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Cincinnati: Downtown: Eighth & Main Redevelopment

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4 minutes ago, taestell said:

Fun fact: the Eighth & Sycamore building uses a "dusty rose" KolorShift coating.

 

From the "Not enough parking on Court St" Collection

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I don't know why but I am really nerded out about this development. Reasons:

 

1.) See how it rents out itself with no parking

 

2.) See how this translates to the next building but not only that, future buildings as I am sure other developers are watching this one closely

 

3.) I am excited to see if this and the second building could also help with more redevelopment of Main Street in the CBD.

 

4.) Along with point 2, this could also maybe help with redevelopment of Main and Central Parkway in regards to low parking mins

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^Great pictures.

 

Despite a couple big parking lots, that section of downtown is a very pleasant mix of old and new buildings and has seen a good amount of investment.

 

All we need now is the Fortune 500 headquarters on the Denison Hotel site... 

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I only wish this building could have also taken up the parking lot next to/behind it.  Hopefully this place leases up quickly and shows that you don't need to build parking with every new residential building. 

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10 minutes ago, Cincy513 said:

I only wish this building could have also taken up the parking lot next to/behind it.  Hopefully this place leases up quickly and shows that you don't need to build parking with every new residential building. 

Honestly, I kind of like that its smaller. I feel like every new development nowadays are these massive, entire block buildings. Its a nice change of pace. Like you said, hopefully it kicks off the new trend of no parking in buildings. Either way its exciting!

 

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Does any one know if they are moving forward with developing the lot across the street? I’ve checked cagis but haven’t seen any postings. 

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34 minutes ago, lobanio0 said:

Does any one know if they are moving forward with developing the lot across the street? I’ve checked cagis but haven’t seen any postings. 

I am assuming they are waiting to see how these apartments rent out before moving forward with a second tower.

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It likely will be wait-and-see until they get a good reading on how in-demand these are.  Hopefully they do well, because other developers will also take a look at micro-apt and no parking if this does well.  A project like this is the best way to address rising rental rates in city cores all over the US.

 

It is so refreshing to see a new, decently tall building without a parking garage under it.

Edited by 10albersa
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So I’ve been riding by the site daily, a couple weeks ago the north lot put up a sign employee parking only.  It’s mainly been construction workers using the lot. Today though they stared storing steel rebar.  I know it’s for the site next door, but it seems promising it’ll lead to the next development moving quickly. 

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Heading south on 71 before the tunnel you can see the tower cranes have been up for a while. In my mind I was wondering if you'd be able to see the top of this building over the others...lo and behold you can now see the building from this angle! Nice!

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Whats the overall background of this developer? 

 

Curious as to what motivated this developer to pursue a development (high density, almost no dedicated parking structure or lot) like this in Cincinnati of all places? Obviously i'm ecstatic this is happening, and hopes it leases well, but why can't we have more developers like this one have the same mindset and willingness towards development of dense residential in the urban core? 

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4 minutes ago, troeros said:

Whats the overall background of this developer? 

 

Curious as to what motivated this developer to pursue a development (high density, almost no dedicated parking structure or lot) like this in Cincinnati of all places? Obviously i'm ecstatic this is happening, and hopes it leases well, but why can't we have more developers like this one have the same mindset and willingness towards development of dense residential in the urban core? 

 

Good question. I would guess that they believe it will work well (pretty obvious with the investment they are making!), but secondly on other developers, believe that they may be playing wait and see how this one does. That is what I am most excited about, if this does really well, it may touch off some more developments by other developers in downtown with low dedicated parking!

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9 minutes ago, troeros said:

Whats the overall background of this developer? 

 

Curious as to what motivated this developer to pursue a development (high density, almost no dedicated parking structure or lot) like this in Cincinnati of all places? Obviously i'm ecstatic this is happening, and hopes it leases well, but why can't we have more developers like this one have the same mindset and willingness towards development of dense residential in the urban core? 

 

I speculate that there is so much excess parking now that Encore has been built they can get away with just leasing monthly spaces in adjacent lots and garages for most of the units. Remember we have over 42,000 parking spaces in the CBD. I don't know how many exactly are within a 5 minute walk from 8th and Main but with Encore and Court and Walnut plus some of the other garages, the number is easily around 1500-2000 spaces.


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

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In fact It’s quite the opposite, there is not enough parking in the CBD during the weekday. At least in that area every lot is always full, and the street parking is often full as well, perhaps a result of vacancy rates in the surrounding apartments being extremely low. 
 

