The Haslam Sports Group and the Edwards Family, Columbus Crew SC's investor-operators, announced Monday the creation of a joint venture for the commercial development of the Confluence Village in downtown Columbus.
The joint venture, which includes The Pizzuti Companies, well develop the land next to the Crew's new stadium that is scheduled to open in July 2021.
“We are thrilled to partner with one of the leading Central Ohio development firms that brings the wealth of experience that Pizzuti possesses,” said Josh Glessing, Vice President, Strategy for Haslam Sports Group. “They have a long history of developing projects in Columbus and share our vision to complement the Arena District in a way that will spur further investment and advance the City’s Workforce Housing priorities. We remain on schedule for a July 2021 opening of the new Crew stadium and this joint venture is one of the final pieces of the Confluence Village project. This development will be a year-round destination, and Workforce Housing will be an important component of the residential piece.”
The Crew and Pizzuti will work to transform the surrounding area that has been vacant for decades. The first phase of the project will include office, other commercial, non-office, residential and green space.
A news release from the Crew said a key element of the joint venture includes a commitment to develop residential units that meet city workforce sousing standards to better serve the Columbus community and support the work of the city of Columbus' Department of Neighborhoods and Development.
As part of the project, 20 percent of the 440 new housing units will be workforce affordable.
“We are excited to have Pizzuti on board with this project that will bring hundreds of jobs to the area at a critical time,” Columbus Mayor Andrew J. Ginther said in the release. “Pizzuti has been a great partner to dozens of Columbus projects and understands the need for creating mixed-income neighborhoods.”
The Crew said additional details regarding the residential component of the development will be announced in the near future.