November 15, 2024 • 9 mins
Mark Somerson of Columbus Business First has a look at local business news including an update on the Golden Bear Shopping Center
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Good things are happening all over Central Ohio. Good business information,
good business news. Things are starting more than they're stopping.
And that is why I love talking to Mark Summerson
each and every week from Columbus Business.
Speaker 2 (00:10):
First.
Speaker 1 (00:10):
When I get a chance to be in here, Mark,
good morning, do you bring me good stuff?
Speaker 2 (00:14):
And Shock, good morning? How are you?
Speaker 1 (00:16):
As you can tell, I'm a little excited we do.
Speaker 2 (00:20):
It's a gorgeous morning, sort of.
Speaker 1 (00:23):
Sordi Kai, it's not pouring rain and it's not snowing,
and those two days work in our favor.
Speaker 2 (00:28):
So I love that it's not snowing yet. I'm not ready.
Speaker 1 (00:32):
Yeah, me either. Well, I said the other day, I
want snow. Like December twenty fourth, it should start to
snow heavily, and then December twenty sixth that should all
melt away exactly. Just go in the retail sectors here
in Central Ohio. Hopefully we'll be looking good. Lots of
things going on. We've got some other business news. Crawford
Hoying in the news. I want to make sure we
get a chance to talk about that, because I you
(00:55):
know that name you see all over the place. I
don't know many people even understand what they are, where
they are, who they are, and that kind of thing.
But the news I see about them generally is positive stuff,
and you're bringing us some more this morning.
Speaker 2 (01:08):
Well, Bridge Park, If you think of Bridge Park, you
have to think of Crawford Hoying. They're a development company
and they have built all sorts of things. They're in
all over central Ohio. But really they have transformed Dublin
into something special. This is, however, different than that. This
is big news in the development world because Crawford Hoying
is taking all over all property and construction management of
(01:31):
Kaufman properties. Kaufman, of course, is Brett Kaufman. He runs
a big development firming Columbus. His properties include Gravity, both phases, Greenhouse,
and the apartments at Leveck Tower, to name a few.
Over the last couple of months things have been happening
with Kaufman, including they put up the second phase of
Gravity up for sale. There's been lots of rumors about
(01:54):
what was going to happen with that, and now this
big news is that Crawford Hoying is taking all property
construction management. They're not going to own these things, but
they're basically going to take over managing all new projects
that Kaufmanent's having and current ones that they have in
their property management this Bret Coffin tells us that this
is a way that allows his team to stay focused
(02:16):
on our core business, and that's building communities and creating things,
not running them. And Crawford Hoying is going to work
with them on collaborative opportunities on future developments, but for
the meantime, they're taking over all the management and construction
and in their properties. So it is huge news in
the development world that these two entities have come together
(02:38):
to work together. We'll have to see what happens in
the future, but yeah, it's an exciting time for Crawford
Hoying because this puts another big notch in their belt
of something development wise in central Ohio. As for Kaufman
we're not sure what this means and what their future is,
but they say it's going to let them really focus
on building more projects in the future.
Speaker 1 (03:00):
Those that might get lost in the weeds of minutia
of everything you just heard. Here's the deal. It's a
big deal, is what it comes down to. Another big
deal some construction projects at Ohio State three billion seriously.
Speaker 2 (03:14):
Yeah, that we just checked in with Ohio State to
look at their construction. They've got a lot of projects.
Now we are just looking at their major capital projects.
These are projects that cost more than twenty million. They
have three billion dollars for two projects that go over
that twenty million dollar mark, and we went through each
(03:35):
one to catch up with people. They're overseeing more than
a one four hundred active construction and renovation projects with
an annual total budget of more than three billion dollars.
That's a lot. These smaller or these larger projects include
the Cannon Drive relocation, the Martha Morehouse facility improvement. That
one's fifty one million dollars. There's a lab renovation for
(03:57):
fifty million dollars. There's a heat and power plan. This
is things that people never think about at Ohio State,
but it's an infrastructure that really is needed. That's four
hundred and twenty million dollars. They have a battery sell
and research demonstration center at twenty two million dollars. And
of course there's a Wexner Medical Center impatient hospital that's
almost two billion dollars of its own. So yeah, this
(04:20):
is these projects are huge to oversee. Something like that.
