Hayden Building & New Hayden Building
The two properties, historically known as the Hayden Building and New Hayden Building, are located in the Central Business District of Columbus on Capitol Square adjacent to the Ohio Statehouse. The buildings, long empty and neglected, have been rehabilitated into modern office spaces with spectacular Capitol Square views and first-floor retail. Construction was completed at the end of 2020, with ongoing tenanting of the leasable 80,000 square feet.
A unique aspect of the work, approved by the National Park Service, included opening the wall between the buildings on the first three levels above the street to truly connect the properties and add marketability to tenants looking for larger unified floor plans.
The Hayden deployed a complex capital stack to finance the revitalization, which included a variety of historic preservation tax incentives, job grants, traditional debt, and others. Its completion marks the end of an 18-month revitalization of the decade-long vacant buildings.
The introduction of The Hayden follows on the heels of other recent historic redevelopments in Columbus, including the opening of the 37-unit Microliving @ Long and Front, just two blocks away. Both The Hayden and Microliving @ Long and Front reflect a trend in urban areas, as cities work to meet the dynamics of the changing workforce and city dwellers. These changes include a sense of being connected to a neighborhood's original fabric, easy access to street-level amenities, and creative work and living spaces.