Shopping Center Business

MAY 2016

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

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Page 322 of 358

GRANDVIEW YARD 318 • SHOPPING CENTER BUSINESS • May 2016 two-bedroom flats and a 128-space un- derground parking structure. The first two phases of Apartments at the Yard are open and fully leased, including four buildings with 274 total residential units. Forty-five for-sale townhomes are also cur- rently under construction in partnership with Waggenbrenner Development. According to Ellis, Grandview Yard will be adding another high profile restaurant tenant this year as well. Eddie George's Grille 27— a restaurant named for Heisman Trophy winner and OSU graduate Eddie George — will relocate from its current location on High Street to Grandview Yard this spring. The Grille offers classic American fare, a full service bar with 27 craft beers on tap and hand- crafted cocktails. The new location will boast more than 70 HDTVs as well as an array of memorabilia in an upscale setting. These new additions join a diverse range of existing tenants and facili- ties at Grandview Yard that includes a 92,000-square-foot Giant Eagle Market District, a 126-key Hyatt Place Colum- bus/OSU Hotel, a 42,000-square-foot LA Fitness, an 18,000-square-foot Hof- brauhaus restaurant and German bier hall, Ohio State University Medicine and Pediatrics, Panera Bread and Wright Pat- terson Credit Union. Nationwide Realty Investors has al- ready committed more than $150 million toward infrastructure improvements and upgrades at Grandview Yard. As of today, more than four miles of streets and side- walks have been added. A grant from the Ohio Public Works Commission (OPWC) to the City of Columbus for $5 million will provide necessary funding to widen the rail bridge on Third Avenue, creating more lanes for vehicles and facilitating convenient and safe pedestrian and bi- cycle access. The bridge project is slated to begin in July and will be completed in 2017. Ellis noted that contributions from Grandview Heights, the City of Columbus and the State of Ohio have been import- ant factors in Grandview Yard's success. According to Ellis, these long-term com- mitments to infrastructure improvements allowed Nationwide Realty Investors to move forward quickly with Grandview Yard. "They embraced our vision for this vibrant, mixed-use urban development," says Ellis. Nationwide Realty Investors, which has extensive experience planning and building large scale, mixed-use urban en- vironments, is also the developer of the $1 billion Arena District in downtown Columbus, and is currently under con- struction with the $750 million, 3.5 mil- lion-square-foot mixed-use Rivulon devel- opment in Gilbert, Arizona. SCB Grandview Yard continues to expand in the Grandview Heights neighborhood of Columbus, Ohio. Our magazines, newsletters, websites and conferences cover all aspects of commercial real estate. We ofer those in commercial real estate the ability to receive content specialized to their geographic area and sector. Scott France | 404-832-8262 |

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