New Albany City Council approves tax abatement for spec buildings at business park

 

"A Chicago-based development firm has a big project planned for the New Albany International Business Park, adding to the excitement of Intel’s decision to build a microchip-processing facility in the area."

 

"LPC Midwest LLC will invest $109 million, including $24 million for land acquisition, to construct spec buildings totaling 1 million square feet in a phased development on 143 acres north of Jug Street and east of Beech Road."

 

https://www.dispatch.com/story/news/local/communities/new-albany/2022/03/02/new-albany-council-oks-15-year-abatement-lpc-midwest-llc-spec-buildings-business-park/9329809002/

Edited March 3, 20223 yr by Luvcbus

New Albany Co. buys more Licking County land near Intel semiconductor site

 

"In anticipation of growth beyond the proposed Intel factories, the New Albany Co. has bought hundreds of acres near the Intel site in Licking County over the past few months."

 

"Under the entities MBJ Holdings and MCVGCM Holdings, the company, which is spearheading the Intel land acquisition, has paid more than $20 million for about 400 acres near the land planned for Intel's semiconductor factories."

 

"The acquisitions are in addition to about $30 million that the New Albany Co. has paid so far to buy more than 40 properties in Intel's proposed footprint. More purchases are expected as land is assembled for Intel to start construction this year."

 

https://www.dispatch.com/story/business/2022/03/17/land-purchases-prep-new-albany-co-development-intel/7037821001/

4 hours ago, Luvcbus said:

New Albany Co. buys more Licking County land near Intel semiconductor site

 

"In anticipation of growth beyond the proposed Intel factories, the New Albany Co. has bought hundreds of acres near the Intel site in Licking County over the past few months."

 

"Under the entities MBJ Holdings and MCVGCM Holdings, the company, which is spearheading the Intel land acquisition, has paid more than $20 million for about 400 acres near the land planned for Intel's semiconductor factories."

 

"The acquisitions are in addition to about $30 million that the New Albany Co. has paid so far to buy more than 40 properties in Intel's proposed footprint. More purchases are expected as land is assembled for Intel to start construction this year."

 

https://www.dispatch.com/story/business/2022/03/17/land-purchases-prep-new-albany-co-development-intel/7037821001/

There are many more deals that have been done for a long time that will be "completed" very soon. It's amazing how fast the work is moving along. Homes and buildings already being razed, road crews are out, markers along 161. The power of the federal gov't at work.

 

I'm a few degrees removed from these people, but someone I know who knows people who own hundreds of acres out that way are being offered as much as $45,000 an acre when previous valuation was somewhere near $15,000 an acre not too many years ago. One guy who owns 300 acres that's used as farmland is 100% going to carve himself out some acreage for his family and sell the rest because the kids don't want to run the farm. They fully expect the price to go up as well. It's going to be VERY enticing to sell for a lot of people out there.

 

I know some people are upset about losing their rural way of living but the idea of becoming a multi-millionaire will probably make that go right out the door. Cashing out and building your dream home a bit further away from Columbus sounds like a good deal to me.

The price is going to go up as more buildings go up. This is happening at Rickenbacker right now. Supply and demand. Also as more sewer and water lines go in and roads get beefed up.

Edited March 18, 20223 yr by GCrites80s

On 3/17/2022 at 3:23 PM, TIm said:

I'm a few degrees removed from these people, but someone I know who knows people who own hundreds of acres out that way are being offered as much as $45,000 an acre when previous valuation was somewhere near $15,000 an acre not too many years ago. One guy who owns 300 acres that's used as farmland is 100% going to carve himself out some acreage for his family and sell the rest because the kids don't want to run the farm. They fully expect the price to go up as well. It's going to be VERY enticing to sell for a lot of people out there.

 

I know some people are upset about losing their rural way of living but the idea of becoming a multi-millionaire will probably make that go right out the door. Cashing out and building your dream home a bit further away from Columbus sounds like a good deal to me.

That exact scenario is playing out over and over again. The narrative is, unfortunately, controlled by the loudest, most uninformed, voices on social media. And that is a message of "big gov't/big business is coming in and TAKING the land", usually by people with little to no understanding of how eminent domain works. So now you have a county full of angry people coming to township and other local gov't meetings angry that "the land is being taken from every one, and "woes be to the farmers". Many of those farmers are now millionaires. Many of them got new farms, further out, as part of the deal. But they're keeping quiet for various reasons and not telling people "hey, too bad, so sad, but we sold so ourselves and our kids don't have to work another day in our life". More power to them! The "loss of farmland" voices apparently haven't ever zoomed out of a Google satellite view map, or flown over Ohio. We're ok.

