Dublin's Bridge Park development more than half finished
Construction will continue at Dublin’s Bridge Park for about the next five years, and when finished, the 32-acre development will showcase approximately $600 million in private investment.
Matt Starr, vice president of commercial real estate for developer Crawford Hoying, said about 20 of the district's 32 acres are developed and about $420 million has been invested.
The latest addition to Bridge Park is SpringHill Suites, 4475 Bridge Park Ave., a Marriott hotel that opened in early February.
Construction is underway on the next project – 115,000 square feet of office space, 84 condominium units and 15,000 square feet of restaurant and retail space. The site is just north of Bridge Park Avenue and west of Dale Drive, Starr said.
This phase, known as Block G, should be finished in two years, he said.
About 86% of Bridge Park's apartments are leased, Starr said.
Retail space isn’t performing quite as well, but retail was being challenged even before the COVID-19 coronavirus pandemic, Starr said.
Bridge Park is offering attractive leases to encourage “pop-up” retail outlets that “give people a reason” to loiter, browse and, hopefully, make a couple of purchases, Starr said.
Likewise, he said, office leasing is expected to generate additional momentum in the near future.
The vibrancy of Bridge Park is what city officials envisioned when it was first planned, said Colleen Gilger, city development director.
“The Bridge Park development continues to grow and thrive," she said. "Through the pandemic, companies have continued to realize the need for a home base and the appeal of having office space in a vibrant, walkable neighborhood where employees can grab coffee, lunch or drinks during their work week.
"The residential spaces also continue to flourish and help meet the growing and changing housing needs and desires of the Dublin community."
The first phase of Bridge Park began in December 2016.
The development includes Bridge Park on the east side of the Scioto River, home to Pins Mechanical Co., Urban Meyer’s Pint House, Frank & Carl’s, Hen Quarter, Sweetwaters Coffee & Tea and many other businesses; and Bridge Park West, on the west side of the river, nestled against Dublin’s historic district.
The Pearl and the Avenue Steak Tavern are two of the larger restaurants in Bridge Park West, which has about 13,000 square feet of office space, with the balance as retail and other restaurants, Starr said.
Seventh Son Brewing Co. also plans to open a brewpub called Getaway in Bridge Park West later this month.
Combined, Bridge Park and Bridge Park West include about 520,000 square feet of commercial space, 528 apartments, 106 condominiums, a 19,000-square-foot events center, North Market Bridge Park and two hotels.
Starr said additional restaurants are on the horizon.
“We are working with several restaurants and are getting closer (to new tenants) every day," he said.
Although Starr would not reveal potential tenants, he said he tries to avoid duplicating the variety and styles available at the North Market Bridge Park and focuses on regional brands.
“We prefer to attract local, authentic kinds of restaurants rather than national chains,” he said.
Thirteen of the 19 planned tenants of North Market Bridge Park have now opened, with two more – Hoyo's Sambusas & Juices and The Pit BBQ Grill – scheduled to open soon.
Bridge Park also could use a place for bands to perform, Starr said.
“We are on the hunt for a live-music venue," Starr said. "We want a place for people at Bridge Park to enjoy live music."