two cycles rejected, third time is a charm.
May 17, 20232 yr So you have The Continental Building doing a 100% conversion to like 400 units. You have Edwards driven PNC tower being converted to a mix use with residential units and now you have this tower being converted as well. All within a 2-3 block of each other. This is awesome news!! A nice option to add residential to a downtown that is going to add residents at a faster pace than it ever has. I still strive to hit that 20,000 mark ASAP, we are rapidly on our way, with only continual momentum pushing it even beyond that. Once Columbus gets there I'm convinced more retailers will be willing to go in (Target etc..) Combined with the new builds that are all in the workings I'm loving the mix of old/conversion and new!!!
May 17, 20232 yr 2 hours ago, Toddguy said: We should start speculating on the number of units, and how many cycles of historic tax credits it will go through before getting any? Looks like it will be 253 residential units and the 19th and 20th floor will remain office. Office-to-Residential Conversion Planned for Another Downtown Tower
May 17, 20232 yr 10 minutes ago, VintageLife said: Looks like it will be 253 residential units and the 19th and 20th floor will remain office. Office-to-Residential Conversion Planned for Another Downtown Tower That’s really not too bad. With PNC and Continental, and if this and OJFS both work out, that’s ~900 units converted from office.
May 17, 20232 yr 26 minutes ago, VintageLife said: Looks like it will be 253 residential units and the 19th and 20th floor will remain office. Office-to-Residential Conversion Planned for Another Downtown Tower More than I expected. Great news!
May 17, 20232 yr 3 hours ago, amped91 said: It HAS been more quiet than usual around here. I know I’ve had quite a bit going on recently keeping me busy. I guess it’s just starting to be that time of year for folks lol Well it ain't quiet now lol. BOOM! lol right after I post about it being dead in here.
May 17, 20232 yr Looks like the High and Gay corner of the Nicholas building is getting a new restaurant tenant. Wonder who it could be?
May 17, 20232 yr 23 minutes ago, amped91 said: Looks like the High and Gay corner of the Nicholas building is getting a new restaurant tenant. Wonder who it could be? McCormick and Schmick's?
May 17, 20232 yr 6 minutes ago, aderwent said: McCormick and Schmick's? I’m hoping it’s Smith & Wollensky 😁Although the space seems a bit small.
May 17, 20232 yr 27 minutes ago, amped91 said: I’m hoping it’s Smith & Wollensky 😁Although the space seems a bit small. Oops is that the one that recently left Easton and was looking downtown? That's what I meant.
May 17, 20232 yr 50 minutes ago, aderwent said: Oops is that the one that recently left Easton and was looking downtown? That's what I meant. It is. But I'm hoping out that S&W pick the The Peninsula over (actual) downtown. I want something more...local...at Gay & High. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 17, 20232 yr Office-to-Residential Conversion Planned for Another Downtown Tower Chase Tower, located at 100 E Broad St., could be the latest Downtown building to see a big chunk of its office space converted into apartments. A new plan for the 25-story building was submitted to the Downtown Commission for review at its meeting on Tuesday, May 23. The plan calls for two floors of the building (the 19th and 20th) to remain office space, while the rest would be converted into 253 residential units. The first floor of the building would continue to hold commercial space (Lexi’s on Third and a Chase bank branch are current tenants), in addition to a new residential lobby space and a leasing office. The tower’s exterior would remain largely the same, with a resident amenity deck planned for the second floor roof space that stretches around the back and sides of the building. More below: https://columbusunderground.com/office-to-residential-conversion-planned-for-another-downtown-tower-bw1/ "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 18, 20232 yr I’m curious to see what happens with the Continental Plaza building. The owners owe a s**tload of money and I’m pretty sure almost all the tenets but Hexion have left. I would bet they either sell, or convert to residential.
May 18, 20232 yr 18 minutes ago, VintageLife said: I’m curious to see what happens with the Continental Plaza building. The owners owe a s**tload of money and I’m pretty sure almost all the tenets but Hexion have left. I would bet they either sell, or convert to residential. Didn't they just renovate it? Or was that Hexion's portion?
May 18, 20232 yr 2 minutes ago, columbus17 said: Didn't they just renovate it? Or was that Hexion's portion? That was just Hexion from what I understand. They lease about 126,000 square feet and the building is a total of 568,790 square feet.
