Forest Drive Corridor

General Site & Real Estate Information
Site Name & Address  
Business Park Name: New Albany International Business Park
Site / Area Name: Forest Drive Corridor
Street Address (or Latitude/Longitude): N 40° 5’ 11.4792”/W 82° 47’ 25.5942”
City: New Albany
County: Franklin
State: Ohio
Postal Code: 43054

 

General Site Information  
Available Acres: 50 (max. 18 contiguous)
Asking Price Per Acre: $175,000 to $650,000/ acre
General Site Configuration/Shape: Rectangular; The New Albany Company owns the site as well as surrounding expansion ground. The site can be sized to fit the needs of the end user.
Topography of the Site: The site is generally flat with a minimal slope.
Additional Acreage Available: As the master developer for the business park, The New Albany Company has the ability to increase the size of the site to fit the customer’s end use.
Current Use of the Site: Greenfield & Residential
Describe Existing Structures and Status: 4 residential structures and outbuildings (metal or wooden pool barns) currently used as rental properties by The New Albany Company are located within the development. Any structures within a user’s identified site will be demolished and removed at no cost to end user.

 

Site Ownership and Current Conditions  
Identify Current Property Owner: The New Albany Company (NACO) owns the proposed site as well as the expansion ground surrounding the site. NACO was founded by New Albany residents, Les and Abigail Wexner, in the 1980s. Mr. Wexner is the founder, chairman and CEO of L Brands, the parent company to Bath & Body Works, Victoria’s Secret and other national retail operations. NACO’s master planned community encompasses over 10,000 acres, of which over 3,500 acres make up the New Albany International Business Park.
Title for Site Readily Transferable: Yes
Owner Contact: Dick Roggenkamp

Director of Real Estate

The New Albany Company

8000 Walton Parkway, Suite 120

New Albany, OH 43054

614-939-8000

droggenkamp@newalbanycompany.com

 

Zoning & Encumbrances  
Current Zoning: Office, Retail, General Commercial
Height Restrictions: 35’ to 65’ depending on location.
Use Restrictions: Existing restrictions for gas stations and certain food uses applicable to portions of this development area. Contact developer for details.
Surrounding Land Uses: Corporate office, medical, hotels, retail, general commercial, residential.
Future Land Use Plans for Site: Mixed use area to include corporate office, medical, retail and general commercial uses.
CC&Rs in Place for the Site: Property will be subject to the Covenants, Conditions, Restrictions and Easements of the New Albany Business Park (CCR’s). The CCR’s provide for certain design review procedures and landscaping and fencing requirements along public road frontages within the Business Park. Portions of this development area are also subject to additional CCR’s (Smith’s Mill CCR’s) to provide for the maintenance of shared private drives and regional detention ponds. Copies of the CCR’s will be provided upon request.
Rights Not Held by Property Owner (i.e. mineral rights, water rights etc.): The property owner holds all rights to the property.

 

Site Access  
Road Access to the Site: The primary access to the site is US Rt. 62, a north/south major commuter road less than .25 miles from the US62/ State Route 161 Interchange. Access is also provided by Smith’s Mill Road, a major arterial road that parallels the 161 Expressway.
Construction Access to the Site: Yes
Nearest 4-lane or Interstate Highway: State Route 62 & 161 Expressway at the site

I-270 7.5 miles

I-70 15.6 miles

Nearest Commercial Airport: John Glenn Columbus International Airport – 8 miles

Rickenbacker International Airport – 20 miles

Newark/Heath Port Authority – 16 miles

Access to Rail: No rail access
Access to Cargo Service: Rickenbacker International Airport – 20 miles

 

Emergency Preparedness  
Distance to Hospital: Mt. Carmel New Albany Surgical Hospital – 0.25 miles.

Mt. Carmel East Hospital – 9 miles

Distance to Fire Station: Plain Township Fire Department – 1 mile
Distance to Police Station: New Albany Police Department – 1.5 miles
Utilities
Electricity  
Service currently available at the site: Yes
Name of current or potential service providers: American Electric Power
Distance to nearest distribution line(s): At site
Is electric service redundant: Yes
Distance to nearest transmission line(s): 2.75 miles.
Voltage of nearest transmission line(s): 134kV & 345kV
Name of substation serving property and distance: Jug Street Substation – 2.75 miles
Available electric capacity at the property (MW): 34.5kV service available to site
Future planned capacity/infrastructure expansions: None
Availability of customer choice: Ohio is a competitive state for electric generation.   Customers have the opportunity to shop their energy (generation) requirements with a number of Competitive Retail Electric Suppliers (CRES).

