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350 West Wilson Bridge Road
Project Overview
Rendering of proposed renovation - 350 West Wilson Bridge Road

The building at 350 West Wilson Bridge Road was originally developed as part of the Officescape development on the north side of West Wilson Bridge Road, which also includes properties at 400, 450 and 500 West Wilson Bridge Road.  This building, constructed in 1976, was home to notable companies such as Mettler Toledo and Corecomm.  The property has been vacant for many years and the new property owner would like to completely renovate and modernize the building, while redeveloping the site to accommodate approximately 53,000 square feet of modern medical office space. The Central Ohio Urology Group intends to move its medical offices into the first floor of the building.

The new property owner will construct a new entry feature central to the building that will provide a lobby, elevator and stair access to the three-story building. Several upgrades to the building include:  new energy efficient and noise reducing windows and doors, a completely new interior and the extension of natural gas to an existing all electric building.  The overall redevelopment of the site will incorporate additional parking needed for medical office users, provide for a new drop off area, updated landscaping, upgraded LED light fixtures and a new comprehensive sign package.

City Council approved an Amendment to the Development Plan and associated variances on January 4, 2016. The staff memo, application and materials are available.

City Council will hold a public hearing related to the water line easement for the property on January 19, 2016 at 7:30 p.m.


Development Incentives
Site layout - 350 West Wilson Bridge Road

Given the long period of vacancy for this building, the City agreed to a two-tiered incentive for the redevelopment and reuse of this property.  An Urban Redevelopment Tax Increment Financing (TIF) agreement was approved by City Council on October 5, 2015.  The TIF captures payments equal to 75% of the taxes that would otherwise be owed on the value of the improvements to the property for a period of ten years.  The TIF proceeds can be used to assist with the cost of installing fire suppression equipment and making the building accessible as required under the Americans with Disabilities Act (ADA).  Taxes will be paid as usual on the base value of the property established prior to the proposed improvements and on 25% of the value of the improvements.


The City also approved an economic development grant through the Venture Grant program to encourage the anticipated $6,000,000 in payroll associated with the jobs that will locate in the renovated facility.  The grant is payable in three annual installments of $78,800 provided the payroll commitments are met.