Columbus, Ohio — According to state and local development sources, Portman plans to invest $480 Million to build out a new convention center hotel in Columbus. 3CDC and the developer, Portman Holdings, must do some construction activities on the $480 million project during the first quarter of 2025 because of a major $40 million tax credit they received from the state of Ohio earlier this year through its transformative mixed-use development program. The 635,000-square-foot structure will house 800 rooms, flexible meeting space and nearly 15,000 square feet of ground-floor leasable retail space. The company plans for the completion of the new space at 251 W. Fifth St in Columbus, on or about July 1, 2027. According to the company website For over sixty-five years, Portman has established a distinguished legacy in developing stand-alone and mixed-use projects, encompassing office, hospitality, residential, retail, and industrial spaces. Our extensive portfolio showcases a dedication to creating high-quality, thoughtfully designed environments that meet diverse needs and foster vibrant communities. These efforts generate substantial value for our investors and significantly enrich the communities we serve. Each project is crafted with a focus on sustainability, innovation, and aesthetic excellence, ensuring that our developments contribute positively to the urban landscape and enhance the quality of life for residents, workers, and visitors alike. At Portman, we pride ourselves on our ability to seamlessly integrate multiple functions within a single development, creating dynamic environments that support both economic growth and community well-being.

To learn more about Portman, visit http://www.portmanholdings.com/

Company Contact:
John Portman, President
jportman4@portmanholdings.com
https://www.linkedin.com/in/john-portman-4b7b557/
404-614-5252

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