Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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C E N T E R R E V I E W 118 • SHOPPING CENTER BUSINESS • MAY 2015 Randall Shearin Nationwide Realty Investors' breaks ground on Nationwide Campus. Development Accelerates At Grandview Yard I n Grandview Heights, located just outside of Downtown Columbus, Ohio, Nationwide Realty Investors' Grandview Yard development is well on its way to realizing the vision set forth by its developer when it broke ground on the $650 million project back in early 2009. Recent openings at Grandview Yard include a 92,000-square-foot Giant Eagle Market District, an 18,000-square-foot Hofbrauhaus restaurant and German bier hall, a 10,000-square-foot medical retail building anchored by Ohio Urgent Health Care, a Panera Bread, a GetGo Gas Sta- tion and Wright Patterson Credit Union. But perhaps the most exciting Grand- view Yard news was announced in late 2014: a 500,000-square-foot Nationwide corporate campus that will support more than 3,000 Nationwide associates. The new Nationwide campus will include three, four-story interconnected office buildings with adjacent parking structures. The first 320,000 square foot building is currently under construction and will open in 2016. A 160,000-square-foot sec- ond building will follow in 2017, and the third building will open in 2019. "The new campus is reflective of Na- tionwide's ongoing commitment to, and investment in, the heart of Central Ohio," said Brian J. Ellis, president of Nation- wide Realty Investors. "This is a great community, and this project represents a tremendous opportunity for Nationwide and its associates, Grandview Heights and Grandview Yard." When completed, Grandview Yard will include more than 1.2 million square feet of commercial space — a total that encom- passes a diverse mix of retail, dining, office and entertainment components — as well as approximately 1,300 urban residences (a mix of for-sale and for-lease units). The project's first two phases of residential are open and fully leased: the Apartments at the Yard include six buildings with 274 to- tal residential units. Other components of the project that are already open include a 90,000-square-foot three-story office building, a 500-space two-level parking deck, a 126-key Hyatt Place Columbus/ OSU Hotel, and a 42,000-square-foot LA Fitness. More than 90,000 square feet of office space is already open at Grandview Yard. A 500,000-square-foot corporate campus for Nationwide Insurance was recently announced. A 126-room Hyatt Place is part of Grandview Yard.

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