Columbus Market - The Center for Competitive Intelligence

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Columbus:
Profile & Recommendations
TABLE OF CONTENTS CCID RECOMMENDATIONS .............................................................................................................................. 1-­‐2 COMMERCIAL & RETAIL ................................................................................................................................................................ 1 MULTI-­‐FAMILY .............................................................................................................................................................................. 1 PROPERTY DEVELOPERS ............................................................................................................................................................... 2 TOP COUNTIES IN COLUMBUS MSA .............................................................................................................................................. 2 COLUMBUS PROFILE .............................................................................................................................................. 3 POPULATION ................................................................................................................................................................................... 3 TOP GCS ........................................................................................................................................................................................ 3 Commercial and Retail ............................................................................................................................................................ 4 Multi-­‐family .................................................................................................................................................................................. 4 TOP PROPERTY DEVELOPERS ....................................................................................................................................................... 5 COLUMBUS MSA TRENDS ..................................................................................................................................... 5 COUNTY PROPERTY TAX GROWTH RATE ..................................................................................................................................... 5 MULTI-­‐FAMILY GROWTH .............................................................................................................................................................. 6 REFERENDUMS/BOND MEASURES ........................................................................................................................................... 6-­‐7 ASSISTED SENIOR LIVING REQUIREMENTS ................................................................................................... 8 ATTACHMENT A ............................................................................................................................................... 9-­‐11 ATTACHMENT B ............................................................................................................................................. 12-­‐15 ATTACHMENT C ............................................................................................................................................. 16-­‐17 ATTACHMENT D ............................................................................................................................................. 18-­‐19 PINNACLE CCID RECOMMENDED COMPANIES TO CONTACT & COLUMBUS MSA COUNTIES TO WORK IN Pinnacle CCID has identified the following General Contractors and Property Developers for (NAME OF COMPANY) to contact in the Columbus market, as well as the recommended Counties in the Columbus MSA to pursue work in. These findings are based off of the following: • General contractor and property developer company size • Total building permits applied for by leading general contractors, as found through public records requests in the counties in the Columbus MSA • Population, property tax revenue growth, and recent tax increases/bond issues/referendums in each county General Contractors Commercial & Retail Rank Company 1 Corna Kokosing 2 Continental Building Systems 3 Ruscilli Construction 4 Elford Development, Ltd. 5 Turner Construction 5 Renier Construction Website www.corna.com www.continental-­‐
