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Major North Market Tower updates unveiled

614now Staff

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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.

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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.

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Biz + Dev

Facebook to offer $100 million boost to small businesses

Mitch Hooper

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As more and more small businesses shift focus and find new footing amid the COVID-19 outbreak, Facebook is looking to assist with financial relief.

Through its Facebook Small Business Grants Program, Sheryl Sandberg, Facebook COO, announced the company is offering $100 million in cash grants and ad credits up to a maximum of 30,000 eligible small businesses in the 30 countries they operate. These cash grants and ad credits, as reported by Business Insider's Dominic Reuter, can be used by businesses to help cover operational costs, afford rent, and pay employees.

Currently, Facebook is still creating the criteria for which businesses can be approved for this grant, however, Business Insider predicts it will be modeled similarly to the Small Business Association. For more information, check out the SBA website.

To keep up-to-date with the Facebook Small Business Grant Program, visit the website where you can sign up for email updates. In the meantime, Facebook has provided tips for small businesses such as ways to stay in touch with your customers, how to host an online event, and advice on preparing a frequently asked question list for your page.

614Now will update this story as more information becomes available.

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Biz + Dev

German Village property owner looking to bring new restaurant to the area

614now Staff

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A property owner in German Village hopes to fill a vacant storefront in the next few weeks. What do you think should go in the space at 277 E Livingston Ave.?

Edward Mershad told This Week News he is updating the structure of the property with hopes a restaurant will move in and open by early summer.

The building was formerly occupied by the Happy Dragon. It was to become a Philco Diner + Bar by restaurateurs Randy and Tina Corbin, who also own Club 185, but plans fell through.

For more information, visit This Week News.

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Two popular restaurants announced for New Albany development

614now Staff

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Two tasty vendors were just announced for a new development in New Albany. Market & Main is pleased to welcome Katzinger’s Delicatessen and Harvest X Three Tigers to its unique mix of offerings.

Katzinger’s Delicatessen will be located in the Market & Main 2 development on Main Street between Johnson’s Ice Cream and the Heit Center.

Harvest X Three Tigers is a unique collaboration between Harvest owner Chris Crader and Three Tigers Brewing Co. partners Lonnie Hill, Rick Moller and Scott Wilkins. It will be located on 1.5-acres at the former New Albany Mill site at the corner of Main Street and Dublin-Granville Road, which will maintain its historical character in homage to New Albany’s heritage and rural history, according to a release.

Katzinger’s seating capacity is expected to be around 60 and Harvest X Three Tigers will hold even more in approximately 8,000 square feet of interior space as well as an outdoor bier garten area, according to a release.

New Albany’s Market & Main area in the heart of town now has 220,000 square feet of commercial space. Tenants there include corporate office users like Wallick and UBS, as well as independent operators like Truluck, Elliott Cooper, PetPeople, Whit’s, and Fox in the Snow.

“We’ve partnered with companies who provide tailored products and services that our residents want,” said New Albany Company President Bill Ebbing. “These tenants know that New Albany is a place where they can succeed, especially between our 11,000 residents and the more than 15,000 employees who work in the New Albany International Business Park.”

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