4th and 5th Project by Thrive Companies

Built on the corner of 4th Street and 5th Avenue in the Weinland Park neighborhood, this 3.5-acre mixed-use development will contain restaurant and retail spaces, premium apartments, and 189 public parking spaces.

Project Details

  • 4th and 5th will bring much-needed public parking to the heart of Weinland Park. Out of the 559 spaces being created for the 311 apartment units, 189 will be available to the public.
  • The development will include 2,000 sq. ft. of inline retail space and a 3,500 sq. ft. restaurant corner anchor space.
  • Amenities for the residential portion will include a 4,400 sq. ft. fitness center and a rooftop pool with 4,000 sq. ft. of entertainment space.

 

How We Helped
  • Alongside the City of Columbus and Thrive, we entered into a TIF Cooperative Agreement to help finance infrastructure and public parking 
  • Financing includes $6.3 million tax-exempt conduit bond plus over $800,000 of existing Weinland Park TIF District funds
  • Annual debt service between $220,000 and $250,000
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