Nationwide Realty looking at new Arena District sites as Parks Edge nears completion
November 1st, 2016
Jeff Bell, Columbus Business First
Parks Edge is located across from Neil Avenue and is the most recent addition to NRI’s residential offerings within the Arena District.
Parks Edge offers 69 condominiums ranging from 427k-1.34 million. Brian Ellis said he was pleased with the sales pace for the units which vary from 1,500 sq. ft to 3,200 sq. ft.
Columbus Business spoke with Brian Ellis about the projects progress and here are some highlights from the interview.
Is this the last prime spot for a high rise condo building close to the downtown riverfront?
First of all, we have the site adjacent to this one that I think will be fantastic. When we took (Parks Edge) to the Downtown commission, we showed a master plan that would accommodate two additional buildings- one along Spring Street and one along McConnell Boulevard adjacent to McFerson Commons.
Do you have estimates on the size and the number of units in those buildings?
We’re still working on a design schedule. Like always, we’ll react to the market. There’s a fair chance we could get started sometime next year with the next phase.
We also have a site that’s a little farther west on Spring street near Hanover street that is a great riverfront property. It’s between the Belmont building and the railroad tracks. It has great views of the downtown and river. Whether it ultimately becomes a residential site or commercial office site is till to be determined.
We also have one additional property on Spring Street that’s a good site. It’s a little bit farther to the west. We also bought the garage building on Marconi Boulevard and that has some riverfront use. The other (site) that comes to mind beyond our holdings is the Scioto Peninsula.
What percentage of the Parks Edge units have been sold at this point?
The project has been really well-received. We’re well over 50 percent sold and ahead of schedule. We were optimistic going into it. We felt we had a world class site.
When will construction be completed and residents start moving into units?
There are some custom units that people will be able to acquire and add custom finishes after they close late this year. The bulk of the closings will start in the spring (of 2017) and continue through the summer. The best target for the first residents is next May.
In Detail: Parks Edge
- Developer: Nationwide Realty Invenstors Ltd.
- Location: Spring Street between McFerson Commons and North Bank Park
- Condo units: 69 in a 12-story building
- Size of condos: 1,500 square feet to 3,200 square feet
- Price range: $427,000 to $1.34 million
- Achitect: HOK
- General Contractor: Messer Construction Co.
- Completion Date: Spring 2017
See all interview questions in the original article HERE.