The City of Columbus has designated the Short North, along with portions of Italian and Victorian Villages as a "market ready" Community Reinvestment Area, with available 15-year, 100 percent tax abatements if projects include 10 percent affordable housing, with options to buy out of the requirement. Beginning around the turn of the millennium, the Short North has gone under a major period of construction and development. Major construction has turned previously small lots into ten-story buildings, sometimes taller, often with mixed residential, commercial, and office use. A construction at the 800 block of High Street completed in 2019 now houses the US headquarters for Swedish fintech
Klarna, as well as two restaurants and a hotel operated by
Marriott's Moxy brand. Some developers, such as the Wood Companies, have been active in the region for many years, and continuing to propose new buildings, such as a fifteen-story residential complex between Hubbard Ave and Wall Street. Further north,
Stonewall Columbus has also involved itself in the redevelopment of the Short North, partnering with Black Gold Capital to propose a multi-story complex on the site of Stonewall's current parking lot. On June 23, 2023, 10 people were shot and injured in a mass shooting on North High Street. By 2024, as part of a study commissioned by an alliance of local businesses, two consulting firms, JS&A Economic Development Consulting and Metris Arts Consulting, valued the entire Short North to have a total revenue of around US$3.8 billion annually. The study further found that the entire neighborhood is valued at US$954.9 million, generating just over $10 million in tax revenue per year. == Gallery ==