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The List: 10 More New Apartment Developments Around Columbus

Walker Evans Walker Evans The List: 10 More New Apartment Developments Around Columbus
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As you’re probably already aware (and possibly tired of hearing about at this point), Columbus is in the middle of an apartment building boom. In November 2011, we published a list of 12 large rental developments that had been recently announced, and followed it with a list of 11 more apartment buildings in April 2012. While we’ve continued to provide regular updates since then, we realized that we had not compiled a list in the past year, and there’s quite a few to round up since then.

So without further delay, here’s a list of 10 more apartment buildings either announced, proposed, or already under construction in the central, inner-city region of Columbus:

1. Highpoint at Columbus Commons – This six-story 300-unit apartment development was announced in April of 2012 and is currently under construction in Downtown Columbus. The mixed-use development faces High Street on one side and the Columbus Commons park on the other side. The ground floor calls for 23,000 square feet of retail, and residents and visitors will utilize the existing underground parking garage.

2. The Benchmark Apartments – The Benchmark Apartments were completed quickly at the intersection of Kenny and Henderson Roads. This 108-unit apartment community features one, two and three bedroom units as well as a fitness studio, dog park and saltwater pool.

3. Franklinton Art Lofts – A four-story 42-unit building designed by architect Jonathan Barnes was proposed at the intersection of Lucas and Rich Street in East Franklinton last summer. There’s been little word on progress for the development, but could someday provide an opportunity for live-work spaces for artists and creatives in the emerging neighborhood.

4. The Lane – Technically located in Upper Arlington, this mixed-use development on Lane Avenue is well into its construction phase. The five-story project includes 107 apartment units, a 109-room hotel, ground floor retail space, and 13,000 square feet of office tenant space. Once completed, residents here will find themselves within a very short walk of the brand new Whole Foods grocery store located across the street.

5. Flats II – One more parking lot in the Arena District is being filled in with the new Flats II apartment building, which is currently under construction. Nationwide Realty Investors is developing the new five-story 120-unit building, which is scheduled to begin opening to residents in the Fall of 2013.

6. Yankee Trader Apartments – The building that formerly housed the Yankee Trader party supply store near the convention center is rehabbing its interiors to host 11 new apartments with a ground-floor retail space that will most likely be home to a restaurant (Flip Side Burgers was formerly announced, but has since scrapped plans for expanding to that space). These apartments are scheduled to come online this summer.

7. New LC Apartment Building – A yet-to-be-named development from Lifestyle Communities was proposed and approved in November 2012 at the corner of High and Rich Streets in Downtown Columbus. This seven-story 100-unit building will sit in between the LC’s Annex at RiverSouth development on Front Street and the new Highpoint at Columbus Commons apartments, adding even more residential density to this portion of Downtown.

8. Jeffrey Park – One of the largest and most ambitious new developments announced in Columbus is the 41-acre Jeffrey Park community, located in Italian Village. This Wagenbrenner development is expected to break ground in multiple phases, and once completed will add 1,300 new residences to this currently empty site. The new community is comprised completely of modern architecture designed by local firm BBCO.

9. The View on High – Speaking of BBCO, the firm also designed “The View on High”, a new five-story mixed-use building that will be located adjacent to The Ohio State University. The ground floor facing High Street will be lined with retailers (including the already-announced Wendy’s) while the upper floors host 62 new apartment units.

10. Parkside on Pearl – The Wood Companies are working on the development of a new modern apartment building in Italian Village seating right behind Haiku, and next door to The Hub mixed-use building, which is currently under construction. The Parkside building was originally proposed at seven-stories with 52 units (pictured), but is being reduced to 44 units and going shorter at the request of the area commission.

Collectively, these 10 new projects add up to nearly 2,200 new apartment units for the central area of Columbus. That’s in addition to the approximately 3,000 units that we wrote about in our 2011 and 2012 lists. That means a sizable new population is in the process of being added to Downtown, the Short North, Brewery District, Grandview Heights and other points in between.

CLICK HERE to read up on recent apartment news and updates. And CLICK HERE join in the development discussion on our messageboard.

For more information on apartments for rent in Columbus, visit our Urban Living site.

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16 Responses to The List: 10 More New Apartment Developments Around Columbus

  1. columbusmike May 9, 2013 1:49 pm at 1:49 pm

    Nice write-up. Will be interesting to hear this summer about the large Scioto Peninsula development and other hopefully new projects.

  2. geoyui May 9, 2013 4:59 pm at 4:59 pm

    Sad to see that Highpoint, being the largest and most central complex, is the ugliest. ugh.

    Awesome nonetheless to see all the developments.

  3. Gil Ligg May 9, 2013 8:44 pm at 8:44 pm

    yuck. these all are pretty homogenous and lack any character whatsoever. just what this town needs, more apartments that look cookie cutter.

  4. anillo
    anillo May 9, 2013 11:53 pm at 11:53 pm

    Gil Ligg, how are they homogenous? I think they all look pretty notably different. Some are more admittedly more bland than others, but I’d only consider a few of them to be cookie cutter, and most don’t look anything like each other (besides being predominantly brick). If you want to see some homogenous low rise condos, come look at some of the newer condo buildings in Chicago…

  5. MHJ May 10, 2013 9:50 am at 9:50 am

    anillo, people just like to complain about what’s happening in Columbus. I suppose Frank Gehry is supposed to design all the buildings here. These don’t look significantly different from what is going up in Atlanta, DC, Chicago, or NYC.

