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Guest montecarloss

Cincinnati: Downtown: Seven at Broadway

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A more comprehensive solution to parking for P&G would be something good for the City to work on, though I think it would have to wait until after the Streetcar is built (all the way to UC/Zoo).

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we can thank AL NEYER development for misleading us all with his true intentions for this block. $lick bastard.

 

 

Here's my 2¢...

 

They branded it "St. Xavier Park". OK... but, where's the park?  there's nothing there but parking.

 

Take the entire block bounded by 7,8th, Sycamore, Main St. A huge lot...Replace it with an actual urban park. there's absolutely no greenspace in this quadrant of downtown as is. Build medium residential infill along 7th in the lot adjacent to the Church and the tiny lot next to Dennison whorehouse. (they filmed Traffic inside). Let the developers build their new hotel @Red cross site. Allow 3CDC to rehab the Denison into apts. Now, this bookends the power & krippendorf buildings, and makes for a nice tidy little plaza for the residents of the neighborhood.

 

the major obstacle will be convincing city council to accept a loss in tax revenue from replacing those lots with a public park.

 

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The parking lot will not go away for a long long time. The city does not own the lot and it is owned by a series of convoluted trusts and other instruments. Therefore, multiple parties need to get together to sell it once a buyer would be found. THere are restrictions in the trust that require it to be a parking lot, so whatever everyone's ideas are for taht block, keep dreaming because it will be a parking lot for a long time.

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Why would someone tear down a parking lot recently built anyway? I'd say stop dreaming for a while. It's better than the surface lot that was there. There's clearly investment going on on other blocks. Unfortunately, the downtown blocks are much more expensive than ones currently in redevelopment in OTR. That's why there have only been a handful of construction projects south of Central Parkway. Plenty of parking lots are left in Downtown, open for dreaming and visioning.

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The parking lot will not go away for a long long time. The city does not own the lot and it is owned by a series of convoluted trusts and other instruments. Therefore, multiple parties need to get together to sell it once a buyer would be found. THere are restrictions in the trust that require it to be a parking lot, so whatever everyone's ideas are for taht block, keep dreaming because it will be a parking lot for a long time.

 

I'm pretty sure those surface parking lots are owned by St. Xavier High School (since they are the original site of the school) and they are used as revenue for the school in some way.  I believe the same thing exists with the Woodward Trust around those parking lots south of the old SCPA building bounded by Sycamore Street.

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Once that casino goes up, look for a huge change with the surface lots in the immediate area.  St. Xavier Park will probably be long forgotten however, money talks and Dan Gilbert might have a huge say so if he decides to talk with P&G and owners of other lots.  All I know is there's plenty of room down in that area for craziness.  Residential, retail you name it.  That's a bigass lot behind what was supposed to be The Edge too.  I could be wrong but, wishful thinking neve hurts:)

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I think St. Xavier High School only owns that lot on the St. Xavier Church block.  That much bigger lot to the north is, I believe, still owned by a GM dealership that used to have a location there. 

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^ Jake is correct.  Xavier High School only owns the south lot.  (But don't be surprised if you see some changes on that in the next few years. I have it on very good authority . . .)

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Alright this topic has been dead for awhile, but as the Casino progresses I wanted to bring a few things back up. 

 

I've been told the air rights expire late this year or early next year on the last 3-4 stories that are available for development.  That would allow someone else to come in, but I doubt anything will be added on top as P&G has a master lease that has about 85% of the spaces in this garage and there's only room for 3-4 more stories of development.  :( I guess at a minimum I'd hope they just add 3 more stories of parking and then perhaps remove some other surface parking in the area.

 

The giant surface lot just around the corner that had been discussed in previous posts is owned by Columbia Oldsmobile, the owners of the land underneath the Chiquita Building and of a couple other smaller surface lots downtown.  They are currently suing the City & the Chiquita building owners for the Nielson sign added to the top of the building.  They are generally anti-development and progress.  They probably net $300-400,000 a year on a surface lot downtown that they do almost no work on. That location is perfect for a large new construction ~20-30 story residential tower. Unfortunately, I've been told they have expressed 0 interest to anyone who has approached them to sell the land.

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Kind of related. The garage next door where the proposed hotel is going has a sign on it saying it would be closed soon. Not sure what the date is, i saw it from far away. Interesting through they had the same sign up a little over a year ago and then took it down. Now it is back up. Maybe the hotel has secured financing

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I was just thinking about this project. I'm hoping everything gets through without issue. Bringing life to that side of Downtown is important. The area around this project can feel pretty dead and this will go a long way towards helping change that.