All of those projects, fourteen hundred projects, the total three
billion dollars. I mean they're a city. They really are
a city in and of itself. And to manage all
these projects and make sure that they stay on time
and on budget, it just boggles the mind.
Speaker 1 (04:41):
Yeah, that's something you know, many people credit former Mayor
Sinsenbner with here in the City of Columbus, with the
way lines and boundaries were created, acquisitions and annexing to
make sure that the suburbs never became larger than the
City of Columbus. I don't know that they counted on
Ohio State becoming of the monolithm it's becoming.
Speaker 2 (05:00):
It really is a city, Like I said, I mean,
they keep pushing their boundaries. They own a lot of property.
Look at the Carmonton District over off of Lane Avenue
near Kenny. It is humongous and growing even faster. We
have another story about that and how its progress is going,
and how they're going to have a mixed use in
there with housing and other stuff. They're farms on along
(05:22):
Lane Avenue. They're building a research center out there. I mean,
it just stretches and stretches and they're building. Arm is humongous,
and you've got to give Ohio State credit for managing
all of those projects and making sure that they get
done on time. Like every other developer and construction manager
in town, there are a lot of things that can
slow you down, and over these past few years we've
(05:43):
seen a lot of that with interest rates, finding the
right construction crews, all of that, and they're managing all
of these projects. So it really does blow my mind
that they are able to do that much work.
Speaker 1 (05:54):
Yeah, it is Mark Summerson, by the way, on the
Legacytiremagroup dot com mines from Columbus Business. Columbus Business. First,
I'm looking over all the material that you've got going
on in this week's paper. This Golden Bear Shopping Center redevelopment,
I've always wondered, does Jack Like own it or was
that just a name? Is it a name licensing thing?
How does that? How is that Golden Bear thing hooked
(06:17):
up with him?
Speaker 2 (06:18):
It's always been called Golden Bear Shopping Center since it opened.
I mean it's there's no trademark on that, so they
can still call it the Golden Bear Shopping Center or
Golden Bear Center as they're going to call it. This
has been a long, long, gooing project and they still
have not gone vertical. I drive by it every week
or so and looked at it again. There's a huge
(06:39):
chain link fence around it. All properties have been torn
down except the McDonald's there. And this is on the
This is on thirty three and Fishing ger Road is
the way you can go and look at this thing.
It's a thirty seven hundred riverside drive. The Arcadia Development
which is trying to build this mixed use property there
with a ton of apartments and restaurant and all of that.
(07:01):
They've applied for a two point five million dollar transformational
mixed use development tax credit from the State of Ohio
to get this thing going. This is a big project.
The total project cost is about seventy million dollars and
they've asked for this state transformational money to continue with
the growth and a lot of companies do this and
a lot of developments do this. The state will award these,
(07:23):
I believe in January or February, and we'll have to
see if this project gets it right now it has
knock gone vertical. They had a delay of almost six
or seven months and they've had to put off opening
this until next year or twenty twenty six. They were
supposed to have this done in twenty twenty five, but
it's going to take longer now. But this money, if
(07:44):
they get this tax credit, will definitely help. But that's
a that's a big project to watch.
Speaker 1 (07:49):
It's a very awkward intersection too, just as far as
the estatia. Yeah, that beautiful water on one side, some
beautiful homes abutting the water on the other side. Then
you've got that shopping center, which has always kind of
felt a little awkward in its quarner, and then some
fast food hard to get in. I'd love to see
just an overvamp of that whole intersection because it could
be so much.
