October 7th, 2008
Columbus City Council is set for a vote before the end of the month on legislation that would clear the way for Arena District developer Nationwide Realty Investors Ltd. to begin the final $250 million phase of the area.
The legislation, which went up for a first reading Monday and is expected to be voted on Oct. 20, approves the $2 million sale of 2.4 acres of city- owned land off Vine Street, where Nationwide Realty intends to add a 238-unit apartment complex, two office buildings and other projects.
Nationwide’s plans for the district also include a range of infrastructure improvements estimated to cost at least $18 million.
The planned $250 million investment will bring private-sector investments in the Arena District to more than $1 billion. Other plans in the pipeline:
- 260,000 square feet of office buildings along Nationwide Boulevard.
- A 1,600-slot parking garage.
A Giant Eagle grocery story in partnership with Columbus-based Continental Real Estate Cos.