Nationwide snatching up Grandview Heights property
Columbus Local News wroteNationwide snatching up Grandview Heights property
A stone’s throw from the Arena District, the city’s industrial area may be in for big changes.
By KHALILA PERRIN
Saturday, September 8, 2007
One local merchant is the latest to roll up his business and move on as Nationwide Realty Investors Ltd. acquires more property surrounding the long-vacant Big Bear warehouse complex.
The Abbey Carpet building at 888 W. Goodale Blvd. was purchased by the realty juggernaut Aug. 1, said John Nunn, the carpet company’s owner.
The real estate arm of the insurance company has been purchasing dozens of acres concentrated in Grandview’s 100-acre commercial and industrial district, bordered by Northwest Boulevard to the west, the CSX Transportation rail line to the east, West Third Avenue to the north and Goodale Boulevard to the south, according to Franklin County auditor records.
“Both the city and Nationwide Realty Investors are … pursuing a mixed-used development of office, residential and retail,” said Grandview Heights Director of Administration Pat Bowman.
What actually ends up developing there, however, is still “market dependent,” Bowman said.
“It’s obviously going to be a very long-term development. It’s a big area,” he said.