The latest development announcement in Franklinton isn’t quite as large as some of the others discussed this year, but it will still provide needed urban infill and new housing to a prominent location in the neighborhood. “OUT OF TOWN” is the name of the new 45-unit housing development that is slated for construction at 520 West Town Street, not far from 400 West Rich and the Columbus Idea Foundry.
The project will include 36 one-bedroom apartment units and nine two-bedroom units, with 50 percent of the units priced for 80 percent of the area median income, with those rents held at those lower levels for a period of five years. The project is a unique joint venture between Metropolitan Holdings and Arch City Development, located on a site that was purchased from the City of Columbus through an RFP request.
Once completed, OUT OF TOWN will be easily recognizable from its contemporary design from the Franklinton-based Blostein/Overly Architects. The release issued today describes the aesthetic as “an attractive and affordable siting for artists and the artsy”.
For more information, visit www.metropolitanholdings.com.
Renderings via Blostein/Overly Architects.