COLUMBUS, Ohio, September 16, 2009 — Columbus, Ohio-based Nationwide Realty Investors (NRI) has announced the first tenants for Phase I of its $500 million mixed-use Grandview Yard project in Grandview Heights (Columbus), Ohio. NRI President and COO Brian J. Ellis made the announcement.
“We are pleased to be moving to the next stage of this project and to announce M +A Architects, Urban Active, Hyatt Place and Jason’s Deli as our first tenants in Phase I,” said Ellis. NRI will also be constructing a 509-space parking garage.
M+A Architects, a full-service architectural firm, will design and occupy a portion of a new, three-story, 92,000 square-foot class-A office building. Based in Columbus, Ohio, M + A provides design and sustainable solution services for a wide range of project types including office, residential, retail, hospitality and mixed-use.
Jason’s Deli will open a 4,875 square-foot restaurant in the first floor of the office building. Jason’s has opened more than 200 stores in 26 states since 1976. Jason’s was recently named one of the healthiest restaurants in the nation by Health Magazine.
Urban Active will open in a two-story, 42,000 square-foot, state-of-the-industry facility. “This dynamic brand has quickly become the industry standard of excellence with its energy-filled environment, focus on the latest equipment and technology, and depth and breadth of classes and programs,” said Ellis. “Urban Active will serve as an outstanding amenity for our office and retail tenants as well as the local neighborhood.”
“Hyatt Place will be a great fit at Grandview Yard,” said Ellis. “With our close proximity to the nation’s largest science and technology lab (Battelle), The Ohio State University and its Medical Center, and dozens of other community and business ‘engines,’ this is the right location for this best-in-class product.” The Grandview Yard Hyatt Place will be six stories and include 126 rooms.
Located on the former Big Bear warehouse site and encompassing more than 80 acres, NRI’s Grandview Yard will include 1.5 – 2 million square feet of commercial space, including a significant retail component, restaurants, office, and more than 600 residential (condo and apartment) units. New community parks and significant infrastructure improvements are also included in the master plan.
Grandview Yard is a joint venture owned and developed by NRI and Capital Square. NRI will begin construction on Phase I of Grandview Yard this Fall.
NRI is the real estate development affiliate of Nationwide Mutual Insurance Company and the developer of the $750 million, mixed-use Arena District in Columbus, Ohio. Directly and through joint ventures, NRI owns more than $1 billion in real estate investments.