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See the Cincinnatian Hotel’s $6 million renovation: PHOTOS

By Tom Demeropolis  – Senior Staff Reporter, Cincinnati Business Courier

 

The Cincinnatian Hotel, Curio Collection by Hilton, has finished its $6 million renovation.

One of the oldest hotels in Greater Cincinnati started interior demolition last fall on the public spaces on the first and second floors. That work is now complete, with the hotel hosting a grand opening 4-7 p.m. Thursday, Oct. 11.

 

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That lobby used to look very 90's post modern, this remodel looks great. Also where can I get that portrait of the Cincinnati skyline that changes between 1888 and 2018? 

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Port buys downtown parking lot for nearly $12 million

 

map250fifth-street*750xx1118-629-41-0.jp

 

The Port of Greater Cincinnati Redevelopment Authority has purchased the parking lot south of Duke Energy Convention Center for nearly $12 million.

 

More below:

https://www.bizjournals.com/cincinnati/news/2018/10/11/exclusive-the-port-buys-downtown-parking-lot-for.html


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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Random question for those who might know TIFs better than me (i.e. anyone with a pulse): Because the city owned the property prior to selling it to the lessee, do all the proceeds from the sale of the Whex garage (~$1.8m) go directly into the relevant TIF account? Or is that windfall not part of the so-called "tail"? 

Edited by Pdrome513

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On 10/13/2018 at 10:49 AM, Pdrome513 said:

Random question for those who might know TIFs better than me (i.e. anyone with a pulse): Because the city owned the property prior to selling it to the lessee, do all the proceeds from the sale of the Whex garage (~$1.8m) go directly into the relevant TIF account? Or is that windfall not part of the so-called "tail"? 

I’m not 100% sure, but my understanding is that the only source of funding into the TIF is from property taxes. So, the full sale proceeds would go to the seller. That’s my understanding, though I could be mistaken. 

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Individual sales have nothing to do with TIF funds (other than a rising tide in appraised value hopefully).  It has to do with the increase (i.e. the "increment") from a frozen base value of property taxes when the TIF area was established.  E.G. if the area had an assessed tax value of $1,000,000,000 when established, and now the area an assessed tax value of $1,500,000,000, the taxes on the "new" $500,000,000 in value go to the TIF district, not the original taxing jurisdictions like City, County, Schools, Fire, etc.

Edited by The_Cincinnati_Kid
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Just an observation, but there seems to be someone clearing trees near the old Torrence Road Station on the East Side. Any ideas what may be going on here? Some you are better sleuths than me when it comes to finding these things out.

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Developer seeks tax credits, again, for $38M conversion of historical downtown building

 

provident7thandvine*750xx1800-1014-0-137

 

The Indianapolis-based real estate company planning a nearly $38 million conversion of a historical downtown Cincinnati office building into apartments has applied for state historic tax credits for a second time.

 

Pearl Cos., which purchased the Provident Bank Building at 642 Vine St., is requesting $3.75 million in Ohio Historic Preservation Tax Credits. The developer bought the building from Diamond Properties for $6.75 million. Jeff Tegethoff, president of Pearl, plans to convert the class C office building into 160 market-rate apartments.

 

Pearl applied for the same amount from the state in round 20, but did not receive it. The last round of state historic tax credits was awarded on June 20. 

 

More below:

https://www.bizjournals.com/cincinnati/news/2018/11/07/developer-seeks-tax-credits-again-for-38m.html


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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^Really hope that Provident Bank Building project moves ahead with or without the tax credits. Would be great to get 160 apartments in that part of the CBD, which doesn't have much residential today.

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Hotel company launching new brand in downtown Cincinnati

 

building.jpg

 

A Chattanooga, Tenn.-based hotel management and development company is launching a new boutique hospitality brand in downtown Cincinnati.

 

Vision Hospitality Group, which purchased the Jeweler’s Exchange Building at 37 W. Seventh St., plans to convert the office building into a 94-hoom hotel. The new boutique hospitality brand will be called Kinley.

 

Officials with Vision Hospitality did not immediately respond to requests for comment.

 

More below:

https://www.bizjournals.com/cincinnati/news/2018/11/07/hotel-company-launching-new-brand-in-downtown.html


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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I've noticed a building going up quickly on Erie Avenue next to the square. No pictures but I looked it up, looks like they are building this as there are no renderings on site, only Terex signs

https://www.terrexllc.com/projects/falling-leaves/

 

It looks like it will add favorably to the square in terms of a bit more height and street front presence than what was there before.