May 18, 20232 yr 2 hours ago, ColDayMan said: It is. But I'm hoping out that S&W pick the The Peninsula over (actual) downtown. I want something more...local...at Gay & High. The Peninsula is officially part of downtown, as determined by City Council. It is subject to the Downtown District zoning code and anything built there is reviewed by the Downtown Commission. This is set by City Code. https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT33ZOCO_CH3359DODI_3359.03DODIBO
May 18, 20232 yr This might be the wrong thread, but does anyone know how occupied the Midland Building is at 5th and Broad? The modernist landscaped area to the rear is very well maintained but I have no idea who or what occupies the tower, other than that there used to be a WG Grinders in the basement
May 18, 20232 yr 16 minutes ago, NW24HX said: This might be the wrong thread, but does anyone know how occupied the Midland Building is at 5th and Broad? The modernist landscaped area to the rear is very well maintained but I have no idea who or what occupies the tower, other than that there used to be a WG Grinders in the basement Finnish Line Ministries appears to be the lone occupant, or at least the only one marked on maps. Edited May 18, 20232 yr by VintageLife
May 18, 20232 yr 13 minutes ago, NW24HX said: This might be the wrong thread, but does anyone know how occupied the Midland Building is at 5th and Broad? The modernist landscaped area to the rear is very well maintained but I have no idea who or what occupies the tower, other than that there used to be a WG Grinders in the basement CBF reporting on Colliers data a few weeks back: ”The Midland Building at 250 E. Broad St. is 17% vacant, according to Colliers. Prune Hill Enterprises bought the building in 2004.” https://www.bizjournals.com/columbus/news/2023/04/28/columbus-office-towers-vacancy-rates-colliers.html That vacancy rate really doesn’t sound too bad these days.
May 18, 20232 yr This is all just a reminder of how the Nicholas should have been 10-15 floors or more. Oh well. At this point anything left on High should be 15 floors minimum.
May 18, 20232 yr Considering most mid-west downtown vacancy rates seems to be 19% - 24% post pandemic, I'd say 17% is actually on par or better at the moment given the pandemic circumstances. Personally I think it's great that we have investors that want to take these older office buildings and convert them to residential at a time where office space, especially dated office space, is not as in demand. Strike while it's hot, and obviously Columbus is the hottest in the Midwest for the foreseeable future and their goals to bolster downtown population. Based on the year over year influx of population the numbers are simply obvious occupying these will not be difficult. That isn't to say we convert many of these over the next decade to residential and then have an office shortage/demand come the 2030's and find ourselves in the position to build a brand new office tower or two when the demand/time is right. All speculation, but I think all of this momentum is fantastic!!
May 18, 20232 yr 1 hour ago, Gnoraa said: and then have an office shortage/demand come the 2030's and find ourselves in the position to build a brand new office tower or two when the demand/time is right. Well having to build a 40, 50, or 60 floor office tower would be awful, wouldn't it?/s
May 18, 20232 yr 10 hours ago, Luvcbus said: The Peninsula is officially part of downtown, as determined by City Council. It is subject to the Downtown District zoning code and anything built there is reviewed by the Downtown Commission. This is set by City Code. https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT33ZOCO_CH3359DODI_3359.03DODIBO That's what I meant by "(actual) downtown." The Non-Peninsula Downtown. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 18, 20232 yr 3 hours ago, Toddguy said: This is all just a reminder of how the Nicholas should have been 10-15 floors or more. Oh well. At this point anything left on High should be 15 floors minimum. I've talked about this many times, but the size of the lot was always going to make it difficult for a single developer to build tall here. There are many other similar developments around downtown that have had a similar problem as well (High Point, Normandy, Industry, etc.). These lots are essentially 2-2.5 normal lots, so you have a developer spreading their building out 2-2.5x what they otherwise would have done. This 6 story building is essentially a 12-15 story building that squashed down to fill out the lot. High Point was essentially a 20-25 story building that got squashed down. Industry and the Normandy buildings are the same situation.
May 18, 20232 yr 3 hours ago, Gnoraa said: Considering most mid-west downtown vacancy rates seems to be 19% - 24% post pandemic, I'd say 17% is actually on par or better at the moment given the pandemic circumstances. Personally I think it's great that we have investors that want to take these older office buildings and convert them to residential at a time where office space, especially dated office space, is not as in demand. Strike while it's hot, and obviously Columbus is the hottest in the Midwest for the foreseeable future and their goals to bolster downtown population. Based on the year over year influx of population the numbers are simply obvious occupying these will not be difficult. That isn't to say we convert many of these over the next decade to residential and then have an office shortage/demand come the 2030's and find ourselves in the position to build a brand new office tower or two when the demand/time is right. All speculation, but I think all of this momentum is fantastic!! It’s interesting to me that the latest report has the Chase tower at 77% occupied. I wonder if several of the tenants have indicated they won’t renew once their lease expires, or if the owners just think they’ll be able to make more money with residential? Bc with a 77% occupancy rate, only leaving two floors for offices seems pretty low. Iirc, the PNC redev is still leaving about half as office space.
