Business First wrote What do other cities have that we don’t? A big space crunch, for one
Friday, July 4, 2008
by Carrie Ghose
While Columbus bides its time waiting for the right market conditions and anchor tenant for its next high-rise, Cincinnati is about to build its tallest tower at 41 stories and Cleveland is preparing to add two 20-story buildings. All three are planned to open in 2011.
Ohio’s capital city has plenty of downtown construction under way, just not upward. A new courthouse, ballpark, two housing developments and a riverbank park are being built and plans are simmering for a mixed-used development to replace the dying City Center mall. On the outskirts, Nationwide Children’s Hospital is soon to start an addition and Grange Mutual Casualty Co. is finishing an 11-story addition.
“They’re not hinging on cannibalizing employment, they’re hinging on brand new things,” Reger said. The three towers in Cincinnati and Cleveland, by contrast, are pulling anchor tenants from elsewhere and range from 40 percent to 100 percent speculative.
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