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Rising BeltLine project inks celebrated bagel shop, displaced gym

  • Studioplex

Columbia Ventures’ development will include 114 rentals with affordable housing component over Eastside Trail

While it’s only a few stories out of the ground and a year from completion, a mixed-use development where the BeltLine meets Edgewood Avenue is signing retail tenants that could interest legions of intown Atlantans.

Dillon Baynes, Columbia Ventures’ managing partner, tells Urbanize Atlanta the company’s next phase of Studioplex redevelopment has recently signed leases with Emerald City Bagels and fit-boxing gym VESTA.

For the popular New York-style bagel shop, operated by mother-daughter duo Deanna and Jackie Halcrow, the location beside the Eastside Trail will be the first outside of East Atlanta Village, where the former pop-up business opened its first brick-and-mortar in 2018.  

VESTA, the fitness concept, is being forced to vacate the 774 Ponce de Leon Avenue gym location it opened in 2015 in light of pending redevelopment that could also claim Ponce stalwarts such as The Local and MJQ.

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Source: Urbanize Atlanta

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Restoration of the Union Terminal Warehouse underway

  • Union Terminal Warehouse

After being acquired by Columbia Ventures in December 2018, with plans to utilize historic tax credits and opportunity zone equity as key components of the capital stack, the restoration of the Eastside’s 109-year-old Union Terminal Warehouse is now moving forward.

Covering 330,000 square feet of space, the Union Terminal Warehouse Company was said to be the largest warehouse in Florida when it was completed in 1913 by the Turner Construction Company. Now Columbia Ventures is poised to renovate the Eastside landmark at 700 East Union Street into a mixed-use development featuring 220 workforce and market-rate apartments and 38,000 square feet of commercial, retail and dining space. In addition, the project will include an 80 space indoor parking area and a rooftop amenitized with a rooftop terrace.

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Source: The Jaxson

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Columbia Ventures Opens Viña Apartments in Denver, CO

  • 48th and Race, Viña Apartments

Permanent Large Scale and Deep Affordability Achievement in Elyria-Swansea Neighborhood

Columbia Ventures has created a new, landmark community in the Elyria-Swansea neighborhood of Denver that’s under dramatic displacement pressure due to rising prices. Featuring 150 units of quality housing with a significant medical clinic and ancillary retail, the development is a permanent commitment to workforce and affordable housing.

“We’ve now carved out the first phase of this community just steps from the 48th & Brighton National Western Center Station RTD station,” said Columbia Ventures’ Managing Partner Dillon Baynes. “And it delivers—half of the apartments are targeted at teacher and first responder incomes (80% of area median income), and half target incomes at the 30% and 50% of area median income levels. This is real affordability.”

Viña Apartments offers units ranging from studios to three bedrooms with a suite of modern amenities.

“The City and County of Denver is proud to partner to deliver affordable housing, enabling households of all income levels to benefit from mass transit for generations to come,” said Britta Fisher, executive director of Denver’s Department of Housing Stability.

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Source: Denverite

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