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Interestingly, we currently have a North, South, and Central anchor for downtown activity (OTR, The Banks, and Fountain Square). Many feared developments in another area would take away from the other (OTR/Banks from Fountain Square, Banks from OTR, etc), when in fact it has only multiplied total activity downtown.

 

We now need East and West anchors of activity. Perhaps this could serve as the East anchor. (and I completely understand this won't be an entertainment area, but it will inject some much needed life)

 

But where for the west.....

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From now until mid 2015 is going to be a busy period in terms of residential projects. I hope the momentum we're seeing continues into the second half of the decade. I'm loving it.

 

Are there any more detailed renderings of this project floating around somewhere? The ones provided don't show much and the elevations are hard to grasp a sense of character from. But knowing Senhauser I'm expecting it to be of high quality which should add some nice variety to the skyline from the north.

 

^The lot on Plum. That's begging for a tower of similar scale to the Pogue's Garage tower.

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A big day for development deals at Cincinnati City Hall

Chris Wetterich Staff reporter- Cincinnati Business Courier

 

Cincinnati City Council approved three key deals that will bring more apartments to downtown, add more residents and retail to the Banks and help fund a technology campus in Over-the-Rhine.

 

Council approved a $3.5 million grant on Wednesday to North American Properties and NorthPointe Group so they can build a seven-story apartment building on top of a parking garage at Seventh and Broadway.

 

http://www.bizjournals.com/cincinnati/news/2013/08/07/a-big-day-for-development-deals-at.html

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^That article make me so happy for many reasons. One, the number of new apartments being constructed right now is just awesome. Two, these three buildings are all going to offer great apartments that'll bring a lot of life to a somewhat slow part of Downtown. And three, they're not aiming for luxury. I think that's a huge win. The luxury market is great to have, but just as important is the lower income markets. 700-900 a month is a very affordable range for a lot of people and will be a lot more accessible than the rents we'll be seeing at places like @580, the Banks, the new tower on 4th, etc. I'm very excited about this. Plus it helps with three street level facades that need a little bit of love.

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^Agreed on all points.  I think the lack of provided parking is probably what is allowing these apartments to be offered from $700. Will this also have the effect of lowering the office vacancy rate, or were these spaces not included in those calculations before? If so, our office vacancy rate will be steadily decreasing with the removal of the Bartlett Building, 580, and Enquirer Building, and the addition of Pure Romance to the former Delta building.  If these trends continue, we might be ripe for another new office tower!

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very cool indeed. but the wrong thread :)  I was very confused at first about new buildings next to St. Xavier Park.  Someone has also posted the article in General Economic news for Cincinnati.

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Wonderful news. Is anybody else on here old enough to remember when 24-26 w7th housed the Oskamp-Nolting dept. store? I loved that old store, it was like an unexpected little gem. Wonderful toy department, outstanding train selection. The best part for me was the old elevator and the elevator operator/attendant. I am very pleased to hear of this development, downtown just keeps rolling along. Keep the good news coming.

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WOOHOO!

 

 

Al Neyer to build $22M downtown apartment tower: EXCLUSIVE

Tom Demeropolis Reporter- Cincinnati Business Courier

 

NorthPointe Group and North American Properties selected Al Neyer Inc. as the general contractor for their $22 million apartment tower above the Seventh and Broadway Garage.

 

Construction of the 111 luxury apartments is scheduled to start in January.

 

http://www.bizjournals.com/cincinnati/news/2013/11/20/al-neyer-to-build-22m-downtown.html

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Nice to hear some news about this project. I was wondering what was going on with it. This time next year there'll be so many large buildings under construction Downtown it's going to be crazy. I can't wait to see multiple cranes dotting the city's skyline.

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Does anyone have a list of current and planned buildings/conversions occurring in the CBD?  There have been so many announcements lately I can't keep up with all the progress.

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Does anyone have a list of current and planned buildings/conversions occurring in the CBD?  There have been so many announcements lately I can't keep up with all the progress.

 

Made this last night:

Downtown-Cincinnati-Projects-Map-111913.png

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WOOHOO!

 

 

Al Neyer to build $22M downtown apartment tower: EXCLUSIVE

Tom Demeropolis Reporter- Cincinnati Business Courier

 

NorthPointe Group and North American Properties selected Al Neyer Inc. as the general contractor for their $22 million apartment tower above the Seventh and Broadway Garage.

 

Construction of the 111 luxury apartments is scheduled to start in January.

 

http://www.bizjournals.com/cincinnati/news/2013/11/20/al-neyer-to-build-22m-downtown.html

 

The leasing people for NAP told me construction would start in early 2014, should be a very nice building.

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