Three developers chosen for reboot of $250M Scioto Peninsula

Columbus Downtown Development Corp., “the master developer” for the $250-million Scioto Peninsula project, has chosen Columbus companies Daimler Group and Rockbridge and Indianapolis-based Flaherty & Collins to “start the development with strength,” Columbus Business First reports. Amy Taylor, COO of the development corp., said the firms have “extensive experience in this kind of development,” according to the article. 

Daimler Group is the “third-largest commercial real estate developer in the city,” with projects such as 80 on the Commons and 250 S. High St. mid-rises. Easton-based hotel developer Rockbridge “has invested in more than 240 hotels in 38 states with more than $7.8 billion in transaction value. Rockbridge CEO Jim Merkel said, “the amount of investment made in the riverfront and Franklinton gave us the opportunity to create a whole neighborhood in the heart of a vibrant, growing city.” Flaherty & Collins “has been a specialist in urban infill projects for years”; its residential component is “designed to match COSI and many other projects in the area.” For more, read the full article.

Economic Development, State Updates