2013 Residential Projects and the Year Ahead



2013 residential projects

2013 was a pretty significant year for Columbus, if only because it saw its busiest residential developmentyear in and around the urban core in many years. Here are the highlights of some of the biggest 2013 residential projects.

1. The South Campus High Rise and Addition Project
# of New Units: 360
Project Cost: $171.6 Million
Project Height: 7-8 Stories in Multiple Buildings
Some might suggest that this isn’t strictly a residential project because it was student housing. However, I disagree with that. The projects added significant additions to already existing Park, Stradley, Steeb and Smith Halls by connecting the pairs together with what essentially amounted to a brand new building stuck in-between. It also involved significant renovations to other residential buildings in South Campus. This was the first part of a major renovation and expansion project for housing on OSU’s campus.

Some links to this project complete with site maps and construction photos:
http://fod.osu.edu/projects/s_res/2010_7-26.htm
http://www.columbusunderground.com/forums/topic/south-campus-high-rise-additionrenovation

2. HighPoint at Columbus Commons
# of New Units: 302
Project Cost: $50 Million
Project Height: 6 Stories in 2 Buildings
HighPoint was a rather unexpected surprise for Downtown. When Columbus Commons was being constructed, the plan called for residential buildings running along High Street on the west side of the park. Unfortunately, that plan was not supposed to happen for perhaps a decade or more, depending on development interests. Within a year of the completion of the park, however, HighPoint was being proposed. While not exactly the most inspired design or preferred height for such a prominent location Downtown, the projects potential 450+ residents will greatly help the neighborhood’s goal of increased vitality and 24-hour activity. In fact, it may not be too much to assume that this project has encouraged others, such as the 12-story 250 High Project and LC’s double 8-story tower project, both of which will begin construction soon just across the street from HighPoint and the park. Collectively, they will add, at minimum, over 650 new residents.

Links for the project:
http://www.highpointcolumbus.com/columbus/highpoint-on-columbus-commons/photos/

3. Liberty Place, Phase II
Address: 250 Liberty Street
# of New Units: 207
Project Cost: $25-$30 Million
Project Height: 4 Stories
Liberty Place, in the Brewery District, was completed in 2006, the last of a slew of development projects in the Brewery District beginning in the 1990s and came in the middle of a relative quiet period that began when the Arena District stole some of the neighborhoods momentum. That momentum has returned in recent years as urban living has gained significant traction in public opinion. Phase II of Liberty Place was supposed to have been built years ago, but the recession and the uncertainty regarding the exact layout of the rebuilt I-70/I-71 split which runs past the site put the project on hold. All told, Liberty Place now has 342 units.

Links for the project:
http://www.columbusunderground.com/forums/topic/phase-2-of-liberty-place-apartments
http://thelibertyplaceapartments.com/

4. Tribeca
Address: 700 West Third Avenue
# of New Units: 205
Project Cost: Unknown
Project Height: 4 Stories
Tribeca, from Edwards Communities, was built along Third Avenue in the 5thxNW neighborhood. While adding significant density to the area, the project is mostly known for its strange layout. Dubbed the “Fortress” or the “prison”, the project has a long, blank wall along Third Avenue with tower-like structures along it, resembling the fortifications of a prison. The ugly design and lack of interaction with Third because of this layout caused the project to receive a lot of criticism.

A link to the project, the criticism and photos:
http://www.columbusunderground.com/forums/topic/gowdy-field-development

5. Lennox Flats
Address: Kinnear Road, Lennox Town Center
# of New Units: 194
Project Cost: Unknown
Project Height: 3 Stories
Lennox Flats was built over two phases, the first with 92 units and the second with 102. Built in a mostly vacant lot just to the west of Lennox Town Center (across the railroad tracks), these were built in modern-styles and were targeted at students from OSU.

