EMBRACE THE COLORFUL LIFE AT
RIVER & RICH
River & Rich offers not only one-bedroom, two-bedroom and townhouse-style apartments in Columbus, OH, but retail space as well! Located along the Scioto River and the Scioto Greenways in Downtown Columbus, River & Rich includes more than 24,000 square feet of ground retail space, 200 residential apartment units, and a 300-space parking garage.
UNITS FEATURE:
- Oversized outdoor balconies*
- Attached garages*
- In-home washer & dryer
- Open floor plans
- Oversized windows*
- Industrial designer finishes
- Kitchen islands*
- Subway tile backsplashes
- Hardwood-style flooring
- Granite countertops
*Select units
COMMUNITY AMMENITIES:
- Onsite fitness center
- Onsite bike & kayak storage
- Heated pool
- Outdoor grilling area & fire pit
- EV charging stations
- Two-story parking garage
- 24-hour emergency maintenance
- Weekly doorstep recycling pickup
HIGHLIGHTS:
- Pet-friendly
- Stunning views
- Numerous on-site retailers, restaurants, brewpubs, and art galleries
Managed By: Oakwood Management Company
INVESTMENT
$71,163,500
TOTAL DEVELOPMENT COSTS
6
PARTNERS
234
UNIT COUNT
| Sources | Amount | Uses | Amount |
|---|---|---|---|
|
CMHA Construction Loan |
$47,200,000 |
Acquisition |
$1,100,000 |
|
CMHA Equity |
$1,100,000 |
Site Work |
$241,000 |
|
Developer Equity |
$22,863,500 |
Hard Costs |
$58,482,500 |
|
|
|
Soft Costs |
$9,840,000 |
|
|
|
Developer Fee |
$1,250,000 |
|
|
|
Reserves |
$250,000 |
|
Total |
$71,163,500 |
Total |
$71,163,500 |
PARTNERS
Casto, The Robert Weiler Company, The Kelley Companies, S. Cain Development, Moody Nolan, KeyBanc Capital Markets.
CMHA ROLE
The Columbus Metropolitan Housing Authority (CMHA) played a pivotal role in the development of River & Rich. As a key partner, CMHA facilitated the project’s financing and development, ensuring that it aligned with broader urban revitalization and affordable housing goals. CMHA issued bonds for the development of River & Rich. CMHA’s involvement helped to integrate affordable housing units within the development, promoting socioeconomic diversity and providing more inclusive housing options in the rapidly evolving Franklinton area. Through strategic partnerships and community-focused initiatives, CMHA contributed to making River & Rich a cornerstone of the neighborhood’s ongoing transformation.