CINCINNATI | Development Thread

[natiboy]

Here's some updates on some previous posts:

These three buildings at 308-316 Main Street in Downtown will be rehabbed into 5 condos and 2 storefronts. Project cost is $9 million.


The buildings from the corner building down to the 6 story building will be all rehabbed into 30 residential units and 6 storefronts. They're in Walnut Hills.



The old Dennison Hotel in downtown Cincy will be rehabbed into 63 apartments. Project cost is $9.6 million.


Source: http://www.building-cincinnati.com/2...x-credits.html

[ColDayMan]

All great rehabs, especially for Walnut Hills.

[natiboy]

Banks next phase set for winter start

Developers at the Banks hope to break ground in early 2013 on the next major phase of construction work at the $600 million development.

Following the success of the $91 million Phase 1, newly revealed designs for the riverfront development call for an additional 300 apartment units, more than 60,000 square feet of street-level retail and more than 400 parking spaces at the block southeast of Race and Second streets, said Libby Korosec, spokeswoman for the Banks development team of Atlanta-based Carter-Dawson Co. The structure is one building, but appears to be two, sitting on a three-story foundation.

Source: http://www.bizjournals.com/cincinnat...ter-start.html

[Austinlee]

Originally Posted by natiboy

Here's some updates on some previous posts:

These three buildings at 308-316 Main Street in Downtown will be rehabbed into 5 condos and 2 storefronts. Project cost is $9 million.


The buildings from the corner building down to the 6 story building will be all rehabbed into 30 residential units and 6 storefronts. They're in Walnut Hills.



The old Dennison Hotel in downtown Cincy will be rehabbed into 63 apartments. Project cost is $9.6 million.


Source: http://www.building-cincinnati.com/2...x-credits.html

Wow, those are three great projects. The Walnut Hills building is beautiful and I would be suprised if it wasn't a huge success. Who wouldn't wanna live in that building and rentals are hot now.

And the Dennison building is very sharp too. That's a great building.


These type of rehabs are so important for our sized cities to help re-grow vibrancy. Go Cincy!

[natiboy]

Originally Posted by Austinlee

Wow, those are three great projects. The Walnut Hills building is beautiful and I would be suprised if it wasn't a huge success. Who wouldn't wanna live in that building and rentals are hot now.

And the Dennison building is very sharp too. That's a great building.


These type of rehabs are so important for our sized cities to help re-grow vibrancy. Go Cincy!

Yeah, they are really great projects.

I like how the focus of development in Cincy right now seems to be more on renovating our older buildings as opposed to building new. It's Cincy's older architecture that sets us apart in my opinion, so I'm glad they're serious about preserving it. At the same time, we still have great new proposals to keep things interesting.

[Dale]

nati, I'm really digging Banks II. As far as you know, is an office tower still being discussed as part of it ?

[natiboy]

As far as I know the office tower is still part of the plan. It could take a while to be built though, since they are still looking for a tennant for the tower in phase 1.

But I agree with you. The phase 2 buildings look much better than what was originally planned (and built in phase 1).

[Dale]

Originally Posted by natiboy

As far as I know the office tower is still part of the plan. It could take a while to be built though, since they are still looking for a tennant for the tower in phase 1.

But I agree with you. The phase 2 buildings look much better than what was originally planned (and built in phase 1).

Yeah, a nice modernist change of pace from PoMo.

[natiboy]

Construction starts on Cinemark theater at Oakley Station

Construction got under way this week on a 14-screen Cinemark movie theater at the Oakley Station mixed-use project under development on the former Cincinnati Milacron plant site in Oakley.
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The theater construction is the first part of Oakley Station to get under way. The long-delayed 74-acre project will also include restaurants, specialty retail and about 300 apartments. Work on roads and infrastructure began earlier this year.

Source: http://www.bizjournals.com/cincinnat...-cinemark.html

[natiboy]

Project Rundown since 2010: (Project...Neighborhood...Cost)


Completed 2010

KZF Design Headquarters…Downtown…$6,000,000
Mynt Martini Club…Downtown…$1,400,000
School for Creative and Performing Arts…Over-the-Rhine…$72,200,000
Parvis Lofts…Over-the-Rhine…$10,500,000
Trinity Flats…Over-the-Rhine…$6,000,000
Lackman Lofts…Over-the-Rhine…$1,760,000
Lackman Bar…Over-the-Rhine…$588,184
Hughes High School Renovation…University Heights…$36,017,971
Corryville Crossing…Corryville…$24,000,000
University of Cincinnati Practice Fields…Clifton…$15,500,000
Fairview German School Redevelopment…Clifton Heights…$2,000,000
Lofts at Harrison Terminal…Camp Washington…$2,000,000
North Avondale Montessori…North Avondale…$14,780,458
Columbia Square…Columbia Tusculum…$20,000,000
Medpace Headquarters…Madisonville…$15,000,000
Forest Square…Avondale…$4,200,000
Cincinnati Herald Building…Avondale…$4,300,000
Dater Montessori Renovation…Westwood…$17,426,888
The Kenwood by Senior Star…Madisonville…$110,000,000
College Hill Fundamental Academy Renovation…College Hill…$14,570,896
Hartwell School Renovation…Hartwell…$13,040,981
Sands Montessori…Mt. Washington…$15,689,840


