The Peninsula
The Peninsula, led by the Columbus Downtown Development Corporation, broke ground in September. When complete, The Peninsula will be an 18-hour, mixed-use neighborhood with up to 1,800 residential units, 2 million square feet of office space, and 400 hotel rooms developed over the next 10 to 15 years. The river-fronting project offers acres of parks and community greenspaces, bike trails, and easy river access for kayaking and canoeing. And it’s all adjacent to downtown amenities.
Phase I will include components of each of the mix of uses: a resort hotel, apartments, and Class A office space.
CFFA supported the project with a $7.22 million New Community Authority and Tax Increment Financing-backed infrastructure bond for funding public roads and utilities. Capital lease structures, resulting in construction materials sales tax exemption, were provided for three Phase I projects: the 329-unit apartment complex built by an affiliate of Flaherty & Collins; the 231,000 sf office building constructed by a Daimler Group affiliate; and the 197-room hotel developed by a Rockbridge Capital affiliate.
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