Nearly 150 apartments proposed for Franklinton through two projects yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
COLUMBUS, Ohio (WCMH) – A 2-bed, 1.5-bath Franklinton townhome may soon trade its bedrooms and bathtubs for the chatter and bustle of bar patrons. A homeowner and member of the East Franklinton Review Board received approval from his fellow board members in late May to transform the single-family residence at 500 W. Walnut St. into […]
A pair of Columbus developers is proposing a 15-story tower on West Broad Street in Franklinton, continuing the transformation of the neighborhood.
The $50 million tower, on the southwest corner of West Broad and South Gift streets, would include 206 apartments in the top 11 stories, above parking, commercial and retail levels. A rooftop lounge with a view of Downtown would sit on top of the T-shaped building.
About 75% of the apartments would be priced to be affordable for families making 80% to 100% of the area median income, which in Franklin County is $58,700 for a one-person household and $83,800 for a family of four.
The plan expands and modifies a November proposal for the site, which called for 80 apartments in a 13-story tower.
The Columbus Development Commission will take up those ideas Thursday.
According to the plan, residential and commercial developers would have to pay a one-time fee of $15,000 per parking space if they don t meet city requirements for parking. But there would be a cap as to how much a developer would pay, said Amanda Ford, a manager with the city s parking services section.
It would cover only future development, and would not be retroactive to projects already announced, she said, such as developments now rising on the Scioto Peninsula just west of COSI.
Affordable housing projects also may receive breaks in fees if they don t meet parking standards, she said.