The project will consist of two buildings: a renovated existing historic building facing Broad Street, and a new, adjacent eight-story building that faces Grant Avenue. Located just steps away from the Columbus Museum of Art, the development will offer more than 100 housing units, parking spaces and 13,000 square feet of office, retail, and amenity space. Designed with affordability in mind, the living units are anticipated to be priced between 60% and 120% of area median income (AMI), with an average of 80% AMI. The site will host a homegrown branded coffeeshop and reservable, walk-up workspaces in an energetic atmosphere for residents and visitors alike. The unit mix will include efficiency, one-bedroom, two-bedroom and some three-bedroom apartments ideal for professionals with families.
The Columbus-Franklin County Finance Authority supported the project with a 40-year capital lease.
Construction of the project began March 2021 and is expected to be completed by December 2022.
“What makes Vera on Broad special is that it will play a critical role in filling a specific gap in housing affordability in Downtown Columbus, while contributing to the vibrancy and rich architectural footprint of the surrounding neighborhood.” Diana Turoff, President & CEO of Finance Fund
© 2023 Columbus-Franklin County Finance Authority