- CASTO TO LEASE RETAIL PORTION OF THE VIEW ON FIFTH
- Wednesday, April 30, 2014
- Columbus, OH —
State Street Capital Realty, an independent brokerage of CASTO, announced today its recent listing for the retail portion of The View on Fifth, located at Holly and Fifth Avenue in the Grandview area of Columbus. The developer of the project is JSDI Celmark, Ltd., whose principals are Jerry Solove and Mike Balakrishnan. Agents for State Street Capital Realty are leasing associates Chad Hamrick and Sydney Federer.
The View on Fifth is being developed as a mixed-use six-story project which will include 25,000 square feet of retail shops and restaurants, a free standing 6-story parking garage, and 285 luxury, 1, 2, 3 and 4 bedroom apartment residences. Retailers will be provided with exceptional visibility and access. The retail will have dedicated, structured parking, and easy access within what is a very walkable community, in a trade area that has been proven to provide among the highest of sales per square foot within the SMSA in dining and personal services.
Residential amenities, for primarily empty nesters and millennials, will be plentiful, including cutting edge community spaces, a 24/7 fitness facility, comfortable meeting rooms and gathering areas, and an all-weather outdoor amenity deck with a swimming pool and hot tub, fire pits, grills, seating and dining areas.
State Street Capital Realty (CASTO) was easily our preferred 3rd party brokerage to lease the retail portion of The View on Fifth, because of their strong retail relationships, and their depth of expertise in the Columbus market area as well as with national and regional retailers and restaurants, said Jerry Solove.
Our brokerage had always been very selective regarding our listing arrangements. We feel strongly that that the combination of the developer and the location will make this a great development for the Grandview market, commented Chad Hamrick, listing agent for the project.
Construction is underway for The View on Fifth. The retail shops will be available for occupancy in time for opening to the public in July 2015. For a quick look at the project, visit www.theViewonFifth.com.
ABOUT JSDI CELMARK, LTD
JSDI Celmark, Ltd. is a joint venture between the development companies of two Central Ohio developers, Jerry Solove and Mike Balakrishnan. Together, Solove and Balakrishnan have developed more that 5 million square feet of commercial real estate.
JSDI Celmark, LTD. creates solutions that satisfy the needs of communities, area residents, and property owners. The company focuses on creating buildings under The View brand, that set precedence in quality, often serving as catalysts for further economic development. The company structures high quality, privately held real estate investments. Other projects under development include a 172 bed mixed use student housing project (www.theViewonHigh.com) adjacent to The Ohio State University, as well as a 166 unit multifamily project in Austin, Texas (www.theViewatCedarParkTownCenter.com).
CASTO, a fully integrated real estate organization based in Columbus, Ohio since 1926, is a recognized leader in the ownership, management, 3rd party brokerage, tenant representation, acquisition and development of commercial shopping centers and multi-family residences. CASTOs portfolio currently includes over 23 million square feet of shopping centers and apartment communities located primarily throughout the Midwestern and southeastern United States. CASTO currently has more than three million square feet of retail in development. To learn more about CASTO, visit www.castoinfo.com.
ABOUT STATE STREET CAPITAL REALTY
State Street Capital Realty is a full-service brokerage group located in Columbus, Ohio with retail listings in excess of 8.4 million square feet ranging from 5,000 s.f. buildings to over 500,000 s.f. retail centers. The group operates under the banner CASTO and also specializes in retail land development and select tenant representation, as well as retail center dispositions.
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