 

Side note, think I've received 5 offer letters to sell my property in the last 2 weeks. They make nice paper airplanes to sail into the trash can.

I came across an interesting post on airliners.net relating to Intel coming to Central Ohio. The user who made this post claims to have had discussions with community development folks at City Hall who mentioned there are more "higher profile" companies who will be moving to Columbus. Intel was apparently just the first. Very interesting...

 

Edit: Oops, just realized I posted this in the New Albany and not the Intel thread. Oh well. 

Edited March 21, 20223 yr by cbussoccer
Edit

1 hour ago, Airsup said:

That exact scenario is playing out over and over again. The narrative is, unfortunately, controlled by the loudest, most uninformed, voices on social media. And that is a message of "big gov't/big business is coming in and TAKING the land", usually by people with little to no understanding of how eminent domain works. So now you have a county full of angry people coming to township and other local gov't meetings angry that "the land is being taken from every one, and "woes be to the farmers". Many of those farmers are now millionaires. Many of them got new farms, further out, as part of the deal. But they're keeping quiet for various reasons and not telling people "hey, too bad, so sad, but we sold so ourselves and our kids don't have to work another day in our life". More power to them! The "loss of farmland" voices apparently haven't ever zoomed out of a Google satellite view map, or flown over Ohio. We're ok.

 

Side note, think I've received 5 offer letters to sell my property in the last 2 weeks. They make nice paper airplanes to sail into the trash can.

I really like hearing this from someone who actually seems to be directly affected by this new development, it's incredibly self aware. Nobodies land is being taken, so much of it is just disappearing because the money is just way too good. I respect your choice to stick it out, nobody should be judged for staying or selling, everyone can make their own decisions.

1 hour ago, cbussoccer said:

I came across an interesting post on airliners.net relating to Intel coming to Central Ohio. The user who made this post claims to have had discussions with community development folks at City Hall who mentioned there are more "higher profile" companies who will be moving to Columbus. Intel was apparently just the first. Very interesting...

Well this is interesting to hear! I wonder if it's other "big" companies coming in to support the Intel development or if it has absolutely nothing to do with this and another giant in some other industry is considering a huge investment in the area. Either way, it's all great for Ohio and all bad for my prospects of being a property owner anytime soon haha.

4 hours ago, TIm said:

Well this is interesting to hear! I wonder if it's other "big" companies coming in to support the Intel development or if it has absolutely nothing to do with this and another giant in some other industry is considering a huge investment in the area. Either way, it's all great for Ohio and all bad for my prospects of being a property owner anytime soon haha.

I wish I could remember where, but I seem to remember someone posting here a couple months ago something from (I think) Kenny McDonald (Cbus Partnership), that Intel  was just the tip of the iceberg for economic dev announcements they had in the works. 

Relatively affordable living, land, etc. Along with access to one of the largest research universities in the country, Cbus WAS a hidden gem until the SOTU.
 

Ohio in general is on fire at the moment, GM’s push for EV’s is going to have a large impact as well. About the only negative I’ve heard is a power plant closing in Eastern Ohio and Peleton scrapping their plans for NW OH.

22 hours ago, TIm said:

I really like hearing this from someone who actually seems to be directly affected by this new development, it's incredibly self aware. Nobodies land is being taken, so much of it is just disappearing because the money is just way too good. I respect your choice to stick it out, nobody should be judged for staying or selling, everyone can make their own decisions.

 

Thankfully, I'm not in the direct line of fire, but I'm in the area. Close enough to where investors are wanting our homes and property and ALL of the well known large suburban home developers are knocking on the area governments doors, daily, acting like they are doing us a favor. If and when I hear of anything closing, I'll be sure to update here.

The unregulated sprawl is going to be enormous.

5 minutes ago, jonoh81 said:

The unregulated sprawl is going to be enormous.

Yes, it's coming...however, i hope that the greater Newark area can really absorb and create a bridge between the Columbus-Newark area that is about to change.  An Urban design with boundaries to the West/East..and suburban sprawl in between the two cities...that would be awesome!!  One can dream...

Edited March 22, 20223 yr by OhioFinest

I wonder what the current township zoning laws are like and if they are going to change.

48 minutes ago, OhioFinest said:

Yes, it's coming...however, i hope that the greater Newark area can really absorb and create a bridge between the Columbus-Newark area that is about to change.  An Urban design with boundaries to the West/East..and suburban sprawl in between the two cities...that would be awesome!!  One can dream...

