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Office vacancies climbed more than 5% in six of the top 25 US markets this year, according to CommercialEdge. Sale prices, meanwhile, dropped again, down 9% from the average price in 2023.
The project would add 94 apartment units, 47,000 square feet of office space, a 4,000-square-foot café on the first floor, and a pool above an entrance to underground parking. The café is proposed to span from Front Street to Civic Center Drive, helping to activate the latter to pedestrians.
The market currently occupies an adjacent building, with the project site utilized as a 130-space surface parking lot. [1] The 32-story building will be a $292 million, 700,000-square-foot (65,000 m 2) mixed-use development. It will include 174 residential units, event space, and 65,000 square feet (6,000 m 2) of office space.
In 1982, Westland was enclosed, and a north entryway was added with space for additional tenants. [2] The upper floor of Sears was closed to customers and converted into office space for their in-house credit card, Discover, in October 1987. A Chi-Chi's restaurant opened at the mall's north entryway in the fall of 1987. Woolworth closed in ...
In 2005, the building was sold again to Finsilver/Friedman Management Corp. for $8.5 million. At the time of the sale, the building remained about a third empty. The new building owner committed to substantial upgrades to the tower to keep it competitive. The renovations helped it land some smaller tenants in the office space. [44]
The James A. Rhodes State Office Tower is a 41-story, 629-foot (192 m) state office building and skyscraper on Capitol Square in Downtown Columbus, Ohio. The Rhodes Tower is the tallest building in Columbus and the fifth tallest in Ohio .
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