$70 Million Major Mixed-Use Redevelopment
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1 $70 Million Major Mixed-Use Redevelopment Over 123,500 SF Retail Space Over 1,000 Parking Spaces (Garage & Surface) Over 22,000 Cars Per Day - Ackerman Rd 264 Units / 368 Beds Nearly 150,000 Households within 5 miles OSU 3rd Largest Campus in US
2 OLENTANGY RIVER RD...redevelopment of University City Center is a capstone to redevelopment in the corridor. -Dave Anderson (University Village/Homestead) PROPERTY HIGHLIGHTS Adjacent to Ohio State Campus Numerous major hotels within one mile including Hilton, Hampton, Marriott, Holiday Inn Estimated 336,318 population within 5 miles LEASE RATE Lease Rates: $32-$45 per SF NNN 596,849 +/- SF - Gross Area Building Total 123,519 +/- SF - Commercial 205,951 +/- SF - Residential (floors 2-6) 1,000 +/- Parking Spaces (Garage & Surface Lot) SIZE Construction Start Date: January 2018 Est. Completion Date: June 2019 TRAFFIC COUNTS The University City Shopping Center is a located on over 9 acres adjacent to the northern edge of The Ohio State University campus. The redevelopment of the shopping center includes a 6-story building with commercial/retail spaces on the first level and 264 units filling the upper levels with a new parking garage. Once completed, the total project will bring over 400 new residents to the area. University Village Apartments has 1,950+ students living directly behind the redevelopment. OhioHealth Riverside Methodist Hospital to the north recently completed a $9 million expansion of the Nationwide Children s Hospital Newborn Intensive Care Unit (NICU). The site is within minutes of The Shoe, OSU Wexner Medical Center, The James Cancer Hospital, and Jerome Schottenstein Center. Neighboring communities in addition to campus are Short North, Bethel Corridor, Upper Arlington, Grandview and Downtown Columbus. Retailers will have exceptional visibility on Olentangy River Rd and Ackerman Roads. The shopping center is located in a high traffic area with over 22,000 ADT on Ackerman. Over 1,000 parking spaces total both garage and surface spots combined. There are an estimated 145,763 households within 5 miles and Outparcels include McDonald s, Raising Canes, Applebees, PNC Bank, and Sunoco Gas Station. Todd Schiff tschiff@rweiler.com Ackerman Rd & Defiance Dr - Over 22,000 ADT Stephen Tucker stucker@rweiler.com KEY DEMOGRAPHICS POPULATION Current Estimated Population 336, Projected Population 356, Census Population 315,007 HOUSEHOLDS Current Estimated Households 145, Projected Households 154, Census Households 137,288 INCOME 2016 Average Household Income $67,377 Household Income >$50, % ANNUAL SPENDING 2016 $3,467,246 * Within a 5 mile radius of the site FOR MORE INFORMATION ABOUT RETAIL OPPORTUNITIES, PLEASE CONTACT: Alex Marsh amarsh@rweiler.com
