Metro West apartments sold to firm with Romney ties

on Tuesday, 29 April 2014.

Romney's recognized tremendous opportunity in Weston District

A company with ties to Republican presidential candidate Mitt Romney’s real estate development firm has purchased Metro West, one of the area's largest and most neglected apartment complexes.

Romney Group’s Havenwood Townhomes, based in Utah,  purchased the complex on the West Side near Hollywood Casino Columbus and plans to renovate 856 current units into more upscale two-, three- and four-bedroom apartments.

The complex had about 1,700 units in Franklin and Prairie townships, but several buildings in deteriorating condition are being demolished.

“Our plan is to convert this property into one of the premier residential communities in west Columbus,” said Anthon Stauffer, the Romney Group’s director of acquisitions.

Construction will start in late May and be completed in two years, he said.

“We would like to keep all the current residents who have been consistently paying their rent,” Stauffer said. “They will each have an opportunity to move into upgraded units as they become available.”

Community leaders hope the acquisition will add to the momentum of the West Side that began with the opening of the $400 million Hollywood in October 2012.

“The removal of that blight is a positive and powerful influence for the area,” said John Rosenberger, president of the Central Ohio Community Improvement Corp.By The Columbus Dispatch