That area is picking up quite a bit. From Cheapside to Taqueria Mercado down to Government square, it’s quite a lively area of the CBD. Given the new restaurants, Main Street retail, and the low vacancy rates I mentioned, I wouldn’t be surprised if they did start construction on the second tower soon after completing the first. 

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1 hour ago, troeros said:

Whats the overall background of this developer? 

 

Curious as to what motivated this developer to pursue a development (high density, almost no dedicated parking structure or lot) like this in Cincinnati of all places? Obviously i'm ecstatic this is happening, and hopes it leases well, but why can't we have more developers like this one have the same mindset and willingness towards development of dense residential in the urban core? 

 

This project was originally proposed as a condo tower and was going to be developed by Terrex and Rick Greiwe. At some point it was determined that the project would not work as condos and it was changed to apartments. The developers currently involved in the project are North American Properties and NorthPointe Group, I believe. The condo tower was going to have parking (about 1 space per unit) but it was removed when it was changed to apartments.

 

I think the developers know that people are smart, if they want to live downtown and bring their car with them, they can buy a spot in one of the many lots or garages located nearby.

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47 minutes ago, Pdrome513 said:

In fact It’s quite the opposite, there is not enough parking in the CBD during the weekday. At least in that area every lot is always full, and the street parking is often full as well, perhaps a result of vacancy rates in the surrounding apartments being extremely low. 

 

I find it hard to believe that all of the garages downtown are full on a typical weekday. Of course a lot of people are willing to pay a premium to park in the garage closest to their office building, but there has got to be a lot of parking available at The Banks or at some of the garages on the periphery of downtown.

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35 minutes ago, taestell said:

there has got to be a lot of parking available at The Banks or at some of the garages on the periphery of downtown.


JACK Casino lot is far from being full on weekdays. Not exactly a prime location, but it's very close to where I work and many of my co-workers have passes there. 

Edited by Largue

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Everything near the courthouse is swamped until just before lunchtime, then it starts to thin out.  Of course it's all nearly empty by 6 PM. 

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I have worked downtown since 2004.  I have parked in a variety of lots/garages.  Only on rare occasion are any of the garages full.  There is ample parking downtown.  Anyone who says there isn't really means, "There aren't enough cheap surface parking spaces one block from my building".   

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2 hours ago, JoeHarmon said:

I have worked downtown since 2004.  I have parked in a variety of lots/garages.  Only on rare occasion are any of the garages full.  There is ample parking downtown.  Anyone who says there isn't really means, "There aren't enough cheap surface parking spaces one block from my building".   

 

But where exactly?  Like I said, the courthouse area fills up completely (garages and lots are closed for much of the morning except to monthly pass holders).  Same with the Gateway garage.  It could be totally different at East 4th Street or near City Hall.  

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Doesn't the new Court and Walnut garage serve the courthouse and county administration building pretty well? I can't imagine that it's getting full already.

 

And what's going on with that parking lot on Lockport? I saw it was getting dug up for something...

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1 hour ago, taestell said:

Doesn't the new Court and Walnut garage serve the courthouse and county administration building pretty well? I can't imagine that it's getting full already.

 

And what's going on with that parking lot on Lockport? I saw it was getting dug up for something...

 

You would think, but it may also be partly taken up by construction workers too.  

 

Lockport doesn't exist anymore, the city re-signed it as Eggleston.  Anyway, there used to be a gas station at that spot, so they're digging out the old tanks.  

Edited by jjakucyk

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The Sycamore/15th lot that is hopefully going to become a new building in Pendleton is never filled up. The A&D garage does occasionally fills up, mostly in the winter though. The casino is never close to filled. Plenty of parking around the court house....

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1 hour ago, cincydave8 said:

The Sycamore/15th lot that is hopefully going to become a new building in Pendleton is never filled up. The A&D garage does occasionally fills up, mostly in the winter though. The casino is never close to filled. Plenty of parking around the court house....

 

Do you mean 12th?  That's a very recent change.  I think they kicked out all the monthly people but I'm not sure exactly what's going on there.  I see A&D every morning (used to park there myself), and it's closed to daily parkers every weekday morning.  Nobody's saying there isn't parking, but it gets swamped in that critical 8:00-10:00am timeframe before the cops and potential jurors get let out.  It doesn't matter if the lots are half empty at 4:00pm to someone arriving at 9:15am.  If you want to utilize alternative transportation means, but still need to drive from time to time (say for client or consultant meetings, site visits, bad weather, etc.) then you still may need to get a monthly pass somewhere to make sure you're not lugging stuff for four blocks on the client's dime or circling the streets in the snow.  Even getting a monthly pass isn't easy.  I hung on to my A&D pass and am "renting" it out to someone else until they can get their own spot with them, and it's been six months so far.  

