June 18th, 2020
June 17th, 2020
New Albany, mid-1990s. The affluent suburb was nine years into development under a master plan that was the vision of Les Wexner and partner Jack Kessler. For years, retail magnate Wexner had purchased land with a dream of building a community in the spirit of the iconic towns you’d see in rural England.
At the time, a stately country club, just four years old, was the focal point. Surrounding it were Georgian-style homes and the community’s signature white fencing…Read the full article at ColumbusCEO.com
May 26th, 2020
February 27th, 2020
Each year, Midwest Real Estate News inducts a new class in its Midwest Commercial Real Estate Hall of Fame. This year, we are running these profiles online. We look today at the busy career of William (Bill) Ebbing, president of The New Albany Company in New Albany, Ohio.
Bill Ebbing oversees the development of The New Albany Company’s extensive holdings as part of a 12,000-acre master-planned community — the largest master-planned business park in the Midwest — including a 4,500-acre business park, upscale residential neighborhoods, a country club and a village center mixed-use district….Read the full article at rejournals.com
February 11th, 2020
An e-commerce company is bringing 500 jobs to New Albany’s growing business park…Read the article at bizjournals.com
November 5th, 2019
New Albany’s Market Square will add another 79,000 square feet of commercial development near its downtown, with a redevelopment of the Duke & Duchess gas station and convenience store along East Dublin-Granville Road between Main Street and South High Street, the city says…Read more at bizjournals.com »
February 26th, 2019
Stack Infrastructure, the Infomart Data Centers and Digital Realty alumni-led wholesale data center provider launched early this year, is expanding into the quickly emerging hyperscale market in New Albany, Ohio.
The company announced this week acquisition of an existing data center and 17 acres of dirt for future construction there. It didn’t say how much it paid for the assets or who the seller was…Read full article at datacenterknowledge.com
July 12th, 2011
When Facebook turned down New Albany the first time for an investment, Jennifer Chrysler took it like a breakup.
“I ate more ice cream that weekend than I have ever eaten in my life,” the city’s director of community development said. “I was crying on the phone and they were going, ‘It’s not you, it’s us.’
“I didn’t know what to do,” she said. “We’d been working through the project for nine months.”
However, as Chrysler recounted at a recent economic incentives conference hosted by Vorys Sater Seymour and Pease LLP, that “rejection” paved the way for Facebook to come back and commit to building a $750 million data center in New Albany.
And that, in turn, led to two other Silicon Valley wins: An expanded data center complex from Amazon and, most recently, a $600 million data center from Google.
“Over the course of that loss, we stated in touch with (Facebook),” Chrysler said. “We never want to hear that, but we had a tough conversation about what made us losers, and some of it was how our team functions, some off it was just beyond our control.”
New Albany officials even paid Facebook a visit during a California trip and, a few months after that, the phone rang. Facebook had a new set of requirements and the consultant team thought New Albany could make the cut if it tried again. The city did, and the company quickly settled on an investment.
Building those relationships was key, Chrysler said, because consultants move from company to company, project to project. In fact, the same consultant she had worked with to land Facebook was the person she had worked with on the Amazon deal and the Google investment.
“Site selection teams bounce around from company to company,” she said. “It’s a very small world in Silicon Valley and building the relationship got us on the shortlist.”
Aaron Berke, a Vorys partner, said that has become more typical in economic development deals.
“The bottom line often isn’t the incentive,” he said. “It’s how the economic development team delivers on other things.”
Silicon Valley’s economic development process is by now well known. As has been the case with Amazon’s HQ2 and other deals, New Albany worked with consultants using fake names and keeping their employers a secret.
By Tristan Navera
Columbus Business First
March 28th, 2011
New Albany Business Park’s record growth in business development, despite the recent economic downturn, has captured the attention of the business media in central Ohio, prompting feature articles in The Columbus Dispatch and Columbus CEO magazine.
The Columbus Dispatch attributes New Albany’s success to its “status as a magnet for corporate expansion, partly a result of quality of life, strong infrastructure and good schools.”
Columbus CEO touts the more than 3,000 jobs and 20 businesses that have staked claim to a piece of the one-of-a-kind, corporate business park that features four innovation campuses representing distinct clusters of commerce, including beauty and personal care, healthcare, retail and research and development.
Among the other characteristics driving growth in New Albany are master planning that protects business investment for the long term and a state-of-the-art infrastructure that includes dual feed electric capabilities and a lit fiber-optic network that provides access to more than 180,000 service providers nationwide.
Beyond the bricks and mortar, New Albany’s high level of business connectivity is creating the kind of environment that fueled the growth of Silicon Valley and the Research Triangle. “It’s a very collaborative, networking environment here,” says Tammy R. Troilo-Krings, CEO and Founder of TS24, an international provider of travel management services that is located at Water’s Edge, a corporate office campus within the business park.
March 18th, 2011
Local officials are excited to welcome Bob Evans Farms to New Albany. The company announced last week its intention of moving its headquarters to New Albany from the south side of Columbus sometime in the next two years.
Read the full article at This Week News.
Daimler Group is confident enough in New Albany’s prospects that it’s building a second speculative office building there. Economic development momentum in New Albany has Daimler Group Inc. and its partners putting shovels in the ground for another speculative office building in the village.
Read the full article at Columbus Business First.