Filling in those "nowhere" gaps between Columbus and Newark will be pretty awesome. There's a lot of room to grow in that corridor, especially for residential developments.

1 hour ago, GCrites80s said:

I wonder what the current township zoning laws are like and if they are going to change.

 

Depends on the township. You're going to see some movements there real soon. Many are updating and tightening their comprehensive plans and zoning right now. I think you're going to see a lot of minimum lot size requirements much, much larger than your postage stamp in most newer suburban developments. There is a lot of talk about different JEDDs being planned along 161 and SW Licking County sewer is building a new tower and water treatment facility. I believe it is on Jersey Mill to service growth. The sewer district has been sending out lawyers to the townships promoting and selling their cooperation to create these JEDDs so they can service and make some money. Townships have very little legal protection and rights in the state, so they need to adapt and change to have a seat at the table. If I could look into a crystal ball, I'd see the sprawl and density stop around 310/161. That interchange will be very built up. East after that you're into a lot of 100 year flood plains and Granville township and St. Albans township both full of very wealthy landowners that can brush this off if desired. However, I've also see a 50 acre property right at York/37 and 161 go up for sale and sold quickly for close to $5 million recently, so who knows. The blood is in the water.

2 hours ago, jonoh81 said:

The unregulated sprawl is going to be enormous.

Yes we know it is coming, but just how enormous will it be and what can be done to at least try to limit it? 

 

I don't think we can count on New Albany or any township areas to do much. Columbus can do somethings, like trying to get height, density, and infill mixed use developments in the spare areas up that way that are within city limits and not already developed. And this applies to Easton as well-a perfect chance to get a more mixed use Easton with less reliance on retail and much more residential and maybe some spinoff Intel business development. There are huge areas that are not developed and large areas that could be redeveloped with residential on top of other ground floor uses.

 

It is such a good time to take advantage of it all...why do I still think Easton will disappoint us?  

I honestly don't envision a whole lot of the kind of development "we" like to come from this. There will be some here and there, but I wouldn't be surprised if it's pretty suburban. Look at Chandler, Arizona -- a city practically built by Intel.

 

I'd love to be proven wrong, though.

14 minutes ago, GCrites80s said:

Look at Chandler, Arizona -- a city practically built by Intel.

 

One thing to consider here is the fact that Chandler, and the entire greater Phoenix area, largely grew up during a time when suburban sprawl was king. Urban development really wasn't happening anywhere in the country like it is now. Many more people want to live in an urban environment today than in 1990.  For that reason, I don't think we'll see strictly urban sprawl like what the Chandler area experienced between 1980 and 2000. 

Unfortunately, I can see it mirroring a lot of the development patterns on the Southeast Side, just larger in scale. You might get some more height/density around the Hamilton / 161 area, but anything in between there and Easton, and there and Newark it's going to be pretty suburban. I wouldn't be too surprised if you still see swaths of farmland like on the Southeast side that doesn't quite materialize. But I think there will be a lot of groundbreaking going on and to look forward to.

1 hour ago, cbussoccer said:

 

One thing to consider here is the fact that Chandler, and the entire greater Phoenix area, largely grew up during a time when suburban sprawl was king. Urban development really wasn't happening anywhere in the country like it is now. Many more people want to live in an urban environment today than in 1990.  For that reason, I don't think we'll see strictly urban sprawl like what the Chandler area experienced between 1980 and 2000. 

Yeah a lot of people seem to be glancing over this. When Intel went to Arizona not only was sprawl encouraged, it was exactly what everyone wanted. Back then the yard with a white picket fence was a fairly universal dream and almost an expectation and was the ultimate measure of success. People were moving away from the cities, not towards them and development was designed to accommodate cars and be spread out. Things are basically the opposite today, I would not expect the Intel boom here to be exclusively suburban although there will certainly be a ton of suburban development, just not exclusively suburban developments. Plenty of the people coming here are going to want to live in Columbus.

Edited March 22, 20223 yr by TIm

 

New Albany set to rezone nearly 1,700 acres, including Intel land

 

"New Albany is set to rezone almost 1,700 acres within Licking County, including the site where tech giant Intel Corp. plans to build a $20 billion semiconductor manufacturing complex.

 

The New Albany Planning Commission will vote Monday evening on rezoning of 1,689 acres of agricultural land to a technology manufacturing district.

About 900 of these acres will contain Intel's complex.

 

McAfee said the zoning would allow for any business that falls within technology manufacturing use to occupy the land, including any potential ancillary businesses from Intel.

