Posted Dec 22, 2012, 5:15 AM
|
|
Registered User
|
|
Join Date: Nov 2010
Location: Cincinnati
Posts: 611
|
|
The Ohio Development Services Agency awarded several Cincinnati projects Ohio Historic Preservation Tax Credits. Here is a summary:
Quote:
308-316 Main Street (Cincinnati, Hamilton County)
Total Project Cost: $9,010,659
Total Tax Credit: $1,833,277
Address: 308, 312 and 316 Main Street, 45202
Located within a cluster of historic buildings at the intersection of Third and Main Streets in downtown Cincinnati, the 308-316 Main Street project will incorporate first floor retail and upper floor housing. The three long-vacant buildings include the Heister Building (308 Main), Brockman Building (312 Main) and Clark Sorgo Machine Company Building (316 Main) and were once planned for demolition for new build office space. The project will be coordinated by the Cincinnati Center City Development Corporation (3CDC) and is expected to create 21 permanent jobs.
521-523 East 12th Street (Cincinnati, Hamilton County)
Total Project Cost: $1,242,270
Total Tax Credit: $203,362
Address: 521-523 East 12th Street, 45202
Sandwiched in the Pendleton neighborhood of Over-the-Rhine, two buildings at 521-523 East 12th Street will be rehabilitated as part of the larger Losantiville Apartments project. An affordable housing project, Losantiville Apartments will rehabilitate 14 buildings across four neighborhoods in the city of Cincinnati. The property at 521-523 East 12th Street will house six residential units upon completion.
961-975 East McMillan (Cincinnati, Hamilton County)
Total Project Cost: $7,994,857
Total Tax Credit: $1,772,054
Address: 961, 965 and 975 East McMillan, 45202
Located in the Peeble’s Corner National Register Historic District, the East McMillan project will revitalize three vacant buildings in the Walnut Hills neighborhood of Cincinnati. Known as the Rhodes Property Redevelopment, the project involves the restoration of the Trevarren Building (961 East McMillan), 965 East McMillan and the Hauck Building (975 East McMillan). The Walnut Hills Redevelopment Foundation is partnering with the Model Group to convert the buildings into 30 market-rate residential units and 7,000 square feet of first floor commercial space. An estimated 26 permanent jobs will be created by the project.
Abington Flats (Cincinnati, Hamilton County)
Total Project Cost: $3,147,033
Total Tax Credit: $501,643
Address: 33 Green Street, 45202
Located a block south of Findlay Market in the Over-the-Rhine National Register Historic District, Abington Flats was constructed in 1910 as a mixed-use residential and commercial block. Upon rehabilitation by the Cornerstone Corporation for Shared Equity, the building will retain continue to provide 18 rental apartments above first level commercial space. More than 50 construction and permanent jobs are anticipated as a result of the investment.
Eden Park Pump Station (Cincinnati, Hamilton County)
Total Project Cost: $5.2 million
Total Tax Credit: $1million
Address: 1430 Martin Drive, 45202
Erected as Pump Station No. 7 in 1894, the building originally served a large reservoir constructed by the Cincinnati Water Works in Eden Park. The station became obsolete by 1912 and was later retrofitted to house fire and police dispatching services. Vacated in the 1990’s, the pump house will be open to the public for the first time as a brewery and tap room for the Cincinnati Beer Company. The project will allow the city of Cincinnati to avoid building maintenance costs and is anticipated to create 40 construction jobs and at least 13 permanent jobs.
Pendleton Apartments (Cincinnati, Hamilton County)
Total Project Cost: $16,116,250
Total Tax Credit: $2,642,031
Address: 1108-1218 Broadway Street and 404-414 East 12th Street, 45202
Spanning 17 historic buildings, Pendleton Apartments are located in a two-block area within the Over-the-Rhine National Register Historic District. The buildings are positioned in close proximity to the new Horseshoe Casino Cincinnati and will be redeveloped to serve working professionals employed by the casino. A total of 80 residential units and more than 12,000 square feet of retail and restaurant space will be created within the currently empty buildings. Pendleton Apartments will house more than 37 jobs upon completion of the rehabilitation.
|
Source: http://development.ohio.gov/files/me...t%20Awards.pdf
|