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IAGuy39

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  1. ^Right and with the second phase of Poste that's 63 so 239 Total. With the current Poste: 124 Units. So in maybe 3 years time if these two get built, that's 363 Market Rate Units in Walnut Hills, that could end up a huge change in the feel of the neighborhood.
  2. ^I have to be a little sour in that Iowa missed out on DJ Carton (I believe out of Bettendorf or Davenport, IA). He looks like the real deal, very athletic and bouncy, could go pro this year or next year. I don't blame him for going to OSU, Holtmann is a great coach and did a really nice job at Butler, and he is turning your program up a couple notches quickly. Plus living in a big city and getting out of the fish bowl of Iowa City / Iowa in general is probably a good idea. I think that harms Iowa in recruiting a bit, too much of a fish bowl for their athletes.
  3. Troeros you know how to pull up stuff, those look like two great developments. On the Poste Phase II, I don't like all the surface parking, but definitely an upgrade to add more density. If these two get built, that is an additional 200 or so market rate apartments in the neighborhood. Walnut Hills may be moving quicker than anticipated.
  4. ^I don't know if I ever see North of McMillan in Walnut Hills ever getting re-developed back to market rate. Maybe fixed up with newer low income housing, etc. and it is really bombed out, but the people that live there won't get pushed out. It kind of rolls into Avondale too. It can be greatly improved though with a mix of new low income and mix of market rate for hospital workers, etc. I do see south of E. McMillan and East of Gilbert becoming a high priced area though in the next 10 years, more than it is now and completely built out.
  5. Yeah, that house on Francisco Street looks really nice and well done, easily goes for $450k in Hyde Park. Developers like those probably try to get the ball rolling on a street and keep rolling it over and gradually increase the prices as the street gets better. That area is interesting as they did that big project on Windsor and also going south of there it gets closer to Eden Park where there are houses in better shape. The movement south from East McMillan redevelopment will help too as it keeps moving pushing from both sides, sort of like in OTR from Findlay Market down and Gateway Quarter up
  6. I am definitely not an expert but I think you would look for comparison similar neighborhoods in other cities which are similar population wise so maybe look at the French Quarter and surrounding area home prices currently or Charleston, SC or like others mentioned Philidelphia (though much bigger) which exerts a lot of pressure to to drive home prices up. Unless Cincinnati gets a massive employment win to really boost instead of steady Eddy like we have been, I would guess that current values would be closer to $2 million for really high end homes in today dollars 20 years from now. I think going from 2002 - Now is about 20 years but a ton changed since then, and not as much will change from now to 2040. I could see $2 million homes in West End and in ares of OTR for sure in 20 years (in today dollars) and maybe even $3 million but not much more than that. UNLESS there is a huge job gain like an Amazon HQ or something similar that pushes 30k high paying jobs downtown, our streetcar and transit is drastically improved, and the urban core is fully built, then if that happens in 10 years I could see it faster. There are homes in Indian Hill that go over $1 million quite frequently but even then the massive mansions still go under $5 million usually, there just isn't that amount of money here in tons of individuals to go that high. And I would bet people that could afford a $1 million home, probabably only a small % actually do buy that, they would probably rather spend $500k here in Cincinnati and $500k for a home in the Cayman Islands or Hilton Head or something
  7. ^ IMO, no way it would ever be that close. If you look at Brooklyn for example, the highest real estate in the USA probably besides maybe Manhatten, there are single familys for up to $10 million which are 5,000 square feet but not many. I would guess if that situation you described holds true you could see homes at *current* inflation around $2 million. By then maybe that's 3 or 4 million.
  8. Does anyone know (I never make my way downtown hardly at all anymore), are these home listings seperate from all the other work they were doing on this street like last year? **Actually looks like it's the second phase. Kind of crazy to me the price of these homes and they get them sold before built, the builder must have a hugely positive reputation: https://www.sibcycline.com/Listing/CIN/1501137/217-G-W-Fifteenth-St-Cincinnati-OH-45202 https://www.sibcycline.com/Listing/CIN/1481592/214-W-Fifteenth-St-C-Cincinnati-OH-45202
  9. I looked at Sibcy Cline, and it's interesting, it looks like they are doing rehabs on more homes scattered in Walnut Hills than they have in a long time or since I have been looking, as well as some new construction: https://www.sibcycline.com/Listing/CIN/1573167/2413-Concord-St-Walnut-Hills-OH-45206 https://www.sibcycline.com/Listing/CIN/1631485/963-Francisco-St-Walnut-Hills-OH-45206 https://www.sibcycline.com/Listing/CIN/1640255/2625-Ashland-Ave-Walnut-Hills-OH-45206 Looks like they started this reno and now selling: https://www.sibcycline.com/Listing/CIN/1635466/608-610-Crown-St-Walnut-Hills-OH-45206
  10. Thanks for posting, I always enjoy your pictures, the snow makes it really beautiful.
  11. ^Sorry, I'm not a picture guy (don't have a camera besides my phone and couldn't figure out how to post something like 3 years ago), but I know @jmecklenborg makes his way around these parts at times with his great photos. Jake: Anything planned soon for photos of this area? There is also a lot of work going on Woodburn closer to or maybe already in Evanston with new construction and rehabs, and I think the Anthem site is supposed to start up pretty soon as well as the conversion from one way to two way, so in 3-5 years E. Walnut Hills / Walnut Hills will have a lot different feel than it currently does.
