City leaders praise $50 mil. investment in 12-story mixed-use development
Kaufman Development and the Daimler Group have announced development of a new 12-story, $50 million mixed-use high rise to be located at 250 High St. on Columbus Commons. 250 High will feature ground-level retail, 156 luxury apartments and 136,000 square-feet of office space (rendering at right).
The project will break ground in November and is slated for completion by early 2015 according to yesterday's announcement. Brett Kaufman, the CEO of Kaufman Development, promises the same high-design standards and lifestyle amenities that distinguish Kaufman projects such as the 600 Goodale urban apartment community.
Seen as a step towards continued downtown revitalization, the development earned high praise from Mayor Coleman, City Council President Andrew Ginther and Guy Worley, president and CEO of Capitol South, which owns the land and operates Columbus Commons. Downtown has seen a residential development reboundover the past five years as a result of development-friendly city initiatives, increased demand and private investments.