A commercial developer has purchased a retail center on National Road in Columbus and plans to renovate it with a new facade, parking lot and roof.
TDAK Development Inc. of Seymour closed on a deal Tuesday to buy the former Bishopp’s Plaza building at 1629-1645 National Road for an undisclosed price.
The company, which is involved in the development and redevelopment of commercial and residential real estate, plans to revamp the structure for retail and office uses, including exterior updates and upgraded mechanical systems, said Rob Millman of Berkshire Hathaway Indiana Realty.
The new property name will be Regal Park Plaza, he said.
Three tenants are operating in the structure, Guardian Kung Fu, the Columbus Oriental Market and Karma. Former tenants include Bubba Blues Bar BQ, with rental signs in the windows.
The 27,050-square-foot building has room for about eight businesses, Millman said. He said TDAK plans to invest several hundred thousand dollars in the renovation, with an estimated $200,000 earmarked for a new roof and resurfaced parking lot on the property.
The company, owned by TDAK president Darren Royalty, hopes to have the work completed in eight weeks, a quick turnaround, Millman said. This is the first commercial redevelopment project that Royalty has undertaken in Columbus, Millman said.
“I am thrilled about this project and the improvement it will bring to the area,” Royalty said in a news release. “Columbus is experiencing an exciting moment with all the recent retail development within the community and the combined promised investment from employers like Cummins.”
The building is located between the free-standing Bishopp’s Appliances at 1647 N. National Road and a Starbucks at 1585 National Road.
Royalty’s company has taken on several other development projects in the area, including retail centers in Paoli and other cities, Millman said.