A Detroit developer presented plans Aug. 27 for building a 7-story apartment building on a largely undeveloped corner of downtown Columbus.
The developer, Broder & Sachse Real Estate, plans 220 apartments in a U-shaped building next to the German Village Music Haus, on the northeast corner of South Grant Avenue and East Mound Street.
Despite the proximity of Grant Medical Center, Franklin University and Nationwide Children's Hospital, the area is dominated by surface parking lots.
"We're excited about this project because we think it can be transformational in this rather flat part of Downtown," Jon Rolwing, vice president of acquisitions and development for Broder & Sachse, told the Columbus Downtown Commission.
Rolwing said Broder & Sachse sees "a great need" for new apartments in the area, especially with employment growth at the hospitals.
The building would include studio, one- and two-bedroom apartments ranging from 400 square feet to about 930 square feet. Rent has not been set, but Rolwing expects apartments to rent for $2 to $2.20 per square foot per month, which is comparable with other new Downtown complexes.
Plans call for apartments to be built around three levels of parking.
A terrace, possibly with a pool, would sit atop the parking deck in the middle of the apartments.
The parking garage would include 120 spaces. Another 100 parking spaces would be available on a lot across the street.
The $30 million project would "possibly" include retail, according to the presentation.
Images show a mural on the side of the apartment building overlooking the small brick building that has housed German Village Music Haus since 1979.
"I'm in favor of the project," Music Haus owner Bill Foley said. "I think it would be a boost here.
"It would be tremendous to have a nice big place here and maybe a restaurant or two, something different than McDonald's."
Foley said he considered moving the store, which sells custom guitars, but decided to stay and let the project take shape around his building.
"I didn't want to move. We discussed options, but I think we found a middle ground," he said
Foley would sell his parking lot next to the store for the development. The rest of the property is owned by Franklin University.
This would be Broder & Sachse's first central Ohio project. The company has built several apartment projects in and near Detroit.