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50 New Homes Being Built in Franklinton North of West Broad Street, 

Available For Sale, Rent, and Lease-Purchase



Columbus, OH: Columbus’ oldest neighborhood is poised for an influx of new housing options. New City Homes, a Franklinton-based real estate company, is building more than 50 new homes and duplexes across a half square mile area in Franklinton. The scattered site development initiative is called “Franklinton NOW,” which is a reference to the area North Of West Broad Street where the homes are being built. 

“It’s very rare to have an opportunity to build 50 new homes in an existing urban neighborhood,” said Chris Knoppe, President of New City Homes. “These vacant lots exist today only because many of the older homes were demolished over a period of several decades. It wasn’t feasible for anyone to replace the homes at that time, but NOW there is an opportunity to build new housing as the neighborhood enters the next chapter of its 225 plus year history. It’s exciting, and an absolute honor, to be rebuilding the lost homes of Franklinton.” 

This endeavor offers a variety of housing options, with the newly constructed homes being offered for Sale, Rent, and Lease-Purchase. There are several different home styles and floor plans that vary in size, attributes, and price point. The sale prices for the single family homes are expected to be $374,900-$494,900 depending on model, and the rental options on the homes will range from $850-$1,750 for the duplex units and $1,750-$2,400 for the homes. The Lease-Purchase program allows prospective home buyers to lock in a purchase price for three years and earn a credit towards buying the home for each on-time monthly rent payment.   

The announcement of the Franklinton NOW campaign coincides with the completion of the first home, located at 94 Wisconsin Avenue. That home, the largest model priced at $494,900, is being featured in the BIA Parade of Homes, which runs for two weekends on Thurs Sept 12th - Sun Sept 14th and Thurs Sept 19th - Sun Sept 22nd. The home was recognized by the BIA judges by winning the “Best Feature” award for its finished basement.  

Just next door at 98 Wisconsin, construction is wrapping up on the second home, which is one of the smaller models priced at $374,900. Eight more homes are under construction with additional groundbreakings scheduled throughout the Fall and into Spring-Summer 2025. Homes are slated to be built on Wisconsin Ave, Chicago Ave, N. Yale Ave, N. Princeton Ave, Hayden Ave, N. Central Ave, N. Guilford Ave., and Rodgers Ave.  

“Franklinton’s deep history makes it truly unique because it’s the only Columbus neighborhood that existed before the City of Columbus was founded,” said Knoppe. “Franklinton has evolved through good times and bad, and that time-tested perseverance is ingrained in the neighborhood’s culture. Today, there is a rush of positive energy coming into the neighborhood. NOW is an amazing time to be in Franklinton as the neighborhood carves its path through another era in history.”

About New City Homes: New City Homes is a Franklinton-based real estate company with a long term focus on improving communities by providing desirable and attainable housing solutions. Since being founded in 2018, New City Homes has specialized in building and renovating homes for sale & rent in the urban neighborhoods surrounding the Downtown Columbus area. For more information, please contact Sarah Gellner at (740) 780-5747 or SarahG@NewCityOhio.com or visit www.NewCityOhio.com/now.


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INDEX OF EVENTS

  1. NBC 4 Presents "The Rise of Franklinton" Featuring New City Homes and Franklinton NOW 

  2. 10 TV Covers Franklinton NOW and Development Boom in Franklinton

  3. Franklinton NOW Generates Buzz in Columbus Business First

  4. Franklinton NOW Covered in Columbus Underground Article

  5. Franklinton NOW Covered in The Columbus Dispatch Article

  6. New City Homes Reveals Plans for Franklinton NOW

  7. New City Homes Welcomes Rep. Mike Carey to Demonstrate Success of Opportunity Zones

  8. Conway Annual Awards Luncheon

  9. CBUS OZ FUNDS President Chris Knoppe Set To Speak at Opportunity Zone Expo Arizona
  10. CBUS OZ FUNDS President Chris Knoppe to speak at the National Real Estate Strategies Summit sponsored OREIA

  11. 'Ohio approves bill to boost the state’s Opportunity Zone credits' Article Feature

  12. CBUS OZ FUNDS Named Top 25 Fund Manager by OpportunityZone.com

  13. OZ DEEP DIVE On The Real Estate of Things Podcast

  14. CBUS OZ Funds quoted in "Gain in Home Values in Opportunity Zones Encouraging" article

  15. Cbus OZ Funds at the OREIA (Ohio Real Estate Investors Association) Annual Summit

  16. Cbus OZ Funds Interviewed on The Opportunity Zones Podcast: The Evolution of OZ Neighborhoods with Chris Knoppe

  17. Cbus OZ Funds Featured on The Real Estate of Things Podcast

  18. Bill aims to create 950 new Opportunity Zones nationwide

  19. Cbus OZ Co-Founder Named 40 Under 40 Honoree by Columbus Business First

  20. 2021 OZ Investment Update

  21. Tax Free Investing Focus Group 

  22. Real CBUS OZ Projects

  23. Understanding Private Placement Memorandums (PPMs)

  24. Pros & Cons of Opportunity Zone Investing

  25. OZ Tax Reporting

  26. Frequently Asked Questions for OZ Investing

  27. How the Coronavirus Will Impact OZ Investing

  28. Inaugural OZ Networking Meetup: COZI (Columbus Opportunity Zone Investing)

  29. CBUS OZ FUNDS Featured In Columbus Business First

  30. Columbus Opportunity Zone Panel Discussion

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Phone: 614-972-7799

Email: ChrisK@NewCityOhio.com

975 West Broad Street

Columbus, OH 43222

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