Link with photos:
http://www.columbusunderground.com/phase-two-of-lennox-flats-wrapping-up-this-summer-bw1

6. 600 Goodale
Address: 600 West Goodale Street
# of New Units: 174
Project Cost: Unknown
Project Height: 5 Stories
600 Goodale is likely the most strangely located new project of 2013. It was built on a small strip of land located north of Goodale Street across from White Castle’s HQ building. The location is strange because the land is bordered by the Olentangy River on the west and a highway exit ramp to the north and east sides. In fact, the site sits on a section of land between 315, 670 and major ramps for both to the north. The land is not directly connected to any major neighborhood. Despite the strange location, the modern building was, at last count, 96% leased.

Photos of the project:
http://www.columbusunderground.com/construction-to-wrap-soon-on-600-goodale-bw1

So those were the top 6 largest projects from 2013. More than 2,200 total units were completed in the urban areas of Columbus.

But what’s coming for 2014? Here are the top 5.

1. Jeffrey Park Phase 1
Address: E. 1st Avenue and N. 4th Street, Italian Village
# of New Units: 334
Project Cost: $180 Million+ For all phases.
Project Height: 4 Stories
The Jeffrey Manufacturing site has long been planned for redevelopment. It is, by far, the largest undeveloped site in Italian Village or anywhere in the Short North. Previous plans from the early-mid 2000s fell through, but were revived by a new developer in recent years. The first phase calls for the completion of a mix of townhomes and apartments in a mix of styles. A community center is also planned with a gym and pool. Although this project was supposed to start in the fall of 2013, calls are now for it to begin before winter is over. This may delay the finish for this project into 2015, but for now, it’s still the biggest project for 2014. The entire Jeffrey site will eventually have more than 1,300 new units.

Photos and project information:
http://www.columbusunderground.com/jeffrey-park-will-add-over-1300-new-residences-to-italian-village

2. Taylor House
Address: 5005 Olentangy River Road
# of New Units: 329
Project Cost: Unknown
Project Height: 4 Stories
This project along Bethel Road will go into the site of a former K-Mart. Construction began over the fall and should wrap up toward the end of the year.

Renderings and more information:
http://www.bizjournals.com/columbus/news/2013/09/24/former-kmart-site-at-olentangy-and.html

3. View on 5th
Address: 965 West 5th Avenue
# of New Units: 285
Project Cost: $50 Million
Project Height: 6 Stories
The View on 5th, in 5thxNW, is a 2-building complex along 5th and Holly Avenues. The 6-story building along 5th will contain 153 apartments with ground-floor retail, while the Holly Avenue building would be 3-stories and contain 132 units. The project is scheduled for completion this coming summer.

Link with info and renderings:
http://www.bizjournals.com/columbus/print-edition/2013/06/28/top-end-housing-for-w-5th.html

4. Berkeley House
Address: Bethel Road and Riverside Drive
# of New Units: 256
Project Cost: Unknown
Project Height: 4-5 Stories
Berkeley House is being built by the same company as Taylor House, only on opposite ends of Bethel Road. This will be a mixed-use complex featuring apartments and offices. There was some controversy surrounding this project as it sought to demolish a small stone house from around 1808. Unfortunately, no one seemed to realize the historical significance or age of the structure until the project was set to begin construction. The lack of time made it impossible to raise the money to move the house, so it was demolished. The Upper Arlington Historical Society saved the stone from the house and plans to build some type of marker with it.

Unfortunately, I have not seen any renderings for this project yet, but it has begun construction.

5. Neighborhood Launch
Address: East Long Street, Downtown
# of New Units: 130
Project Cost: Unknown
Project Height: 5 Stories
Neighborhood Launch is an ongoing project Downtown. About 200 units have already been completed along and near the Gay Street Corridor. The project is continuing with the first of 2 buildings, each containing 130 units, along Long Street. The first of these 2 should be complete later this year, with the 2nd beginning construction over the summer.

Renderings can be found here:
http://www.columbusunderground.com/neighborhood-launch-to-build-260-new-downtown-apartment-units

So there you have it. 2013′s and 2014′s largest projects. These, of course, represent just a small sample of what’s being built.



