New Proposals for Jeffrey Park Could Mean Big Changes for Development
Wagenbrenner Development has submitted new plans to the Italian Village Commission for their Jeffrey Park development that represent a major departure from previous proposals.
Instead of building a 219-unit apartment building and two parking garages on the far eastern edge of the development, new plans call for 13 smaller, three-story buildings instead. Submitted elevations show a variety of architectural styles for the new buildings, which would hold a total of 273 residential units. A four-story garage would provide 452 parkings spaces.
Also on the agenda for the April 19th commission meeting is a new proposal for the block bordered by N. 4th Street, Neruda Avenue, N. 6th Street and Warren Street. Two five-story buildings would hold 84 two-bedroom flats and 12 two-bedroom townhomes. Both unit types will be for-sale products. Parking would be provided in first-floor garages and a surface lot in between the two buildings.
That block had previously been slated for smaller townhome units, similar to what is currently being built south of Auden Street, but Wagenbrenner is intrigued by the potential market for “condo-flats” and the ability to offer a for-sale product at a lower price-point than a three-story townhome.
“There’s a huge pent-up demand for that product,” said Director of Sales and Marketing Eric Casto. “Young people who are leaving the apartment realm, they want the convenience of a flat but they want ownership… it’s advantageous because of mortgage rates, it’s advantageous because apartment rents have skyrocketed, and there’s a point in life where you don’t feel like renting anymore.”
Renderings provided by Wagenbrenner Development.
For more information, visit www.jeffreyparkcolumbus.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.