  6. johnwirtz May 10, 2013 3:56 pm at 3:56 pm

    I don’t think they’re bad. At least they’re urban. Until recently, the standard Columbus-style apartments have usually looked something like this:
    http://goo.gl/maps/YKhJX

    or this:
    http://goo.gl/maps/6zXag

    or this:
    http://goo.gl/maps/Jqx6W

    or this:
    http://goo.gl/maps/yii1I

    I could go on, but I’m going to stop, because I’m depressing myself.

  7. Stephen43215 May 10, 2013 5:03 pm at 5:03 pm

    Its def a great start! Im sure with all the new residental developments something taller and more sleek looking is bound to pop up sooner or later downtown ;)

  8. rocky67
    rocky67 May 11, 2013 2:37 pm at 2:37 pm

    I think it’s great that they are building more apartments in the greater Downtown Columbus area (Downtown, Short North, Victorian Village, Grandview), it’s long overdue. However, with so many units being built and ready for occupancy this coming Fall 2013, it makes me wonder if they are going to be able to find renters with the prices they are asking? I mean, $1300 a month for a 1 bedroom apartment is rather expensive (understatement). Especially if you are a 31 year old male or female with student loans, car payment/car insurance, credit card debt etc… Been there…..Done that.

  9. columbusdreamer May 11, 2013 9:47 pm at 9:47 pm

    There is an apartment building in the works at the corner of Mt. Pleasant and 4th Ave by the same owners of the Jackson. It says its coming this fall. Lots of activity going on.

  10. mrpoppinzs May 11, 2013 10:51 pm at 10:51 pm

    nm

  11. Walker Evans
    Walker May 12, 2013 7:50 am at 7:50 am

    @rockey67 – New build apartments are generally more expensive. Apartments in the center of urban areas are also generally more expensive. So for many of these to be at the higher end of the spectrum makes sense.

    On the flip side, there are much more affordable places to live spread all throughout the city, so options vary for all price ranges.

  12. thomasjs4 May 13, 2013 7:44 pm at 7:44 pm

    Sorry, I have to agree with @rockey67. I love the idea of downtown living and I understand that new builds can be expensive, but these rents are OUTRAGEOUS. Let’s do a little math:

    Assume $1300/mo. for a 1 BR (as @rockey67 suggested).

    $1300/mo x 12 mo = $15,600 per year for rent

    Financial experts recommend spending no more than 25-33% of your take home pay on housing.

    So, that means you need to bring home $46,800-$62,400.

    Let’s assume you are taxed at 25% for income.

    That means you need a gross income of $62,400-$83,200.

    Now I’ve been out of the job market for a while, but outside of tech/engineering/medicine, I’m not sure how many recent college grads are earning that sort of income, and thus could afford to live downtown, considering the high student loans that many of them carry.

    And perhaps by the time someone is in this income bracket they could be late 20s/early 30s and are thinking about kids and finding a single family home and in a solid, stable school district.

    My question would be: to whom are these new builds trying to cater?

    Yes there are more affordable places spread throughout the city, but if the idea is to get this younger set to live downtown, they will either need to have roommates to afford these places (hence build more 2BR or 3BR places) or the rents will need to come down.

    Just trying to be practical here. :)

  13. Walker Evans
    Walker May 13, 2013 9:10 pm at 9:10 pm

    Similarly, you need to make a decent amount of money to live in a new million dollar home in Dublin:

    http://www.realtor.com/realestateandhomes-search/Dublin_OH

    But for some reason, no one seems to get bent out of shape about those new homes being built.

    If there’s a market for these Downtown apartments, they’ll be successful. I would think we’d want more people with more disposable income living in our inner city and not expecting the suburbs to be the only place catering to people willing to spent a bit more for a luxury home/apartment.

  14. goldenidea May 14, 2013 8:19 am at 8:19 am

    “…If there’s a market for these Downtown apartments, they’ll be successful…” and if they overbuild, the rents will be lowered. I think there’s plenty of demand, with people of all ages wanting to move and live in many areas of downtown and inner city. Developers realize this and are working to meet that demand and, along the way, to maximize their ROI. It remains to be seen exactly what returns they’ll get, but they’re building to meet demand. It’s a better situation that the condo debacle of the near past. At least they are preparing to rent units not sell them. They’ll likely be profitable unless they grossly overbuild. In this economy, high returns are hard to come by. Apartment development, especially at the high-end, is likely one of the better places to invest at the moment.

  15. dbolon May 14, 2013 2:01 pm at 2:01 pm

    Would love to see a new complex in Franklin Park area!

  16. byJody
    byJody May 14, 2013 7:00 pm at 7:00 pm

    Madison Park is going in across from Benchmark.

    In related news, a Shared Use path is going in along Henderson Rd from Kenny to Olentangy River Rd this construction season.

    http://www.livepreferred.com/madison-park-home.html

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