3 PRELIMINARY SITE PLAN ACKERMAN ROAD RETAIL 1 2,903 SF UP PARKING LEVEL 1 GROCERY 48,397 SF OPTIONAL TENANT SEPARATION LOCATIONS UNIVERSITY VILLAGE HARLEY DRIVE DEFIANCE DRIVE RETAIL 2 24,530 SF RETAIL 3 7,064 SF RETAIL 4 5,785 SF 1/10TH MILE PATH OLD ACKERMAN ROAD APPLEBEE'S RAISING CANES McDONALD'S 550 TOTAL LOT SPACES GAS STATION OLENTANGY RIVER ROAD PNC BANK J. EDWARD WEAVER MEMORIAL DRIVE SUNOCO * These drawings are preliminary site plans. Subject to change. PARKING LOT APPLEBEE'S 48
4 1ST FLOOR RETAIL PLAN GROSS AREA Level Area 1ST FLOOR 176,264 SF 2ND FLOOR 78,417 SF 3RD FLOOR 115,256 SF 4TH FLOOR 115,256 SF 5TH FLOOR 55,828 SF 6TH FLOOR 55,828 SF BUILDING TOTAL 596,849 SF NOTE: AREAS APPROXIMATE RESIDENTIAL TRASH RETAIL TRASH COMMERCIAL SUMMARY Parking Req'd Type Area GROCERY 48,397 SF 194 GROCERY BOH 34,839 SF 139 RETAIL 1 2,903 SF 12 RETAIL 2 24,530 SF 98 RETAIL 3 7,064 SF 28 RETAIL 4 5,785 SF ,519 SF 494 APPLEBEE'S 5,752 SF 33 MCDONALD'S 5,037 SF 29 RAISING CANE'S 3,770 SF 22 14,559 SF 83 COMMERCIAL TOTAL 138,078 SF 577 PARKING REQUIRED = 1 SPACE/250 SF RESIDENTIAL SUMMARY GROCERY TRASH Parking Req'd Type Area Count Beds 1 BR 72,238 SF BR 108,194 SF STUDIO 25,519 SF RESIDENTIAL TOTAL 205,951 SF PARKING REQUIRED = 1.5 SPACES PER UNIT PARKING LOT APPLEBEE'S 48 MCDONALD'S 29 RAISING CANES SURFACE LOT 406 SURFACE LOT - ADA GRAND TOTAL 513 FINAL COUNTS TBD PARKING GARAGE COMMERCIAL P1 88 P1 - ADA 2 90 RESIDENTIAL P1 - ADA 2 P2 121 P2 - ADA 2 P2 - EV 15 P3 121 P3 - ADA 2 P3 - EV 15 P4 109 P4 - ADA 2 P4 - EV TOTAL 494 CYCLE COUNT P1 - BICYCLE 35 SURFACE LOT - 39 BICYCLE 74 RETAIL TRASH U C C BERA A ALL THE ARRANG PROPER ARCHITECT REPRODUC? RETAIL 1 2,903 SF 496 SF RETAIL PARKING 92 SPACES 1,138 SF UP GROCERY BOH 34,839 SF TRASH ROUTE RETAIL 2 24,530 SF 1,052 SF BIKE STORAGE 626 SF PARKING LEVEL 1 39,979 SF RESIDENTIAL PODIUM ABOVE GROCERY 48,397 SF OPTIONAL TENANT SEPARATION LOCATIONS OPTIONAL DRIVE-THRU PHARMACY TRASH ROUTE DATE: PROJECT 8/29/2017 2:28:46 PM RESIDENTIAL PODIUM ABOVE LOBBY 3,038 SF RETAIL 3 7,064 SF PRELIMINARY 1ST FLOOR 1" = 50'-0" * These drawings are preliminary floor plans. Subject to change. RETAIL 4 5,785 SF PRE FLO SD
5 1ST FLOOR GROCERY LOBBY PLAN 8/30/2017 3:55:19 PM PARKING LEVEL 1 39,979 SF TRASH 473 SF MECH ELEV. 147 SF RESTROOM PACKAGE 3' - 6" 14' CLR. STAIR C 211 SF RESTROOM MAIL ELEVATOR LOBBY 5' - 0" STUDY ROOMS 11' CLR. RETAIL 2 24,530 SF 12' CLR. RETAIL 3 7,064 SF BUSINESS CENTER 10' CLR. 14' CLR. WAITING AREA 14' CLR. RESIDENT LOUNGE & COFFEE BAR RENTAL OFFICE LOBBY 3,038 SF LOGO WALL FILES / WORK AREA 10' CLR. VESTIBULE RECEPTION 10' CLR. 1ST FLOOR MAIN LOBBY 1/8" = 1'-0" S 8/30/2017 3:55:22 PM SD-101.L MAIN LOBBY - 1ST PROJECT #: DATE: 2017/05/10 SD THE ARRANGEMENTS DEPICTED HEREIN ARE THE SOLE PROPERTY OF BERARDI + PARTNERS, INC., ARCHITECTS AND ENGINEERS, AND MAY NOT BE REPRODUCED WITHOUT ITS WRITTEN PERMISSION. * These drawings are preliminary floor plans. Subject to change BY: BERARDI + PARTNERS, INC. ARCHITECTS AND ENGINEERS ALL RIGHTS RESERVED Olentangy River Road Columbus, Ohio University City Center
6 2ND - 3RD FLOOR APARTMENTS PLAN PRELIMINARY 2ND FLOOR PRELIMINARY 3RD FLOOR * These drawings are preliminary floor plans. Subject to change.
