New name and construction schedule revealed for North Market Tower
Work is expected to begin later this year on the long-planned redevelopment of the North Market parking lot. A spokesperson for one of the project’s developers, Rockbridge, confirmed the timeline, saying “construction of the building begins in late 2022 and will continue through 2025.” The city will begin infrastructure work on the site this summer.
A press release sent out this morning by Rockbridge and co-developer The Edwards Companies also revealed the name of the development – The Merchant Building – and included new renderings of the project.
“The Merchant Building brand is a way for us to honor the legacy of all the merchants who, through their courage, determination and perseverance, have made the northern market what it is today,” said Rockbridge CEO Jim Merkel in a statement.
The project received votes of approval from the Historic Resources Commission and the Downtown Commission late last year, ending a process that began nearly six years ago when the city solicited for the first time proposals for redevelopment of the lot.
The final design calls for a 31-story tower that will include an 18,000 square foot North Market expansion, 174 residential units, 65,000 square feet of office space, a 162-room hotel and a 350-space parking garage, as well as additional bar, restaurant and retail space.
“This project has always been about protecting the future of the northern market,” said Rick Harrison Wolfe, executive director and CEO of the market. “But there would be no Market North without the long legacy of individual merchants who give so much to support the cultural and economic health of our city. Merchant Building’s name is a fitting tribute to their stories.
The project was not one of three Columbus developments chosen in March to receive the state’s new transformational mixed-use development tax credits, although a second cycle of the program recently opened, with an application deadline in July.
The Merchant Building design team includes architect NBBJ, interior design firm AvroKO, Studio 4D, branding firm Swoon and Makeready.