NEWS

$500M Overhaul for Big Bear site

December 21st, 2007
Brian R. Ball, Business First

Nationwide Realty Investors Ltd. and Equity Inc. may spend more than $500 million developing commercial and housing projects in Grandview Heights in the next decade.

Under a conceptual plan unveiled Dec. 19, the companies would develop 600 to 800 condominiums or apartments among up to 2 million square feet of office and retail development at the site of the former Big Bear Stores Co. complex and neigh-boring properties.

The Nationwide Realty executive who oversaw creation of the mixed-use district surrounding Nationwide Arena in Columbus sees similarities in the two projects.

“We see this as a natural extension of what we’ve done in the Arena District,” said Nationwide Realty President Brian Ellis. “We have a lot to do, but we have the capacity for another large project.”

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