Metropolitan keeps building - Business First of Columbus:

glafirarynyxu.blogspot.com
, which has builr apartments in the area between Grandview Heights andUppefr Arlington, plans to sell condows at its four-story Metropolitan project for $300,000 to Principal Matthew Vekasy said the developer worked with to creat a contemporary look for the project, but one that fits with the oldef residences on Northwest Boulevard and commercial properties on West Thirr Avenue. "We really studied the neighborhood," Vekashy said. "We picked up a lot of colorsw from the window mullions and the brick colors were pullexd offother buildings." The project will include 33 parking slots and a ground-floor lobby.
Vekast said the shape of the one-third-acre site promptedd the creation of three circular unitsa at one end of the buildinhand wedge-shaped units on the other The fourth-floor circular residence will have 15-foot-hign ceilings rising to 21 feet over a centraol kitchen, he said. The Metropolitan is the seventh residentialk project for Vekasy in the area between Grandview Heights and Upper Arlingtonsince 1998. In he built the 32-unit Drayton Court on Chambers Road. That rental complex is filled.
Other developeras also have tapped the Northwest Boulevard area for has the fifth ofits eight-building Boulevard Greenn townhouse project under constructioh on Northwest between Chambers and Nortg Star roads. Four of the 30 townhousex have been sold at an averagedof $250,000. The developer also has an eight-condi complex set for 1200 Grandview Ave., north of West Firsrt Avenue. Developer J. Daniel Schmidt's affiliatre is nearing completion of 16 to 20 units at the Heightw of Grandview condo complex at West Third andGrandview Avenue. The first of those unitxs sold earlier this monthfor $610,600.
Schmidtt said sales were "brisk," with buyers makiny commitments on more than half the which beginat $400,000. A few he said, will combine units and pay morethan $1.5 Most of the buyers, he said, are adults who no longef have children at home and are movin from residences in Upper Arlington and Grandview "The people interested in the project are from the northwesty area who want all the advantages of being in a trulgy urban setting with the restaurants and coffee shops," Schmidt said. Many of the salesd have come this month, about the time Cityspacer opened up itscondo model.
"You can't depend on pre-sales to make a projectf like that go," Schmidt "You have to build it." Vekasy said the Heights of as well as projects such as the Parkvieew Condominiums in Victorian Village show developers can sell urban living at high The Metropolitan, he said, aims to dip into the pool of professionalas residing in nearby apartments and the area's empty-nesterds to find buyers. Those residents, he want to stay close to the Grandview Avenud retail andentertainment district.
"They don't have to go downtownb to find that typeof (high-end) product," Vekasy