1040 Mt Vernon Ave, Columbus, OH 43203

Mt. Vernon Plaza, a historic neighborhood retail hub developed in 1978 and totaling 52,000 +/-SF across two buildings, is poised for transformative redevelopment. Positioned beside a city-owned park and within more than $400M of surrounding investment—including Nuveen’s Sawyer Towers initiative, Franklin Park Conservatory, the Taylor Avenue Corridor, and the Adelphi Quarter anchored by Adelphi Bank—the Plaza will be modernized through significant capital improvements. Plans include attracting a curated mix of national and local retailers, developing two new retail pad sites, and constructing a 47-unit affordable housing community. The adjacent park will be reactivated as a shared amenity, while partnerships with the State of Ohio, Franklin County, the City of Columbus, and local institutions will support small business growth, arts, healthcare, and youth entrepreneurship in Mount Vernon and surrounding neighborhoods.