 

Shifting zoning from agricultural to commercial use is regular practice for the New Albany International Business Park, which already boasts more than 18.7 million square feet of development and 19,813 workers within its borders, a spokesperson for park developer New Albany Co. said in an email.

 

An Intel spokesperson said in an email the company plans to begin construction by the end of the year."

 

 

https://www.bizjournals.com/columbus/news/2022/04/03/new-albany-set-to-rezone-more-than-1600-acres.html?utm_source=st&utm_medium=en&utm_campaign=EC&utm_content=co&ana=e_co_EC&j=27230001&senddate=2022-04-03

New Albany council is next step for Intel land rezoning, annexation from Jersey Township

 

"A step taken by the New Albany Planning Commission on April 4 set in motion the process to annex and rezone the future Intel property into the city.

...Now it's City Council's turn.

 

The commission voted 4-0 to recommend that City Council approve the rezoning of 1,689 acres in Jersey Township – more than 900 of which is dedicated to Intel – from agricultural to technology manufacturing district."

 

"City Council has scheduled scheduled first readings of the annexation and rezoning ordinances for April 19, with second readings and likely approval set for May 3.

Both will be read twice, but the annexation ordinance will have an emergency clause, meaning if it is approved, it is effective immediately so that construction could begin right away, said Scott McAfee, the city's chief communications and marketing officer."

 

“The annexation is working its way through the process but could come to City Council in the near future,” he said.

 

“Initial site preparation work for tree clearing and demolition of structures by the property owner has begun,” he said. “Additional site work, such as grading, is anticipated to begin this summer, with construction beginning by the end of the year.”

 

 

https://www.dispatch.com/story/news/local/communities/new-albany/2022/04/06/new-albany-city-council-meeting-rezoning-annexation-jersey-township-intel/9468812002/

Is it just me, or have the past few weeks seemed unusually quiet for development news here?

 

Anyway, another new warehouse has been announced for New Albany:

 

VanTrust to put up the largest speculative building in New Albany International Business Park

 

 

“One of the region's most active developers is bringing two new speculative industrial buildings to New Albany, including the largest speculative project in the city's International Business Park.

 

VanTrust Real Estate recently broke ground on a 302,400-square-foot speculative industrial building called Innovation III, and a 524,524-square-foot speculative industrial building called New Albany 525, at 8255 Innovation Campus Way West and 9850 Innovation Campus Way, respectively.

 

Phil Rasey, vice president of development at VanTrust, said both buildings are expected to be completed by the end of the year.“

https://www.bizjournals.com/columbus/news/2022/04/12/vantrust-constructing-new-albany-speculative-site.html

 

In a separate article, the Columbus Metro appears to be in the top 10 for industrial space to be delivered in the US this year:

 

 

https://www.bizjournals.com/columbus/news/2022/04/13/warehouses-large-amazon-distribution-center.html

^^ It does seem quiet. Not as many announcements or not very many people commenting, or both?

The Cleveland forums seems to be very active lately.

18 minutes ago, Toddguy said:

^^ It does seem quiet. Not as many announcements or not very many people commenting, or both?

The Cleveland forums seems to be very active lately.

 

It seems to ebb and flow. That's what I've noticed over the years. We'll go for a month or two of relative quiet and then suddenly get slammed with news of new projects. 

1 hour ago, Toddguy said:

^^ It does seem quiet. Not as many announcements or not very many people commenting, or both?

The Cleveland forums seems to be very active lately.

Both, although I suppose the latter is due to the former lol Plenty of projects ongoing, due to start, or working their ways through the approval process. Just not a lot of new announcements to get excited about at the moment. 

Facebook to expand its New Albany data farm, raising investment in campus to more than $1.5 billion
 

“Facebook parent company Meta is adding two more buildings to its New Albany data farm. 

 

The expansion will bring the total number of data halls on the campus to seven, Katie Comer, manager of Meta data center community development, North America, said in an email. The expansion will add at least 1 million square feet and could double the size of the campus.

 

This expansion raises the company's total investment in the campus to more than $1.5 billion, according to a news release. It will support more than 300 direct jobs and require 1,800 construction workers to compete.

 

“We are proud that Meta is expanding in New Albany and believe this growth will provide ongoing benefits to the community," New Albany Co. CEO Bill Ebbing said in the release.”

 

https://www.bizjournals.com/columbus/news/2022/04/21/facebook-expanding-new-albany-data-center.html

I always have mixed feelings about these data centers. They take up an enormous amount of land, but each one only employs around 50 people. We're not getting much bang for the buck here.

