Renovations Begin on The Madison Mixed-Use Development
The long-vacant Madison’s Department Store and White-Haines Buildings, located prominently on High Street between Gay Street and Long Street, have often been considered one of the biggest eyesores Downtown. Last summer, the City of Columbus began to pursue action against the property’s former owners, which prompted the sale of the properties to Day Companies, a local developer that has renovated multiple nearby buildings. Day Companies promised a renovation plan for the buildings, and today has been able to reveal more of the details of those plans.
“We focus on properties that provide mixed-use opportunities which add, and in many cases, restore the vitality to neighborhoods,” said Ricky Day, President of Day Companies. “Urban revitalization is what we stand for and preservation of buildings is what we do.”
The redevelopment of the buildings — officially being called “The Madison” — will include a mix of residential space, office space and commercial space. Day says that the ground floor of the building has room for multiple restaurant and retail tenants that would face High Street. The project is being made possible by the awarding of historic preservation tax credits that were issued today.
“Both our residential and commercial tenants are specifically looking for the character and charm of historic buildings to express who they are and what they do,” said Day. “This is really an economic development issue that is good for the community, the city and ultimately, the state. Without the benefit of this type of tax credit these projects couldn’t have happened.”
Some concern was raised earlier this month over a proposal to remove this type of renovation tax credit in the Ohio state budget, but that proposal was removed from the budget proposal, ensuring that both ongoing and proposed development projects could continue as planned.
Construction on The Madison is expected to begin this fall.
Meanwhile, Day Companies have also begun construction nearby on their One East Gay project, another mixed-use renovation that received historic renovation tax credits today.
For more information, visit DayCompanies.net.
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