Gravity Project to Bring Residential and Commercial Opportunities to Franklinton

The Gravity Project in Franklinton

  • The Gravity Project, located at 500 West Broad Street, is a six-story building that includes multi-family residential, office, retail and restaurant space
  • The development will create a unique work/life experience for visitors and residents in Franklinton
  • The Columbus-Franklin County Finance Authority issued $52 million in lease revenue bond

The project will catalyze further development in Franklinton Redevelopment in Franklinton has been a top priority in our community, and as the business environment becomes more robust, the community is in the process of revitalization. The Gravity Project, located at 500 West Broad Street, is bringing a modern edge to the East Franklinton neighborhood. A mixed-used development, the highly-anticipated six-story building will have 240 multi-family units, 50,000 square feet of offices and 30,000 square feet of retail and restaurant space. As you may have read in Columbus Business First, the Gravity Project will help transform Broad Street into a bustling residential and commercial district, creating a diverse experience for both locals and visitors alike. Numerous features, such as a community garden, food truck court and outdoor movie pavilion, allow the project to engage the community while also creating a unique work/life experience.

“Working in partnership with the private and public sectors on the redevelopment of Franklinton is an endeavor the Finance Authority is proud to be a part of. The Gravity Project, a large residential and commercial development project on West Broad Street, will have significant spin off helping to revitalize the impoverished neighborhood. The Finance Authority worked with Kaufman Development to structure a capital lease, lowering their cost of capital. We hope to be involved in more projects like this in the Franklinton District.” said Jean Carter Ryan.

The Columbus-Franklin County Finance Authority is committed to advancing Central Ohio’s economic health, and offers several programs, like capital lease options, to propel the community forward. By helping local projects get off the ground through our competitive and creative financing options, we’re able to facilitate economic activity, capital investment and job creation and retention in Central Ohio.

The Finance Authority would like to thank our transaction partners, DiPerna Advisors and Roetzel & Andress, for their assistance on the financing.

If you’re interested in how we can partner on your next opportunity, feel free to reach out to us at [email protected], call 614.429.0177 or visit our website at