May 18, 20232 yr 17 minutes ago, amped91 said: It’s interesting to me that the latest report has the Chase tower at 77% occupied. I wonder if several of the tenants have indicated they won’t renew once their lease expires, or if the owners just think they’ll be able to make more money with residential? Bc with a 77% occupancy rate, only leaving two floors for offices seems pretty low. Iirc, the PNC redev is still leaving about half as office space. I can only speculate, but without a major renovation, the Chase tower is likely considered dated now. I heard on bloomberg radio today that the commercial office space "crisis" is more in the class B and C areas, and these older buildings are probably more in that status. I also have heard that we have not seen the full fallout of office space reduction in all of our cities. Many companies are on the hook for 4-5 year leases or more and I think we will actually see even more drop-off/vacancy in office space into 2025 as these leases end and they reduce the square footage they need to renew at. So with that anticipation, I'm sure the current owners of the building would rather get ahead of that and move to rental/residential units. Especially in Columbus where it's basically a slam dunk guarantee over the next decade and onward that our downtown is growing from a residential/living standpoint.
May 18, 20232 yr 4 hours ago, cbussoccer said: I've talked about this many times, but the size of the lot was always going to make it difficult for a single developer to build tall here. There are many other similar developments around downtown that have had a similar problem as well (High Point, Normandy, Industry, etc.). These lots are essentially 2-2.5 normal lots, so you have a developer spreading their building out 2-2.5x what they otherwise would have done. This 6 story building is essentially a 12-15 story building that squashed down to fill out the lot. High Point was essentially a 20-25 story building that got squashed down. Industry and the Normandy buildings are the same situation. I wish they had enough foresight with the way we have been growing to realize they could have squashed down a skinny 60 story tower into a 15 story tower site and had still been alright. The size of the lot meant this could have been an important node with mixed uses and contributing much more to downtown than it is. I hope they don't make the same mistake on other large lot sites like the Greyhound site. *although, of course, the skinny 60 story tower would have been awesome beyond belief but we are not there yet. *we need more outside developers with deeper pockets and more greed=more risk taking. *"that awful place on High" should not be mentioned unless absolutely necessary. Edited May 18, 20232 yr by Toddguy
May 18, 20232 yr The Nicholas doesn't bother me nearly as much as HighPoint, which the only real solution for IMO is totally demolishing it and rebuilding something new
May 19, 20232 yr 9 hours ago, NW24HX said: The Nicholas doesn't bother me nearly as much as HighPoint, which the only real solution for IMO is totally demolishing it and rebuilding something new Definitely don’t like it but demolishing it would be a terrible idea in my opinion.
May 19, 20232 yr 7 hours ago, 614love said: Definitely don’t like it but demolishing it would be a terrible idea in my opinion. Eh idk, I say in another 10 years, demo the part closest to Ohio theater and building something good. Then do the next section once that one is done. And like I’ve said before, add townhomes facing the commons.
May 19, 20232 yr 2 hours ago, VintageLife said: Eh idk, I say in another 10 years, demo the part closest to Ohio theater and building something good. Then do the next section once that one is done. And like I’ve said before, add townhomes facing the commons. It's not the greatest, but there are some townhomes facing the park.
May 19, 20232 yr 1 hour ago, Pablo said: It's not the greatest, but there are some townhomes facing the park. Oh s**t, today I learned. I never realized those are townhomes. They just look like back entrances to apartments. Glad there are some, are they for sale units or rent?
May 19, 20232 yr 55 minutes ago, VintageLife said: Oh s**t, today I learned. I never realized those are townhomes. They just look like back entrances to apartments. Glad there are some, are they for sale units or rent? Don’t know, probably rent
May 23, 20232 yr Good Chase Tower residential conversion project secures Downtown Commission approval “A project that would convert Chase Tower from offices to residential units secured the approval of the Columbus Downtown Commission Tuesday morning. 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. Crysler said now that the project has a certificate of appropriateness, they hope to submit documents for a building permit later this summer and start construction soon after that. Crysler said they also plan to revitalize the plaza in the front of the building, and are even exploring if they could add a fountain or outdoor dining there. Commissioners were supportive of adding something to the plaza, which sits at the corner of Broad and 3rd streets.“ https://www.bizjournals.com/columbus/news/2023/05/23/chase-tower-apartments-conversion-office.html
May 23, 20232 yr One of these days I'll open this thread to find out that a new tower is going to be built on one of the 3rd Street surface lots. But alas, today is not that day.