The Changing Columbus Transit Scene




There’s been some discussion over the last few years about how driving habits are changing nationally. I’ve seen at least a few reports suggesting that overall driving is actually on the decline and has been for some time. This even while the population of the US continues to rise. A http://uspirg.org/sites/pirg/files/reports/US_Transp_trans_scrn.pdf”>new report has come out detailing the changing habits of cities, including the changing Columbus transit scene.

Percent Change in Per-Capita Vehicle Miles Traveled from 2006-2011
Columbus: -5.7%
Dayton: -0.2%
Akron: +1.2%
Cleveland: +5.1%
Youngstown: +5.4%
Cincinnati: N/A
Toledo: N/A

Columbus saw the largest drop in vehicle miles traveled, indicating that people there are driving less. Northeast Ohio all saw increases, which goes against the national trend. Toledo and Cincinnati did not have comparable numbers.

Percent Change in Per-Capita Passenger Miles Traveled on Mass Transit 2005-2010
Columbus: +1.6%
Dayton: -0.6%
Akron: -2.8%
Youngstown: -8.3%
Toledo: -28.8%
Cleveland: -34.2%
Cincinnati: -34.8%

Columbus was the only city to see an increase in its mass transit miles. Cleveland, Cincinnati saw drops of more than 1/3rd.

Change in the Proportion of Workers who Commuted by Car, 2000-2011
Dayton: -1.5%
Columbus: -1.2%
Toledo: -1.0%
Youngstown: -1.0%
Akron: -0.8%
Cleveland: -0.4%
Cincinnati: -0.2%

All 7 saw declines.

Change in the Proportion of Workers who Biked to Work, 2000-2011
Columbus: +0.3%
Akron: +0.1%
Cleveland: +0.1%
Dayton: +0.1%
Toledo: +0.1%
Cincinnati: +0%
Youngstown: +0%

Columbus saw the largest increase of all 7, although the actual changes are all small. No city measured in the US saw a change of more than +1.7%. The majority of cities were less than 0.3%.

Change in the Proportion of Workers Who Worked From Home, 2000-2011
Columbus: +1.4%
Cincinnati: +0.9%
Dayton: +0.8%
Cleveland: +0.6%
Toledo: +0.6%
Youngstown: +0.6%
Akron: +0.5%

Columbus again leads, though all cities saw increases.

Total Per-Capita Vehicle Miles Traveled in 2006
Cleveland: 8,285
Youngstown: 8,806
Akron: 9,379
Columbus: 9,956
Dayton: 10,084
Cincinnati: N/A
Toledo: N/A

Total Per-Capita Vehicle Miles Traveled in 2011
Cleveland: 8,705
Youngstown: 9,284
Columbus: 9,385
Akron: 9,490
Dayton: 10,068
Cincinnati: N/A
Toledo: N/A

Total Per-Capita Mass-Transit Miles Traveled in 2005
Cleveland: 172.0
Cincinnati: 110.0
Dayton: 64.7
Columbus: 52.6
Toledo: 51.6
Akron: 42.9
Youngstown: 17.3

Total Per-Capita Mass-Transit Miles Traveled in 2010
Cleveland: 113.0
Cincinnati: 71.8
Dayton: 64.1
Columbus: 53.4
Akron: 41.7
Toledo: 36.7
Youngstown: 15.9

% of Workers who Traveled by Car, 2011
Cleveland: 89.2%
Columbus: 89.8%
Cincinnati: 90.6%
Dayton: 91.4%
Akron: 92.5%
Toledo: 93.1%
Youngstown: 94.4%

National Rank (of 100 cities) in the % Change for those who Biked to Work, 2000-2011
Columbus: 15th
Dayton: 37th
Cleveland: 38th
Akron: 39th
Toledo: 49th
Cincinnati: 74th
Youngstown: 81st

% Change of Households with No Vehicle, 2006-2011
Akron: +2.2%
Dayton: +1.0%
Cleveland: +0.9%
Columbus: +0.9%
Cincinnati: -0.3%
Toledo: -0.4%
Youngstown: N/A

% Change of Households with 2+ Vehicles, 2006-2011
Toledo: -4.2%
Akron: -3.6%
Dayton: -2.8%
Cleveland: -2.6%
Columbus: -1.4%
Cincinnati: -1.1%
Youngstown: N/A

So what does all this data tell us? Well, for the most part, all Ohio cities are seeing car use decline in some way or another. Columbus performs strongly in car use declines and increases in at-home workers and increases in bike commuting. Mass-transit was where it performed the weakest, where it’s middle of the pack. Yet even there, it saw increases in its use.