 

https://www.google.com/maps/place/2633+Erie+Ave,+Cincinnati,+OH+45208/@39.1397488,-84.4442577,3a,75y,174.95h,89.63t/data=!3m6!1e1!3m4!1s41VLYiHULwheXeUzLBfa3w!2e0!7i13312!8i6656!4m5!3m4!1s0x8841b27bce7ecbbb:0x90b205f5e04f2ea8!8m2!3d39.1395134!4d-84.444199

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^Damn, this project is finally happening huh? I remember it was proposed, and I saw a very similar rendering probably 5 years ago. Glad it's finally happening.

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Neyer Properties applies for $2.8M tax credit to convert downtown department store

 

Neyer Properties has applied for nearly $2.8 million in Ohio Historic Preservation Tax Credits for its planned conversion of the former Shillito’s department store into a combination of office, parking and ground-level retail.

 

More below:

https://www.bizjournals.com/cincinnati/news/2018/11/09/neyer-properties-applies-for-2-8m-tax-credit-to.html

 

shillitosrendering*1200xx1267-714-0-63.j


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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Hotel brands lined up for downtown project; will 3rd time be a charm for tax credits?

 

Since acquiring Fourth & Walnut Centre in the heart of downtown Cincinnati, Mehul Patel has been set on converting the historical office building into a dual-branded hotel.

 

More below:

https://www.bizjournals.com/cincinnati/news/2018/11/14/exclusive-hotel-brands-lined-up-for-downtown.html

 

940783-Large-fourth-and-walnut-centre-ci


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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HCB Staff has denied the demolition of 819 Elm St. To recall, the developer wanted to demolish the historic building in place of a taller, more dense unit building with an additional child care center.

 

On one hand the HCB is right, they ownership had ownership of the building since 2012 and has made no effort to preserve the building what so ever. Also, there are plenty of surface lots nearby that could be redeveloped, so I'm not sure why they are purchasing and attacking a historic building in a historic overlay district, when there are so many unused surface lots nearby. 

 

Is it really that more expensive to purchase a large surface lot instead, and redevelop that lot, rather than to go through the hassle of getting approval from zoning board and the HCB?

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Get a look inside a former downtown factory turned apartments: PHOTOS

By Tom Demeropolis  – Senior Staff Reporter, Cincinnati Business Courier

 

The former home of the Hamilton County Board of Elections, and before that the Crane-Hawley Co., has nearly completed its transformation into 69 urban apartments.

Crane Factory Flats, located at 824 Broadway, is a redevelopment project of a roughly 85,000-square-foot building by Rookwood Properties. The total investment in the building is about $8 million.

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I know I say this a lot, but it's great to see the continued conversion of old office buildings into other uses like residential and hotel. Not only are these buildings better suited for those types of uses, but it also keeps pushing down the vacancy rates for downtown office space. (What was the old BOE building considered, Class B? Class C?) Eventually this will help make the case for the construction of new office buildings in the core, replacing parking lots and other vacant/underutilized areas.

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Haven't seen this project listed but it could be grouped in the ongoing efforts to reignite the West 4th Street corridor. This one story building was clad with some non-ironic Post-Modern EIFS. They've scraped all that off and built two floors above and are preparing another right now. Not sure how high this is going but they probably won't be able to go higher than 4 stories above the podium with a stick built construction.

 

Building on the northwest corner of 4th and Plum is being entirely gutted. It was the former home to SFA/PDT (now Elevar Design Group, the architect of record for FC Cincinnati Stadium) and now the Ashley Builders Group is moving in.

Perry and Plum.jpg

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^That Plum St project has been in the works for at least a couple of years. Plans were circulated at some point (possibly through the HCB?). I recall the new construction being "townhouse style" with side-by-side, multi-level townhouses with rooftop decks and patios. I'll try to find those plans (which may or not have have been altered significantly in the intervening years). 

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The plans for that project facing Plum St were in this HCB packet from 22 May 2017: https://www.cincinnati-oh.gov/buildings/historic-conservation/historic-conservation-board/may-22-2017-staff-reports-and-attachment-s/

 

The buildings at 400 W Fourth St will be renovated into first floor office with 4 condos above. The building at 415 Plum will use the existing ground floor structure for parking (for the 3 condos at 415 Plum and 4 condos at 400 W Fourth). And above the existing structure at 415 Plum,  the new construction above will be three 2-story townhouse condos. 

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56 minutes ago, Chas Wiederhold said:

This one story building was clad with some non-ironic Post-Modern EIFS.

 

Is there such a thing as ironic EIFS? 

