Grateful Development Partners is advancing a five-story, 64-unit multifamily project at 550 W. Broad St. in Columbus, Ohio. This development integrates residential living with approximately 1,800 square feet of street-facing retail space and a ground-level parking garage accommodating 43 vehicles. Situated in the Franklinton neighborhood, the project is adjacent to significant historical landmarks, including the Columbus Historical Society’s Engine House No. 6 and the Harrison House
Address: 550 W. Broad St., Columbus, OH 43215
Residential Units: 64
Retail Space: Approximately 1,800 SF
Parking: 43 spaces in a ground-level garage
Project Start Date: Spring 2025
Architect: Archall Architects
Developer:Grateful Development Partners
Positioned in the heart of Franklinton, Columbus's oldest neighborhood, 550 W. Broad St. offers proximity to cultural and historical sites. The development is adjacent to Engine House No. 6, a Romanesque Revival-style fire station built in 1892, now serving as the Columbus Historical Society's headquarters. Nearby, the Harrison House (circa 1807) and the Sullivant Land Office (circa 1822) further enrich the area's historical significance.
Grateful Development Partners, based in New Albany, Ohio, focuses on community-centric real estate projects. Co-founded by Grant Dolven, the firm emphasizes strong partnerships and sustainable development practices. Dolven brings experience from his previous role as Vice President of Acquisition and Development at a Central Ohio development firm, where he managed projects encompassing over 7,200 units across five markets.
Columbus's multifamily market has experienced fluctuations, with vacancy rates reaching a decade high due to increased construction and rising housing costs. However, recent trends indicate a stabilization, with vacancy rates beginning to decline, suggesting a potential path to market equilibrium.
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