The developer of a new residential complex off Sawmill Parkway said finding renters who want to live in Powell has not been a difficult task.
Workers broke ground on the 308-unit Powell Grand rental complex last summer southeast of Sawmill Parkway's intersection with Seldom Seen Road. Brian Schottenstein, president of Schottenstein Real Estate Group, said he expects work on the complex to wrap up by March.
Schottenstein said more than half of the units in the complex, which features a mix of apartment-, condo- and ranch-style units, are spoken for by current or future residents.
"It's probably renting up quicker than any community I've seen in central Ohio," he said.
Schottenstein said amenities geared toward senior residents, such as a putting green and playing surfaces for bocce ball and pickleball, are helping to attract interest. He said an on-site dog park for residents should be completed by the end of 2018.
"I think people really like the location and everything it has to offer along with our amenities that are new to the market," he said.
The development of the 39-acre Powell Grand complex will lead to millions of dollars of infrastructure work and other improvements in the area.
Powell City Council in late 2015 approved a tax-increment financing agreement with Schottenstein Real Estate Group and its partner firm, Margello Development Co. TIF districts are funding mechanisms that allow municipalities to divert property-tax revenue from improvements to a site toward infrastructure improvements near the site.
Under the Powell Grand agreement, millions of dollars in TIF funding and direct contributions from the firms will go toward improvements to roads, sewer lines and the city's planned Seldom Seen Park.
Schottenstein said he hopes city residents see the new rental complex as a part of the community. As part of its effort to be a good neighbor, Schottenstein said the complex will host WellFest 2017 from 10 a.m. to 3 p.m. Aug. 27.
Schottenstein Real Estate Group will team with Worthington-based health and fitness training firm AccelWell for the free event, which will feature classes, giveaways and healthful food.
Schottenstein said Powell residents' active lifestyles make the community a great fit for the event.
"The area in general is perfect for this type of festival," he said.
Nicki Meyer Dennis, president and CEO of AccelWell, said the WellFest will feature opportunities for attendees to try everything from a self-defense class to yoga.
"There will be a whole menu of different styles of workout classes that they can go attend," she said.
People can sign up for the event at wellfest.schottensteinrealestate.com.
Schottenstein said the goal is for WellFest to become an annual event, although it could move away from the rental complex.
"The goal is to (grow) it so big we have to figure out a different venue for it," he said.