7 4TH - 5TH FLOOR APARTMENTS PLAN PRELIMINARY 4TH FLOOR PRELIMINARY 5TH FLOOR * These drawings are preliminary floor plans. Subject to change.
8 The University City Shopping Center 5TH - 6TH FLOOR LOBBY/APARTMENTS PLAN UNIT D 1,181 SF University City Center STAIR A Olentangy River Road Columbus, Ohio DECK STORAGE 390 SF UNIT B BY: BERARDI + PARTNERS, INC. ARCHITECTS AND ENGINEERS ALL RIGHTS RESERVED THE ARRANGEMENTS DEPICTED HEREIN ARE THE SOLE PROPERTY OF BERARDI + PARTNERS, INC., ARCHITECTS AND ENGINEERS, AND MAY NOT BE REPRODUCED WITHOUT ITS WRITTEN PERMISSION UNIT B 642 SF WET DECK PRELIMINARY 5TH FLOOR MAIN LOBBY WET DECK POOL UNIT C 974 SF UNIT A 515 SF AMENITY DECK 12,512 SF SD UNIT C 976 SF DECK GRILL + BAR FITNESS 1,683 SF PROJECT DATE: R.R. 302 SF TV TV R.R. 302 SF UNIT B 649 SF JAN. TV TV PROJECT #: GAME ROOM / BAR 2,377 SF 2017/05/ MAIN LOBBY 5TH TV THEATER MEETING UNIT B 646 SF STAIR C ELEV. SCREEN SCREEN 295 SF SHAFT 823 SF LOBBY 337 SF UNIT B 649 SF UNIT A 525 SF UNIT C 987 SF UNIT A 525 SF UNIT C 1,006 SF UNIT B 648 SF UNIT D 1,214 SF UNIT D 1,214 SF SD-105.L UNIT C 986 SF PRELIMINARY 6TH FLOOR * These drawings are preliminary floor plans. Subject to change.
9 COMMERCIAL BUSINESSES NEARBY OSU CAMPUS The Shoe Downtown Columbus OSU Wexner Medical Center The James Cancer Hospital The Schottenstein Center Medical Campuses Riverside Hospital OSU Wexner Medical Center The Horseshoe OSU Football Stadium The University City Shopping Center Jerome Schottenstein Center The Ohio State University Campus Ackerman Library University Village Apartments Studies & Demographics Student count at OSU Traffic Counts Foot Traffic Nearby Short North Bethel Corridor Upper Arlington Downtown Canterbury Apartments OhioGastro Ohio Endo OhioHealth Riverside Methodist Hospital
10 COMMERCIAL CORRIDORS NEARBY OhioHealth Riverside Methodist Hospital N Downtown District Arena District Franklinton Hotel/Retail Corridor Short North Grandview Heights University Village Apartments OLENTANGY RIVER ROAD The Ohio State University Campus The Ohio State University Campus ACKERMAN ROAD The University City Shopping Center University District The University City Shopping Center Schottenstein Center N < 0.5 mile from Hotel Corridor < 1 mile from Riverside Methodist Hospital 0.75 mile to Schottenstein Center 1 mile to Clintonville < 0.5 mile from University District 1.25 miles to The Shoe Stadium 3 miles to Short North 3.5 miles to Arena District 4 miles to Downtown Columbus Click Here for relevant article: Hotels lead revival along the river road corridor
