Forum Replies Created
Not to worry about the mini mall. Its owned by Woods, who also developed the apartments next door. Given the orientation of the apartments, its a given that it will be replicated to match the mini mall parcel. It will eventually fill in nicely but Woods has got it fully occupied for now and is busy with a whole bunch of other projects in the SN.April 23, 2016 10:10 pm at 10:10 pm in reply to: LC RiverSouth – 8-Story & 10-Story Apartment Buildings at High & Rich #1123967
Seems to me they’ve run out of money or used what resources they have to acquire the additional land on Front Street. Money is usually the hold up. They seem to be quite committed to demolitions though.
My concern is that Desantis is a major player in this Nationwide Energry Partners utility. Not only is this a money maker for him but it’s part of the equation for the funds to build the utilities in these apartments as well as many others not owned by him. If that is successful challenged (it’s pending in the PUCO and Court of Common Pleas where class action certification will be requested), he may really be out of funds and this whole thing will go belly up. Dan Garino of the Dispatch has been writing on the case for awhile for those who have not been following.
My bad – I was apparently under the mistaken impression that the central business district that 70/71 surround was a “commerce” area to our two million residents.
Not enough money for it but look at all of the northern 270 projects that have been started recently — all of which were envisioned after this. ODOT’s suburban priorities seem clear in this Republican administration which made axing the 3C corridor its first priority.March 21, 2016 12:43 pm at 12:43 pm in reply to: LC RiverSouth – 8-Story & 10-Story Apartment Buildings at High & Rich #1119295
Weren’t we supposed to see steel arriving on-site and it rising in March? We’re rounding out the month and it’s been neither. LC has a real credibility issue from my perspective on this project.
Sorry for any let down from those who thought this was an update as to real progress on the site.
I also voted as a 17 year old for Al Gore in the Democratic Primary.
Thanks much for the info! That’s an awful lot of space for a Huntington Bank Branch. Hope they have some other retail outlets as well.February 23, 2016 10:24 am at 10:24 am in reply to: LC RiverSouth – 8-Story & 10-Story Apartment Buildings at High & Rich #1115434
Eugene_C – my sentiments exactly. While I would love for these to come on-line sooner for density’s sake, the taking hostage of this intersection for far too long is slowing the progress that other more responsible developers are making. That is the true concern.February 22, 2016 7:15 pm at 7:15 pm in reply to: LC RiverSouth – 8-Story & 10-Story Apartment Buildings at High & Rich #1115376
It’s been a small crew working over there. My thinking is that it will take a while to get the structure to three floors of concrete (they are currently at two), at which point they will switch to wood and put the additional five together very quickly. If they are going to concrete all eight floors, they’ll be there forever…
To be fair, the concrete work is probably quite specialized and they’re working in Winter… As Eridony says, time will soon tell whether this was an accurate date or more false hope from LC which has thus far really lost a lot of faith in dragging this out…
Noticed the tree failures as well. Maybe an indication of improper planting or a bad batch. IIRC they planted them rather late in the season and I wonder if that had something to do with it, too.
I hope the city can address this as the project is still rather fresh.February 11, 2016 3:00 pm at 3:00 pm in reply to: Two25 17 Story High Rise Proposed for SE Columbus Commons #1114256
Oy vey! This latest discussion ought to be in a separate thread as it’s gotten quite removed from the original topic regarding Two 25…
Not from what I can tell but I did read somewhere that Yhezkel Levi, a known quantity of sorts in OTE, was involved with Recchie. Not entirely sure that’s good news as Levi has earned a mixed reputation for his various projects in the neighborhood, most of which drag on for years at a snails pace.
At this point, I’ll take anything. I still think the holdup has something to do with these three units that remain owned by the original redevelopment customers.February 3, 2016 11:22 am at 11:22 am in reply to: Undervalued Downtown Real Estate Encourages Speculation #1113229
Fair point Whopper Jr — it is a double edged sword. But if the County wishes to counteract any negative impact by higher taxes on development/rents, it could as you suggest offer abatements. That way, the policy is more refined.February 2, 2016 5:45 pm at 5:45 pm in reply to: Undervalued Downtown Real Estate Encourages Speculation #1113154
All of them Shako but ultimately that is the province of the Auditor. That’s the law as it exists and nothing less. I merely pointed out these properties as an illustration of undervalued properties downtown and the stagnation it promotes.
I would object once again to thbe suggestion that I am “raising” taxes as SPG paid 750k for this. That is what it is worth and that is what it should be taxed at pure and simple.February 2, 2016 2:09 pm at 2:09 pm in reply to: Undervalued Downtown Real Estate Encourages Speculation #1113116
Whopper Jr hit it on the head — as an owner, you want the lower value. And ostensibly, as the Auditor/Local School District (Columbus City Schools is often a party to valuation cases), you want the highest value. But the best indication is a recent sale.
In the case of the five-story abandoned SPG property, they purchased it for $750,000. That is what SPG thought it was worth and that is what it should be taxed at.
Shako, I am not trying to hijack SPG’s taxes beyond the amount that it paid for the property. My point is that if SPG was paying taxes on the actual purchase price, instead of some phony amount three times lower, they probably wouldn’t just sit on the property for 9 years as they have been doing. No vendetta here as I think SPG is a fine company but this is public policy.