Speaker 2 (08:09):
It definitely will be. And you've seen this a lot
in Upper Arlington, a lot of strip malls and shopping
centers that used to be you know, in the nineteen
fifties and sixties. Those were a huge deal when they
were new, and they're being transformed, and this one certainly
will be transformed if this project continues. But just think
of Kingsdale. I mean, if you drive by the Kingsdale
(08:30):
shopping center, now everything has gone vertical where there used
to be a Lazarus and then a Macy's and all
of these smaller shops there were. Some of the smaller
shops are still there, but they have the community center,
They've got a senior living facility. It's all gone vertical
and everything around it. So you're seeing this change. And
of course the Lane Avenue Shopping Center has You know,
when I was a kid, that was definitely a strip mall,
(08:53):
and that's changed completely a number of times over the year.
Speaker 1 (08:56):
Lana Avenue Shopping Center is just I love it now.
That whole area feels good being up in. Yeah, before
I have to say goodbye to you, Mark Summerson, I
got to toll Kroger. I'm on an up and down
thing with them, but they are they're making a pretty
significant move here with this Jerome Village store.
Speaker 2 (09:10):
Yeah, that one is the Jerome Village is now open
on Sycamore Trace, just outside of Plain City. That was
the first net new Kroger store in the Central Ohio
market since two thousand and nine. But then they just
announced plans as soon as this one opened. They're building
one hundred and twenty three thousand square foot store at
seventy five twenty five Guardwell Street near Powell. It's going
(09:32):
to go up at the southeast corner of the intersection
of Home Road in Sawmill Parkway. So that's two net
new grocery stores by Kroger. They're investing an awful lot
in this community, and they said, you know, we know
where people are moving, we know where homes are being built,
and we know where our shoppers are. So to build
two new grocery stores in this short Mirria pound of
(09:54):
time after doing all of the renovations of the older stores,
that's a really big deal for them.
Good things are happening all over Central Ohio. Good business information,
good business news. Things are starting more than they're stopping.
And that is why I love talking to Mark Summerson
each and every week from Columbus Business.
Speaker 2 (00:10):
First.
Speaker 1 (00:10):
When I get a chance to be in here, Mark,
good morning, do you bring me good stuff?
Speaker 2 (00:14):
And Shock, good morning? How are you?
Speaker 1 (00:16):
As you can tell, I'm a little excited we do.
Speaker 2 (00:20):
It's a gorgeous morning, sort of.
Speaker 1 (00:23):
Sordi Kai, it's not pouring rain and it's not snowing,
and those two days work in our favor.
Speaker 2 (00:28):
So I love that it's not snowing yet. I'm not ready.
Speaker 1 (00:32):
Yeah, me either. Well, I said the other day, I
want snow. Like December twenty fourth, it should start to
snow heavily, and then December twenty sixth that should all
melt away exactly. Just go in the retail sectors here
in Central Ohio. Hopefully we'll be looking good. Lots of
things going on. We've got some other business news. Crawford
Hoying in the news. I want to make sure we
get a chance to talk about that, because I you
(00:55):
know that name you see all over the place. I
don't know many people even understand what they are, where
they are, who they are, and that kind of thing.
But the news I see about them generally is positive stuff,
and you're bringing us some more this morning.
Speaker 2 (01:08):
Well, Bridge Park, If you think of Bridge Park, you
have to think of Crawford Hoying. They're a development company
and they have built all sorts of things. They're in
all over central Ohio. But really they have transformed Dublin
into something special. This is, however, different than that. This
is big news in the development world because Crawford Hoying
is taking all over all property and construction management of
(01:31):
Kaufman properties. Kaufman, of course, is Brett Kaufman. He runs
a big development firming Columbus. His properties include Gravity, both phases, Greenhouse,
and the apartments at Leveck Tower, to name a few.