11 DEMOGRAPHIC SUMMARY DEMOGRAPHICS & TRAFFIC COUNTS Demographic Summary Report Clintonville University City Shopping Center University City Olentangy River Rd, Columbus, OH Building Type: General Retail University Upper District Total Available: 14,750 SF Arlington Secondary: - % Leased: 88.71% Grandview Short North GLA: 130,600 SF Rent/SF/Yr: $13.73 Downtown Year Built: 1961 Radius 1 Mile 3 Mile 5 Mile Population 2021 Projection 15, , , Estimate 14, , , Census 14, , ,007 Growth % 5.16% 5.95% Growth % 3.29% 6.77% 2016 Population by Hispanic Origin 523 5,108 14, Population 14, , ,318 White 10, % 124, % 231, % Black % 17, % 77, % Am. Indian & Alaskan % % 1, % Asian 2, % 9, % 16, % Hawaiian & Pacific Island % % % Other % 3, % 9, % U.S. Armed Forces Households 2021 Projection 7,539 70, , Estimate 7,182 66, , Census 7,142 65, ,288 Growth % 5.34% 6.02% Growth % 2.48% 6.17% Owner Occupied 1, % 29, % 67, % Renter Occupied 5, % 37, % 78, % 2016 Households by HH Income 7,183 66, ,763 Income: <$25,000 2, % 19, % 44, % Income: $25,000 - $50,000 1, % 14, % 32, % Income: $50,000 - $75,000 1, % 10, % 23, % Income: $75,000 - $100, % 7, % 15, % Income: $100,000 - $125, % 4, % 9, % Income: $125,000 - $150, % 3, % 6, % Income: $150,000 - $200, % 3, % 6, % Income: $200, % 3, % 7, % 2016 Avg Household Income $52,479 $72,190 $67, Med Household Income $37,728 $50,064 $45,426 TRAFFIC COUNT SUMMARY Traffic Count Report Building Type: General Retail Secondary: - GLA: 130,600 SF Year Built: 1961 Total Available: 14,750 SF % Leased: 88.71% Rent/SF/Yr: $13.73 University City Shopping Center Olentangy River Rd, Columbus, OH Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 Ackerman Rd Defiance Dr 0.03 E ,399 MPSI.11 2 Ackerman Rd Defiance Dr 0.06 NW ,034 MPSI.17 3 Ackerman Rd Moody Jackson Pky 0.48 W ,503 MPSI.17 4 Ackerman Rd Fred Taylor Dr 0.01 S ,261 AADT.18 5 Fred Taylor Dr Ackerman Rd 0.04 N ,468 AADT.21 6 Ackerman Rd Fred Taylor Dr 0.04 E ,984 AADT.22 7 W Dodridge St Neil Ave 0.42 E ,761 MPSI.32 8 W Dodridge St Neil Ave 0.41 E ,389 AADT.34 9 Ackerman Rd Moody Jackson Pkwy 0.08 W ,974 MPSI Riverview Dr Riverview Cir 0.12 W ,148 AADT.36
12 OHIO STATE CAMPUS STATS Enrollment (Autumn 2016) Columbus Campus Total University Total 59,482 66,046 Men 29,977 33,036 Women 29,505 33,010 Undergraduates 45,831 52,349 Graduate students 10,483 10,529 Professional students 3,168 3,168 Ohioans 41,428 47,942 Non-Ohioans 18,054 18,104 Foreign students 6,437 6,446 Students with Disabilities* 2,239 Veteran Students 1,308 *Self-identified students whose disability has been documented based on OSU standards. Information from The Ohio State University Statistical Summary The University City Shopping Center Enrollments, Largest Public U.S. Universities (Autumn 2015) Texas A&M University, College Station 63,813 University of Central Florida, Orlando 62,953 Ohio State University, Columbus Campus 58,663 Arizona State University, Tempe 51,984 University of Texas, Austin 50,950 Information from The Ohio State University Statistical Summary Employees (Autumn 2016) FTE Headcount Total 34, ,063 Regular Tenure Track Faculty 2, ,788 Regular Clinical Faculty 1, ,343 Regular Research Faculty Associated Faculty 2, ,835 Admin & Prof Staff 18, ,027 Civil Service Staff 4, ,010 Student Employees 4, ,954 Information from The Ohio State University Statistical Summary
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