Scioto Mile Destination District Mixed-Use Office & Lifestyle District Study & Developer Solicitation

The Columbus Downtown Development Corporation (CDDC) worked with Hunden Partners on the development of a mixed-use destination district (Project) on the Scioto Peninsula in Columbus, Ohio. The Project included 21 acres of developable land that may become home to up to one million square feet of a mix of uses, including office, residential, retail, restaurant, cultural attractions, and other uses. Hunden was contracted to perform a real estate market demand analysis and feasibility study for the mixed-use district to determine the highest and best mix of uses given what the market could support, as well as what the community needed to advance downtown and the submarket’s success.

Hunden analyzed the plan and projected the future results of all revenue streams. The full analysis included an economic and demographic analyses of the City, office, residential, hospitality and retail/restaurant market, downtown destination district trends and comparable profiles, recommendations, demand and financial projections, and an economic impact analysis.

Hunden then advised the CDDC on best practices to attract and structure a developer deal and completed a developer solicitation and selection process for Phase I of the Project.

Phase I of the development is underway, and will deliver modern office spaces, a premier hotel, resort-style residential living, and shopping and dining experiences. The $290-million Phase II of the Project will include an additional 150,000 square feet of Class A office space, 300 residential units, a hotel, and the eatery Pins Mechanical Co.