Over the last couple of months things have been happening
with Kaufman, including they put up the second phase of
Gravity up for sale. There's been lots of rumors about
(01:54):
what was going to happen with that, and now this
big news is that Crawford Hoying is taking all property
construction management. They're not going to own these things, but
they're basically going to take over managing all new projects
that Kaufmanent's having and current ones that they have in
their property management this Bret Coffin tells us that this
is a way that allows his team to stay focused
(02:16):
on our core business, and that's building communities and creating things,
not running them. And Crawford Hoying is going to work
with them on collaborative opportunities on future developments, but for
the meantime, they're taking over all the management and construction
and in their properties. So it is huge news in
the development world that these two entities have come together
(02:38):
to work together. We'll have to see what happens in
the future, but yeah, it's an exciting time for Crawford
Hoying because this puts another big notch in their belt
of something development wise in central Ohio. As for Kaufman
we're not sure what this means and what their future is,
but they say it's going to let them really focus
on building more projects in the future.
Speaker 1 (03:00):
Those that might get lost in the weeds of minutia
of everything you just heard. Here's the deal. It's a
big deal, is what it comes down to. Another big
deal some construction projects at Ohio State three billion seriously.
Speaker 2 (03:14):
Yeah, that we just checked in with Ohio State to
look at their construction. They've got a lot of projects.
Now we are just looking at their major capital projects.
These are projects that cost more than twenty million. They
have three billion dollars for two projects that go over
that twenty million dollar mark, and we went through each
(03:35):
one to catch up with people. They're overseeing more than
a one four hundred active construction and renovation projects with
an annual total budget of more than three billion dollars.
That's a lot. These smaller or these larger projects include
the Cannon Drive relocation, the Martha Morehouse facility improvement. That
one's fifty one million dollars. There's a lab renovation for
(03:57):
fifty million dollars. There's a heat and power plan. This
is things that people never think about at Ohio State,
but it's an infrastructure that really is needed. That's four
hundred and twenty million dollars. They have a battery sell
and research demonstration center at twenty two million dollars. And
of course there's a Wexner Medical Center impatient hospital that's
almost two billion dollars of its own. So yeah, this
(04:20):
is these projects are huge to oversee. Something like that.
All of those projects, fourteen hundred projects, the total three
billion dollars. I mean they're a city. They really are
a city in and of itself. And to manage all
these projects and make sure that they stay on time
and on budget, it just boggles the mind.
Speaker 1 (04:41):
Yeah, that's something you know, many people credit former Mayor
Sinsenbner with here in the City of Columbus, with the
way lines and boundaries were created, acquisitions and annexing to
make sure that the suburbs never became larger than the
City of Columbus. I don't know that they counted on
Ohio State becoming of the monolithm it's becoming.
Speaker 2 (05:00):
It really is a city, Like I said, I mean,
they keep pushing their boundaries. They own a lot of property.
Look at the Carmonton District over off of Lane Avenue
near Kenny. It is humongous and growing even faster. We
have another story about that and how its progress is going,
and how they're going to have a mixed use in
there with housing and other stuff. They're farms on along
(05:22):
Lane Avenue. They're building a research center out there. I mean,
it just stretches and stretches and they're building. Arm is humongous,
and you've got to give Ohio State credit for managing
all of those projects and making sure that they get
done on time. Like every other developer and construction manager
in town, there are a lot of things that can
slow you down, and over these past few years we've
(05:43):
seen a lot of that with interest rates, finding the
right construction crews, all of that, and they're managing all
of these projects. So it really does blow my mind
that they are able to do that much work.
Speaker 1 (05:54):
Yeah, it is Mark Summerson, by the way, on the
Legacytiremagroup dot com mines from Columbus Business. Columbus Business. First,
I'm looking over all the material that you've got going
on in this week's paper. This Golden Bear Shopping Center redevelopment,
I've always wondered, does Jack Like own it or was
that just a name? Is it a name licensing thing?
How does that? How is that Golden Bear thing hooked
(06:17):
up with him?
Speaker 2 (06:18):
It's always been called Golden Bear Shopping Center since it opened.
I mean it's there's no trademark on that, so they
can still call it the Golden Bear Shopping Center or
Golden Bear Center as they're going to call it. This
has been a long, long, gooing project and they still
have not gone vertical. I drive by it every week
or so and looked at it again. There's a huge
(06:39):
chain link fence around it. All properties have been torn
down except the McDonald's there. And this is on the
This is on thirty three and Fishing ger Road is
the way you can go and look at this thing.