May 23, 20232 yr 38 minutes ago, amped91 said: Good Chase Tower residential conversion project secures Downtown Commission approval “A project that would convert Chase Tower from offices to residential units secured the approval of the Columbus Downtown Commission Tuesday morning. 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. Crysler said now that the project has a certificate of appropriateness, they hope to submit documents for a building permit later this summer and start construction soon after that. Crysler said they also plan to revitalize the plaza in the front of the building, and are even exploring if they could add a fountain or outdoor dining there. Commissioners were supportive of adding something to the plaza, which sits at the corner of Broad and 3rd streets.“ https://www.bizjournals.com/columbus/news/2023/05/23/chase-tower-apartments-conversion-office.html Would be a cool contrast to the PNC plaza down the road. I’m all for more outdoor dining downtown, and once they put some BRT and narrow the road a bit, it can help with making it look and sound nice.
May 23, 20232 yr 57 minutes ago, cbussoccer said: One of these days I'll open this thread to find out that a new tower is going to be built on one of the 3rd Street surface lots. But alas, today is not that day. Every damn time this thread has a new post.
May 27, 20232 yr On 4/4/2023 at 4:15 PM, amped91 said: Large Public Art Installation Coming Downtown This Summer “A 229-foot-long suspended sculpture created by artist Janet Echelman will be installed above the intersection of Gay Street and High Street this summer. The project, which was first announced in late 2021, was commissioned and funded by local developer Jeff Edwards of Edwards Companies, and is being touted as the largest private contribution to public art in the city’s history. The project’s official title is “Current”. “With Current, we’re reaching into history to redefine our future,” stated Edwards. “This piece will be the north star for Columbus’ new culture-centric compass. I envision this to be the first drop in the pond, sending waves throughout the Gay Street District.” Once completed, Current will be donated to the Columbus Museum of Art, which will oversee the care and maintenance of the sculpture. Echelman’s inspiration for the piece comes from the history of Downtown as a place of innovation, and the early use of gas-lit lights on its original street arches.“ https://columbusunderground.com/large-public-art-installation-coming-downtown-this-summer-we1/ Crews are installing "Current", the 229-foot-long suspended sculpture above High St today
May 27, 20232 yr 35 minutes ago, CbusOrBust said: Crews are installing "Current", the 229-foot-long suspended sculpture above High St today Wow, that actually looks amazing. I was worried it would be closer to what they did on the convention center garage.
May 27, 20232 yr 17 minutes ago, VintageLife said: Wow, that actually looks amazing. I was worried it would be closer to what they did on the convention center garage. It already looks really cool when you're coming up High Street, and it still looks like it's only about halfway installed
May 27, 20232 yr Awesome and thanks for the pics @CbusOrBust! Can't wait to check this out next time I'm downtown!
May 27, 20232 yr A little more about "Current" "Current sculpture comprises 78 miles of twine and over 500,000 knots- The sculpture is made of nylon fabric that does not snag birds and will be suspended by cables from nearby buildings, according to The Columbus Museum of Art. Made of 78 miles of red and blue twine and more than 500,000 knots, the billowy wisp will be visible from airplanes and illuminated at night." https://www.dispatch.com/story/entertainment/arts/2023/05/27/large-art-sculpture-installed-downtown-columbus-high-street/70262258007/
May 27, 20232 yr 7 hours ago, CbusOrBust said: Crews are installing "Current", the 229-foot-long suspended sculpture above High St today Come across the CU video at just the right time 😃
May 28, 20232 yr 3 hours ago, CbusOrBust said: A little more about "Current" "Current sculpture comprises 78 miles of twine and over 500,000 knots- The sculpture is made of nylon fabric that does not snag birds and will be suspended by cables from nearby buildings, according to The Columbus Museum of Art. Made of 78 miles of red and blue twine and more than 500,000 knots, the billowy wisp will be visible from airplanes and illuminated at night." https://www.dispatch.com/story/entertainment/arts/2023/05/27/large-art-sculpture-installed-downtown-columbus-high-street/70262258007/ This will look incredible and I can’t wait to see it lit up at night.
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