10 hours ago, John7165 said:

I always have mixed feelings about these data centers. They take up an enormous amount of land, but each one only employs around 50 people. We're not getting much bang for the buck here.

 

I don't disagree with those points at all.  Those are legit points.  I think what these things do "do", is that it highlights Columbus as a legit place to do business.  The "return", isn't the actual number of direct jobs at Facebook per se, but other companies wanting to locate here because of Facebook even being here in the first place.  I hope that makes sense?  Like Google and Intel...would they be here without Facebook?  I'm sure there are many answers to that question, but there are also probably many truths to that. 

Edited April 22, 20223 yr by OhioFinest

1 hour ago, OhioFinest said:

 

I don't disagree with those points at all.  Those are legit points.  I think what these things do "do", is that it highlights Columbus as a legit place to do business.  The "return", isn't the actual number of direct jobs at Facebook per se, but other companies wanting to locate here because of Facebook even being here in the first place.  I hope that makes sense?  Like Google and Intel...would they be here without Facebook?  I'm sure there are many answers to that question, but there are also probably many truths to that. 

I tend to agree. I mean, the data center isn’t my favorite land use by any means. But with all the data centers coming here from Meta, Google, Amazon, that ends up being several hundred employees (not to mention the thousands of construction jobs) which helps create a decent tech ecosystem that helps draw in other tech investment (like Intel, which you mentioned). 

Plus think of all the milliseconds of load time we get to save! 

 

State grants New Albany $85 million for infrastructure upgrades near Intel

 

"With the help of an $85 million grant from the state of Ohio, New Albany will begin making roadway and infrastructure improvements in anticipation of Intel’s arrival.

 

New Albany City Council on May 17 voted 6-0 on a resolution that will authorize the city manager to enter into agreements to facilitate the design, construction and management of public infrastructure improvements in and near the 1,689-acre technology manufacturing district, which will include the land for Intel’s microchip-processing facility."

 

"I wouldn’t be surprised if there’s more to come,” he said. “You’re not just talking about roads; you’re talking about all the technology structure; you’re talking about water – you’re talking about a ton of stuff.”

 

https://www.dispatch.com/story/news/local/communities/new-albany/2022/05/18/state-grants-new-albany-ohio-85-million-infrastructure-upgrades-intel/9823827002/

 

Companies plan 190-acre New Albany site to develop a data center and industrial campus to accommodate up to 1.2 million square feet.

 

"Real estate and investment firms Lincoln Property Company (LPC) and Harrison Street are to develop a new data center and industrial campus in New Albany, Ohio.

 

A joint venture between the two companies has purchased a 190-acre site to construct a multi-use technology and distribution park designed for industrial and data center users and operators.

 

The data center campus can accommodate up to 1.2 million square feet and 144MW of critical load designed specifically for hyperscalers and other major operators.

 

LPC’s Chicago-based Midwest team will begin immediate construction on the first phase of the campus. Lincoln Rackhouse, the data center division of LPC, will immediately begin development of the data center campus which will include the construction of an on-site 200MVA, electrical sub-station.

 

“Qualified ‘powered’ data center sites are becoming increasingly difficult to find in Tier 1 data center markets such as Northern Virginia and Chicago. The location in New Albany, Ohio offers the perfect environment for the next phase of large hyperscale and colocation growth,” Martin Peck, Executive Vice President, Lincoln Rackhouse."

 

https://www.datacenterdynamics.com/en/news/lincoln-property-company-harrison-street-buy-columbus-site-for-144mw-campus/

 

3 minutes ago, Luvcbus said:

 

Companies plan 190-acre New Albany site to develop a data center and industrial campus to accommodate up to 1.2 million square feet.

 

"Real estate and investment firms Lincoln Property Company (LPC) and Harrison Street are to develop a new data center and industrial campus in New Albany, Ohio.

 

A joint venture between the two companies has purchased a 190-acre site to construct a multi-use technology and distribution park designed for industrial and data center users and operators.

 

The data center campus can accommodate up to 1.2 million square feet and 144MW of critical load designed specifically for hyperscalers and other major operators.

 

LPC’s Chicago-based Midwest team will begin immediate construction on the first phase of the campus. Lincoln Rackhouse, the data center division of LPC, will immediately begin development of the data center campus which will include the construction of an on-site 200MVA, electrical sub-station.

 

“Qualified ‘powered’ data center sites are becoming increasingly difficult to find in Tier 1 data center markets such as Northern Virginia and Chicago. The location in New Albany, Ohio offers the perfect environment for the next phase of large hyperscale and colocation growth,” Martin Peck, Executive Vice President, Lincoln Rackhouse."

