Intel Slows, But Central Ohio’s Momentum Keeps Building
Let’s be honest—delays aren’t what anyone wants to hear. Especially when we’re talking about one of the most high-profile development promises in Ohio’s history.
Intel just announced it’s hitting the brakes again on its semiconductor megaproject in New Albany. The first factory, originally projected to be up and running by 2025, now isn’t expected to open until 2030 or later. And while construction will still continue in 2025—concrete, steel, infrastructure—the broader rollout is being “further slowed” to match market demand.
Not ideal. But also, not the whole story.
It’s a slowdown, not a shutdown
What Intel is doing right now is recalibrating—delaying buildouts, tightening capital, consolidating operations. It’s a strategic retreat to stabilize the balance sheet, not a white flag on Ohio.
In fact, Intel still plans to spend over $1 billion on the Ohio site next year alone. That’s not nothing.
And while the timeline has shifted, the broader mission hasn’t: U.S.-based chip manufacturing remains a national priority. Federal CHIPS Act dollars are already committed, and state-level incentives are still in play. This isn’t a project that’s going away—it’s just arriving later than expected.
Meanwhile, the rest of the region is heating up
Let’s zoom out.
Anduril is moving full steam ahead with its $1B advanced manufacturing site near Rickenbacker. Honda and LG are doubling down on EV battery production in Fayette County. And Amazon, Google, and Meta continue pouring capital into Central Ohio data centers.
All of this brings new infrastructure, high-wage jobs, and long-term housing demand to the region.
Intel may have grabbed the headlines, but it’s not the only game in town.
What it means for real estate? Adjust your lens, not your outlook
For those of us in residential and multifamily real estate, this is a reminder to play the long game. Growth is still coming—but the timeline just got a little more honest.
New Albany and surrounding corridors are still poised for transformation. But rather than banking on a single project to accelerate things overnight, smart buyers, sellers, and investors should be looking at the full economic ecosystem taking shape across Central Ohio.
At Swiss Realty, this is exactly how we guide our clients. We don’t chase headlines—we study the fundamentals. That means understanding how infrastructure, employment, and development patterns intersect with housing. We track the projects that are actually breaking ground—not just the ones making national news.
So if you’re wondering whether this changes the outlook for buying, selling, or investing in Central Ohio real estate, here’s our take: it doesn’t.
It just reinforces why working with a team that knows the market matters.
Let’s talk strategy when you’re ready.
