Jump to content
Sign in to follow this  
Guest richNcincy

Covington, KY: The Ascent at Roebling's Bridge

Recommended Posts

Building would be near Suspension Bridge

Publication Date: 05-26-2004

By Jeanne Houck

Post staff reporter

 

Corporex Cos. wants to construct a 17-story building on Covington's riverfront for $350,000-plus luxury condominiums, retail space and parking.  Representatives of the company presented the proposal Tuesday to the Covington City Commission, which is expected to vote on the plan in June.  In order to proceed, Corporex needs the city to approve changes in the development plan for the 1.06-acre site just west of the Suspension Bridge, and to rezone it from general commercial to central business district.  Corporex's plan includes:

 

•  A 17-story building with 14 floors of condominiums and three floors for a lobby, retail center and parking. There would be one floor of parking underground.

 

•  Seventy-two condominiums ranging in size from 1,200 to 5,000 square feet and in price from $350,000 to $375,000.

 

•  Some 40,000-square feet of common areas such as a plaza and a pool.

 

•  Retail space -- 9,500 square feet.

 

The property was cleared for development in February 2002 when Corporex and the city of Covington agreed to pay the site's former owner, The Renaissance Group, $1.2 million to settle a four-year-old lawsuit over the value of the land.  Renaissance, which had announced plans for an 18-story tower with offices, condos, parking and a restaurant, cried foul after Covington used eminent domain to force the sale of the parcel to the city in 1998 for $771,000.

 

More at http://www.cincypost.com

 

:clap:

Share this post


Link to post
Share on other sites

I used to work at Corporex, they had this on the drawing board when I started there in 1998, so don't look for it to happen soon. Also, he still has a high vacancy rate for the condos atop the Madison Place building just west of the Marriott. They are much higher end, but they haven't been selling. As for the comment about needing the economy to rebound, a large portion of the RiverCenter complex is still available for sublease, I'm sure at a much lower rate than what it would take to justify the building of a new tower, plus the City of Covington paid for the parking garage under RiverCenter, and I doubt they would put much into a new one unless a large tenant could be found.

Share this post


Link to post
Share on other sites

I disagree with what you say above. I think these units are resonably priced, therefor they will sell fairly quickly. The units in the madison place tower are like $1 million plus. Covington will not have to pay for any parking... there is going to be one level of parking to be built. Yes, this was on the drawing board a long time ago, did you forget that this land was in a court battle for over 4 years? Also, this tower will be a condo tower only, no office space so the office vacancy rate has nothing to do with this. I look forward to seeing renderings.

Share this post


Link to post
Share on other sites
Seventy-two condominiums ranging in size from 1,200 to 5,000 square feet and in price from $350,000 to $375,000. [/quote

 

OK that is a typo. Am I the only one that caught that?

 

If the 1,200 sq ft ones go for $350K then the $375K @ 5,000 is a steal.

 

LOL

Share this post


Link to post
Share on other sites

Covington gives initial OK to Corporex condo tower

Lucy May

Courier Staff Reporter

 

The Covington City Commission has given initial approval for construction of a new, 17-story condominium tower.  Covington City Manager Greg Jarvis told a group attending a real estate development seminar today that Tuesday night's vote is an important step in getting the Corporex Cos. project off the drawing board. 

 

The tower would include street-level retail and a 140-space parking garage, Jarvis said.  The bulk of the project would be made up of between 65 and 70 condominiums, ranging in price from $350,000 to more than $700,000.

 

More at http://cincinnati.bizjournals.com/cincinnati/

Share this post


Link to post
Share on other sites
Guest Cincinnatus

"Panoramic" Condos to Create New Skyline

Rooms With a Vision

By Larry Nager

The Sunday Challenger

 

COVINGTON-The architect who is reshaping Ground Zero and the developer who reinvented the Covington Riverfront are teaming up to revolutionize Northern Kentucky's skyline.  Daniel Libeskind, whose winning designs for the World Trade Center site cemented his place as the pre-eminent architect of our time, and NKY developer/visionary Bill Butler, whose RiverCenter complex transformed Covington from sleepy border town into thriving urban center, are collaborating on a dramatically innovative new structure unlike anything ever seen on either side of the Ohio River.

 

More at http://www.challengernky.com

Share this post


Link to post
Share on other sites

Hopefully it will eventually be joined by a handful of other towers in order to take attention away from the Corporex Towers, which are about as mediocre as it gets. Also, the site in front of the parking garage is still availible, and I'm sure there are long-term plans for the site where whatever that low rise building is between the bridge approach and the Roebling Row condos.

Share this post


Link to post
Share on other sites

I don't care if it's a big-box 30 story tower or this thing, BUILD IT!!!


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

Share this post


Link to post
Share on other sites

Maybe this development will expedite resolution of the whole issue with the Covingtion jail. It is my understanding Covington wants to put a park in the general vicinity but the jail is holding it up. Jack Quinn's has even threatened to pull out if something doesn't happen. Either way, this project is a huge plus.

