$15M Near East Side apartment complex nearing completion near I-71 bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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.