buildingsystems.com www.ruscilli.com www.elford.com Phone 614-­‐901-­‐8844 614-­‐221-­‐1818 614-­‐876-­‐9484 614-­‐488-­‐4000 www.turnerconstruction.com www.renier.com 614-­‐984-­‐3000 614-­‐866-­‐4580 Website www.lifestylecommunities.com www.mcrservices.com www.elford.com Phone 614-­‐882-­‐2500 614-­‐421-­‐0860 614-­‐488-­‐4000 www.rockfordconstruction.net www.mmbuildings.com 614-­‐785-­‐0015 614-­‐487-­‐7744 Multi-­‐family Rank 1 2 3 4 5 Company Lifestyle Communities MCR Services, Inc. Elford Development, Ltd. Rockford Construction Miles-­‐McClellan Construction 1 Property Developers Rank Daimler Group Inc. Company Columbus Type Commercial, Multi-­‐
family, Retail Westerville Multi-­‐family DRK & Company Realtors (Metro Development LLC) Kaufman Columbus Multi-­‐family Development Schottenstein Real Columbus Multi-­‐family Estate Group The Woda Group, LLC Westerville Multi-­‐family Website www.daimlergroup.com www.drkmetro.com www.livekaufman.com www.sregroup.com www.wodagroup.com Top Counties in Columbus MSA Rank County 1 Franklin 2 Delaware 3 Licking 4 5 Fairfield Union Trends Impacting Ranking Population, passage of $842 million bond package in Columbus in 2013, passage of $6 million annual tax levy increase for education in Upper Arlington Population, passage of levy increases for infrastructure projects in 2013 Population, property tax revenue trends, passage of levy increase for education projects in 2013 Property tax revenue trends Property tax revenue trends 2 COLUMBUS PROFILE Columbus MSA Population: 1.944 million County Population: County Population Franklin Delaware Licking Fairfield Pickaway Union Madison Perry Morrow Hocking 1,196,000 181,061 167,537 147,474 56,399 52,715 43,053 36,015 34,938 29,273 Major Cities: Columbus, Delaware, Newark, Lancaster, Dublin, Gahanna, Grove City, Westerville, Upper Arlington TABLES AND CHARTS The following tables and charts represent CCID findings for the following: • Identified General Contractor’s building permit history • Identified Property Developers • Property tax revenue history for the counties in the Columbus metro area • Relevant referendums and bond measures that indicate positive growth potential in the Columbus metro area Top GCs by Permit Permits Issues CCID identified 35 general contractors who have worked in the Columbus area. For a complete list of identified companies, see Attachment A. For a complete list of projects completed by these companies in Columbus in the past five years, see Attachment B. To narrow down the list of recommended contacts, CCID cross referenced the companies listed in Attachment A with building permit type and valuation records from the counties in the Columbus Metro area for 2012 and 2013. The following charts represent the findings from these cross-­‐references, with the top 5 companies listed. For a complete list of permits issued in 2012 and 2013, see Attachment C. 3 Commercial and Retail – Total Permits Issued The chart below lists the number of commercial and retail building permits issued in the Columbus MSA by the top General Contractors identified in 2012 and 2013. NOTE: Commercial and Retail permits were combined due to Franklin County and Columbus not distinguishing between the two in their records. 20 18 16 14 12 10 8 6 4 2 0 2012 2013 Multi-­‐family The chart below lists the number of commercial and retail building permits issued in the Columbus MSA by the top General Contractors identified in 2012 and 2013. 35 30 25 20 2012 15 2013 10 5 0 Elford Development, Ltd. Lifestyle Comunities MCR Services, Miles-­‐McClellan Rockford Inc Construction Construction 4 Top Property Developers The chart bellows lists the top property developers in Columbus for 2012, according to Columbus Business First. For a full listing of property developers in Columbus, see Attachment D. Company Location Type Website Phone Daimler Group Inc. Columbus Commercial, Multi-­‐