Franklin County Home Values and Gentrification

Home values are, in part, tied to how well a neighborhood is performing. In the case of urban neighborhoods, how home values change over time may be a good indication of how that neighborhood is revitalizing. I looked at median home values by census tract for the years 2000 and 2010. Here is the map of how values changed during that period.
Franklin County home values
What the different colors indicate are different levels of performance, obviously. Yellow and oranges indicate decline, which few areas experienced. Light green, which makes up quite a bit of the suburban areas in and outside 270, indicates mostly stability or slow growth (but below average) in home values. Dark green is average to a bit above average growth. Blues and purple are high growth areas.

What the map shows it that the strongest growth in median home values occurred in the urban core neighborhoods, especially along the High Street corridor. Pockets of strong growth also occurred around Easton and sporadically in some suburban areas. What this says, particularly for the urban core, is that quite a few neighborhoods are on the rise. Grandview, Upper Arlington, the Short North, Campus, Clintonville, German and Merion Villages, the western half of Weinland Park, Downtown, and the Near East Side around Franklin Park were some of the best performing areas. This would seem to indicate that strong gentrification is taking place.



Ohio Domestic Migration 2005-2012




Ohio has been growing fairly slowly for several decades now. In fact, if it was not for Columbus’ population growth and international migration, the state would’ve been losing population in recent years. But is the picture really that bad? Are things changing? I decided to find out.

The first chart above shows the total population that moved to Ohio from all other 49 states plus Puerto Rico and DC by year. The drop during the recession is pretty obvious, as mobility greatly decreased during that time. 2012 had the 2nd highest total of the period, only slightly behind 2006.

What the out-migration chart shows is that the total is gradually going down, meaning fewer people, on average, are leaving Ohio each year. So what is the overall difference of in vs. out migration to Ohio?

As the chart shows, the trend has been improving over time, and 2012 barely registered a loss at all. Will the state begin seeing positive domestic in-migration in the very near future? Based on this chart, the answer seems to be yes. A lot can still happen, but it does appear that Ohio is finally shaking off its long-term population issues.



Columbus Housing Market October 2013



Columbus Housing Market October 2013

The latest numbers for the Columbus housing market from Columbus Realtors.

LSD=Local school district
CSD=City school district

Top 15 Most Expensive Locations by Median Sales Price in October 2013
1. New Albany: $445,900
2. Upper Arlington CSD: $358,000
3. Downtown: $330,000
4. Powell: $305,000
5. Dublin: $302,125
6. Jefferson LSD: $292,500
7. Olentangy LSD: $288,500
8. Granville CSD: $272,000
9. New Albany Plain LSD: $262,500
10. Worthington: $249,900
11. Buckeye Valley LSD: $246,250
12. Big Walnut LSD: $238,500
13. Beechwold/Clintonville: $230,000
14. Bexley: $225,875
15. German Village: $217,500

Top 15 Least Expensive Locations by Median Sales Price in October 2013
1. Whitehall: $42,500
2. Lancaster CSD: $75,250
3. Hamilton LSD: $83,450
4. Columbus CSD: $84,200
5. Newark CSD: $87,450
6. Groveport Madison LSD: $90,150
7. London CSD: $94,500
8. South-Western CSD: $95,000
9. Columbus: $104,500
10. Circleville CSD: $110,250
11. Blacklick: $134,251
12. Obetz: $134,950
13. Canal Winchester CSD: $135,000
14. Grove City: $135,000
15. Reynoldsburg CSD: $136,200

Overall Metro Median Sales Price in October 2013: $149,302
Median Sales Price Change October 2012-October 2013: -$3,183

