The Condominiums at North Bank Park is a tall residential

high rise A tower block, high-rise, apartment tower, residential tower, apartment block, block of flats, or office tower is a tall building, as opposed to a low-rise building and is defined differently in terms of height depending on the jurisdictio ...

at 300 W. Spring St. in the

Arena District The Arena District is a mixed-use planned development and neighborhood in Columbus, Ohio. The site was developed through a partnership between Nationwide Realty Investors, Ltd. (a subsidiary of Nationwide), the City of Columbus and private inves ...

just north of

downtown ''Downtown'' is a term primarily used in North America by English speakers to refer to a city's sometimes commercial, cultural and often the historical, political and geographic heart. It is often synonymous with its central business distric ...

Columbus, Ohio Columbus () is the state capital and the most populous city in the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest, after Chicago, and t ...

. It was constructed from 2006 to 2007 and has 20 floors and is one of the tallest structures in the city The building was developed by Nationwide Realty Investors, a development entity created by

Nationwide Insurance Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scott ...

which is headquartered nearby. Built as part of a development boom in the Arena District after the completion of

Nationwide Arena Nationwide Arena is a multi-purpose arena in Columbus, Ohio, United States. Since completion in 2000, the arena has served as the home of the Columbus Blue Jackets of the National Hockey League (NHL). It is one of two facilities in Columbus, alon ...

, the $50 million building has 100

condominium A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex ...

units and ground-floor parking built into a re-developed warehouse and attached glass residential tower. The building saw slow sales during the

Great Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At ...

but following economic recovery, additional development has continued around the building.

Background

The Condominiums at North Bank Park was envisioned as part of a larger development boom in the

, following the completion of

, which ultimately led to $1 billion in private investment in the neighborhood. Nationwide Arena, a development projected to cost $203.5 million, became the home of a Major League Hockey team, the

Columbus Blue Jackets The Columbus Blue Jackets (often simply referred to as the Jackets) are a professional ice hockey team based in Columbus, Ohio. They compete in the National Hockey League (NHL) as a member of the Metropolitan Division in the Eastern Conference, ...

and led to a surge in development in an urban area north of downtown Columbus that was formerly underdeveloped. Part of the plan for the 75-acre area of land called for large-scale

mixed-use development Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some ...

amid a larger push for urban revitalization in the city core. In the meantime, the Columbus metropolitan area population grew by 10.6 percent from 2000 to 2010. A master plan for the Arena District area called for substantial construction around Nationwide Arena and the nearby

Huntington Park Huntington Park is a city in the Gateway Cities district of southeastern Los Angeles County, California. As of the 2010 census, the city had a total population of 58,114, of whom 97% are Hispanic/Latino and about half were born outside th ...

. One component of this plan was for residential development to the south and along the

Scioto River The Scioto River ( ) is a river in central and southern Ohio more than in length. It rises in Hardin County just north of Roundhead, Ohio, flows through Columbus, Ohio, where it collects its largest tributary, the Olentangy River, and meets t ...

. Between 1999 and 2008, $374.6 million in private development was initiated in Arena District, and a 2008 study estimated the Arena District plan had led to $1 billion in total investment in the area. By 2014, the development of Arena District had created an area where about 1,000 people live and 14,000 people work.

Construction

The

tower was announced in February 2006, As initially planned, overall project was to include a redeveloped former warehouse building with ground-floor parking and 20 loft style condominium units, and an attached 88-unit, 20-story residential tower. Condominiums in the building were to range from 1,600 to 2,400 square feet, and prices were intended to range from $350,000 on lower-level units to prices over $1 million for those on higher levels. The building's developer, Nationwide Realty Investors, is a development affiliate of

which is headquartered several blocks away and which had developed Nationwide Arena and been a central figure in the Arena District plan. The 275,340 square foot building cost $50 million to construct. Messer Construction served as general contractor for the building of the tower. The completed tower opened in December 2007. Initially the building was to include 109 units, but the

and subsequent crash of the U.S. housing market slowed the sales at the property, and several units were combined and the overall number reduced to 100. Sales of condominium units in the building slowed considerably in 2008 before picking up again around 2014. Residential units sold for $348,000 to $2.9 million. The final unit in the development, a 1,960-square-foot "loft" condominium, sold in 2015 for $537,000. At , the tower is one of the tallest structures in Columbus, and also the most recently completed downtown high-rise development in the city. Once the project was largely completed, Nationwide Realty Investors commenced a "complementary but different" high-rise development, the 12-story Parks Edge Condominiums, to the east. These feature units from 1,500 to 3,200 square feet and priced from $427,000 to $1.34 million.

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