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