Columbus Downtown Development Corporation (CDDC)

Cddc continues with the implementation of the 2010 strategic business plan developed with community input and promulgated by the mayor and city council. These efforts include the renovation of a former Downtown department store into premier office and retail space, Development of Downtown parks through the oversight of the scioto mile park and the scioto greenways project, the construction of a new national veterans memorial and museum and the Development of the Downtown scioto peninsula. In november 2018, cddc's subsidiary sp holdings entered into separate purchase, sale and Development agreements with three developers for Development sites on scioto peninsula property the Corporation and sp holdings are leasing from the city. See schedule o.the sales of these sites were completed in september 2020. The developers of the phase 1 office, hotel and residential sites started construction in 2021. The phase 1 office site opened in 2022, while the residential and hotel sites are expected to open in 2023.planning and Development of the remaining components of the scioto peninsula master plan will continue into 2023 and beyond.in response to a priority identified by the city of Columbus, cddc acquired .72 acres of land at 497 east town street in Downtown Columbus in february 2021. Cddc is developing a 98 unit affordable and workforce housing project, topiary park crossing, on the site. The project is being funded through a commercial real estate loan, grants from the city of Columbus and capitol south and an equity investment from the Corporation. Construction of the facility started in 2022. The facility is expected to open in fall of 2023.in 2021, the city of Columbus requested cddc to lead the Development of a new Downtown strategic plan. Cddc engaged consultants and has scheduled a series of public forums in 2022 in order to receive input from Downtown stakeholders and the general public. The final plan was issued in late 2022. Implementation of the 2022 Downtown strategic plan will continue into 2023 and beyond.in 2022, cddc and the city of Columbus entered into a grant agreement which provided cddc the funding for the purchase of the Downtown ymca and the purchase or renovation of other real property assets in Downtown Columbus. Cddc entered into a purchase and sale agreement for the ymca in october 2022, with closing of the purchase expected to be completed in early 2023.