History of Miranova Tower



History of Miranova Tower Columbus, Ohio

Rendering of Miranova in 1998.

On November 16, 1995, Developer Ron Pizzuti announced plans for a residential and office complex on the Scioto River shore on the southwestern edge of Downtown, a project that would eventually become Miranova Tower. In 1995, this area was a large vacant lot and a handful of small buildings. Originally, the $150 million plan called for replacing this whole area with two 25-story condominium towers, 14 luxury townhomes on the river, a 5-story office building and a pair of restaurants, all with construction to begin in 1996. 200 residential units were planned for the towers. This was all supposed to be part of a new series of Downtown developments including a new COSI, a new soccer stadium across the river on the Scioto Peninsula and a residential development on the Whittier Peninsula west of the Brewery District.

On May 12th, 1996, it was reported that the project would not actually break ground until sometime in 1997, already another year later than originally planned. The two towers remained on the agenda, as did the townhomes and restaurants, but the office building had gained a floor and would now be 6 stories.

By July 8th, 1996, the project had gotten larger still. The # of townhomes had more than doubled to 30 and the office building had risen to 7 stories.

On December 16, 1996, the office building once again grew, this time to 8 stories.

By February 4, 1997, the number of towers had fallen to just one, and mention of townhomes had disappeared, yet the price tag remained $150 million.

Further changes came on December 12, 1997. The single tower would be 28 stories and the office tower had grown to 16 stories. Groundbreaking was pushed back to sometime in 1998.

February 11, 1998, still a single 28 story condo tower, but now two 16-story office towers.

May 8, 1998, and back to just one office tower. Still no groundbreaking.

September 19, 1998, more changes. Condo tower down to 26 stories and the office building down to 15. But work has begun on pouring foundations

Miranova condo tower was completed in the early spring of 2000. By July, 79 of the 112 condos had sold. The office building, down to a final height of 12 stories, would not be finished until 2001. The last condo sale would not happen for several years, as the 2000s saw the market crash for these residences.

Miranova Project Stats
Began Construction in 1999
Completed in 2001
Cost: $150 Million
Height: 26 Stories
# of Residential Units: 112

Completed projects going back to the 19th Century, as well as new proposals, can be found at the Columbus Development links page. New proposals happen all the time, and you can follow the process for many of them on the Columbus Area Commissions website.

Is Columbus Getting Younger?

Is Columbus getting younger? This article America’s Baby Boom and Bust Cities
from New Geography suggests… maybe. It was one of only two Midwestern cities (the other being Indianapolis) that saw its population of people aged 15 and younger grow from 2000-2010, and actually scored at #18 for the best growth in this catergory in the 51 largest metros. The 15 and younger population grew by almost 32,000, or 9.2%. Columbus has long been a young city, especially within Ohio, where the median age is almost 37, higher than the national average. In 2010, Columbus’ median age was just 31.4. Should its young population continue to rise, that median age may actually drop over time. It’s long been established that younger cities tend to do better economically and with growth, while aging cities tend to see sustained decline, so this is good news for Columbus’ future.

Age Demographics for the City of Columbus 2000-2010
Under 5
2000: 52,638 7.4%
2010: 61,122 7.7%
5 to 14
2000: 95,251 13.4%
2010: 99,143 12.6%
15 to 24
2000: 122,768 17.3%
2010: 133,796 16.9%
25 to 34
2000: 139,327 19.6%
2010: 147,584 18.7%
35 to 44
2000: 112,361 15.8%
2010: 110,342 14.0%
45 to 54
2000: 80,668 11.3%
2010: 97,782 12.4%
55 to 64
2000: 45,949 6.5%
2010: 74,265 9.4%
65 to 74
2000: 33,718 4.7%
2010: 35,816 4.5%
75 and Over
2000: 28,964 4.1%
2010: 30,089 3.8%

Age Demographics for the Metropolitan Area 2000-2010
Under 5
2000: 115,002 7.1%
2010: 127,350 6.9%
5 to 14
2000: 233,018 14.4%
2010: 253,211 13.8%
15 to 24
2000: 233,784 14.5%
2010: 264,784 14.4%
25 to 34
2000: 256,992 15.9%
2010: 270,931 14.7%
35 to 44
2000: 270,406 16.8%
2010: 260,069 14.1%
45 to 54
2000: 213,906 13.3%
2010: 265,770 14.4%
55 to 64
2000: 127,707 7.9%
2010: 202,911 11.0%
65 to 74
2000: 89,876 5.6%
2010: 109,390 5.9%
75 and Over
2000: 72,003 4.5%
2010: 86,215 4.7%