In The News: Grove City’s Beulah Park to gain new condo units, commercial building as part of $500M development’s latest phase
Grove City’s Beulah Park to gain new condo units, commercial building as part of $500M development’s latest phase
By John Bush, Columbus Business First
New condo units and a commercial building are coming to a sprawling Grove City development, bringing additional housing and amenities to a massive property that already boasts a variety of residential options.
Beulah Park, a 220-acre development off Southwest Boulevard near the heart of Grove City, is a former racetrack that is being converted into a mixed-use complex by local developer Falco, Smith and Kelley. The $500 million project broke ground in May 2019. Elements completed since then include an apartment complex, a Danbury senior living community and an OhioHealth medical office building, which are centered around a 32-acre park. Three single-family neighborhoods also are under construction at Beulah Park.
The new townhome units, called The Strand at Beulah, are being constructed in separate two- and three-story buildings that extend along the southern border of the development near the park and a dedicated conservation area. The Strand will eventually include 66 units averaging approximately 1,500 square feet. Each unit comes with a one- or two-car garage, keyless entries, custom cabinets, granite countertops, appliances and balconies with views overlooking the park.
In addition to the developer, the $17 million project has several partners. Craig W. Murdick Architect Ltd. designed the condos specifically for the site; Townsend Construction is the builder; The Union Bank Co. is the lender; and Oakwood Management Co. is the property manager.
“What makes the townhomes particularly attractive is their exclusivity within Beulah Park, and incomparable views overlooking the central park and conversation area,” Beulah Park developer Pat Kelley said. “We anticipate strong demand as this product provides a new alternative to the Grove City market.”
Demand already is high for the apartments and single-family homes at Beulah Park. The 384-apartment complex is 96% occupied, a 103-unit single-family neighborhood is sold out, and the 52-unit first phase of another single-family development also is sold out. The senior living community is seeing strong demand as well, with 30 villas planned to accommodate a wait list for the property.
In addition to the residential components, Beulah Park is slated for its first retail development. Dubbed The Shoppes at Beulah, the 15,000-square-foot building is being constructed at the intersection of Columbus Street and Southwest Boulevard. It will sit on 3.3 acres that are part of a larger, 12.3-acre parcel eyed for additional commercial development. It is also adjacent to the OhioHealth medical building.
The building is designed for activation on all four sides and will be pedestrian-friendly, according to the developer. That added to the cost, but Kelley said it was necessary to achieve the type of development they wanted for Beulah Park.
“We felt (it) was important to complement the Beulah Park redevelopment and higher-end demographic,” he said.
Prospective tenants for The Shoppes include a 4,400-square-foot restaurant, a 3,000-square-foot real estate office, a hair salon, a pizzeria and a bakery. Kelley said deals are still being finalized, so tenants could not be named at this time. However, he said announcements on a couple of those tenants are expected to be made in the near future.
The $5.5 million project is being financed by Civista Bank, built by Construction One and designed by Ford & Associates Architects Inc. It’s expected to break ground in the first quarter of this year.