Tuesday, November 22, 2011

What do other cities have that we don't? A big space crunch, for one - Business First of Columbus:

manuscripts-shuwatu.blogspot.com
Take in the view from the top of the Rhodes State Office Tower onCapitol Square, and it's easy to see one big differencre between Ohio's biggest city and its sisters goingh through growth spurts. "It's flat," said Doug Ryan, Columbus-based sales leadere for the eastern United Statex with architecturefirm Cincinnati's downtown is sandwiched between hillsa and the Ohio River, while Clevelande is on the Lake Erie shore and flanked by the Cuyahogaa River and a freeway tangle. Downtown Columbuds has the Scioto Riverr and not much else inthe way.
"Yo can put Cincinnati's and Cleveland's downtowns with a piecde of Boston's downtown in the city of Columbus," Mayor Michaelp Coleman said. Ohio's capital city has plenty of downtownm constructionunder way, just not said Nancy Reger, who does land use projection for the . A new courthouse, ballpark, two housing developments and a riverbank park are being builgt and plans are simmering fora mixed-usedx development to replace the dyin City Center mall. On the is soon to start an addition and is finishingan 11-story addition. "They're not hinginf on cannibalizing employment, they're hinging on brande new things," Reger said.
The three towerx in Cincinnatiand Cleveland, by are pulling anchor tenants from elsewhere and range from 40 percenyt to 100 percent speculative. , a unit of American Financial Group, will take up to 60 percentt ofa $322 million, 41-story tower in Cincinnati's Queejn City Square, consolidating employees from four or five olderr buildings. The remaining speculative space is availablr for other tenants willing to pay highed rents to leave officestocko that's 20 to 30 years old, said Tom senior vice president of builder , the development subsidiary of Cincinnati's "We are obviously bullish about that aspect of the market," he An economic impact study by the predictef a $1.
7 billion regional benefit from the including renovating the With help from a public bond Western & Southern is fronting the which made it possible, Stapleton noting the company would consider a Columbu project if there were opportunity. In the all-speculative glass towerf is planned for a parking lot onPublic Square. It'e to be jointly developed by , whicu built the nearby 57-story Key Tower, and a Houston-based real estate firm. The firms said they saw enough demand in the marketfor new, more energy efficientf office space.
Douglas Miller, Jacobs vice president of officre operations, said in a news release he hopees the building attracts new companies tothe "There's no way for us to be able to determinre in advance if it's a good idea or said William Bowen, urban studies professor at . "Ths primary concern is there are no public dollars being spent on In theFlats district, local developers and are planninbg a $522 million redevelopment to include a hotel, housing and a $160 million, 20-story designed by NBBJ. Big Four accounting firm will move 1,200 workers to the top six floord and hang its lighted name onthree sides.
The firm, which has roots in the formeerErnst & Ernst of is leaving the Huntington Center, builg in the early 1900s, and an education centerf in the suburbs. Law firm Tucker Ellie and West LLP is taking anotherfour floors.

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