Top 15 Locations with the Highest Median Sales Price % Growth Between October 2012-October 2013
1. Hamilton LSD: +85.4%
2. Jefferson LSD: +69.8%
3. Downtown: +63.8%
4. Reynoldsburg CSD: +54.4%
5. Obetz: +51.8%
6. Jonathan Alder LSD: +50.4%
7. Sunbury: +36.5%
8. Beechwold/Clintonville: +28.6%
9. Westerville CSD: +20.2%
10. Minerva Park: +19.4%
11. Marysville CSD: +19.4%
12. Lithopolis: +19.0%
13. Northridge LSD: +17.4%
14. Circleville CSD: +16.7%
15. Granville CSD: +15.6%

Top 15 Locations with the Lowest Median Sales Price % Growth Between October 2012-October 2013
1. German Village: -16.3%
2. Lancaster CSD: -16.3%
4. Buckeye Valley LSD: -14.9%
5. New Albany Plain LSD: -14.6%
6. Canal Winchester CSD: -14.6%
7. Grandview Heights: -14.2%
8. Hilliard: -12.8%
9. South-Western CSD: -11.4%
10. London CSD: -11.3%
11. Dublin CSD: -10.8%
12. Dublin: -10.3%
13. Whitehall: -7.6%
14. Gahanna Jefferson CSD: -5.6%
15. Johnstown Monroe LSD: -3.7%

Overall Metro Median Price % Change October 2012-October 2013: -2.1%

Top 10 Locations with the Most New Listings in October 2013
1. Columbus: 1,107
2. Columbus CSD: 691
3. Westerville CSD: 177
4. South-Western CSD: 169
5. Hilliard CSD: 158
6. Olentangy LSD: 157
7. Dublin CSD: 123
8. Groveport Madison LSD: 91
9. Worthington CSD: 79
10. Dublin: 73

Top 10 Locations with the Fewest New Listings in October 2013
1. Valleyview: 0
2. Lithopolis: 0
3. Minerva Park: 2
4. Jefferson LSD: 5
5. Obetz: 5
6. Sunbury: 5
7. Northridge LSD: 9
8. Jonathan Alder LSD: 9
9. German Village: 9
10. Grandview Heights: 10

Overall Metro New Listings in October 2013: 2,693
New Listings % Change October 2012-October 2013: +5.9%

Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in October 2013
1. Johnstown Monroe LSD: 30
2. Powell: 31
3. Buckeye Valley LSD: 32
4. Grandview Heights: 39
5. Minerva Park: 42
6. Beechwold/Clintonville: 45
7. Northridge LSD: 45
8. Olentangy LSD: 46
9. Westerville: 46
10. Jonathan Alder LSD: 47

Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in March 2013
1. Circleville CSD: 118
2. London CSD: 107
3. Lancaster CSD: 106
4. Obetz: 105
5. Hamilton LSD: 96
6. New Albany CSD: 91
7. Granville CSD: 84
8. Jefferson LSD: 82
9. Big Walnut LSD: 81
10. Hilliard: 78
11. Reynoldsburg: CSD: 78

Overall Metro Average # of Days on Market Before Sale: 74.7

Top 10 Locations with the Best Change in # of Days on the Market Before Sale October 2012-October 2013
1. Lithopolis: +522.2%
2. Minerva Park: -77.25
3. Johnstown Monroe LSD: -74.6%
4. Buckeye Valley LSD: -71.7%
5. Jonathan Alder LSD: -69.1%
6. Grandview Heights: -64.2%
7. Powell: -62.7%
8. German Village: -61.2%
9. Northridge LSD: -54.5%
10. Pickerington LSD: -47.0%

Top 10 Locations with the Worst Change in the # of Days on the Market Before Sale October 2012-October 2013
1. Hamilton LSD: +190.9%
2. Obetz: +150.0%
3. Lancaster CSD: +86.0%
4. Sunbury: +50.0%
5. Circleville CSD: +45.7%
6. London CSD: +27.4%
7. New Albany: +14.6%
8. Worthington: +13.7%
9. Granville CSD: +9.1%
10. New Albany CSD: +8.3%

Overall Metro # of Days on Market Before Sale % Change October 2012-October 2013: -24.9%