Capital University selects developer for Bexley Main Street property

Continental Real Estate Cos. “is under contract to buy about 3 acres” on Bexley’s Main Street from Capital University, the current site of the Trinity Lutheran Seminary Apartments, Columbus Business First reports. Frank Kass of Continental “is proposing a mixed-use project with 219 apartments, 9,000 square feet of ground floor retail and 12,000 square feet of office space” as well as “a parking structure with about 300 spaces” for the site between Bexley City Hall and Bexley Gateway, according to the article. Kass said the project “will be similar to what he’s doing in Upper Arlington at the Arlington Gateway and Kingsdale projects.” The sale is not yet closed, and the “project still has to go through processes with the city of Bexley to get plans and zoning approved.” Kass said he is “working with the city and schools to potentially get tax increment financing [TIF] to help build the parking garage.” For more, read the full article (subscription may be required). 

Economic Development, Financial Incentives