Thursday, January 12, 2006

How Many Condo Units are Going Downtown?

People ask me this quite a bit. They are constantly amazed at the numbers. The City puts out a monthly number sheet from Downtown Columbus.com that indicates as of January 1, 2006, there were

873 Units under construction
there were 347 Units Approved but haven't had a groundbreaking yet
there were 1,370 Units Proposed awaiting final approval
and 1,110 units completed since 1/1/2002 for a total of

2,590 units at around $391 million dollars.

You may recall that the city is pushing for 10,000 new housing units in the central city/downtown areas. So, after all the hype, we're just over a quarter of the way here.

Those numbers aren't all condos though, there are rental units mixed in too, to the tune of about 1700 units including biggies such as Liberty Place, Brewer's Yard, Arena Crossing and The Foundary at Jeffrey Place.

Speaking of Jeffrey Place, I dropped by there today to catch up on the latest with Sales Manager Paul Bonneville. They are waiting on the OK from the city, a final approval of the master plat, to move forward and are expecting that to come in soon. Once they get that approval, it's infrastructure, infrastructure, infrastructure and then bam! a shiny new urban neighborhood smack dab in the middle of the city. It's a beautiful thing and I can't wait until the project finally gets off the ground.

Incidentally, Paul Bonneville also has a side gig, running a Columbus Urban Blog called Columbus RetroMetro which I enjoy. Check it out, it's full of good stuff from news clippings to city panoramas to musings not unlike my own.

1 Comments:

Anonymous Anonymous said...

Thanks, Joe. Good stuff!
Jeremiah

11:19 AM  

Post a Comment

<< Home