Forum Replies Created
February 25, 2016 2:56 pm at 2:56 pm in reply to: LC RiverSouth – 8-Story & 10-Story Apartment Buildings at High & Rich #1115800
What’s holding Columbus back? It must come down to economics somewhere.
It just comes down to economics. Even developers who are eager to make their mark on downtown Columbus won’t do it unless the numbers play out. They won’t put forth the years and millions of dollars in time, land, legal, and development costs to break even on a deal, much less take a financial loss of any kind. At the end of the day, they’re still businesses who need to make a profit to persist. Right now there’s a lot of opportunity in downtown development, and it’s picking up steam, but it’s still very high risk. Developers won’t go crazy until the risk begins to lower, and the development deals start to make more business sense.
All of this is to say we should be giving LC, Edwards, Kaufman, and others a whole lot of credit for taking a leap of faith on downtown development even when the margins are (I’m certain) pretty tight. It’s starting to pay off in the big picture. The proverbial snowball is starting to get bigger.
This was a hilarious diversion. Now returning to our regularly scheduled conversations regarding facts and primary sources.
Neilston footings are starting to go into place.
I may single-handedly keep that Jimmy Johns in business. I haven’t had such a viscerally hype reaction to a new restaurant opening downtown in ages. Not sure what that says about me… but man, that’s exciting. xDDecember 28, 2015 3:34 pm at 3:34 pm in reply to: LC RiverSouth – 8-Story & 10-Story Apartment Buildings at High & Rich #1108392
not sure if its true, but I think the higher end units are going due to the influx of workers coming here from much larger Cities. where comp housing is twice the price. (East & West Coasts, etc)
Anecdotally, as someone who has lived in Boston I will tell you that the “expensive” unit I live in Downtown Columbus is the same price I was paying for my place up there, but I’m getting literally double the space. In industry terms, I’m paying about $1.60/SF here. I was paying around $3.25/SF for my place up there. The kicker is that I’m making virtually the same salary, and cost of living here is comparatively through the floor.
The bottom line is that, yes, for people coming from the northeast to Columbus, the “expensive” units are not only palatable, but actually feel like a great value.
Yes – I also got confused by the second bank of addresses incorrectly listed as E Long St. They meant 31-55 W. Long St., and 56-62 W. Long St. (instead of E. Long St. as listed in the Dispatch).
The garage, however, IS on E. Long St. This news is massively exciting!! It’s been such an eyesore, but the rehab described in the Dispatch sounds like it’s going to be done really well.
As a teenager, my friends and I would refer to strawberry crunch bars as “opiate bars.” Not sure if we were being clever, or teenagers. Also not sure how we were so familiar with the term “opiate” and its side effects; in this case, a reference to the fact that eating one opiate bar led to eating more and more until they were gone, and then fixing hardcore until purchasing another box.
Holy cow. It’s like a totally different game. Gorgeous.
Great information. Thanks for doing the digging! …So to speak.
And, regarding them not burying further utilities: Dangit
Does anybody know what all the utility work is that’s happening for weeks on Long Street between 4th and Grant? Are they burying the utilities?
(I really hope they’re burying the utilities, haha)
Last night was CRAZY. One of the craziest things I’ve ever attended.
To CB_downtowner’s point, the only complaints I have heard from anyone who attended last night were relative to the excessive concession lines, and the experience of arriving and departing. Poor MAPFRE is in such a terrible location. Access is so poor.
Bird’s-eye view of construction at The Neilston, dated late last week.November 2, 2015 10:58 am at 10:58 am in reply to: What happened at the corner of Henderson & Olentangy RR? #1099921
It depends on what building materials you’re talking about; there are some restrictions to what you can and cannot burn.
It just seems like “entire house” should probably be on the list of restrictions.
Man, oh man, last night was fun. ;)
Re: 6th Street Mews – foundation work appears to be progressing rapidly. Because those are being built on pads, I expect they will go vertical really quickly once that phase begins. I don’t think we’ll be waiting long to see major work happening there.
In related neighborhood news, I read this morning that The Abigail has been sold, and will be used solely for student housing moving forward. I got the sense that it was predominantly student housing anyway, but according to the story, the new owners will make that the official focus.
Finally, I will try and snag some aerial updates on the excavation at The Nielston, and throw those in the thread in very short order.