The first residents of The Yardley apartment complex in Olde Towne East moved in on November 1. The project, which was built on a vacant lot at 122 Parsons Avenue, contains a total of 78 units over a first floor parking garage and a corner commercial space.
The apartments range in size from a 500-square-foot studio to several townhome-style units – clocking in at over 1,700 square feet – that feature outdoor balconies with downtown views. Rents range from $945 per month to over $2,000.
Interest in the project has been strong, according to representatives of Metropolitan Holdings, although they are working hard to get the word out to people who may not already be familiar with the neighborhood. Incentives being offered to prospective tenants include a $1,000 Visa gift card, as well as coupons for some of the local businesses within walking distance of the building, like Upper Cup Coffee.
A different plan for the site was proposed in 2014 but never developed. Construction work started last year on the new design, which was developed by a team that included Kohr Royer Griffith (KRG) and Metropolitan Holdings. Architectural Alliance is the architect.
The development received a 15-year, 100 percent tax abatement. Because of the new abatement policy that the City of Columbus implemented last year, 10 percent of the project’s units are required to be “affordable and rented to” households making up to 80 percent of the area median income (AMI), while another 10 percent are affordable for those making 100 percent of AMI. For The Yardley, that translates into eight units.
Scroll down for photos and more information from a recent tour of the building.
