June 28, 2019

Library closes on sale of Grant Oak Apartments

COLUMBUS—Columbus Metropolitan Library (CML) closed on the sale of the Grant Oak Apartments property to The Pizzuti Companies today.

CML’s Board of Trustees approved a purchase agreement with The Pizzuti Companies for the sale and redevelopment of the property in January 2018.

CML purchased the seven-building Grant Oak Apartments in 1992 with the intention of eventually expanding Main Library’s footprint northward. With the 2013 purchase of land just east of Main Library, CML could no longer justify owning the apartments. CML informed tenants of its plan to sell Grant Oak in a May 2016 letter and offered them month-to-month lease agreements ahead of the sale.

CML has worked to ensure that any sale and subsequent redevelopment of the apartments benefits library customers and adds to the vibrancy of the Discovery District.

The Pizzuti Companies is a recognized leader in the development, marketing and management of real estate. Pizzuti has developed more than 45 million square feet of institutional-quality residential, commercial, industrial, and hospitality projects throughout the United States. A leader in sustainable design practices, Pizzuti has completed build-to-suit and speculative construction projects in each of their major markets. Pizzuti also has considerable experience working with local governments in the development of creative public-private partnerships. Pizzuti Solutions LLC, a wholly owned subsidiary, boasts a staff with decades of combined public sector work experiences, and focuses extensively in the areas of public facilities, sports and recreation, cultural facilities, education and strategic planning.

Columbus Metropolitan Library has served the people of Franklin County, Ohio since 1873. With its Main Library and 22 branches, CML is well known for signature services and programs like Homework Help, Reading Buddies, Summer Reading Challenge and Ready for Kindergarten. The library’s Strategic Plan supports the vision of “a thriving community where wisdom prevails,” which positions CML to respond to areas of urgent need: kids unprepared for kindergarten, third grade reading proficiency, high school graduation, college and career readiness and employment resources.

CML was named a 2011 National Medal Winner by the Institute for Museum and Library Services for work in community service, the highest honor for libraries and museums. CML was also named 2010 Library of the Year by Library Journal.