I'm working in a city-sized arena.  I can't believe I never thought of this before, and I'm sure it's been suggested before but...

Choose one of your cameras and zoom to where you want your character to be. You likely already have the camera there. Go to the edit menu and select "copy settings." Select or create your object and go to the edit menu and choose "Paste Settings."

Blam!

Your object is right where your camera is. If it's a character, you should see the feet, so you should place the camera where you want the feet to be.

I hope this helps.