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Several blocks which are mostly surface parking lots in the rectangle of 4th, Long, 6th, and Gay Streets have been acquired by Edwards Co., one of the Founding Fathers of the Brewery District redevelopment back in the 80′s. Two good things to note about this:
(1) This is a major step eastward. Almost nothing has gone in as far east as 6th thus far, and they’ve mostly been small projects like the Washington Rich Townhomes. This is three full-size blocks.
(2) This will be eliminating a heck of a lot of ugly surface parking lots in one fell swoop.
A Columbus developer has begun assembling the land to build a low-rise residential community Downtown, a city official confirmed yesterday.
The official said Jeff Edwards has had talks with the city about turning an area between Gay and Long streets into a residential development. The area, which is bordered on the west by 4 th Street and on the east by 6 th Street, is mostly surface parking lots.
http://www.dispatch.com/2006/04/14/20060414-Pc-E1-1400.jpg
This is a little farther east than the premiere real estate (i.e., right along High St.), and there isn’t quite the flash-and-dazzle of the Arena District or the pique of some of the other metro districts out that way, so it’s likely that they will in fact be cheaper. As you get out closer to 71, most of the properties to tend to trend cheaper, though there are some very prominent exceptions.