The Finance Authority issued a $2.1 million revenue bond through its Central Ohio Bond Fund program for public infrastructure associated with its second phase of the Edwards Companies’ One Neighborhood development project. This is the Finance Authority’s second financing for the One Neighborhood development downtown.
The One Neighborhood project is a residential development in downtown Columbus bounded by Gay, Long, Fourth, and Grant Streets. Phase One consisted of 74 condominium units. Phase Two includes two five-story apartment buildings with 262 units and a 170 space parking garage. Additionally, 33 condominium units will be built. The total private investment is $32 million.
“The Finance Authority’s continued partnership with the Edwards Companies on its Neighborhood Launch residential development in downtown is a win-win. This quintessential urban development turns surface parking and old dilapidated buildings into a vibrant neighborhood in the heart of the city. We are proud to be a part of the financing team.” Jean Carter Ryan, President of the Finance Authority