Columbus Partnership assumes active role in Downtown development
Columbus CEO
Among all of central Ohio s commercial real estate transactions in March, the one for 145 S. Front St. might have raised the most eyebrows.
The 200,000-square-foot state office building, empty since 2007, was sold for $3 million.
Instead of a developer, the buyer was the Columbus Partnership, the private, nonprofit collection of the area s most powerful corporations, which announced plans to turn the seven-story building into a mix of offices, retail space and residences.
The Partnership has been active in economic development since its founding in 2002, but until now, has stayed away from bricks-and-mortar.
The 200,000-square-foot state office building, empty since 2007, was sold for $3 million.
Instead of a developer, the buyer was the Columbus Partnership, the private, nonprofit collection of the area s most powerful corporations, which announced plans to turn the seven-story building into a mix of offices, retail space and residences.
The Partnership has been active in economic development since its founding in 2002, but until now, has stayed away from bricks-and-mortar.
The purchase signaled a more active role for the Partnership in Downtown development. The impression was heightened by the timing of the purchase nearly simultaneous with changes at the Columbus Downtown Development Corp. that gave Partnership members seven of the 13 CDDC board positions.