 

https://www.datacenterdynamics.com/en/news/lincoln-property-company-harrison-street-buy-columbus-site-for-144mw-campus/

 

The amount of construction in that area over the next 5 years is going to be astonishing.

Even more news regarding New Albany:

 

Developer seeks rezoning for 141.8 acres in New Albany business park as 'Mink Street West'

 

"New Albany City Council has heard a first reading on an ordinance that would rezone 141.8 acres in what would become known as the Mink Street West zoning district.

 

The parcel, which is in Licking County but in the New Albany International Business Park, is south of Jug Street, west of Mink Street and north of Innovation Campus Way.

 

"This acreage was annexed into New Albany in 2021, but the developer wanted to have a better idea about the transportation grid before seeking a rezoning,” said Stephen Mayer, planning manager for the city. “They are now seeking L-GE zoning for this acreage, which is the same zoning as much the area around it. New Albany staff concurs that this rezoning is best for the area.”

 

Attorney Aaron Underhill, representing MBJ Holdings, said the hope is to have a much bigger project in the area but that some hesitation remains because of the impact such a facility would have on the roads.

 

Underhill said if the rezoning is successful, his client likely would seek distribution and light manufacturing for the property. He said several companies are interested and that he wouldn’t be surprised if they’re “shovel ready” in the next year or two."

 

https://www.dispatch.com/story/news/local/communities/new-albany/2022/05/18/developer-seeks-rezoning-142-acres-new-albany-ohio-business-park/9821767002/

 

49 minutes ago, Luvcbus said:

Even more news regarding New Albany:

 

Developer seeks rezoning for 141.8 acres in New Albany business park as 'Mink Street West'

 

"New Albany City Council has heard a first reading on an ordinance that would rezone 141.8 acres in what would become known as the Mink Street West zoning district.

 

The parcel, which is in Licking County but in the New Albany International Business Park, is south of Jug Street, west of Mink Street and north of Innovation Campus Way.

 

"This acreage was annexed into New Albany in 2021, but the developer wanted to have a better idea about the transportation grid before seeking a rezoning,” said Stephen Mayer, planning manager for the city. “They are now seeking L-GE zoning for this acreage, which is the same zoning as much the area around it. New Albany staff concurs that this rezoning is best for the area.”

 

Attorney Aaron Underhill, representing MBJ Holdings, said the hope is to have a much bigger project in the area but that some hesitation remains because of the impact such a facility would have on the roads.

 

Underhill said if the rezoning is successful, his client likely would seek distribution and light manufacturing for the property. He said several companies are interested and that he wouldn’t be surprised if they’re “shovel ready” in the next year or two."

 

https://www.dispatch.com/story/news/local/communities/new-albany/2022/05/18/developer-seeks-rezoning-142-acres-new-albany-ohio-business-park/9821767002/

 

My goodness, I wonder when the documentary about the evolution of New Albany since the 80s will be out. Probably needs another 10-20 years of boom to make that an interesting watch though.

6 minutes ago, TIm said:

My goodness, I wonder when the documentary about the evolution of New Albany since the 80s will be out. Probably needs another 10-20 years of boom to make that an interesting watch though.

Yeah, I feel like there needs to be more multi-use development also. New Albany is pretty boring so a documentary about it currently, wouldn’t be great. 

1 hour ago, VintageLife said:

Yeah, I feel like there needs to be more multi-use development also. New Albany is pretty boring so a documentary about it currently, wouldn’t be great. 

It was more of a tongue in cheek comment haha. I don't think anyone would watch that unless New Albany went from 80s farm town to 2050 "City of the Future" or something.

Posted similar news in the Columbus Business thread, but posting here too for the sake of completeness:

 

Biotechnology company expands Columbus-area operations, adding 263 jobs

 

“A young biotechnology contract research organization is expanding its Greater Columbus operations by creating 263 jobs and building a 350,000-square-foot operation in New Albany that will cost $150 million.

 

AmplifyBio said it will create 132 jobs at the new building at 9885 Innovation Campus Way and 99 others at its existing West Jefferson location on a 30-acre campus at 1425 Plain-City Georgesville Road. The remaining corporate jobs will be added at a site to be determined later.

 

AmplifyBio said hiring for research and development jobs will go on through the year.

 

The tax credits have an estimated value of $5 million, according to the state. The new jobs will generate payroll of $24.1 million.”

