Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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“A defense-tech unicorn has chosen Central Ohio for an advanced manufacturing complex to make a huge arsenal of drones and autonomous weapons for the U.S. Anduril Industries Inc. aims to start production early next year at the plant called Arsenal 1 and create 4,000 jobs by 2035, company and state officials announced Thursday. It’s the largest job creation project in Ohio history. For comparison, Intel Corp.’s $28 billion semiconductor complex under construction in New Albany, the single largest private investment in state history, is expected to create 3,000 direct jobs.”
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Office - Columbus' Department of Public Utilities Will Move Into the Huntington Plaza Building Downtown
“Columbus' Department of Public Utilities will move into the Huntington Plaza building downtown, initially bringing about 350 employees to its new office. The department will move in the fall from its current facility at 910 Dublin Road. The move to 37 W. Broad St. brings the department across the street from City Hall. "This matches up with our plans for revitalizing downtown," Columbus Mayor Andrew Ginther told me. "It is critically important we get more people working downtown."
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“A hotel in the Crosswoods area near Worthington has been acquired by a Pennsylvania-based real estate company. DBC Real Estate Management bought Staybridge Suites Columbus–Worthington for $7.2 million, Franklin County property records show. The extended-stay hotel is located at 115 Hutchinson Ave.”
