A new multifamily development, The Sage at Jeffrey Park in Columbus, Ohio, gives residents modern and luxurious living options near several attractions.
Owned by Thrive Companies, a local real estate development and management company, the multifamily property is part of the larger Jeffrey Park development, which includes more than 1,300 residential units, office and retail space, a hotel and a park.
It is in the Italian Village neighborhood, which is close to downtown Columbus, the Short North and The Ohio State University.
The multifamily development received a 2024 CoStar Impact Award for multifamily development of the year, as judged by real estate professionals familiar with the market.
This project contributes to the economic growth and revitalization of the area as well as the demand for rental housing in Columbus.
Columbus has recorded positive rent growth and low vacancy rates despite the pandemic and the high supply of new units.
Each apartment within The Sage at Jeffrey Park includes an in-unit washer and dryer, high-end stainless appliances and an app-based thermostat. Other amenities include two courtyard swimming pools and a fitness center.
About the Project: The property is owned and managed by Thrive Companies.
What the Judges Said: "Thrive took a site that presented obstacles before they even started by building on a brownfield. The reuse of such a site makes this project remarkable. On top of building apartments, they incorporated other groups/companies to bring wrap-around services to the development, a product that is in growing demand around the nation." — Stephen Gale, economic development specialist, City of Westerville.
"A great redevelopment that takes a brownfield site and repurposes it into an attractive housing project that adds new options into a popular area," said Monica Conners, economic development director, Delaware County Economic Development.
They Made It Happen: Matt Negron, director of development, Thrive; Eric Wagenbrenner, executive vice president, Thrive; Mark Wagenbrenner, president, Thrive; Kevin Zeppernick, CEO, Thrive; Joel Lilly, principal and chief financial officer, Thrive; Steve Bollinger, principal and executive vice president, Thrive.