Completed 2011

Graeter's Icecream Facility…Bond Hill…$11,000,000
Great American Tower…Downtown…$322,000,000
Residence Inn…Downtown…$15,000,000
Taft Theater…Downtown…$3,200,000
McFarland Lofts…Downtown…$1,800,000
Saengerhalle…Over-the-Rhine…$8,300,000
Friar's Court…Over-the-Rhine…$4,300,000
City Home (Phase 1)…Over-the-Rhine…$3,950,000
Westfalen Lofts…Over-the-Rhine…$3,380,000
The Belmain…Over-the-Rhine…$2,300,000
Taft High School…West End…$18,442,044
American Can Lofts…Northside…$22,000,000
65 West Apartments…Clifton Heights…$16,700,000
Clark Montessori High School…Hyde Park…$18,098,865
Vernon Manor- Cincinnati Childrens Office Conversion…Avondale…$48,500,000
Incline Square…East Price Hill…$50,000,000
Incline Village…East Price Hill…$3,000,000
The Flats…East Price Hill …$1,000,000
Xavier University, Hoff Academic Quad…Evanston…$115,000,000
Evanston Academy…Evanston…$11,669,783


Completed 2012

Academy of Multilingual Immersion Studies…Bond Hill…$11,582,753
The Banks…Downtown…$2,500,000,000
Moerlein Lager House…Downtown…$10,000,000
Washington Park…Over-the-Rhine…$48,000,000
North Rhine Heights…Over-the-Rhine…$14,000,000
City Home (Phase 2)…Over-the-Rhine…$2,160,000
Chase School…Northside…$12,443,638
Euclid Square Apartments…Corryville…$5,000,000
Group Health Associates Medical Office Building…Clifton…$27,000,000
The Verona at Eden Park…Walnut Hills…$10,000,000
Elberon…Price Hill…$7,400,000
MetroWest Commerce Park…Lower Price Hill…$25,000,000
Olyer Community Learning Center Renovation…Lower Price Hill…$20,000,000
Westwood School Renovation…Westwood…$14,433,731
Mt. Washington School Renovation…Mt. Washington…$14,894,869
Woodford Paideia Academy…Kennedy Heights…$13,666,102

Under Construction/ Pre-Development

Smale Riverfront Park…..Downtown…..$120,000,000
21C Hotel..…Downtown…..$56,000,000
Federal Reserve Conversion…..Downtown…..$19,000,000
Maisonette…..Downtown…..$14,600,000
The Edge…..Downtown…..$10,000,000
Westfalen 2…..Over-the-Rhine…..$7,000,000
15th and Republic…..Over-the-Rhine…..$4,300,000
Paint Building…..Over-the-Rhine …..$4,100,000
15th and Race Church…..Over-the-Rhine …..$4,000,000
13th and Republic…..Over-the-Rhine…..$2,700,000
Nicolay…..Over-the-Rhine…..$2,400,000
Bakery Lofts…..Over-the-Rhine…..$2,300,000
Park Haus…..Over-the-Rhine…..$2,300,000
Parvis 2…..Over-the-Rhine…..$1,700,000
1401 Elm (Hummel)…..Over-the-Rhine…..$1,500,000
Winton Montessori School…..Northside…..$16,639,331
Vine Street Flats…..Corryville…..$5,000,000
U Square @ The Loop…..Clifton Heights…..$78,000,000
The Views on Vine (Schiel School site)…..Corryville…..$20,000,000
Oakley Station…..Oakley…..$26,700,000
Medpace Research Laboratory…..Madisonville…..$7,500,000
Medpace Office Building…..Madisonville …..$3,600,000
MetroWest Commerce Park…..Lower Price Hill…..$25,000,000
Olyer Community Learning Center Renovation…..Lower Price Hill…..$20,000,000
DHL Airport Expansion…..Hebron…..$47,000,000
Mercer Commons…..Over-the-Rhine…..$59,000,000
Rothenburg Preperatory Academy…..Over-the-Rhine…..$16,907,400
Horseshoe Casino…..Pendleton…..$400,000,000
Art Academy Building Renovation…..Mt. Adams…..$17,900,000
Rookwood Exchange…..Norwood…..$100,000,000
Aiken High School…..College Hill…..$29,304,753
Western Hills/Dater High School Renovation…..Westwood…..$51,716,341
Saylor Park School Renovation…..Saylor Park…..$13,000,000
Kennedy Heights Cultural Center…..Kennedy Heights…..$3,000,000
Silverton Paideia Academy…..Silverton…..$14,007,563
Cincinnati Streetcar…..Downtown…..$110,000,000
University of Cincinnati Kettering Lab Renovation…..University Heights…..$5,000,000
Walnut Hills High School Renovation…..Evanston…..$56,241,429
Vue 180…..Newport…..$15,600,000
Christ Hospital Expansion…..Mount Auburn…..$265,000,000
Keystone Parke…..Evanston…..$100,000,000


