Columbia Square with Upscale Retail and Residential Real Estate
Amy August 12th, 2007
The new Columbia Square will be located at the corner of Delta Avenue and Columbia Parkway in the Heart of Columbia Tusculum and has a projected cost of $24 million dollars. There will be four total buildings that comprise Columbia Square. Three of these buildings will be located on the south east corner of Delta Avenue and Columbia Parkway, near the Precinct and the Junior League of Cincinnati, both of which will remain in their current buildings. The fourth building will be on the north west corner of the intersection. This project is planned to take almost 10 years to complete in two phases. This development projects are to add 160 full-time jobs to the Columbia Tusculum and Cincinnati Communities that surround it.From what we know in the community and on the Neyer Development Website , the City and Neyer are planning eight acres of mixed use office, residential and retail space. There will be 50,000 square feet of Class A office space, 25,000 square feet of retail shopping, and 60 Upscale residential units in two separate phases and 6-12 luxury town homes. The development will also include off street parking for shoppers, residents and employees.
This type of rebirth in the Columbia Tusculum area with retail and office space will create a greater demand for housing within walking distance to the development, thus boosting the already solid return on investment of Residential Real Estate in Columbia Tusculum. Now, like it’s neighbors of Hyde Park, Oakley and Mt. Lookout, Columbia Tusculum will join in the economic boost of having a square that residents can walk to. We have seen in the other bordering areas that the housing values are stronger when Residents have squares with dining, shopping and entertainment in walking distance. I will enjoy educating potential buyers of Real Estate in Columbia Tusculum of the great benefits of Columbia Square.
What are the current demographics of Columbia Tusculum?
Slightly more than 3,000 residents live within the one square mile of Columbia-Tusculum. The neighborhood has approximately 1,500 housing units and many families with young children.
What types of housing can I find in Columbia Tusculum?
Contemporary or historical, single families, condos or double-deckers, many of Columbia-Tusculum’s homes have a common element-their vibrant colors-straight out of a box of Crayola Pastels. The “Grand Old Painted Ladies” are Victorian gingerbread homes with 3, 4, 5 or even 8 different colors! Many of the area’s older homes are perfect opportunities for restoration with their ornamental front porches, hardwood floors, solid structures and high ceilings. Add mature trees, well-manicured lawns and rolling hills, and you’ve stirred up a recipe sure to charm even the most critical home shopper.
Want to buy a home in Columbia Tusculum before the prices SKYROCKET?
Contact Amy about finding a great painted lady!
- Columbia Tusculum , Listing , Value
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