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View Larger The Bottom Line Other Business Features Local Stories from ThisWeek More Articles By Jim Weiker The Columbus Dispatch Wednesday September 3, 2014 2:17 AM

Columbus has plenty of microbreweries, but is it ready for micro-apartments?

The Dublin development company Stonehenge hopes so.

Stonehenge has proposed a micro-unit apartment complex at the southwest corner of N. High Street and 3rd Avenue in the Short North.

The six-story building would include 32 studio apartments, all of them 540 square feet about half to two-thirds the size of a typical central Ohio one-bedroom unit.

Theres a tremendous movement toward efficiency, that less may be better, said Stonehenge President Mo Dioun.

We would like to be a pioneer in that area, to test this. We believe the community is ready for a smaller residential option.

The ground floor of the complex would include a lobby, retail space and spots for 32 Smart cars, which take up about half the room of conventional cars.

Dioun and Jonathan Barnes, the principal in JBAD architecture firm, who designed the building, said the project is a response to high demand for Short North apartments coupled with the high cost of building apartments in the neighborhood.

This is a trend in cities where theres a lot more pressure to develop, in New York and San Francisco, Barnes said. We have our own version of that in the Short North. So this was a matter of taking an idea thats been successful elsewhere and applying it to the Short North.

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Micro-unit apartments proposed for Short North

WASHINGTON (AP) U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this year.

Construction spending rose 1.8 percent in July, the biggest one-month gain since May 2012, the Commerce Department reported Tuesday. It followed a 0.9 percent decline in June, the largest setback in a year. That decline had been blamed in part on soggy weather which depressed construction activity in many parts of the country.

The July rebound pushed total construction to a seasonally adjusted annual rate of $981.3 billion, the highest level since December 2008. Spending on housing, non-residential and government projects all increased.

Construction spend is now 8.2 percent higher than it was a year ago as it continues to advance following a deep plunge during the Great Recession when builders sharply cut back because of a glut of unsold homes.

Housing construction was up 0.7 percent in July to an annual rate of $358.1 billion after two months of declines. Spending on single-family homes rose 0.5 percent and is 9.4 percent higher than a year ago while apartment construction rose 0.2 percent and is 41 percent higher than a year ago.

Spending on non-residential projects increased 2.1 percent to an annual rate of $343.6 billion with the strength led by gains in hotel construction, electric power transmission and manufacturing.

Spending on government projects rose 3 percent, the largest gain since October. Spending on state and local projects was up 3.4 percent, offsetting a 1.1 percent drop in federal construction spending.

A slump in construction in the winter contributed to the economy, as measured by the gross domestic product, shrinking at an annual rate of 2.1 percent in the January-March quarter. That was the biggest plunge in GDP since the first quarter of 2009 during the depths of the Great Recession.

But the economy rebounded sharply in the April-June quarter, growing at an annual rate of 4.2 percent. Economists think economic growth will continue at a solid pace in the second half of this year although an initial forecast of 3 percent growth in the July-September quarter may be trimmed following a report Friday that consumer spending fell in July. Economists remain optimistic that Americans will resume shopping in coming months, helped by rising employment and stronger consumer confidence.

In the spring, residential construction grew at a 7.2 percent rate after two quarterly declines and spending by businesses on construction projects rose at an annual rate of 9.4 percent.

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Construction Spending Staged Strong Rebound in July

HOLLYWOOD

It's been awhile since construction cranes have graced downtown Hollywood.

That's about to change.

For more than a decade, Hollywood has courted development, aiming to revitalize its downtown. After a stubborn recession and a long wait, downtown Hollywood is finally on the verge of a building boom.

Old buildings long past their prime are slowly giving way to more cosmopolitan buildings.

In August, a 12-story apartment building that occupied the northeast corner of Young Circle for the past 36 years was reduced to rubble. In its place will rise a 25-story apartment tower. The aging Great Southern Hotel on the west side of the circle will soon be replaced by a 19-story apartment tower.

Plans are also in the works for the Hollywood Bread Building on the circle's south side and possibly the Publix plaza on the east side, officials say.

"Someone might leave Hollywood for a few years and come back and not know where they are," Commissioner Dick Blattner said, only half joking. "They'd think, 'This is not the Hollywood I left five years ago.' That would be a good thing."

It's all about the timing, says Jack McCabe, a real estate analyst in Deerfield Beach.

Since 2012, developers have announced plans for 237 new condo projects and 68 major apartment complexes in Broward, Palm Beach and Miami-Dade counties, McCabe said.

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Hollywood's downtown on verge of building boom

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Heights at Worthington Place By CANDY BROOKS Tuesday September 2, 2014 8:07 PM

The owners of a new apartment complex touts spectacular views, granite countertops, a dog wash and two chargers for electric cars.

Heights at Worthington Place tenants will have those amenities this week as the first of two apartment buildings opens next to Worthington's mall.

Ten of the 59 one- and two-bedroom units in the smaller of the two buildings were leased prior to the complex's Sept. 2 opening, and owners say they're confident the rest will fill soon.

Tom Hoying and Russ Hunter of Crawford Hoying, which built both of the buildings, hosted Worthington city officials on a tour Aug. 28.

After looking at one of the two-bedroom apartments in the four-story building, they toured the roof, where gardens, grills, and tables and chairs are included, with towering views of Worthington, the Olentangy River and beyond.

"That will be the most beautiful sunset view in the city of Worthington," City Council President Bonnie Michael said. "You can sit there and see the whole western sky."

Each apartment comes with either a balcony or a patio.

The apartments also come with granite countertops, stainless steel appliances, walk-in closets, and vinyl flooring and carpeting.

Only one- and two-bedroom units are available in the smaller building, but the larger building that faces West Wilson Bridge Road will include 11 three-bedroom apartments.

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First apartment building open, ready for lease