Proposed/ Imminent

Stetson Homes…..Corryville…..$80,000,000
Uptown Crossings…..University Heights…..$11,000,000
Hyatt Regency Renovation…..Downtown…..$17,000,000
309 Vine (PNC Tower Annex)…..Downtown…..$15,000,000
7th and Culvert Parking Garage…..Downtown…..$20,000,000
Central Parkway YMCA Renovation…..Over-the-Rhine…..$27,000,000
St. Paulus Church…..Over-the-Rhine…..$8,200,000
1405-07 Republic Street…..Over-the-Rhine…..$3,400,000
1500-06 Elm Street…..Over-the-Rhine…..$3,600,000
Sam Adams Brewery Expansion…..West End…..$3,600,000
Old St. George Boutique Hotel…..Clifton Heights…..$22,000,000
Meyer Tool Expansion…..Camp Washington…..$3,500,000
Oakley Lofts…..Oakley…..$6,000,000
Delta Flats…..Columbia Tusculum…..$8,000,000
Rough Brother's Headquarters…..Bond Hill…..$4,000,000
St. Michael Church/School Renovation…..Lower Price Hill…..$85,000,000
Dunnhumby Headquarters…..Downtown….. $100,000,000
Enquirer Building Renovation (Hotel)…..Downtown…..$27,320,000
Music Hall Renovation…..Over-the-Rhine…..$165,000,000
Xavier Square (Phase 1)…..Evanston…..$50,000,000
Lytle Park Renovation…..Downtown…..$6,000,000
Haddon Hall Renovation…..Avondale…..$12,000,000
Childrens Hospital Tower…..Avondale…..$180,000,000
Xavier Square (Phase 2)…..Evanston…..$50,000,000
University of Cincinnati Law School…..University Heights…..$70,000,000
Green and Vine…..Over-the-Rhine…..$1,500,000
308-316 Main Street…..Downtown…..$9,000,000
Anna Louise Inn Renovation…..Downtown…..$12,400,000
Homeless to Homes Project…..???.....$30,000,000
Dennison Hotel (Ironworks Apartments)…..Downtown…..$9,600,000
961-975 E McMillan Street…..Walnut Hills…..???
Eden Park Station Microbrewery (Brewery X)…..Walnut Hills…..$5,000,000
Abington Flats…..Over-the-Rhine…..$3,800,000
Meiner Flats…..Over-the-Rhine…..$11,000,000


Totals:

Total Investments: $6,595,133,820
Commercial (retail/office space): 6,416,523+ square feet
New/Renovated Hotel Rooms: 1,352
Condos: 499
Apartments: 4,738


This list does not include $2,184,000,000 in unlikely/stale proposals.

[natiboy]

Oakley Station poised for construction

Oakley Station looks like nothing but bare land now, but the developer says that’s major progress, and within the next year it will begin serving both movie buffs and apartment-seekers.

“We’re relieved to finally have it moving,” said Steve Dragon, vice president of Vandercar Holdings. “Site prep has been a long road.”

Construction starts this month on a 14-screen movie theater and 302-unit apartment complex at the $120 million Oakley Station, one of the city’s largest, new mixed-used developments.

Source: http://news.cincinnati.com/article/2...0090134&Ref=AR

[natiboy]

City rezones for its portion of Xavier project

Last Wednesday, Cincinnati City Council unanimously approved the rezoning of two parcels in Evanston to facilitate Xavier University's redevelopment of 20 acres at the corner of Montgomery Road and Dana Avenue.
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Phases one and two of the project, located in the City of Norwood, is expected to include approximately 180 units (480 beds) of market rate rental housing, a 57,000 square foot recreation center, 50,000 square feet of office space, nearly 25,000 square feet of retail, an 11,000-square-foot campus bookstore, and a 100-room hotel.

Source: http://www.building-cincinnati.com/2...of-xavier.html

[natiboy]

Cincinnati moving forward with Ohio's 1st bike sharing system

A new study, prepared by Alta Planning + Design, determined how and where a bicycle sharing system could be implemented in Cincinnati in a way that will compliment its expanding Bicycle Transportation Program.