family, Retail www.daimlergroup.com 614-­‐488-­‐4424 DRK & Company Realtors (Metro Development LLC) Westerville Multi-­‐family www.drkmetro.com 614-­‐540-­‐2404 Kaufman Development Columbus Multi-­‐family www.livekaufman.com 614-­‐299-­‐9200 Schottenstein Real Estate Group Columbus Multi-­‐family www.sregroup.com 614-­‐418-­‐8900 www.wodagroup.com 614-­‐396-­‐3200 The Woda Group, LLC Westerville Multi-­‐family Columbus MSA Trends County Property Tax Growth Rate The table below lists the property tax revenue trends for the counties in the Columbus MSA for 2009-­‐2012. All counties, with the exception of Franklin, Delaware, and Hocking, have seen increases since 2009. However, bond measures in Franklin and Delaware County signal that these figures should increase when revenue is collected for 2013. County 2009 2010 2011 2012 Franklin $381,888,000 $400,475,000 $403,171,000 $382,667,000 Delaware $20,933,000 $25,273,000 $25,354,000 $24,374,000 Licking $177,012,430 $188,707,858 $190,708,410 $190,461,182 Fairfield $19,320,675 $22,947,834 $22,783,868 $23,023,666 Pickaway $48,104,027 $49,409,931 $54,890,776 $57,311,733 Union $12,255,948 $12,286,580 $12,627,158 $13,028,939 Madison $40,730,272 $41,412,892 $43,782,821 $44,958,883 -­‐-­‐-­‐ -­‐-­‐-­‐ -­‐-­‐-­‐ -­‐-­‐-­‐ Perry Morrow $5,266,964 $5,139,863 $5,760,849 $5,901,382 -­‐-­‐-­‐ -­‐-­‐-­‐ Hocking $5,204,895 $4,785,669 5 Multi-­‐family Growth: 2007-­‐2012 Data from the U.S. Census Bureau shows that multi-­‐family development in the Columbus MSA declined during the recession but has recovered significantly since 2011, signally a potential for growth in this area going forward. 2007 2008 2009 2010 2011 2012 2013* Total 181 101 93 86 164 167 137 Facilities With 5+ Units Valuation $94 $81 $77 $60 $103 $268 $188 (in Millions) *Through August Referendums/Bond Measures Seven (7) counties in the Columbus area passed bond measures or property tax increases in the 2013 election cycle, signaling a willingness to spend by each county and a willingness by the citizens to pay for more services: Franklin, Delaware, Licking, Fairfield, Union, Madison, and Morrow. Ballot Measure Description So What FRANKLIN COUNTY City of Columbus Allows the city of Columbus to Voters in Columbus have Bond Package acquire, construct, renovate and agreed to a $842 million improve infrastructure for the dollar bond package, following departments: signaling an improving economy as citizens are • Public Safety willing to pay more in ($52 million) taxes to pay for • Parks & Recreation improvement through ($123 million) the bond package • Public Service ($220 million) • Public Utilities ($445 million) Upper Arlington Increase of property tax levy to More funding for City Schools Levy raise $6 million per-­‐year for education facility upgrades, new programs and teachers 6 Ballot Measure DELAWARE COUNTY Concord Township Road Levy Delaware Township Road Levy LICKING COUNTY North Fork Schools Levy FAIRFIELD COUNTY Millersport Village Levy UNION COUNTY Marysville Schools Levy MADISON COUNTY Madison-­‐Plan Schools Levy MORROW COUNTY Congress Township Roads Levy Cardington-­‐
Lincoln Schools Income Tax Gilead Township Roads Levy Description So What Temporary increase in property tax levy to fund construction and maintenance of roads and bridges Temporary increase in property tax levy to raise $310,070 for road maintenance Increase in property tax levy to improve school facilities More funding for infrastructure Renewal of tax levy to raise $258,000 over 5 years Renewal of tax levy for school district More funding for operational expenses More funding for education Renewal of tax levy for 5 years to raise $340,732 for school district More funding for education Increased tax levy to pay for road maintenance More funding for infrastructure .75% earned income tax increase to pay for school district operations Increased tax levy to pay for road maintenance More funding for education More funding for infrastructure More funding for education More funding for infrastructure 7 Assisted Living/Senior Living Requirements The state of Ohio does not have any “license of occupancy” or population-­‐based bed requirement that must be met before developers can build a new assisted living/senior living development. 8 ATTACHMENT A Columbus MSA General Contractors Company Location Work Done Website Phone Advanced Development Inc. Columbus Commercial, Retail www.advanceddev.com 614-­‐527-­‐7069 Arlington Construction Columbus Retail www.arlingtonconstruction.com 614-­‐299-­‐2990 Breton Avenir Columbus Retail www.bretonavenir.com 614-­‐344-­‐4843 Claggett & Sons, Inc Newark Commercial www.claggett.net 740-­‐366-­‐5241 Construction One, Inc. Continental Building Systems Continental Real Estate Companies Corna Kokosing Construction Company (Affiliate of Kokosing Construction Company, Inc) Columbus Commercial, Retail 614-­‐235-­‐0057 Columbus Columbus Commercial, Retail Commercial, Multi-­‐
family, Retail www.constructionone.com www.continental-­‐
