Aerial photo showing Stringtown Road development site, Columbus, OH
COLUMBUS, OH—Alpha Partners, a commercial real estate company that develops, invests and operates multifamily and select retail opportunities, is redeveloping a 4.9-acre lot on Stringtown Road, the first major entry point into the south side of Columbus, OH.
Part of the main retail corridor for Grove City, OH, 1849 Stringtown Road is a high-visibility location with easy access to I-71. The site is ready for a small strip center and will potentially include a drive-through quick-serve restaurant. Additionally, the Days Inn located in the rear of the parcel will be rehabilitated from the inside out.
“Perhaps not the kind of property typically viewed as hip or cutting-edge, we see this area on Stringtown Road as a 'Welcome Mat' into Columbus with a ton of potential—it's a great creative real estate deal story,” says Avi Abroms, managing partner, Alpha Partners. “The site offers investment opportunity that will not only serve the community's daily needs, but also mark the spot that appropriately introduces tourists, businesspeople and newcomers into the historic—yet growing and evolving—midwestern urban area.”
The immediate area surrounding Stringtown Road is expecting continued population growth over the next five years as job creation continues to expand.
Alpha Partners has completed other similar upgrade deals throughout the Midwest and is also currently renovating and leasing the 128-year old, historic Zettler Hardware Building at 101 E. Main St. in downtown Columbus' Red Brick District.
UPDATE, 3/12/2019, 12:39 p.m.: The aerial photo accompanying this article has been updated with a revised version provided by the developer. An earlier version of this story used an image that did not indicate a planned residential development near the K-Mart store near the upper left corner of the image.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
