Empty Nesters, Young Families Driving Market for Grandview Yard Homes
With their first single family homes and for-sale townhomes currently under construction at Grandview Yard, Wagenbrenner Development is seeing early interest in the product from both current Grandview residents looking to downsize and young families attracted by the chance to buy new in the Grandview school district.
“Two of our first three buyers of the homes are coming to us directly from Harrison Park,” said Director of Marketing and Sales Eric Casto, referring to Wagenbrenner’s development just across the Olentangy River in the Harrison West neighborhood. “They’re saying, I really like everything about where I am, but I want to send my kids to Grandview schools.”
As for the empty nester market, Casto said that “our observation is what has contributed to the massive property appreciation in Grandview is that long-term residents aren’t leaving. They don’t want to – that speaks volumes about the community, and we want to provide an avenue for people to stay there.”
The single family homes – which can potentially top out at over 3,500 square feet with a finished basement and third floor – are priced starting around $530,000.
The townhomes will start at $500,000, with the option to add an elevator to the unit for an additional $40,000, an amenity aimed squarely at the empty nester market. Both the townhomes and the single family homes are being marketed under the Homes on Pullman name.
Construction on the first phase of the project – which will fill the block west of Bobcat Avenue between Burr and Williams avenues and will include 21 single family homes and 23 townhomes – is expected to continue well into 2017. Two large blocks to the north could be filled with a similar product, although what exactly goes in those spaces will be determined in conjunction with Grandview Yard’s master planner, Nationwide Realty Investors.
For more information, visit www.homesonpullman.com.
If you’re interested in touring dozens of new apartment buildings in Columbus, you can join us for the upcoming Urban Living Tour on Sunday, May 15th. More details on tour stops can be found HERE and advance ticket sales are HERE.
All renderings/design/architecture by Rob Harris and Keiser Design Group.