Columbus, Ohio Nationwide Realty Investors and Capitol Square announced on Wednesday that they have expanded their partnership in Columbus’s Arena District and have established a new partnership in the Grandview Yard project.
The partnership expands Capitol Square’s ownership in the Arena District from 10% to 20% and establishes a new 20% interest for Capitol Square in Grandview Yard.
Located less than a mile from The Ohio State University on a former warehouse site and encompassing more than 80 acres, Grandview Yard’s plans include 1.5 sq. ft. to 2 million sq. ft. of commercial space, including a significant retail component, restaurants, offices, and more than 600 residential (condo and apartment) units.
The Arena District is a $750 million, 75-acre mixed-use development located in downtown Columbus. The Arena District includes more than 1.5 million sq. ft. of office, restaurants, entertainment, and residential uses.
The financial terms of the investments were not disclosed.