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SMITH AND HIGH RE-DEVELOPMENT NEWS

Friday , April 18, 2008
 
NAI Ohio Equities Assists in the Re-development of Short North Property

COLUMBUS, OH— NAI Ohio Equities agents Peter Merkle and Matt Gregory have listed a mixed-use redevelopment project in the Short North located at 1246-1264 North High Street in the rapidly developing area between South Campus Gateway and Fifth Ave. The project more commonly known as “Smith and High,” due to its location at the intersection of these cross streets, will consist of retail space, apartments and improvements to an existing building which is 100% occupied.

PATRICK DWYER
PETER MERKLE


Located near other recent development projects including a planned Kroger store, American Apparel, and the redevelopment of the Masonic Temple, Smith and High consists of two new three story buildings, modest improvements to an existing building currently occupied by a laundromat and various office spaces, and associated parking at the rear of the site.

PATRICK DWYER
MATT GREGORY

Currently under construction, Smith and High will feature nearly 7,000 square feet of retail space with highly visible glass store fronts. In addition, the property will feature 12 residential units with generous floor plans, balconies and ample parking. Construction on the property is scheduled to be complete by fall of this year.

The creative and contemporary design approach maximizes its location on High Street by placing the new structures at the sidewalk and concealing the parking area to the rear of the site. A large pedestrian area between the two new buildings also provides future outdoor café possibilities and a walkway to the parking area.

Real Estate developer Don DeVere, president of DeVere, LLC is confident the modern re-development of Smith and High will work well in the culture of the Short North area.

“The Short North has an abundance of wonderful older buildings, but very few examples of modern design. Though the building is keeping with the scale of the neighborhood, it is distinctly modern in its use of materials and its interior space planning,” DeVere said. “Our work is dedicated to the principles of modern design and we find that many residential and retail tenants are drawn to this approach.”

The development is the first venture for the new partnership between DeVere LLC and Schottenstein Real Estate Group led by Don DeVere and Brett Kaufman respectively. Kauffman agreed the Short North area was the right location for this type of project.

“We have been looking for infill opportunities such as this for some time and with this project we feel we have an excellent location with a proven market for residential and retail,” Kauffman said. “Schottenstein’s vision for successful urban development aligns well with DeVere’s.”

Retail leasing agents Peter Merkle and Matt Gregory of NAI Ohio Equities have had previous success in the area including landing L.A. based clothing retailer American Apparel at 1221 North High Street.

“Retailers who come to the Short North area love the large pedestrian customer base that live in the area,” Gregory said. “This strongly attributes to their immediate success in the area.”

For more information on this redevelopment project, please contact NAI Ohio Equities’ agents Peter Merkle or Matt Gregory at 614-224-2400 or visit www.smithandhigh.com.

About NAI Ohio Equities
Operating as central Ohio’s largest locally owned commercial real estate company; NAI Ohio Equities has been serving the Columbus real estate market for more than 37 years.  Located downtown in the Columbus Brewery District, NAI Ohio Equities is comprised of a team of 32 agents making up an experienced Brokerage Department specializing in land, retail, office, investment and industrial real estate.  In addition to the Brokerage Department, NAI Ohio Equities has a reputable Property Management Division managing more than 12 million square feet of property. As an affiliate of NAI Global, Ohio Equities is part of a network of 5,000 professionals working in 350 offices in more than 500 key markets around the world. For more information on NAI Ohio Equities or the NAI Ohio Equities/Anderson Layman Eastern Ohio Branch, including available brokerage and property management services visit www.ohioequities.com or please call 614-224-2400.

   
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LAST UPDATED: 11/12/08
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