Upper East Brings a Rare New-Build Retail Opportunity to New Albany’s Village Center
A new retail destination is taking shape in the heart of New Albany.
Upper East New Albany master plan showing the 2.96-acre mixed-use development with 103 residences, 5,048 square feet of street-level retail space and a planned 2027 completion in New Albany’s Village Center.
Upper East New Albany will bring 103 residences and 5,048 square feet of thoughtfully designed street-level retail to the prominent corner of High Street and Founders Way. Set within the city’s established Village Center, the development introduces a limited opportunity for restaurants, boutiques, wellness concepts and service businesses to become part of one of Central Ohio’s most distinctive communities.
Developed by Mershad Development, Upper East is designed to complement the architectural character, walkability and civic identity that define New Albany. Construction and infrastructure improvements are underway, with completion currently anticipated in 2027.
Upper East is positioned within a part of New Albany shaped by connected streets, public spaces, community institutions and a growing collection of locally focused businesses.
The development is located near Rose Run Park, Market Square, the New Albany library, the McCoy Center for the Arts, the Heit Center for Healthy New Albany, Village Hall and the New Albany school campus. Together, these destinations create a setting that remains active throughout the day and across the week.
Rather than operating as a conventional shopping center, Upper East is designed to become part of the daily rhythm of the Village Center. Residents, employees, students, visitors and community-event attendees will all contribute to a built-in audience for future tenants.
Designed for New Albany’s Village Center
5,048 Square Feet of Divisible Retail Space
Upper East offers 5,048 square feet of new-build retail space that can accommodate one larger tenant or be divided for multiple concepts.
The available space includes prominent storefront visibility along High Street, approximately 285 square feet of covered patio space and direct access to an integrated parking network. The development will provide 186 parking spaces through a combination of surface, on-street and structured parking options.
The space is being delivered as a vanilla shell, with tenant improvement terms negotiable. Flexible configurations allow Upper East to support a variety of operators, including chef-driven restaurants, cafés, wine and cocktail concepts, boutiques, wellness providers, fitness concepts and service-oriented businesses.
Created with Restaurants and Hospitality in Mind
Upper East has been planned to support restaurant and hospitality users from the beginning.
Grease traps, dedicated chase, covered patio areas and operable garage doors are incorporated into the design, helping reduce some of the complications that often arise when converting traditional commercial space for food-and-beverage use.
The result is a setting that can support indoor-outdoor dining while creating an engaging street presence along High Street and Founders Way. Chef-driven restaurants, cafés, wine and cocktail concepts and other hospitality-focused operators could each find a natural fit within the project.
Built-In Demand and Long-Term Growth
Upper East will add 103 apartments and townhomes directly within the development, establishing an immediate residential audience for dining, shopping, wellness and everyday services.
The surrounding market adds further strength. Current leasing materials report average household incomes of approximately $158,200 within one mile, $142,600 within three miles and $126,000 within five miles. The property also reaches an estimated daytime population of approximately 55,000 people within a 10-minute drive.
New Albany’s expanding employment base provides another important source of demand. The New Albany International Business Park and surrounding development corridor continue to attract major employers, investment and regional activity, supporting additional need for restaurants, services and neighborhood-oriented retail experiences.
The property is also positioned near the expanding Intel development corridor. For businesses researching retail space near Intel Upper East offers access to the region’s growing employment base while maintaining a prominent location within the established Village Center.
Prime Location Highlights
Prominent frontage along High Street
Corner positioning at High St & Founders Way
Large storefront windows
Patio frontage with operable garage doors
Clear signage opportunities (fascia + blade)
Pedestrian flow
Visibility and Regional Access
Upper East combines the advantages of a walkable neighborhood setting with convenient access to the broader Central Ohio region.
The property is positioned along High Street with access to U.S. Route 62 and State Route 605. It is approximately five minutes from State Route 161, 10 minutes from Easton Town Center, 15 minutes from John Glenn Columbus International Airport and 20 minutes from Downtown Columbus.
This connectivity allows future tenants to serve the immediate Village Center community while also drawing customers from nearby residential neighborhoods, employment centers and destinations across Northeast Columbus.
the only New-Build retail Leasing Opportunity in the village center
New commercial construction is limited within New Albany’s established Village Center. Upper East offers businesses the chance to enter the market through a project designed with long-term quality, community integration and tenant performance in mind.
Its combination of new residences, High Street visibility, restaurant infrastructure, outdoor patio space, integrated parking and proximity to New Albany’s civic and employment destinations creates an opportunity that is difficult to replicate elsewhere in the market.
Roth Real Estate Group is currently working with restaurant operators, retailers, wellness concepts and service businesses interested in joining Upper East New Albany.
Upper East New Albany Leasing Information
Property location: High Street and Founders Way, New Albany, Ohio 43054
Available retail space: 5,048 square feet, divisible
Patio opportunity: Approximately 285 square feet
Delivery condition: Vanilla shell with tenant improvement terms negotiable
Lease structure: NNN, negotiable
Status:Now pre-leasing
Projected completion: 2027
For floor plans, renderings, leasing terms and current availability, visit the Upper East New Albany leasing page or contact Roth Real Estate Group.
For leasing information, contact:
UPPER EAST
NEW ALBANY
FAQS
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Upper East is located at High Street and Founders Way in New Albany, Ohio, within the community’s walkable Village Center.
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Upper East offers 5,048 square feet of street-level retail space. The space is divisible and can accommodate one larger user or multiple tenants.
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Yes. Upper East is designed to accommodate restaurant, café, wine, cocktail and hospitality concepts. Plans include restaurant-supporting infrastructure, covered patio space and operable garage doors for indoor-outdoor dining.
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Potential uses include chef-driven restaurants, cafés, boutiques, specialty retailers, fitness studios, wellness concepts and service businesses seeking a prominent Village Center location.
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The development will include 103 residences consisting of apartments and townhomes, creating a built-in customer base for the property’s retail tenants.
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Construction and infrastructure work are underway, with completion currently anticipated in 2027.
Learn more about Roth Real Estate Group’s retail commercial real estate services throughout Central Ohio.