The Schottenstein Real Estate Group has officially opened its third development in Grove City.
On Friday, June 13, the Grove City Area Chamber of Commerce hosted a ribbon-cutting ceremony to commemorate the opening of Grove City Summit, a 228-unit rental community built next to the Buckeye Grove Shopping Center and near the intersection of Hoover Road and London-Groveport Road.
The land previously was owned by the Buckeye Ranch, a residential facility for troubled youth.
The units are an upscale mix of of one-, two- and three-bedroom garden and townhome units. Rent ranges from $800 to $1,500.
"We have more than half (the units) rented," said Brian Schottenstein, vice president of the Schottenstein Real Estate Group. "We should be fully rented and complete by the end of the year."
Schottenstein said the development has been drawing in a range of demographics so far, including young professionals, young families and empty nesters.
"We really have it across the board," he said. "We're really, really excited about having another nice community for residents to enjoy."
Other features of the development include a 24-hour fitness center with a yoga room, a resort style pool, a community garden, a cafe with free Wi-Fi and a business center. A number of the units also have attached garages.
Other Grove City developments by the Schottenstein Group include Parkway Village, apartments near Buckeye Parkway and White Road, and Parkway Crossing Condominiums, located north of White Road and just east of Interstate 71.
"We've been developing in Grove City for many years, and we're very pleased to have this new development," said Gary Schottenstein, chairman and CEO of the Schottenstein Real Estate Group.
Gary Schottenstein said the location of Grove City Summit also puts it close to the improved intersection of I-71 and state Route 665.
"It's one of the most improved corridors in the area," he said. "Every day, it gets better."
Mayor Richard "Ike" Stage, who attended the ribbon cutting, said the development complements the community.
"It is appealing to the population we desire to attract to Grove City," he said.