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I had my car in for service last Friday at the Monro at Central Parkway and Walnut, and according to the manager the last day they are in operation is the end of December. Apparently they are going to demolish the building for a garage as the property owner is looking to capitalize on the reinvestment in the area. Not sure if a garage makes sense or is 100% accurate but looks like something will be happening on that site.

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6 minutes ago, mcmicken said:

I had my car in for service last Friday at the Monro at Central Parkway and Walnut, and according to the manager the last day they are in operation is the end of December. Apparently they are going to demolish the building for a garage as the property owner is looking to capitalize on the reinvestment in the area. Not sure if a garage makes sense or is 100% accurate but looks like something will be happening on that site.

Welp... that's interesting. I was just about to give them a shot (based on your recommendation)!  I will be glad to see that site re-developed, but I sure hope it's not just a garage that goes in there, since it's on the streetcar line and and right across Walnut from the new Kroger. Would be nice to have street-level retail and something more than just car storage. 

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I really hope it is something more than just a garage! Doesn’t look quite big enough to support a standard garage (two side by side parking bays are 120 ft.) 

 

With parking minimums repealed, a 500 space garage opening across the street, and streetcar proximity this would be a good spot to try out a residential/mixed use building with very limited parking like the Eighth and Main building in development...


www.cincinnatiideas.com

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It's a 15,000 square foot site. 100 ft by 150 ft. While a garage there is not infeasible, it would likely not be financeable after reviewing what is coming online in the next year or so in terms of parking (and the streetcar).

 

Looks like the current ownership entity is just a LLC for the previous owner who has owned it since 1983.


“All truly great thoughts are conceived while walking.”
-Friedrich Nietzsche

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Could be related to the 3CDC redevelopment of Court St.  Also, there is a gap in the Court St. street wall where they might sneak in a ramp:

https://www.google.com/maps/@39.1065269,-84.513192,3a,60y,343.11h,101.45t/data=!3m6!1e1!3m4!1sC7sDb7LdJDZxXxwIbgIskA!2e0!7i13312!8i6656

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I'm going to go out on a limb and predict a new office tower in the 10-14 floor range for Kroger at this corner.  The existing tower will be turned into apartments or even torn down. 

Edited by jmecklenborg

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17 minutes ago, jmecklenborg said:

I'm going to go out on a limb and predict a new office tower in the 10-14 floor range for Kroger at this corner.  The existing tower will be turned into apartments or even torn down. 

I would say you are partially correct. Kroger has run out of space in there existing building and has offices all over the CBD. There has been a request to bring more of the offices under one roof for some time now. We did studies and assessments about five years ago for Kroger on an office expansion at the downtown main tower. It was productive but nothing came of it. I doubt they will tear down the existing building, If anything build a new midrise office tower, and then use a floor or two to rotate offices from the old building as they do a major renovation. 

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FCC with the win again! Thank you lindners! Im sure the recent downtown Kroger and 3cdc court street rehabs are also playing some equation in all of this as well....

 

Now about the salvation army site on Central parkway and main...

 

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How about that old CMHA (Cincinnati Metropolitan Housing Authority) building on Central Parkway between Vine and Race?  Been waiting and waiting for something to happen there.


"Someone is sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett 

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Man if the city could find a better spot for the salvation army you could add a ton of residences on their block.  

 

You could say the same thing for the old CMHA building.  Wasn't there a potential development for their lot not that long ago?  

Edited by Cincy513

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49 minutes ago, troeros said:

FCC with the win again! Thank you lindners! Im sure the recent downtown Kroger and 3cdc court street rehabs are also playing some equation in all of this as well....

 

Now about the salvation army site on Central parkway and main...

 

I wouldn't give the Linder's credit for these projects but that is just me. Way more factors in play plus they are only doing any of the FCC stuff because it benefits them financially. If soccer was a money losing proposition there would be no FCC. Id give any credit (on these new developments) to those who are risking money and all the taxpayers who are funding all the rebates and infrastructure. The stadium will be a cool addition I hope but it isn't the motivating factor in these recent projects. I'm sure they have been in the planning stages for quite a while.

Edited by SleepyLeroy

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53 minutes ago, troeros said:

FCC with the win again! Thank you lindners! Im sure the recent downtown Kroger and 3cdc court street rehabs are also playing some equation in all of this as well....

 

Now about the salvation army site on Central parkway and main...

 

A cautious reminder that nothing has been announced ... and so this is all speculative at this point. 

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The center of the city is quickly pulling away from Fountain Square.  The closure of Macy's was a big deal -- we're now going to have 5 years before that block is redeveloped.  Meanwhile, nothing new is going on at The Banks. 