 

https://www.dispatch.com/story/business/2022/05/23/surging-demand-driving-amplifybio-expansion-greater-columbus/9893405002/

 

Maker of Nature Made vitamins picks New Albany for gummies plant, creating 225 jobs

 

"New Albany has scored another win for its growing health and wellness industrial sector: A popular vitamin brand is building a factory to supply growing demand in the Eastern United States, creating 225 jobs.

 

Pharmavite plans to invest $200 million to build a 200,000-square-foot to 250,000-square-foot manufacturing and bottling facility at 13312 Jug Street Road NW, after buying the land and receiving required permits. 

 

Central Ohio emerged from 70 markets the company evaluated, winning on workforce and strategic location, said Kara Roeder, divisional vice president of operations for Pharmavite, adding that New Albany's citywide emphasis of health and wellness was "a perfect match."

 

https://www.bizjournals.com/columbus/news/2022/06/27/pharmavite-new-albany-factory.html?utm_source=st&utm_medium=en&utm_campaign=BN&utm_content=co&ana=e_co_BN&j=28192265&senddate=2022-06-27

 

 

Developer to break ground on industrial park near planned Intel facility

 

"VanTrust Real Estate, LLC., announced Thursday plans for a new development adjacent to Intel's planned semiconductor manufacturing facility in Licking County.

 

The new industrial park, New Albany Tech Park, is located in the New Albany International Business Park. It is located on 500 acres just south of where Intel plans to build its $20 billion facility.

 

VanTrust is set to break ground on multiple projects before the end of 2022, with completion expected by the end of 2023.

 

The total buildout of the industrial park could reach 5 million square feet, according to VanTrust. VanTrust said the new facility will be ideal for Intel suppliers.

 

VanTrust is currently building its seventh and eighth industrial buildings in New Albany since 2019."

 

 

https://myfox28columbus.com/news/local/real-estate-developer-to-break-ground-on-industrial-park-near-planned-intel-semiconductor-chip-facility-licking-county-ohio

 

 

VanTrust plans 500-acre New Albany Tech Park near Intel site

 

One of the region’s busiest developers is about to get even busier.

 

VanTrust Real Estate plans to build a 500-acre New Albany Tech Park just south of Intel’s planned $20 billion semiconductor manufacturing campus, according to a news release. The park could ultimately including up to 5 million square feet.

 

“We’re designing it to accommodate all types of users,” Andy Weeks, VanTrust’s executive vice president, told Columbus Business First.

 

Weeks said the project will include a combination of speculative buildings and build-to-suits targeted for Intel suppliers and other companies. In fact, he said the firm has been in talks with several Intel suppliers already, but could not disclose who they were.

 

More below:

https://www.bizjournals.com/columbus/news/2022/07/08/vantrust-new-albany-tech-park-intel.html

 

Recently came across this article on biopharmaceutical giant Amgen, who is currently building a new manufacturing facility just off 161 on the northeast side.

Thought I'd throw it in here in case anyone's interested...

 

Why Amgen Chose the Columbus Region and Why It Matters

 

"In a string of economic development wins for the Columbus Region, one stands out for its uniqueness and global prestige. In June 2021, biopharmaceutical giant Amgen said it would invest $365 million to build a cutting-edge manufacturing facility in New Albany.

 

The 270,000-square-foot building will feature Amgen’s most advanced assembly and packaging capabilities for medicines to be distributed in the U.S., supporting a global supply chain network amid growing demand for Amgen medicines.

 

The direct impacts on the Columbus Region are enormous, including the creation of 400 new jobs and an annual payroll of $40 million, but the ripple effects are just as exciting. With revenues of more than $25 billion in 2020, Amgen is a global pioneer in restoring health and providing therapies for those fighting serious illnesses.

 

When it comes time to build out the workforce, Amgen will be supported by Ohio State University, which is codeveloping an internship program and other experiential learning opportunities. Amgen’s presence illustrates the growing demand for STEM students graduating from the region’s education institutions and underscores the importance of the new, $1 billion-plus Innovation District funded by JobsOhio, Ohio State University and Nationwide Children’s Hospital.

 

“We are collaborating to have a strong strategy for the recruitment process—by next year we should have around 150 associates already working on this project,” says Rodriguez Toledo, adding that Amgen is partnering with other local organizations in its workforce development efforts. “I haven’t seen this type of support [before]. It’s completely different, and it has been outstanding.”

 

Amgen’s facility will be far from the typical manufacturing operation, incorporating some of the most advanced digital automation technologies to make decisions based on real-time data.

