Foundry – Manufacturing
Columbus Castings
- 1,800,000 square feet
- Approximately 72 acres
Phase One
Acquisition
Reich Brothers purchased Columbus Castings out of Chapter 11 bankruptcy. Assets included the intellectual property, machinery and equipment, as well as the real estate.
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Phase Two
Execution
Reich Brothers sold the Intellectual Property and ran a six month onsite and online liquidation of the machinery and equipment
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Phase Three
Remediation and Demolition
Once all assets were monetized and removed from the site, Reich Brothers began the demolition of the 1,800,000 square feet of building and structures.
Simultaneously, Reich Brothers executed on a pre approved plan with the Ohio EPA to remediate the environmental contaminants at the 70 acre site. The multi million dollar remediation will lead to an NFA from the Ohio EPA and position the site for new construction and employers.
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Timeline
Sept 2016
Acquisition
Oct 2016
Liquidation and public auctions commence thru January 2017
March 2017
Machinery and Equipment
Removed
Nov 2017
Remediation and demolition
projects begin
Feb 2019
Demolition Completed
June 2019
Environmental remediation
completion expected
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Expectations
New Construction
Projected shovel in the ground for development expected in the Fall 2019
Case Studies
Ready for construction
Former Columbus Castings Facility
2211 Parsons Av, Columbus Ohio
Renewed Purpose
Former Oscar Mayer Headquarters
910 Mayer Av, Madison Wisconsin
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Let’s Build Something
contact@reichbrothers.com
172 South Broadway, White Plains, NY 10605
+ 1 914-614-1800