buildingsystems.com www.continental-­‐realestate.com 614-­‐221-­‐1800 Westerville Commercial, Retail www.corna.com 614-­‐901-­‐8844 Daimler Group, Inc. Columbus Commercial, Retail www.daimlergroup.com 614-­‐488-­‐4424 Dublin Building Systems Dugan & Meyers Construction Services Dublin Retail www.dublinbuilding.com 614-­‐889-­‐1445 Columbus www.dugan-­‐meyers.com 614-­‐846-­‐2826 Elford Development, Ltd. Columbus Commercial Commercial, Multi-­‐
family, Retail www.elford.com 614-­‐488-­‐4000 614-­‐221-­‐1818 9 Company Location Work Done Website Phone Gilbane Building Co. Westerville Commercial, Retail www.gilbaneco.com 614-­‐948-­‐4000 Gioffre Companies, Inc. Dublin Commercial www.gioffrecompanies.com 614-­‐764-­‐0032 Columbus Multi-­‐family, Retail www.hccliving.com 614-­‐221-­‐3504 Columbus Commercial, Retail www.hanlinrainaldi.com 614-­‐436-­‐4204 Igel Columbus www.igelco.com 614-­‐445-­‐8421 Lifestyle Communities Columbus www.lifestylecommunities.com 614-­‐882-­‐2500 Lincoln Construction, In. Columbus www.lincolnconstruction.com 614-­‐457-­‐6015 MCR Services, Inc. Columbus www.mcrservices.com 614-­‐421-­‐0860 Messer Columbus Commercial, Retail Commercial, Multi-­‐
family, Retail Commercial, Multi-­‐
family, Retail Commercial, Multi-­‐
family, Retail Commercial, Multi-­‐
family www.messer.com 614-­‐275-­‐0141 www.mmbuildings.com 614-­‐487-­‐7744 www.pizzuti.com 614-­‐280-­‐4000 www.renier.com 614-­‐866-­‐4580 www.ricop.com 614-­‐444-­‐1070 Hallmark Campus Communities Hanlin Rainaldi Construction Miles-­‐McClellan Construction Columbus Pizzuti Columbus Renier Construction Ricop Construction Co., Inc. Columbus Columbus Commercial, Multi-­‐
family, Retail Commercial, Multi-­‐
family Commercial, Multi-­‐
family, Retail Commercial, Multi-­‐
family, Retail 10 Company Location Work Done Website Phone Rockford Construction Columbus Multi-­‐family www.rockfordconstruction.net 614-­‐785-­‐0015 RSI Columbus www.rsibuilds4u.com 614-­‐885-­‐9707 Ruscilli Construction Columbus Retail Commercial, Multi-­‐
family, Retail www.ruscilli.com 614-­‐876-­‐9484 Setterlin Columbus Commercial, Retail www.setterlin.com 614-­‐459-­‐7077 Shaffer Construction Smoot Construction Columbus Columbus www.shafferconstruction.com www.smootconstruction.com 614-­‐488-­‐4681 614-­‐253-­‐9000 Turner Construction Columbus www.turnerconstruction.com 614-­‐984-­‐3000 Williamson Builders Inc. The Woda Group, LLC Plain City Westerville Commercial, Retail Commercial Commercial, Multi-­‐
family, Retail Commercial, Multi-­‐
family, Retail Multi-­‐family www.williamson-­‐builders.com www.wodagroup.com 614-­‐873-­‐3090 614-­‐396-­‐3200 11 ATTACHMENT B Top General Contractor’s Reported Projects Company Advanced Development Arlington Construction Location Columbus Columbus Columbus Columbus Grove City Lewis Center Construction One, Columbus Inc. Columbus Columbus Columbus Continental Building Columbus Systems Columbus Columbus Columbus Columbus Continental Real Columbus Estate Companies Corna Kokosing Columbus Construction Columbus Company Columbus Dublin Upper Arlington Daimler Group, Inc. Dublin Columbus Project Little Dreamers Day Care K-­‐Studio Dance Boston Market Sun Center Donatos Pizza Burger King Cracker Barrel Johnny Buccelli’s Lakeshore Learning Store Panera Bread URS Building Creekside at the Village Easton Commons Cap at Union Station Market at Polaris The Hillard Gateway Type Retail Retail Retail Retail Retail Retail Retail Retail Retail Retail Commercial Multi-­‐family Multi-­‐Family Retail Retail Commercial, Multi-­‐family, Retail DSW Home Office Easton Town Center The Office of Easton Station Delta Energy Corporate HQ The Shops of Lane Avenue BMI Credit Union Corporate Office NBBJ Corporate Office Commercial Commercial, Retail Commercial Commercial Retail Commercial Commercial 12 Company Dublin Building Systems Dugan & Meyers Construction Services Elford Development, Ltd. Gioffre Companies, Inc. Lifestyle Communities Lincoln Construction, Inc. Location Dublin Westerville Columbus Columbus Columbus Plain City Dublin Columbus Columbus Columbus Westerville Delaware Powell Dublin Worthington Westerville Project Avery Shops Shops at Westar Time Warner Cable Regional HQ Cranel Inc. HQ Azia Oriental Rugs C&A Harley-­‐Davidson Leo Alfred Jewelers 1800 Watermark Huntington Center State Office Tower II National City Bank Glennwood Commons Liberty Crossing Friendship Village of Dublin Willow Brook Christian Home Progressive Medical, Inc. Type Retail Retail Commercial Commercial Retail Retail Retail Commercial Commercial Commercial Retail Retail Retail Multi-­‐family Multi-­‐family Commercial Canal Winchester Columbus Dublin Gahanna New Albany Dublin Columbus Columbus Columbus Delaware LC the Greene LC Annex LC