Council President Ginther Welcomes High Street Development
August 9, 2013
Release Immediately
Contact:
Lisa Hinson
614.416.7100
[email protected]
The Daimler Group and Kaufman Development Collaborate on
High Street Office, Residential and Retail Project:
New High Rise Building at Columbus Commons Represents $50 Million
Investment in Downtown Columbus
[Columbus, OH] – The Daimler Group and Kaufman Development
announced today the joint development of the first new ground-up high rise to
be built in the central core of downtown since the mid-1980s at Columbus Commons.
The $50 million project will consist of street level retail development
fronting High Street with 156 luxury apartments and 136,000 square feet of
Class A office space on the upper levels.
Construction of the 12-story building, known as 250 High, will begin
late November 2013 and will be completed by early 2015.
“Years ago, we laid out a vision of Downtown as a vibrant
neighborhood with residents, retail, dining and nightlife, and today this
vision is becoming a reality,” Mayor Michael B. Coleman said. “I want to thank
Kaufman Development and The Daimler Group for their partnership and leadership
in building a great Downtown for our residents, visitors and businesses.”
“Columbus Commons and the area surrounding the park have
become the centerpiece of our vibrant downtown,” said Columbus City Council
President Andrew J. Ginther. “The development of 250 High not only increases
the number of people living and working downtown, but also adds a retail
component to this area that will help take our urban core to the next level.”
250 High will be a high rise building with cutting-edge
design inspiration, roof top amenities, and easy access to Columbus Commons and
the 200+ events and gatherings held there annually. Similar to other Kaufman
residential developments, 250 High will offer a high design downtown experience
that focuses on creating a community that is engaged in wellness, philanthropy,
innovation and sustainability. This
“community building” approach created in other Kaufman Developments in central
Ohio will also include the employees of the office tenants in the building.
“Partnering with Kaufman Development on this project is a
great thing as both firms are bringing specific expertise and shared passion
for enhancing downtown,” said Bob White, Jr., President of The Daimler Group,
Inc. “The rapid success of the redevelopment of the Columbus Commons, led by
Capitol South, is very compelling and we’ve wanted to be a part of executing
the strategic vision for that area of downtown.”
“This site possesses the right ingredients for successful
urban office development,” White continued.
“250 High will have connected parking, large efficient floor plates that
reflect how companies work today, municipal incentives, sustainable features,
and an abundance of walkable amenities in a vibrant downtown setting.”
“We are excited to have two premier developers like Daimler
and Kaufman work together on a mixed-use development at Columbus Commons,” said
Guy Worley, President/CEO of Capitol South, the owner of the land. “Demand for downtown housing and office is
strong and this is another example of how the creation of greenspace like
Columbus Commons serves as a catalyst for private investment.”
“We are excited about being able to bring our partnerships
in the community and our dense programming in these areas to both the
residential and now the office development space,” said Brett Kaufman, CEO of
Kaufman Development.
About Daimler Development:
Founded in 1983, The Daimler Group is consistently
recognized as an industry leader in commercial real estate development and
construction management, constructing and developing over 17 million square
feet with a development value in excess of $2 billion in the Central Ohio
market. The cornerstone of Daimler’s
corporate philosophy is the creation of the best possible real estate solution
for their clients. To implement this philosophy, Daimler has assembled a staff
of talented, experienced real estate professionals with a team-oriented,
success-driven delivery model.
Daimler has been recognized for its keen ability to identify
and leverage emerging markets, specializing in build-to-suit facilities
including corporate headquarters; healthcare facilities, including inpatient
and medical offices; mixed-use, residential development, and retail.
About Kaufman Development:
Kaufman Development was established by Brett Kaufman in 2011
as a full-service real estate firm offering investment, construction,
development and management of multi-family, mixed use and residential
development. Kaufman Development properties feature innovative design with
highly visible, iconic architecture with high-end finishes. Kaufman Development
properties offer a community living concept built around wellness,
philanthropy, sustainability and innovation.
Wellness events are offered including yoga and spinning
classes, personal training, and culinary classes. Philanthropic efforts include
serving the homeless, volunteering at animal shelters, and organized community
events through philanthropic partner BESA. Sustainability at Kaufman
Development goes beyond energy-efficient appliances and homes and includes
preserving the natural world with community gardens and recycling programs at
each of their properties. Partnering with
BESA, The Community Shelter Board, Fitness Navigators, Columbus College of Art
& Design and Battelle, Kaufman Development has been able to push the design
envelope from business incubators to housing entrepreneur-in-residence.
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