Share this post


Link to post
Share on other sites

^

Uh, take a look at any of the half dozen threads following the half dozen projects in Cincinnati. True, we have not had a high-rise condo development since Adams Landing, but there have been around 500 new condo and apartment units added since 1998 with at least 100 happening in the next two years. Also, a 20 floor high rise is planned above the new parking garage at 7th & Broadway. Downtown has tons of old class-B office space left to redevelop, so it could be some time before a substantial amount of new construction takes place.

Share this post


Link to post
Share on other sites
Guest Cincinnatus

Oh CiNYC, ye of little faith, it only took the venerable Enquirer two extra days to get the story out, lol.  They are working at warp speed down there these days.

_____________________________

 

 

Condo tower coming to Ky.

Tuesday, October 5, 2004

 

--------------------------------------------------------------------------------

Architect famed for WTC site to design high-rise

By Ken Alltucker

Enquirer staff writer

 

Corporex Cos. hired a New York architect to design a $25 million high-rise condo tower in Covington at the base of the Roebling Suspension Bridge.  Corporex chairman Bill Butler and architect Daniel Libeskind plan the 18-story tower just west of the bridge.  It would add 75 to 90 condos to the Covington riverfront, a Corporex spokeswoman said Monday.

 

Libeskind won a competition to design the new buildings at the site of the World Trade Center - including the Freedom Spire, which would be the world's tallest structure.  He also designed the Jewish Museum in Berlin.

 

The Covington project's signature feature would be a sloping, terraced rooftop featuring gardens, landscaping and snapshot views of Cincinnati's skyline.  Butler wants to start construction in April for a September 2006 opening.

 

More at http://www.enquirer.com

Share this post


Link to post
Share on other sites
Guest Cincinnatus

By the way, I haven't added my two cents. I like the design and hope it gets built, but who knows whether it will? This isn't Corporex's first time in proposing something for that site if I'm not mistaken. I know they were proposing a similar sized tower about 5 years ago somewhere near that site anyway.

 

I'm puzzled by the spelling of Liebeskind's name too (by the by). I've previously seen it spelled with 2 e's, but I notice the articles use Libeskind as does his website, though plenty of websites spell it as I did. Liebeskind means something like "love child" in German, though I don't know if it has the same connotation in German as in English. Maybe he is trying to avoid that interpretation or maybe it is the Polish spelling of the name. Color me confused on that one. Maybe some learned architecture student can enlighten me.

Share this post


Link to post
Share on other sites

^

When the first tower was proposed, corporex was in a lawsuit battle over the land. That battle lasted roughly 5 years. It was finally settled early this year if I remember correctly. So this tower is the first that really has a chance to get off the ground.

Share this post


Link to post
Share on other sites

wow. that rules

 

my company just moved into river center, so i can sit at my desk and have a view of this thing while it is built. i can't wait

 

i wonder what the cost on the condo's will end up being. i'd love to live in a building like that.

Share this post


Link to post
Share on other sites

Covington lands luxury condos

By Bob Driehaus

Post staff reporter

 

Covington lost its riverfront Applebee's restaurant on Monday, but the city has something much bigger to crow about.  The city announced that Corporex Cos. is building a $25 million luxury condominium high-rise designed by Daniel Libeskind, chief architect of the new World Trade Center in New York.  The building promises to be something unique in Greater Cincinnati -- a fluid crescent-shaped, 18-floor centerpiece whose design is lightened with huge glass windows.  Groundbreaking is expected to be in April 2005, with completion by September 2006.

 

While the color scheme of the exterior has not been finalized, the building's shape and overall design will be a stark departure from the relatively uniform look of Corporex's other riverfront high-rises built in the last 15 years.  "The architecture will be just extraordinary when you see it three-dimensionally.  The roofline is a signature feature," said Bill Butler, chairman and CEO of Corporex Cos.  Libeskind will work in concert with GBBN, a Cincinnati architectural firm.

 

More at http://www.kypost.com/

 

Share this post


Link to post
Share on other sites

Here is another article, note the last line about the parking garage.  That is likely the key to the whole project.  Covington built the garage underneath RiverCenter and the Embassy Suites, the State of KY built the garage underneath Madison Place.  It will be interesting to see how fast the governmental powers react to get this going.

 

BTW, where did the rendering come from???????????

 

--------------------------------------------------------------------------------

 

Condo tower coming to Ky.

Architect famed for WTC site to design high-rise

By Ken Alltucker

Enquirer staff writer

 

Corporex Cos. hired a New York architect to design a $25 million high-rise condo tower in Covington at the base of the Roebling Suspension Bridge.  Corporex chairman Bill Butler and architect Daniel Libeskind plan the 18-story tower just west of the bridge.  It would add 75 to 90 condos to the Covington riverfront, a Corporex spokeswoman said Monday.

 

The Covington high-rise is the latest proposed in what's becoming a crowded urban condo market.  A December 2003 survey commissioned by Downtown Cincinnati Inc. showed more than 250 units were under construction at or near downtown with plans to build another 265 units.

 

More at http://www.enquirer.com

Share this post


Link to post
Share on other sites
Guest Cincinnatus

Prolix, we'll look forward to photo documentation from you of the building progress.

 

Good job Ronnie.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...