Paddock LC Preserve Crossing LC New Albany Park The Shoppes at River Ridge Fiesta Lanes Retail Center Graceland Shopping Center Greenlawn Homes HQ Greif, Inc. World HQ Multi-­‐family Multi-­‐family Multi-­‐family Multi-­‐family Multi-­‐family Retail Retail Retail Commercial Commercial 13 Company MCR Services, Inc. Location Columbus Project Rumpke Type Commercial Messer Dublin IGS Energy Corporate HQ Commercial Miles-­‐McClellan Construction Pizzuti Columbus Radio One Corporate HQ Commercial The Offices at the Joseph Miranova Prescott Place Colonial Office Village Honeywell Victorian Gate Wildwood Village Apartments Festival at Sawmill Sofa Express Commercial, Retail Commercial, Multi-­‐family, Retail Multi-­‐family Commercial Commercial Multi-­‐family Multi-­‐family Retail Retail Polaris Place Springwood Luxury Apartments Ingelwood Court Elim Estates Dogwood Glen KFC Taco Bell Grady’s Krispy Kreme Macaroni Grill Multi-­‐family Multi-­‐family Multi-­‐family Multi-­‐family Multi-­‐family Retail Retail Retail Retail Retail Columbus Columbus Columbus Renier Construction Gahanna Dublin Columbus Columbus Dublin Ricop Construction Columbus Co., Inc. Rockford Columbus Construction Westerville Columbus Columbus Columbus RSI Columbus Columbus Columbus Columbus Columbus 14 Company Location Ruscilli Construction Dublin Columbus New Albany Upper Arlington Columbus Setterlin Dublin Columbus Shaffer Construction Columbus Columbus Columbus Columbus Columbus Turner Construction Columbus Columbus Project Emerald Professional Building McGraw Hill HQ Shops at Walton Parkway Arlington Pointe Benchmark Apartments Jimmy John’s Setterlin HQ Mitchell’s Steakhouse Rusty Buckets Telhio Credit Union Diamond Cellar Pizza Cottage Wendy’s Corporate HQ Nationwide Blvd. Office Building Type Commercial Commercial Retail Commercial, Retail Multi-­‐family Retail Commercial Retail Commercial Commercial Commercial Retail Commercial Commercial 15 ATTACHMENT C Permits Issued by General Contractors in 2012 and 2013 Commercial and Retail Company Advanced Development Inc. Arlington Construction Breton Avenir Claggett & Sons, Inc Construction One, Inc. Continental Building Systems Corna Kokosing Construction Company (Affiliate of Kokosing Construction Company, Inc) Daimler Group, Inc. Dublin Building Systems Dugan & Meyers Construction Services Elford Development, Ltd. Gilbane Building Co. Gioffre Companies, Inc. Hanlin Rainaldi Construction Lifestyle Communities Lincoln Construction, In. MCR Services, Inc. Messer Miles-­‐McClellan Construction Pizzuti Renier Construction Ricop Construction Co., Inc. Rockford Construction RSSI Ruscilli Construction Setterlin 2012 3 2013 5 0 0 0 1 7 2 2 2 8 15 19 17 4 7 0 3 6 5 3 1 1 5 9 1 5 2 5 2 4 2 2 1 2 5 0 6 4 11 2 2 4 11 1 1 8 0 5 2 14 0 16 Company Shaffer Construction Smoot Construction Turner Construction Williamson Builders, Inc. 2012 1 3 5 0 2013 3 6 8 1 2012 4 1 2 7 2013 8 33 19 0 21 2 10 1 Multi family Company Elford Development, Ltd Lifestyle Communities MCR Services, Inc. Miles-­‐McClellan Construction Rockford Construction Ruscilli Construction 17 ATTACHMENT D Columbus MSA Developers Company Location Work Done Website Phone Brexton Celmark Development Group Inc. Commercial Real Estate Companies Columbus Commercial www.brextonllc.com 614-­‐441-­‐4110 Columbus Multi-­‐family www.celmark.com 614-­‐932-­‐9800 www.cbre.com/columbus 614-­‐224-­‐1492 www.daimlergroup.com 614-­‐488-­‐4424 www.drkmetro.com 614-­‐540-­‐2404 www.elford.com 614-­‐488-­‐4000 Columbus Daimler Group Inc. Columbus DRK & Company Realtors (Metro Development LLC) Westerville Commercial, Multi-­‐
family, Retail Elford Development, Ltd. Columbus Multi-­‐family Commercial, Multi-­‐
family, Retail Equity Columbus Retail www.equity.net 614-­‐802-­‐2900 Kaufman Development Columbus www.livekaufman.com 614-­‐299-­‐9200 Pizzuti Columbus www.pizzuit.com 614-­‐280-­‐4000 Polaris Real Estate Co. Columbus www.polariscenters.com 614-­‐841-­‐1000 Robert Weiler Co. Columbus Multi-­‐family Commercial, Multi-­‐
family Commercial, Multi-­‐
family, Retail Commercial, Multi-­‐
family, Retail www.rweiler.com 614-­‐221-­‐4286 Multi-­‐family www.sregroup.com 614-­‐418-­‐8900 Schottenstein Real Estate Columbus 18 Company Location Work Done Website Phone Steiner & Associates Columbus Commercial, Multi-­‐
family, Retail www.steiner.com 614-­‐414-­‐7300 The Woda Group, LLC Westerville Multi-­‐family www.wodagroup.com 614-­‐396-­‐3200 Vision Development Inc. Columbus Multi-­‐family www.visiondevinc.com 614-­‐487-­‐1804 Group 19