Aug. 09–A Columbus developer unveiled plans on Tuesday for a 23-acre project next to the Arena District that would include two residential towers, a conference center, two hotels, a grocery store and a mini downtown lined with restaurants, shops and upper-level apartments.
The project, called the Grand Central, would be "a district of its own," said Brian Schottenstein, president of Schottenstein Real Estate Group, the development company.
Schottenstein called the project potentially the "biggest and nicest high-end" project of its kind in central Ohio.
Grand Central would be located on vacant land north and northwest of Huntington Park. Schottenstein said his company is in contract for the land, which would be accessed off Vine Street, Neil Avenue, Brodbelt Lane and Nationwide Boulevard, according to the initial site plan.
Schottenstein said he expects to soon announce a national developer who will partner with his firm on the project.
Plans for Grand Central call for the development to include: 120 to 144 condominiums in a 10- to 12-story tower; 206 to 270 apartments in a 12- to 15-story tower; a 200-room, 12-story hotel with rooftop restaurant; a 125-room, six-story extended-stay hotel; a conference center; two parking garages; and a two-story grocery store.
In addition, a Main Street-style corridor of restaurants and shops topped by 200 apartments would line the north part of the project.
Brian Schottenstein and his brother, Corey Schottenstein, who is managing director of the family's company, said they have had strong interest from potential tenants and partners in the project.
"The interest from well-known and respected national developers has been very encouraging, and we look forward to finalizing the selection of one as a joint-venture partner, as well as architects and entire professional team in the near future," Corey Schottenstein said.
While this would be the company's largest project, the Schottenstein Real Estate Group has developed apartment and other projects for more than 40 years in the Midwest and Southeast.
Brian Schottenstein emphasized that the plan is preliminary and that nothing has been submitted to the city. Still, he said he is eager to get started.
"We want to get it going as soon as we can," he said. "The market's great for this development. We think it's a great addition for the Downtown area."