COLUMBUS, OHIO — CASTO has begun the development of Westrich, a $70 million project in the Franklinton neighborhood of Columbus. Westrich is an expansion of the adjacent River & Rich apartment community, but will be marketed as a separate entity. Once completed, the community will comprise 234 apartment units.
Westrich will comprise a four-story building with 114 units and a five-story building with 120 units atop 8,000 square feet of ground-floor commercial spaces. The majority of units at the property will be reserved for tenants earning below 100 percent of the area median income.
The property will also offer 229 parking spaces in a garage and adjacent surface lot. A private pedestrian walkway will connect the two buildings and provide access to the amenity deck.
The Columbus Metropolitan Housing Authority (CMHA) provided $47.2 million in CMHA general revenue bonds, which comprised most of the construction financing for the project. In addition to CASTO and CMHA, funding partners included The Robert Weiler Co., The Kelley Cos. and Mark Cain of S. Cain Development and Construction.
The development team includes CK Construction, Dimit Architects, landscape architect REALM Collaborative and civil engineer EMH&T. Construction is slated to complete in 2026.