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WHY PARSONS AVENUE

Parsons Avenue is the historic commercial spine of Columbus' South Side, stretching two miles south of Nationwide Children's Hospital to the Southern Gateway redevelopment area just North of Route 104. With an eclectic mix of buildings, people, and neighborhoods, Parsons Avenue has sustained landmarks like Plank's Cafe and Pizzeria (established in 1939) , attracted new local destinations like Tatoheads Public House, The Eisen at Whittier Street, and a new Columbus Library Branch. The thoroughfare continues to inspire future progressive development.

Redevelopment has been accelerating at an all-time high on this corridor and throughout the adjoining residential neighborhoods. Historic homes are being renovated in adjacent neighborhoods attracting home buyers that appreciate the charm of older properties and property owners are renovating their rentals to a level targeting tenants with higher disposable income. This is creating a demand for commercial development on the Parsons Avenue corridor that can cater to a wide range of demographic households.

Projects like Village Pointe, a three-story mixed-use building with retail and fitness center have been completed and Panera Bread is set to open across the street soon. The Barrett Apartments redevelopment featuring luxury homes, apartments and condominiums will be completed soon. With momentum building, investors are looking anew at Parsons Avenue. With a great variety of buildings, big and small, ripe for creative redevelopment in retail and housing, Parsons Avenue continues to redevelop and offers reasonable priced locations for new business owners to finally bring their dreams to life!

1. DENSITY + GROWTH = RETAIL OPPORTUNITY: 23,000 people currently live in 9,750 households within a mile east and west of Parsons Avenue corridor. They are forecast to surpass 25,000 people in 10,500 households by 2020. The market for non-automotive retail goods and services is $200 million a year currently, growing by $3-4 million a year.

2. REAL NEIGHBORHOODS: One of Columbus' most ethnically diverse communities, includes authentic, historic districts such as German Village, Merion Village, Schumacher Place, Hungarian Village, Vasser Village, and Ganthers Place

3. ECLECTIC AVENUE:
Heavily traveled two-mile corridor is home to both corporately owned and independent businesses that offer everything from beauty supplies, auto parts, Tee Jaye's Barnyard Buster breakfast platters to Plank's Pizzeria.

4. ON THE NORTH:
Ongoing $840 million expansion of Nationwide Children's Hospital at Livingston Avenue draws new retail uses (CVS, Scrambler Marie's, Panera) to north end of corridor with 37,000 SF Village Pointe including Fitness Loft, Strut hair salon, Alchemy coffee/juice bar, and a gastro-pub.

5. MIDWAY:
The Barrett Apartments, The Eisen, Community Grounds, Bikes for all people, Tatoheads Public House, The new Columbus Library Branch.

6. SOUTHERN GATEWAY:
City of Columbus and "South Side Champions" (prominent families and non-profit groups) have invested $25 million into John Maloney Health and Wellness Center, rehabilitation of former Reeb Elementary School into a new multi-purpose community center, new housing, and street repairs in a nine-block area at the southern end of the Parsons Avenue corridor. The recent sale of Columbus Castings represents potentially over 70 acres of prime real estate slated for commercial redevelopment. And of course, our redevelopment of the historic Engine House 14.