Shopping Center Business

MAY 2016

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

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GRANDVIEW YARD 316 • SHOPPING CENTER BUSINESS • May 2016 I n Columbus, Ohio, Nationwide Real- ty Investors' latest mixed-use develop- ment, Grandview Yard, continues to welcome new tenants and celebrate sig- nificant construction and development milestones. Upon completion, Nationwide Realty Investors' ambitious $650 million project, located just two miles west of downtown Columbus in Grandview Heights, will in- clude more than 1.2 million square feet of office, retail, restaurant and hospitality space and up to 1,300 residential units. Recent highlights include the an- nouncement of eight new office tenants, including Hilliard Lyons, Unum Life In- surance Company and the United States Navy. These new tenants will join Ernst & Young, Northwestern Mutual, Ohio Health Urgent Care, Willis Insurance and others in the more than 200,000 square feet of completed office space at Grand- view Yard. Nationwide Realty Investors President and COO Brian J. Ellis says, "The demand for space at Grandview Yard remains high. As the development continues to mature, we are able to provide an even more en- gaging mixed-use environment for our office tenants." Nationwide is also joining the office mix at Grandview Yard. In 2014, the company announced that it would open a 500,000-square-foot corporate campus on the property. The three-building com- plex and adjacent parking facilities will be home to more than 3,000 Nationwide associates, who will move into the first 320,000-square-foot building this month. The second building, a 160,000-square- foot structure, will be completed in 2017, and the third building is slated to open in 2019. Adjacent to the Nationwide campus will be a new five-story building on Yard Street, with approximately 14,000 square feet of first-floor retail below several floors of residential. The new retail/res- idential building is currently in pre-devel- opment with construction anticipated to begin mid-2016. Grandview Yard will open additional hospitality assets later this year, includ- ing a Courtyard by Marriott hotel and The Grand Event Center — a unique 13,000-square-foot conference and events space adjacent to the hotel. The Courtyard by Marriott, a four-sto- ry, 135-room facility, will open later this summer. The Grand Event Center will include a 4,000-square-foot ballroom that seats more than 300; a number of distinctive social areas and open spaces for smaller meetings, breakout sessions, brainstorming or networking; an outdoor courtyard with fire pit; and a full-service kitchen complete with an executive chef. The Grand is booking events beginning in October. The third phase of Apartments at the Yard is underway, and scheduled to open later in 2016. The new Brooks res- idential building — a four-story, 166-unit apartment building — features one- and Grandview Yard Continues To Gain Momentum Mixed-Use Project in Columbus, Ohio, continues to add retail and other uses. Randall Shearin Nationwide continues to add offce space at Grandview Yard as part of its planned 500,000-square-foot corporate campus. New apartments are underway at Grandview Yard.

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