The recently released report was called for by city leaders in May 2012, and identifies a 35-station, 350-bike system that would be built in two phases in Downtown, Over-the-Rhine, Pendleton, Clifton Heights, Corryville, Clifton, Avondale and the West End.

Source: http://www.bizjournals.com/cincinnat...ith-ohios.html

Feasibility study: http://www.cincinnati-oh.gov/bikes/l...FA/showMeta/0/

[natiboy]

Metro, Uptown Consortium planning $6.9M transit project

Metro and the Uptown Consortium are planning a new $6.9 million transit project to better serve Uptown customers.

Representatives of the transit agency, the consortium, downtown-based architecture firm Michael Schuster Associates and local leaders will announce details of the plan on Oct. 23, according to a media advisory issued Wednesday.

The so-called Uptown Transit District will be built in 2013, according to the advisory.

Source: http://www.bizjournals.com/cincinnat...-planning.html

[natiboy]

$200K OK'd for Eastern Corridor project

The Ohio Department of Transportation has awarded $200,000 to be used for the Downtown portion of the Eastern Corridor transit rail project, Hamilton County commissioner Todd Portune said.

Project leaders plan to use the funding to help secure right-of-way access for the proposed rail line between The Banks transit center and the Montgomery Inn Boathouse. That is the first phase of the proposed $411 million, 17-mile rail line between Downtown and Milford. The first phase is estimated to cost between $15 million and $25 million.

Source: http://news.cincinnati.com/article/2...nclick_check=1

[natiboy]

Hilton Cincinnati Netherland Plaza getting $10M upgrade

The Hilton Cincinnati Netherland Plaza joined a growing list of downtown hotels in line for face lifts. A $10 million renovation began about a month ago and is slated for completion by next year.

“The market requires it,” said Alex Warm, co-owner of Belvedere Corp., which acquired the hotel along with the rest of the Carew Tower complex in 1990. “The Hyatt is doing it. The Westin just did it. It’s time. The stuff we have is in need of freshening.”

Source: http://www.bizjournals.com/cincinnat...and-plaza.html

[natiboy]

$25M 'Hotel Covington' bringing jobs to N.Ky.

COVINGTON, Ky. - A $25 million luxury boutique hotel is coming to Covington -- and it's being built inside what's currently city hall.

The Salyers Group , a Covington commercial real estate company, is working with the Milwaukee-based Aparium Hotel Group , to turn the city hall building, located at 638 Madison Avenue, into The Hotel Covington.

Plans call on keeping the historic shell of the building, which originally housed a fancy department store that catered to the well-to-do of the time. Now, the 102-year-old building will house a specialty hotel that could potentially boost much of downtown Covington.

Read more: http://www.kypost.com/dpps/news/regi...#ixzz2ANHfGJBA

[natiboy]

Neighborhood bar “rhinehaus” and Apartments Coming to 12th and Clay

119 E. Twelfth Street will see new life as apartments and a neighborhood bar according to the building’s owner and developer Jim Daffin. Daffin has operated Daffin Development for over twenty years specializing in residential land development and commercial real estate management.

Source: http://www.blogotr.com/otr/neighborh...12th-and-clay/

[natiboy]

$450,000 donation from Duke Energy to advance construction at Smale Riverfront Park

Thanks to a $450,000 donation from Duke Energy, the Cincinnati Park Board will be able to move forward more quickly with the development of what was previously called the Main Street Garden at the Smale Riverfront Park.

The area is located immediately south of Great American Ball Park, and is now called the Duke Energy Garden. The narrow piece of park space is expected to be completed by spring 2013, and will connect the Smale Riverfront Park with additional riverfront parkland to the east (Sawyer Point, Bicentennial Commons, Theordore M. Berry International Friendship Park).
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According to park officials, the Duke Energy Garden will include 87 trees, thousands of smaller plantings, walking paths, a 150-foot granite seat wall, and 12 “family-sized” porch swings.

Source: http://www.urbancincy.com/2012/10/45...verfront-park/

[natiboy]

More than $14M approved for Gateway's fifth phase

Last Wednesday, Cincinnati City Council approved more than $14 million in funding for master developer Cincinnati Center City Development Corporation's (3CDC) continued work in Over-the-Rhine.

The first package of ordinances authorized the issuance of $5.5 million in bonds for the second phase of Mercer Commons, a $22.3 million project that includes the renovation of 13 buildings and the construction of one new building and will result in 67 residential rental units and 10,600 square feet of commercial space along the 1300 block of Walnut Street and at 31 Mercer Street.

Source: http://www.building-cincinnati.com/2...-gateways.html