 

Natural Gas  
Service currently available at the site: Yes
Name of current or potential service providers: Columbia Gas of Ohio
Size and Pressure of the nearest line: 4” line / 10 MCF/day / 40-60 PSI
Future planned capacity/infrastructure expansions: None at this site.

 

Water  
Name of water provider: City of New Albany/City of Columbus
Description of the water service (size of the lines, distance to the property and total capacity): Water service is provided by way of an existing 12” waterline for Forest Drive north of Smith’s Mill Road, and an existing 8” waterline south of Smith’s Mill Road. All is existing waterlines are located adjacent to the development sites. The waterlines have been sized to sufficiently serve this commercial office development area at full build out.
Excess capacity of the line serving the property: N/A
Future planned capacity/infrastructure expansions: N/A

 

Water Treatment Plant Answer
Name of water treatment plant serving the property: Hap Cremean Water Plant (HCWP)
Owner/Operator of water treatment plant: City of Columbus
Distance to the property: 9.2 miles
Total permitted capacity (mgd): 125
Allocated capacity (mgd) (if applicable): N/A
Average utilization (mgd): 77
Peak utilization (mgd): 94
Excess capacity (mgd): 31
Known encumbrances / requests for additional capacity to the water system capacity: None
Planned upgrades to the water system, including the schedule and the source of funding source for the project. Currently undergoing a $70M upgrade to install ozone and biologically active filtration.

In the next 5 years upgrades for the following will occur: Standby Power, UV Disinfection and conversion from chlorine to bleach.

 

Wastewater/Sewer  
Name of wastewater provider: The City of New Albany will be the owner and service provider of the wastewater service for the planned site.
Size of nearest line(s) 8”
Type of line serving the property (gravity or force main): Gravity Sewer
If force main, excess capacity of nearest pump station serving the property (mgd): N/A
Total capacity of the line(s) serving the property (mgd): The sanitary sewer system has been sized to sufficiently serve this commercial office development area at full build out.
Excess capacity of the line(s) serving the property (mgd): N/A
Future planned capacity/infrastructure expansions: N/A

 

Wastewater Treatment Plant
Name of wastewater treatment plant serving the property Columbus Southerly WWTP
Owner/Operator of wastewater treatment plant City of Columbus
Distance to the property 28.7 miles
Total permitted capacity (mgd) 114 (330 wet weather capacity)
Allocated capacity (mgd) (if applicable) N/A
Average utilization (mgd) 96
Peak utilization (mgd) 114
Excess capacity (mgd) 216
Known encumbrances / requests for additional capacity to the wastewater system capacity: No
Identify any planned upgrades to the wastewater system, including the schedule and the source of funding source for the project. CEPT project – scheduled to be completed in 2019

 

Telecommunications  
Name of telecommunication provider(s) WOW! (via New Albany Net).
Distance to Site: At site
Description of telecommunications infrastructure The 96 strand fiber network is built for high speed data communications and to reach customers economically throughout the New Albany Business Park.   Additional redundancy/path options are available.
Services available Point to Point and multi-point Ethernet (10Mb-1Gb and 10Gb),Wavelength Services (2.5Gb and 10Gb), Dedicated Internet, MPLS, Managed Services, Voice SIP Trunking, TDM Services (DS1 through OC192)
Fiber available at the property? If yes, aerial or underground? Yes.  All of the infrastructure in New Albany is underground. Diverse options are available as well.
Dark fiber available at the property? Yes
Environmental
Environmental Studies  
Phase I Environmental Report: Complete; no further action required.
Wetlands Delineation: Complete; no further action required.
Endangered Species: N/A
Archeological/Historical: N/A
Geotechnical Assessment: Geotechnical information available for portions of the site. User will be responsible for development-specific geotechnical studies.
Soil Conditions: Topsoil cover underlain by natural clay based soils containing random sand and/or gravel layers and lenses. Clay based soils suitable for conventional construction.
Hazards on site: None
Taxes
Taxes  
Real Property Tax Rate (per Assessed Valuation): 94.488013
Personal Property Tax Rate: No Personal Property Tax in Ohio
Income Tax Rate: 2%
Sales Tax Rate: 7.5%

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