COLUMBUS — The massive Hoster Brewing Company building, which has loomed over the Brewery District for more than a century, is set to be reborn as a hotel, offices, shops, restaurants and — of course — a brewpub.

The state on Wednesday awarded $5 million in Historic Preservation Tax Credits that will allow the McCabe Companies to begin the $70 million project.

The Hoster project was the only Columbus redevelopment to receive credits. Statewide, 28 projects involving 49 old buildings received tax credits.

“Partnering with communities and developers across Ohio, we’re preserving historic sites that make Ohio unique,” said Lydia Mihalik, director of the Ohio Development Services Agency, which administers the tax credit program.

While the Hoster building is the only central Ohio tax credit recipient, it is by far the largest of the projects.

The development includes a total of 245,000 square feet in several buildings, dating from roughly 1870 to 1961.

McCabe paid $6.44 million for the site in January 2018 and unsuccessfully sought tax credits last year for the redevelopment.

The cluster of buildings, at the southwest corner of W. Fulton and S. Front streets, became the largest of the Brewery District’s several breweries until Prohibition killed the industry in 1919. Since then, the building served several functions including “warehouses, rug weaving, a chair factory, bag and burlap cleaning, paper box factory, ice making, printing companies, a haunted house, Wasserstrom’s furniture and equipment showrooms and eventually offices,” according to the architectural firm Schooley Caldwell, which is working on the project.

Dwight McCabe, the owner of the McCabe Companies, told The Dispatch in December that he planned to phase in the development, starting with the hotel, event space, restaurant/retail space, 15,000 square feet of offices and a rooftop terrace.

After that, he would turn his attention to other parts of the project, including a new building south of the existing warehouses, west of Ludlow Alley, that could contain up to 100,000 square feet of offices or condominiums.

Also receiving historic tax credits is a $1.4 million plan to renovate the Holland Theatre in Bellefontaine.

 

jweiker@dispatch.com

@JimWeiker