ADVERTISEMENT

    Two Local Projects Land Key State Tax Credits

    The State of Ohio today announced the recipients of the second round of its Transformational Mixed-Use Development tax credit program, giving a significant financial boost to two Columbus projects.

    ADVERTISEMENT

    The Merchant Building, a 31-story mixed-use tower planned for the North Market parking lot, was awarded a total tax credit worth $34 million, while Grandview Crossing, the multi-faceted redevelopment of a former brownfield site off of Grandview Avenue, was awarded $6.3 million in credits.

    The North Market project missed out on the credits earlier this year, when the first round of projects were announced. Although underground utility work started earlier this year on the streets around the North Market, construction on the tower itself has yet to begin.

    The project is being developed by Rockbridge and the Edwards Companies.

    At the Grandview Crossing site, workers have been busy for years, first remediating the former landfill-turned-illegal-dumping-ground, and then starting on a series of mid-rise buildings that will hold offices, apartments and retail, some of which have already been completed. A 22,000-square-foot food hall and event center is also currently under construction on the site.

    Grandview Crossing is being developed by Thrive Companies.

    Several other Columbus projects had applied for the credits this round, according to Business First, including the Kroger Bakery site redevelopment, the office-to-residential conversion of the Continental Centre, the Galaxy development at Polaris, and the Front & Fulton development in the Brewery District. Thrive Companies had also submitted its Mount Carmel West redevelopment for credits.

    More information on this round of tax credit awards from the Ohio Tax Credit Authority is available here.

    ADVERTISEMENT

    Subscribe

    More to Explore:

    COTA Lands $42 Million Federal Grant for First Transit Corridor

    The Central Ohio Transit Authority has been awarded $41.9...

    City to Triple Funding for Community Shelter Board

    The City of Columbus announced this week that it...

    The Confluence Cast: Grave Matters – Unearthing the North Graveyard

    There is often a complex interplay between preservation and progress. A year into his exploration, Columbus Underground reporter Jesse Bethea continues to sift through the story of how the removal of remains from what was once the North Market parking lot unfolded. From the contentious removal of centuries-old graves to the forensic analysis of unearthed remains, today’s episode navigates the ethical, legal, and emotional complexities surrounding the issue.  In the quest to honor the past while embracing the future, we examine what lies beneath the surface of urban development and confront the ghosts of history that still shape our city today.

    ‘Experimental Museum’ Planned for Whittier Peninsula

    A local company plans to bring a "first-of-its-kind experimental...

    Upscale Apartment Complex Planned for Gahanna

    As Columbus suburb Gahanna continues to evolve, one question lingers: What's next for the city's residential scene? Enter Elliott Parc.
    Brent Warren
    Brent Warrenhttps://columbusunderground.com/author/brent-warren
    Brent Warren is a staff reporter for Columbus Underground covering urban development, transportation, city planning, neighborhoods, and other related topics. He grew up in Grandview Heights, lives in the University District and studied City and Regional Planning at OSU.
    ADVERTISEMENT