It's a thirty seven hundred riverside drive. The Arcadia Development
which is trying to build this mixed use property there
with a ton of apartments and restaurant and all of that.
(07:01):
They've applied for a two point five million dollar transformational
mixed use development tax credit from the State of Ohio
to get this thing going. This is a big project.
The total project cost is about seventy million dollars and
they've asked for this state transformational money to continue with
the growth and a lot of companies do this and
a lot of developments do this. The state will award these,
(07:23):
I believe in January or February, and we'll have to
see if this project gets it right now it has
knock gone vertical. They had a delay of almost six
or seven months and they've had to put off opening
this until next year or twenty twenty six. They were
supposed to have this done in twenty twenty five, but
it's going to take longer now. But this money, if
(07:44):
they get this tax credit, will definitely help. But that's
a that's a big project to watch.
Speaker 1 (07:49):
It's a very awkward intersection too, just as far as
the estatia. Yeah, that beautiful water on one side, some
beautiful homes abutting the water on the other side. Then
you've got that shopping center, which has always kind of
felt a little awkward in its quarner, and then some
fast food hard to get in. I'd love to see
just an overvamp of that whole intersection because it could
be so much.
Speaker 2 (08:09):
It definitely will be. And you've seen this a lot
in Upper Arlington, a lot of strip malls and shopping
centers that used to be you know, in the nineteen
fifties and sixties. Those were a huge deal when they
were new, and they're being transformed, and this one certainly
will be transformed if this project continues. But just think
of Kingsdale. I mean, if you drive by the Kingsdale
(08:30):
shopping center, now everything has gone vertical where there used
to be a Lazarus and then a Macy's and all
of these smaller shops there were. Some of the smaller
shops are still there, but they have the community center,
They've got a senior living facility. It's all gone vertical
and everything around it. So you're seeing this change. And
of course the Lane Avenue Shopping Center has You know,
when I was a kid, that was definitely a strip mall,
(08:53):
and that's changed completely a number of times over the year.
Speaker 1 (08:56):
Lana Avenue Shopping Center is just I love it now.
That whole area feels good being up in. Yeah, before
I have to say goodbye to you, Mark Summerson, I
got to toll Kroger. I'm on an up and down
thing with them, but they are they're making a pretty
significant move here with this Jerome Village store.
Speaker 2 (09:10):
Yeah, that one is the Jerome Village is now open
on Sycamore Trace, just outside of Plain City. That was
the first net new Kroger store in the Central Ohio
market since two thousand and nine. But then they just
announced plans as soon as this one opened. They're building
one hundred and twenty three thousand square foot store at
seventy five twenty five Guardwell Street near Powell. It's going
(09:32):
to go up at the southeast corner of the intersection
of Home Road in Sawmill Parkway. So that's two net
new grocery stores by Kroger. They're investing an awful lot
in this community, and they said, you know, we know
where people are moving, we know where homes are being built,
and we know where our shoppers are. So to build
two new grocery stores in this short Mirria pound of
(09:54):
time after doing all of the renovations of the older stores,
that's a really big deal for them.
Popular Podcasts
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy And Charlamagne Tha God!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Decisions, Decisions
Welcome to "Decisions, Decisions," the podcast where boundaries are pushed, and conversations get candid! Join your favorite hosts, Mandii B and WeezyWTF, as they dive deep into the world of non-traditional relationships and explore the often-taboo topics surrounding dating, sex, and love. Every Monday, Mandii and Weezy invite you to unlearn the outdated narratives dictated by traditional patriarchal norms. With a blend of humor, vulnerability, and authenticity, they share their personal journeys navigating their 30s, tackling the complexities of modern relationships, and engaging in thought-provoking discussions that challenge societal expectations. From groundbreaking interviews with diverse guests to relatable stories that resonate with your experiences, "Decisions, Decisions" is your go-to source for open dialogue about what it truly means to love and connect in today's world. Get ready to reshape your understanding of relationships and embrace the freedom of authentic connections—tune in and join the conversation!