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Cincinnati: Downtown: Gwynne Building

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2 hours ago, thesenator said:

Does anyone know who the developer is for the Gwynne Building?  Supposedly being renovated into a hotel.

The building was bought by Denver-based NuovoRE. 

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$53M conversion to high-end hotel planned for former P&G HQ

By Tom Demeropolis  – Senior Staff Reporter, Cincinnati Business Courier 

 

The new owner of a historical downtown office building that formerly housed Procter & Gamble Co.’s headquarters is planning to transform the building into a high-end boutique hotel.

 

NuovoRE, a Denver-based firm that focused on urban redevelopment, has submitted an application for the Ohio Historic Preservation Tax Credit Program to convert the Gwynne Building into a 181-room hotel. NuovoRE is seeking a $5 million Ohio Historic Preservation Tax Credit for the planned project. The total investment would be nearly $53.5 million.

 

“The goal is to update and refurbish the entire building bringing back its original glory,” according to the application.

 

Officials with NuovoRE did not immediately respond to requests for comment.

 

Cont


"It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton

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Thats great but how many hotels does downtown Cincinnati need? I feel like there have been so many hotel conversions as of late in the cbd. 

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3 minutes ago, troeros said:

Thats great but how many hotels does downtown Cincinnati need? I feel like there have been so many hotel conversions as of late in the cbd. 

But how many are high-end? Cincinnati has one luxury hotel, there's plenty of opportunity for more. 

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38 minutes ago, troeros said:

Thats great but how many hotels does downtown Cincinnati need? I feel like there have been so many hotel conversions as of late in the cbd. 


Sadly there has been lots of announcements but most are not actually under construction tho, some may never happen.

Edited by 646empire

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12 minutes ago, 646empire said:


Sadly most of the announced hotels are actually not under construction tho, some may never happen.

Do you know which are currently under construction?

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7 minutes ago, seaswan said:

Do you know which are currently under construction?

1. Lytle Park Hotel Autograph Collection (should be opening this winter they are hiring managers)

2. Kinley Hotel (Old Payless building 7th and race)

3. Marriott Towne Suites (Also at 7th and Race across from the coming Kinley Hotel)

4. The Ingalls Building (Marriott)

Edited by 646empire
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The Hilton, Hyatt and Westin are roughly 600 rooms each.  The Millenium has what, 800 rooms?  Those three hotels total nearly 2,000 rooms.

 

All the new downtown hotels combined, going back to the 21c, total maybe 1,400 rooms.  Yes there are a ton of new hotels but none of them are the traditional massive flagship.  

 

I did not fact check myself but I just know that every hotel is under 200 rooms, with most clocking in around 140-150.  The exception of the dual flag Hampton/Homewood that has around 250 rooms, which is really two 125 room hotels.

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It will be interesting to see where SORTA moves. Because so much of the Class B and C office space is being converted to other uses, they may have a hard time finding another affordable location downtown. Will they move to Norwood like the BOE?

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17 minutes ago, nicker66 said:

The Hilton, Hyatt and Westin are roughly 600 rooms each.  The Millenium has what, 800 rooms?  Those three hotels total nearly 2,000 rooms.

 

All the new downtown hotels combined, going back to the 21c, total maybe 1,400 rooms.  Yes there are a ton of new hotels but none of them are the traditional massive flagship.  

 

I did not fact check myself but I just know that every hotel is under 200 rooms, with most clocking in around 140-150.  The exception of the dual flag Hampton/Homewood that has around 250 rooms, which is really two 125 room hotels.


 

Your exactly right. Lots of potential hotels but all are on the small side. Also something interesting- now that the plan is to demolish the millennium hotel, Even if they go with the 1000 room option to replace it, it will actually only add about 160 rooms to the market (the millennium has about 850 rooms)

Edited by 646empire

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8 minutes ago, taestell said:

It will be interesting to see where SORTA moves. Because so much of the Class B and C office space is being converted to other uses, they may have a hard time finding another affordable location downtown. Will they move to Norwood like the BOE?

 

They are moving to the fifth floor of the Huntington Bank building. 

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7 hours ago, taestell said:

Will they move to Norwood like the BOE?

Given our current route set up, SORTA members would never use the bus system to even get to work if it is in Norwood, which should be a requirement.

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13 hours ago, DEPACincy said:

 

They are moving to the fifth floor of the Huntington Bank building. 


SORTA could have been a good tenant for the upper floors of the north library building


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1 hour ago, Chas Wiederhold said:

This is really one of the most unique historic buildings in Cincinnati what with its proportion, the metalwork, the bull sculptures 

 

Agreed - we are lucky that it wasn't lost at some point.  Unfortunately, upwards of ten buildings of its size and quality were flattened for Fountain Square, parking garages, etc.   

