His­toric build­ings be­ing re­vived Down­town

The Columbus Dispatch - - Business - By Marla Matzer Rose

The owner of the old­est build­ing on Capi­tol Square and an ad­join­ing build­ing is seek­ing $1.8 mil­lion in state his­toric tax cred­its to com­bine the two into ren­o­vated of­fices.

The com­bined build­ing, known as the Hay­den, would fill long-va­cant store­fronts at 16 and 20 E. Broad St., just east of High Street.

“To have two va­cant build­ings right at the cross­roads of

the city, at Broad and High, isn’t good for Down­town,” said Michael A. Tomko, the Colum­bus-based de­vel­oper of the Hay­den.

Tomko re­cently bought and ren­o­vated a his­toric build­ing for of­fices on Rich Street near Colum­bus Com­mons. He also is seek­ing about $2.6 mil­lion in fed­eral tax cred­its for the project. The build­ings, which are within the Cap­i­tal Cross­roads Spe­cial Im­prove­ment District, also qual­ify for a city tax abate­ment.

The over­all project will have about 103,000 square feet of of­fice space and in­volve an in­vest­ment of roughly $18.5 mil­lion. It also will have a shared rooftop deck on the shorter, fourstory build­ing, along with his­toric dec­o­ra­tive fin­ishes on the first floor and base­ment lev­els.

The tax credit ap­pli­ca­tion states that the build­ing has “com­mit­ments from a di­verse group of of­fice users in­clud­ing firms spe­cial­iz­ing in de­sign and brand­ing, fi­nan­cial ser­vices, mar­ket­ing and tech­nol­ogy...(that) en­sure full oc­cu­pancy of the build­ing.”

The build­ings, which Tomko bought in May for $4.8 mil­lion, have no park­ing. Tomko said de­vel­op­ers plan to of­fer valet park­ing for ex­ec­u­tives and guests, and will re­move the park­ing me­ters di­rectly in front of the build­ings to fa­cil­i­tate that. He said other work­ers can use one of sev­eral garages within a two- to three-block walk.

At least two pre­vi­ous plans were floated to ren­o­vate the build­ings for a boutique ho­tel. Nei­ther one of those projects ended up ma­te­ri­al­iz­ing.

The four-story Hay­den build­ing at 20 E. Broad St., which opened in 1869, is said to be the old­est ex­ist­ing build­ing on Capi­tol Square. The 16-story New Hay­den build­ing to its west opened in 1901 as one of Colum­bus’ first sky­scrapers. De­signed by noted ar­chi­tect Frank Packard, the New Hay­den was home to the of­fices of the Na­tional Foot­ball League in the 1920s and 1930s.

In later years, Sky­line Chili and Mc­Don­ald’s oc­cu­pied part of the build­ings. Tomko said there still is some equip­ment in the base­ment left from the Mc­Don­ald’s fran­chise, along with old teller cages and vaults from the bank that once oc­cu­pied the ground floor and base­ment level of the other build­ing.

Tomko hopes to be­gin ren­o­va­tions in Jan­uary, and com­plete all work be­fore the end of 2019.

COURTESY OF MICHAEL A. TOMKO] [REN­DER­ING

A ren­der­ing of the planned ren­o­va­tion of the Hay­den build­ing project on East Broad Street, across from the Capi­tol, shows the lobby area.

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