The Dispatch wrote CONDOS, APARTMENTS NEAR DOWNTOWN
Housing planned on industrial site
Tuesday, March 18, 2008
BY ROBERT VITALE
Coming soon to a slumping housing market near you: 500 more condos and apartments that developers say can buck the trends.
Columbus City Council members gave their approval last night for an agreement with Wagenbrenner Development to clean and revive 17 acres in Weinland Park that once was home to the Columbus Coated Fabrics plant.
Time is on the project’s side, too. Downtown condo sales have dipped over the past year, and one building even auctioned unsold units. But the need for two years of cleanup and other preliminary work at the Columbus Coated site allows time for a housing rebound.
Wagenbrenner said the bigger condos in his company’s project will go for about $160,000.
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