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Einstein Bros.' lease was not renewed and they left about 6 months ago. I wonder if the developer will also kick out the other ground floor tenants (Murrelle's Florist, Sibcy Cline, Saundra's Kitchen, and Shanghi Mama's) so they can use the entire first floor as lobby/restaurant/bar space.

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16 minutes ago, taestell said:

Einstein Bros.' lease was not renewed and they left about 6 months ago. I wonder if the developer will also kick out the other ground floor tenants (Murrelle's Florist, Sibcy Cline, Saundra's Kitchen, and Shanghi Mama's) so they can use the entire first floor as lobby/restaurant/bar space.

 

I'd say that's a safe bet.

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I personally and very happy with all these conversions and also on another thread I read the other day, very excited as well about the Traction Building conversion

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9 minutes ago, IAGuy39 said:

I personally and very happy with all these conversions and also on another thread I read the other day, very excited as well about the Traction Building conversion

 

At some point there will be almost zero Class B office space remaining downtown in this sort of building.  The Carew Tower could be the last Class B office building left.  

 

If Craigslist is any indication, I have seen small offices advertised in Columbia Tower (former Chiquita), so it might be the case that the 1980s towers are becoming the new Class B.  

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Yes it seems when you go across the CBD there are tons of buildings that need to be developed but it sounds like a lot of E 4th is coming on quick including the PNC tower, and then across 7th street but seems more of those are coming online as well. What will be left in buildings like these are rising rents for the Class B space until it turns into Class A or something else.

 

I'm curious the future of Carew Tower and if someone will look to update that in the next 3-5 years as well.

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11 minutes ago, IAGuy39 said:

Yes it seems when you go across the CBD there are tons of buildings that need to be developed but it sounds like a lot of E 4th is coming on quick including the PNC tower, and then across 7th street but seems more of those are coming online as well. What will be left in buildings like these are rising rents for the Class B space until it turns into Class A or something else.

 

I'm curious the future of Carew Tower and if someone will look to update that in the next 3-5 years as well.

 

I might be naive but I truly think that I. 5-10 years time downtown could have enough population density to help support an entertainment zone inside of the mall with new resturaunts and shops. I know malls are dying but it would still be nice to have some type of national retail presence back in carew.

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6 minutes ago, troeros said:

 

I might be naive but I truly think that I. 5-10 years time downtown could have enough population density to help support an entertainment zone inside of the mall with new resturaunts and shops. I know malls are dying but it would still be nice to have some type of national retail presence back in carew.

 

 

Or they could make it into a couple massive bars a la downtown Indianapolis, though I kind of doubt that with the Banks kind of taking that roll

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1 hour ago, troeros said:

 

I might be naive but I truly think that I. 5-10 years time downtown could have enough population density to help support an entertainment zone inside of the mall with new resturaunts and shops. I know malls are dying but it would still be nice to have some type of national retail presence back in carew.

 

What mall? Are you talking about the Carew Tower Arcade?

 

The arcade may always perform marginally. It's not the nicest arcade in downtown Cincinnati (see Dixie Terminal) and its too small to become a real destination driver. For that space to succeed they would really need to innovate with some kind of destination driver. 


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

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8 minutes ago, JYP said:

The arcade may always perform marginally. It's not the nicest arcade in downtown Cincinnati (see Dixie Terminal) and its too small to become a real destination driver. For that space to succeed they would really need to innovate with some kind of destination driver. 

Is it time to revive talk of locating the Beer Hall of Fame in this space?  I mean, with Rebel Mettle Brewery coming  and Listermann Brewing opening their German style beer hall in that corridor, maybe the time has finally come?  

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Excited for the Gwynne. And I hope they get the Historic Tax Credits, since that'll help ensure the historic fabric of the building is maintained.

 

 

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On 10/15/2019 at 2:42 PM, IAGuy39 said:

Yes it seems when you go across the CBD there are tons of buildings that need to be developed but it sounds like a lot of E 4th is coming on quick including the PNC tower, and then across 7th street but seems more of those are coming online as well. What will be left in buildings like these are rising rents for the Class B space until it turns into Class A or something else.

 

I'm curious the future of Carew Tower and if someone will look to update that in the next 3-5 years as well.

 

The is demolition in process on several floors of Carew Tower.  Is it exploratory in advance of a full renovation?

Edited by thesenator
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21 hours ago, thesenator said:

 

The is demolition in process on several floors of Carew Tower.  Is it exploratory in advance of a full renovation?

Is there any article about this? I hadn't heard anything about a renovation

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21 hours ago, thesenator said:

 

The is demolition in process on several floors of Carew Tower.  Is it exploratory in advance of a full renovation?

 

I heard before it's in connection with fountain place? Is this true? Curious about the reasoning for renovations as well considering there have been no articles written about this.

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