Friday, July 1, 2011

Columbus Dispatch: Yankee Trader building sold; plans call for apartments, offices, restaurant


The story is here

Friday, July 1, 2011 10:52 AM

The Columbus Dispatch

The building that housed the Yankee Trader, a fixture for decades in the Short North, has been sold to a local firm that plans to renovate the building as offices, apartments and ground-floor restaurant space.

Westerville-based Triad Architects hopes to move its offices to the site at 463 N. High St. in the fall of 2012. The company also plans to renovate the top three floors of the five-story building into upscale one- and two-bedroom apartments.

"We were looking to move our offices, and really wanted to be part of the Downtown community, where there's a lot going on," said Zach Price, a Triad principal.

Price said the company hopes to be moved into the building around the same time as the new Hilton Columbus Downtown convention hotel on the next block opens, which is expected to be by September 2012.

Price said Triad affiliate Henry Price Investments closed on the purchase from Yankee Trader Inc. on Tuesday. The $900,000 purchase price was a 25 percent discount on the asking price of $1.2 million.

The Yankee Trader store, a longtime purveyor of party goods and novelty items, closed in November.

mrose@dispatch.com

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