TheWagenbrenner Company is preparing to present a proposal to build a four-story retail/residential development on the former site of the Kingswood Building on Grandview Avenue.

TheWagenbrenner Company is preparing to present a proposal to build a four-story retail/residential development on the former site of the Kingswood Building on Grandview Avenue.

The Kingswood Building, a two-story retail structure, was demolished after it was left unsalvageable by a Jan. 17 fire that caused $3-million damage.

The site is located on the east side of Grandview Avenue between Third and Fifth avenues. It sits in the city of Columbus, just outside the boundaries of Grandview Heights.

"We're hoping to break ground by the end of the summer," said Angela Zeigler, chief operating officer for Wagenbrenner's property management division.

Wagenbrenner is proposing the first floor of the new building will be used for retail, with most retail spaces totaling about 1,500 square feet, Zeigler said.

"In the old building, we had kind of a mix of different sizes for our retail spaces," she said. "We want to make it a little more uniform in the new building."

Between 30 and 40 one- and two-bedroom apartments are planned for the top three floors of the new building, Zeigler said.

The apartments would be rentals with a target market of young professionals, she said.

Although the building would be taller than most structures on Grandview Avenue, it would be similar in scope with the nearby retail/residential building at the corner of Third and Grandview avenues, Zeigler said.

The Wagenbrenner Company is preparing to make a presentation to the Fifth by Northwest Area Commission, she said.

The Kingswood Building site lies within the Fifth by Northwest neighborhood. The area commission reviews development issues and other neighborhood matters and forwards recommendations to Columbus City Council.

Council will need to give final approval to Wagenbrenner's plans.

Zeigler said she is not sure if the company will be making a presentation at the area commission's next meeting, scheduled for 7 p.m. May 5 at Forty Plus of Central Ohio, located in the Reitter Building, 1100 King Ave.

Wagenbrenner considered other options for the Kingswood site before making a final decision, she said.

"It just makes the most sense for us and for Grandview Avenue," Zeigler said. "We already have other retail sites in the area and Grandview Avenue is a place where people want to live."

The neighborhood plan adopted earlier this year by the Fifth by Northwest Area Commission calls for ground-level retail development in and around Grandview Avenue, she noted.

Wagenbrenner has found new locations for most of the 23 businesses displaced by the fire, Zeigler said, and the expectation is that some of those businesses will return to the Grandview Avenue site.

afroman@thisweeknews.com