Year in Review: 2014 Housing Stats

In terms of housing in the Columbus area, the big story of 2014 housing was that there simply weren’t that many places for sale. The housing supply was consistently lower than demand throughout the year, pushing prices higher in every month.

Here are the final numbers for the 22 Columbus area markets that I looked at.

Completed Project #3- 2001- Polaris Fashion Place

Polaris Fashion Place
The rush to the suburbs had been going on for the better part of 60 years by the late 1990s, and seemed to show no real signs of ending. Although the 1990s had been somewhat of an improvement over previous decades for cities and urban life, suburbia was still by far the expected destination for most. Sprawl had exploded during the 1990s and most suburbs had experiened record growth. Southern Delaware county, especially, saw massive building as the population there climbed quickly. Polaris Fashion Place was built to take advantage of the suburban trends. Built largely on farmland, Polaris was to be one of the largest malls in the state and offer high-end fashion names like Lord & Taylor and Saks Fifth Avenue. Planning began in the mid-1990s and construction began in 1999, finishing up in 2001…and just in time. Polaris is one of the last enclosed malls built in the entire United States, as they quickly fell out of favor once the town-center concept, like Easton, became popular. Malls, and retail in general, also suffered from the double recessions during the 2000s. Polaris itself continues to be a popular mall, and development in the area, while not quite at the same pace, has continued.

Polaris Fashion Place Stats

Start of Construction: 1999
Opened: 2001
Current Status: Complete
Cost: $200 Million
# of Stores: 200

From this 1995 aerial, the Polaris site is just one big farm.  I-71 is on the right, but otherwise there are almost no roads through the area.

From this 1995 aerial, the Polaris site is just one big farm. I-71 is on the right, but otherwise there are almost no roads through the area.

Fast forward to 2002 and suddenly the farms are gone.  A new exit off 71 is Polaris Parkway.

Fast forward to 2002 and suddenly the farms are gone. A new exit off 71 is Polaris Parkway.

The Polaris area has continued to add new development through this 2011 aerial.

The Polaris area has continued to add new development through this 2011 aerial.