 

Kroger is right in the center of the push north.  They have the power to really put Central Parkway over the top.

 

So we're seeing the nightmare unfold that the blue bloods have feared for 100 years.  We can see why there was an effort to keep OTR down for 50 years after WWII.  The charm is pulling people out of downtown and its parking lot craters.  People don't like to walk around parking lots. 

  

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Incentives for two downtown hotels head for City Council vote 

 

Tax breaks for two downtown hotels are headed to the Cincinnati City Council on Wednesday, but two members expressed growing concern over the items that are rewarded in such incentives.

 

More below:

https://www.bizjournals.com/cincinnati/news/2018/12/03/incentives-for-two-downtown-hotels-head-for-city.html

 

kinleycincinnati*1200xx1280-720-0-0.png


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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$100 million Kenwood project lands key approval

 

cikenwoodrender1*750xx2100-1181-0-10.jpg

 

A planned $100 million mixed-use development in Kenwood took a step forward Thursday night.

 

Sycamore Township Trustees voted 2-1 to approve a planned development for Capital Investment Group’s Gallery of Kenwood. Gregg Fusaro, partner with CIG, said with the approval, the firm will now move forward with detailed architectural drawings and financing for the project. 

 

More below:

https://www.bizjournals.com/cincinnati/news/2018/11/30/100-million-kenwood-project-lands-key-approval.html


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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8 minutes ago, jmecklenborg said:

The center of the city is quickly pulling away from Fountain Square.  The closure of Macy's was a big deal -- we're now going to have 5 years before that block is redeveloped.  Meanwhile, nothing new is going on at The Banks. 

 

Kroger is right in the center of the push north.  They have the power to really put Central Parkway over the top.

 

So we're seeing the nightmare unfold that the blue bloods have feared for 100 years.  We can see why there was an effort to keep OTR down for 50 years after WWII.  The charm is pulling people out of downtown and its parking lot craters.  People don't like to walk around parking lots. 

  

They literally just announced a couple weeks ago that the county and the Bengals came to an agreement on the location of the music venue.  So there will be something new going at at the banks.  And with the lot with the parking garage already completed officially not hosting the music venue that can move forward with development.  Sadly I do think the fountain square building will take way too long to redevelop.  There are too many people with ownership of that space, the perfect illustration of too many cooks in the kitchen. 

 

But fountain square is and will always be the center of the city for business.  It's where the most employee are.  It's where the hotels are.  That's not going to change.  OTR has become the center for restaurants and bars, though Walnut by Aronoff and the banks are still very busy and popular every weekend.  This city is big enough that there doesn't need to be one "center" for everything.  The development of OTR, the banks, Pendleton and soon to be West End is good for the overall city.  

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Central Parkway is certainly poising itself as an important spine in the city as the development in Over-the-Rhine is balanced by development in the CBD. I do think that the FC Cincinnati stadium will impact the corridor positively. The zoning change packet shows 6 story future development screening the stadium and I could imagine that density of development infilling from City Hall to Liberty between Plum/Central Parkway and Central Ave. Interesting because, while it may have taken 100 years (1929-2029), the vision predicted in the image below might actually happen (with contemporary architecture rather than Second Empire/Beaux Arts, of course): 

cincinnati-canal-central-parkway-3.png

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And to think literally 12 years ago, there are threads and posts on this very forum on the state of otr and the immense crime and how it was essentially a doomed neighborhood. How the cbd was just as dangerous and no suburbanite would dare to step foot anywhere close downtown, especially that bordered close to otr. 

 

Literally 12 years later, we have a new world class urban grocery store with dense resdential units on Central parkway, a world class soccer stadium that will draw tourists from all over America and other parts of the world, future developments of central parkway with hotels, bars/restaurants, day care facilites, offices, etc...all the while otr is becoming the literal beating heart of cincys business and tourism for suburbanite and people from across the globe. 

 

Its crazy. Especially since it felt like yesterday when otr was declared as America's most dangerous neighborhood and on a list of the most endangered neighborhoods. 

 

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That "OTR is the most dangerous neighborhood" thing was bunk from the beginning. I forget the details of the methodology, but it was like one census tract with little recorded population being the census tract with the most violent crimes per capita. It wasn't the whole neighborhood, just one corner, and the "per capita" measure isn't a great one in a place which gets a lot of visitors or transients who aren't recorded as residents.

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Right, the "most dangerous neighborhood" thing was clickbait. And virtually no one on this forum 10 years ago thought that OTR was a "doomed neighborhood."

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