 

“It’s a very sophisticated type of manufacturing that enhances the market,” says One Columbus president and CEO Kenny McDonald. "Over time, they’re going to become a major employer in our market".

 

Amgen’s large investment is another feather in the cap of the Columbus Region’s growing profile in the industry."

 

Full story can be found here:

 

https://columbusregion.com/news/why-amgen-chose-columbus-region/

 

17 minutes ago, Luvcbus said:

Recently came across this article on biopharmaceutical giant Amgen, who is currently building a new manufacturing facility just off 161 on the northeast side.

Thought I'd throw it in here in case anyone's interested...

 

Why Amgen Chose the Columbus Region and Why It Matters

 

"In a string of economic development wins for the Columbus Region, one stands out for its uniqueness and global prestige. In June 2021, biopharmaceutical giant Amgen said it would invest $365 million to build a cutting-edge manufacturing facility in New Albany.

 

The 270,000-square-foot building will feature Amgen’s most advanced assembly and packaging capabilities for medicines to be distributed in the U.S., supporting a global supply chain network amid growing demand for Amgen medicines.

 

The direct impacts on the Columbus Region are enormous, including the creation of 400 new jobs and an annual payroll of $40 million, but the ripple effects are just as exciting. With revenues of more than $25 billion in 2020, Amgen is a global pioneer in restoring health and providing therapies for those fighting serious illnesses.

 

When it comes time to build out the workforce, Amgen will be supported by Ohio State University, which is codeveloping an internship program and other experiential learning opportunities. Amgen’s presence illustrates the growing demand for STEM students graduating from the region’s education institutions and underscores the importance of the new, $1 billion-plus Innovation District funded by JobsOhio, Ohio State University and Nationwide Children’s Hospital.

 

“We are collaborating to have a strong strategy for the recruitment process—by next year we should have around 150 associates already working on this project,” says Rodriguez Toledo, adding that Amgen is partnering with other local organizations in its workforce development efforts. “I haven’t seen this type of support [before]. It’s completely different, and it has been outstanding.”

 

Amgen’s facility will be far from the typical manufacturing operation, incorporating some of the most advanced digital automation technologies to make decisions based on real-time data.

 

“It’s a very sophisticated type of manufacturing that enhances the market,” says One Columbus president and CEO Kenny McDonald. "Over time, they’re going to become a major employer in our market".

 

Amgen’s large investment is another feather in the cap of the Columbus Region’s growing profile in the industry."

 

Full story can be found here:

 

https://columbusregion.com/news/why-amgen-chose-columbus-region/

 

Not fully sure how enrollment works, but seems like with intel and this, Ohio state could likely see an increase of students also 

On 7/8/2022 at 12:05 PM, ColDayMan said:

VanTrust plans 500-acre New Albany Tech Park near Intel site

 

One of the region’s busiest developers is about to get even busier.

 

VanTrust Real Estate plans to build a 500-acre New Albany Tech Park just south of Intel’s planned $20 billion semiconductor manufacturing campus, according to a news release. The park could ultimately including up to 5 million square feet.

 

“We’re designing it to accommodate all types of users,” Andy Weeks, VanTrust’s executive vice president, told Columbus Business First.

 

Weeks said the project will include a combination of speculative buildings and build-to-suits targeted for Intel suppliers and other companies. In fact, he said the firm has been in talks with several Intel suppliers already, but could not disclose who they were.

 

More below:

https://www.bizjournals.com/columbus/news/2022/07/08/vantrust-new-albany-tech-park-intel.html

 

 

Crews were tearing down houses today at the future site of The New Albany Tech Park, adjacent to the Intel site

 

New Albany lands $1 billion data center project from out-of-state company making first investment in Ohio
 

 

“A Washington, D.C.-based real estate investment firm that develops data centers plans to construct a multi-building complex for a confidential end user at New Albany International Business Park. 

 

When complete, the $1 billion project from DBT-Data could span up to 1 million square feet, CEO David Tolson told me. It will be the company's first project in the state of Ohio.

 

Tolson said the exact number of buildings in the DBT complex hasn't been finalized, but it will most likely be three.

 

DBT is under exclusive negotiations with a user who could be taking the entire site, Tolson said. He wouldn't reveal who that company is, citing a confidentiality clause in their current agreement.”

 

https://www.bizjournals.com/columbus/news/2022/08/31/dbt-data-new-albany-project.html

Interesting to note that DBT said they had the land under contract before the Intel announcement. So this driven by pre-Intel momentum. 

 

More massive warehouses begin to rise near Intel...

(This is just west of the future site of the recently announced DBT-Data Center complex property)