Real Estate

At the corner of Broad and Hamilton Streets in Whitehall, the sight of derelict condominiums has given way to vibrant walls of purple and blue.

• The unusual display of public art has given the doomed condos a fresh look ahead of a massive redevelopment in the works there.

A total of 5,100 mixed-use apartments have been built in Columbus since 2012, making up 18% of all constructed units during that time frame, Axios' Sami Sparber reports.

Why it matters: Rental communities that include residential, office and retail space gained a foothold in the last decade, per a report from apartment search website RentCafe.

Columbus' real estate market is holding steady for now.

Why it matters: We keep hearing about a market crash but, so far, local data doesn't support that.

The city granted zoning permits to a new apartment complex site on the Whittier Peninsula despite vocal concerns about traffic congestion impacting Scioto Audubon MetroPark next door.

Why it matters: The project pits Columbus and Franklin County MetroParks against the city and developers in a coveted piece of land near the Scioto River.

It's not just the Johnsons buying the house next door — it's also Johnson LLC.

Driving the news: Nearly 25% of Columbus homes sold in the first quarter of 2022 were purchased by housing investors, per new data from Redfin.

• That was one of the highest percentages in the country.

Columbus ranks in the middle of its peers when it comes to building new homes in the U.S.

What they found: Columbus had 7.2 single-family building permits per 10,000 people in the first quarter of this year, per the latest analysis by real estate company Redfin.

Voters will be asked to support a $1.5 billion bond package in November to fund new affordable housing projects and other public services.

Why it matters: The city's population is expected to keep growing long term, but the housing supply is not keeping up with demand.

If you've got $8 million lying around and dream of living in a decadent European-style estate without leaving Ohio, here's your chance.

Up for sale: A 32,675-square foot behemoth on the Scioto River.