The Columbus Redevelopment Commission has developed a $40M redevelopment project. (photo courtesy: Flaherty & Collins Property)
by: Wes Mills, Inside INdiana Business
Posted:
Jan 15, 2021 / 01:52 PM EST
COLUMBUS, Ind. (Inside INdiana Business) — The Columbus Redevelopment Commission has unanimously approved Phase I of a $40 million, mixed-use development for downtown Columbus. The first phase of the project includes 200 market-rate apartments, an urban grocery, and 15,000 square feet of retail and restaurant space.
The CRC has entered a contract with Indianapolis-based developer Flaherty & Collins Properties.
The redevelopment commission says it plans to use proceeds from the future increase in property assessments on the site to create additional development options.