Connect with us

Biz + Dev

Will Amazon pick a charity city for HQ2?

614now

Published

on

Could Amazon have something to gain by choosing a city for HQ2 that suffers from high unemployment rates, high poverty rates and low median income levels?

Some experts say yes.

The Columbus Dispatch reports Amazon has gotten a lot of flack over the years for receiving huge incentives for its projects across the country yet paying many of its workers so little that they qualify for food stamps.

Experts are speculating that Amazon could improve their brand image by choosing a less advantaged location for their second headquarters which in turn would help bolster the city itself.

BROUGHT TO YOU BY

“With the highest unemployment and poverty rates, the second lowest median income and largest concentrations of people of color of all the 20 finalist cities still competing for HQ2, a thumps up for Newark would clearly give Amazon a huge social standing boost, not to mention have a transformative impact on New Jersey’s largest urban center,” Boyd said in a report, per The Dispatch. 

A few other cities on the list include Philadelphia, Chicago and Miami.

Columbus in right around the middle.

HQ2 comes with a $5 billion investment, 50,000 new jobs and a demand for 8 million square feet of office space.

Continue Reading

Biz + Dev

Major North Market Tower updates unveiled

614now

Published

on

One of the most talked-about developments in downtown Columbus has gotten its first major update in over two years. The latest design for the mixed-use development on the site of the North Market parking lot was unveiled yesterday, along with changes to to the programming inside the tower.

Originally planned to be 35 stories, plans for the North Market Tower now call for a 26-ish-story development (final floor count has yet to be determined). The floor plates have also widened in the new design. Additionally, a hotel was added to the mixed-use development, which is to include office, parking, and residential space.

The 150-unit residential component of North Market Tower has undergone a change, too. All development partners have agreed to dedicate 15-20 percent of the units to residents making 80-100 percent of Area Median Income. The pricing for these units is referred to as “workforce housing.” According to the the latest figures available by the Department of Numbers, the Area Median Income of metropolitan Columbus is $63,764.

BROUGHT TO YOU BY

What has remained unchanged since the beginning is the delegation of market space in the ground floor of North Market Tower. This will expand the existing North Market building by about 50 percent, creating room for more vendors and seating areas.

North Market has long relied upon revenue from the parking lot to help cover operational expenses. Because the North Market Tower would eliminate the parking lot, developers have created a long-term capital fund plan to compensate for the lost parking revenue.

The changes were approved by the North Market Development Collaborative with City Council expected to vote at its July 22 meeting. The project will need approval from the North Market Historic District and the Downtown Commission, too, before it can proceed.

Construction is anticipated to begin in Summer 2020.

Continue Reading

Biz + Dev

Funding for downtown Crew stadium being decided tonight

614now

Published

on

The financial fate of the new Crew SC soccer stadium, as well as Mapfre Stadium, will be determined at tonight’s Columbus City Council meeting.

City Council is set to vote on its share of a $295.4 million public-private development package to build a new Downtown soccer stadium. The vote will also include the revamp of Mapfre Stadium.

Officials have proposed moving Crew SC’s practice facility to Mapfre Stadium, and also using it for a shared-use center with an indoor soccer field, basketball court, and outdoor athletic fields. It would be rebranded to the Columbus Community Sports Park.

BROUGHT TO YOU BY

“The city will contribute $50 million toward costs associated with the design and construction of the community sports park; public infrastructure improvements necessary to support the project and the mixed-use development; and other costs of the project, other than stadium costs,” the ordinance states, per The Columbus Dispatch.

Money from the city and other public contributions, including $45 million from Franklin County, will make up about half of the project’s cost. The team will finance the remainder of the project, reports The Columbus Dispatch.

The project is estimated to generate 1,300 full-time jobs, including about 600 construction jobs. A fall ground breaking is expected.

Continue Reading

Biz + Dev

Columbus’ next rooftop bar will be in a familiar Brewery District building

614now

Published

on

Something new is brewing at a pre-Prohibition era brewery. The long-dormant Hoster Brewing Company at 477 S. Front St. has been purchased with the intent to develop it into a boutique hotel, rooftop bar, events venue, and more.

The Ohio Development Services Agency awarded $5 million in historic preservation tax credits Wednesday to developer Dwight McCabe to rehab the old set of buildings in the Brewery District, reports WOSU.

Renderings for a planned redevelopment of 477 S. Front Street in the Brewery District.

According to the website of the project’s architecture firm Schooley Caldwell, plans for the Hoster Brewing building include a boutique hotel, a rooftop bar, restaurants and bar, events space, office space, and retail.

BROUGHT TO YOU BY

“…our goal is to transform the site of the long dormant Hoster Brewing Company while keeping its history and architectural beauty on full display,” wrote Schooley Caldwell. “We hope for these magnificent buildings to serve as a vibrant gateway into the Brewery District from downtown Columbus and the west.”

The redevelopment is expected to cost $70 million.

Note: the program for this project has changed since the creation of this video. While design philosophy and overall goals for the site remain the same, the specific renderings and plans presented in this video no longer accurately reflect the current design, which has evolved considerably.

L. Hoster Brewing Company was founded in 1836 and expanded steadily through the early 1900s. By 1914, Hoster had combined with three other large Columbus breweries and together, they dominated the market. But, Prohibition took it’s toll in 1919, forcing Ohio to turn dry and, in turn, Hoster to shutter.

To learn more about the project and to see photos of what the Hoster Brewing building looks like today, visit schooleycaldwell.com.

Continue Reading

No mo’ FOMO

Missing out sucks. That's why our daily email is so important. You'll be up-to-date on the latest happenings and things to do in Cbus + be the first to snag our daily giveaways

Shop Now!

The Magazines

X