  12. Some updates in Walnut Hills/E. Walnut Hills: This building appears pretty close to being occupied, they have been working on for awhile, not sure if empty before: https://www.google.com/maps/@39.1277403,-84.4781757,3a,75y,263.43h,93.94t/data=!3m6!1e1!3m4!1s8DKXLb6Csp4D4l4SKXd_Zw!2e0!7i16384!8i8192 https://www.google.com/maps/@39.12784,-84.4785084,3a,75y,228.33h,98.97t/data=!3m6!1e1!3m4!1s367asYBsmLSFZ8kymOvvng!2e0!7i16384!8i8192 This building is finished and has adverts for rent: https://www.google.com/maps/@39.1270811,-84.483083,3a,75y,329.45h,99.94t/data=!3m6!1e1!3m4!1s8ZIKIZwy5Yu2zHdwkdW3HA!2e0!7i16384!8i8192 A lot of work has been put into the Alms building, it looks a lot better and they are still doing a ton of work like replacing windows and I am guessing interior work so it is actually livable for the people that have had to live in here. They also put up a gated fence around the yard, seems to be less loitering here and less police. It definitely has been an upgrade: https://www.google.com/maps/@39.1264215,-84.4845046,3a,75y,316.58h,107.45t/data=!3m7!1e1!3m5!1sY2mNRQUzB8WaK3NIWWpgIA!2e0!6s%2F%2Fgeo0.ggpht.com%2Fcbk%3Fpanoid%3DY2mNRQUzB8WaK3NIWWpgIA%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D138.0612%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192 I don't know if this is actually open for rent yet, it seems like they haven't quite finished, the Eastern Hills YMCA building: https://www.google.com/maps/@39.1254579,-84.4834279,3a,75y,12.16h,99.34t/data=!3m6!1e1!3m4!1sOQzmJFMVPYdTVfvfe6gWLQ!2e0!7i16384!8i8192 This one mentioned earlier being turned into apartments: https://www.google.com/maps/@39.1227719,-84.4865523,3a,75y,264.5h,97.34t/data=!3m8!1e1!3m6!1sFcyZRiCtUL84pecItBybWg!2e0!5s20190501T000000!6s%2F%2Fgeo3.ggpht.com%2Fcbk%3Fpanoid%3DFcyZRiCtUL84pecItBybWg%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D41.297806%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192 The Poste is probably close to being topped out if not already and really changes the feel of E. McMillan https://www.google.com/maps/@39.1260418,-84.4920693,3a,75y,234.39h,93.43t/data=!3m7!1e1!3m5!1sQHMMxx4ihR3t6DNMI1I_bQ!2e0!5s20190501T000000!7i16384!8i8192 This whole area is under construction and I'm curious to the feel of it when it is finished: https://www.google.com/maps/@39.1259478,-84.4906969,3a,75y,116.02h,95.68t/data=!3m7!1e1!3m5!1syNna5dD0Xv_yypdR1szCPA!2e0!5s20190501T000000!7i16384!8i8192 https://www.google.com/maps/@39.1259121,-84.4895405,3a,75y,232.93h,106.43t/data=!3m7!1e1!3m5!1sEba6vKOiKcjjoRwlZEOR-g!2e0!5s20190501T000000!7i16384!8i8192 https://www.google.com/maps/@39.1256257,-84.4904636,3a,75y,64.17h,101.74t/data=!3m7!1e1!3m5!1spgGcx3z0flkdC91lMbcVmA!2e0!5s20190501T000000!7i16384!8i8192 This building is getting close to finished on the outside and my lord is it hideous but at least better than a vacant lot: https://www.google.com/maps/@39.1258837,-84.4893092,3a,75y,148h,102.99t/data=!3m7!1e1!3m5!1sTKOTcgAdPdwsojoElGQ5LQ!2e0!5s20190501T000000!7i16384!8i8192
  13. Weird, just read a report on convention centers being around 1.5x money multiplier (I must have read something in college and actually remembered it). For sports stadium, it is negative, 83% of economists agree: https://research.stlouisfed.org/publications/page1-econ/2017-05-01/the-economics-of-subsidizing-sports-stadiums/
  14. I can maybe speak to a little just as experience doing conventions elsewhere, when you are setting up a booth and up at 6 am for meetings at 7 am the whole time then meetings after until 9 pm, it's nice to be right next to the convention center. They really are a ton of work. I've done shows in Vegas and KC and Bangkok and others, and the one in Vegas is always a major drag because you have to walk a mile and a half to get to the covention center, stand around all day passing out cards, then walk all the way back. You don't ever have any time to actually check out any of the cities at all. Maybe you would go for a walk down to the park, but really by the end of the day and all the meetings all you really want to do is go back to your room, take a shower, stretch, then go to bed. Long story short, the need for a high class hotel right next to the convention center is necessary. What conventions do help is the hotel tax revenue and some restaurants close by (including famous city restaurants for more power meetings) and it would help the further out hotels I assume a bit in regards to the visitors of the conventions (buyers and manufacturer reps) (though not necessarily). Convention Centers IMO really aren't a massive economic generator besides hotel tax revenue which is an important part of a city's book but it doesn't drive economic development at all really in the surrounding areas, similar to stadiums in a few ways but actually probably help out with employment better with hotel jobs. Something like the streetcar probably generates (just completely spitballing) but probably 8x money multiplier where a convention center is probably 1.5x money multiplier and stadiums are probably 0.5x AT BEST or most likely a massive negative multiplier like Paul Brown stadium.
  15. ^I would bet they get moving quickly on this, like how the new Kroger came about, move quickly from demolition to construction, I doubt it sits around vacant for a long time a la Fourth and Race.
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