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I meant 12th street, yes. I've been parking in a Levine spot for almost 7 years and I have never-ever seen the lot at 12th and Sycamore full. Even when half of it was closed for movie trailers a few years ago there were still plenty of spots in the morning. The only time I ever see A&D full is during the winter months or rainy days. Even if both were filled the casino is never close to being full. The idea that it's hard to find a spot to park near the courthouse between 8 and 10am is simply not true because if nothing else, you can always park at the casino. 

Edited by cincydave8

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31 minutes ago, jjakucyk said:

 

Do you mean 12th?  That's a very recent change.  I think they kicked out all the monthly people but I'm not sure exactly what's going on there.  I see A&D every morning (used to park there myself), and it's closed to daily parkers every weekday morning.  Nobody's saying there isn't parking, but it gets swamped in that critical 8:00-10:00am timeframe before the cops and potential jurors get let out.  It doesn't matter if the lots are half empty at 4:00pm to someone arriving at 9:15am.  If you want to utilize alternative transportation means, but still need to drive from time to time (say for client or consultant meetings, site visits, bad weather, etc.) then you still may need to get a monthly pass somewhere to make sure you're not lugging stuff for four blocks on the client's dime or circling the streets in the snow.  Even getting a monthly pass isn't easy.  I hung on to my A&D pass and am "renting" it out to someone else until they can get their own spot with them, and it's been six months so far.  

 

Garfield Garage on 9th is also never even close to being full. All of the surface lots on Eggleston have spaces available all the time. I would argue "lugging stuff for four blocks on the client's dime" is actually not a problem. My attorney wife does it. People in other cities do it. Walking four blocks takes a few minutes and is not a problem. That part of downtown has gotten to a point where it may be kind of difficult to park directly next to your office if you arrive in a very narrow window in the morning, otherwise there are literally thousands of open spots at all times. 

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Apparently the 12th & Sycamore lot is only doing full-day rates now, so that would explain why it doesn't get used by the courthouse people.  That "narrow window in the morning" just happens to be when most people arrive though, that's why it's called rush hour after all.  Thousands of open spots at all times is a gross exaggeration. 

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23 minutes ago, jjakucyk said:

Apparently the 12th & Sycamore lot is only doing full-day rates now, so that would explain why it doesn't get used by the courthouse people.  That "narrow window in the morning" just happens to be when most people arrive though, that's why it's called rush hour after all.  Thousands of open spots at all times is a gross exaggeration. 

 

By literally thousands I meant in the entire CBD, not just on Court Street. It is not an exaggeration to say there are always more than 2,000 spots open downtown. And I guess my point is the idea that it should be easy to find a parking spot next to your building during rush hour has to die, just like the idea that you should always be able to park directly in front of your house, or directly next to the entrance to the mall. Or directly next to anywhere! We can't build our city based on maximum convenience during rush hour. Get to work early. Take the bus. Ride a scooter. Live closer. Otherwise, be willing to walk four blocks. It won't kill you, and the whole city will be better off for it. (And I mean the royal you here, not you specifically).

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I agree with what you're saying, but at the same time you have to look at it from the point of view of someone making rational decisions based on the situation at hand.  If the choice is between a 20 minute drive with an employer-provided parking space or a 40 minute bus ride (with another 10-20 minutes walking on either end) and no flexibility then it's pretty difficult to take the high road.  Moving closer in is tough with housing prices being so inflated right now. 

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11 hours ago, jjakucyk said:

Nobody's saying there isn't parking, but it gets swamped in that critical 8:00-10:00am timeframe before the cops and potential jurors get let out.

 

When I last had jury duty I parked on Liberty Street in an unmetered spot and walked a few minutes down Main to the courthouse. It wasn't much longer of a walk than I have every day from my monthly lot to my office in the opposite corner of downtown - but it was nice not to have to pay money out of pocket to perform my obligatory civic duty. I actually found a $20 bill on the sidewalk on Liberty as soon as I stepped out of my car - I used it to get an Adriatico's pizza. I was also let off of jury duty that day and ended up not having to come back. Talk about win-win.

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