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Cincinnati: Pendleton: Development and News

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I hope everyone got a chance to check this place out on the tour, it looks like it will be awesome. From the Glass House Lofts mailing list:

 

 

We had a GREAT success at the 10th Annual Downtown Tour of Living. We were please to see over 1,000 people tour through the exciting new Glass House Lofts, full of great feedback, suggestions, and comments. We appreciate it. Please remember to mark your calenders for November 14th, when we will be having a complimentary wine and cheese opening event sponsored by PNC Mortgage. Be among the first to tour the completed model and common spaces and bring your friends! Thanks again for coming.

 

Regards,

Gregory L. Kiep & Cathy Frank

 

Wine & Cheese

Ribbon Cutting

 

Please join Comey & Shepherd, Patrick Korb Design Consultants, Fat City Properties, and Ryan Kiefer at PNC Mortgage to launch this exciting project! Complimentary wine and cheese will be served while you tour the newly finished club room, atrium, and models! Don't miss it!

 

Where & When

512 Reading Road

Cincinnati, Ohio 45202

14 November 2008

5:00PM-8:00PM

 

http://www.pendletonlofts.com/

 

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There wasn't much to see when I went there on the tour. Since it was essentially a warehouse the floors were empty, so they could cut them up into individual condos. All of the metal studs were in place, but that was about it (they did have some downstairs that had drywall up already).

 

That said, the place has definite potential. Nice view of Mt Adams from the front units.

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From the mailing list:

 

We have two closings this week, the lobby is coming along, and the exterior is almost finished! We have decided to combine our ribbon cutting with a holiday party - featuring refreshments and a tour of the newly completed building! More details to follow about the event.

 

Be sure to check out www.cincylofts.com for updated pictures!

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Here are some pics taken a couple days ago. Unit 101 closed today! It's the one that was open during the Tour of Living. The other 2 inhabited units will be photographed soon. They're both out of town for the holidays. The rest are in various stages of complete (as you soon will see). Pictures were taken by my better half, so they occasionally include me. Enjoy...

 

Exterior

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Entryway art

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Lobby

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Unit 101 (partially moved in)

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(waiting to be installed in the island)

 

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Unit 102

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Staircase

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Floor 2 Elevator

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Floor 2 Old door in hall

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Unit 203

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Unit 204

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Unit 301 (model)

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Unit 401

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Unit 402 (with furniture waiting to go into the model)

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To be wine cellar

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Basement

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Yeah, and Unit 203 will have heated stained concrete floors and a concrete counter in the kitchen. The granite in 101's kitchen is incredible too, I should get a better pic of it

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In the Centennial Park Plan Broadway Commons is slated to become a park. How big, I don't know. That could really make those prices explode. I think that a park in combination with development would be the best answer.

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^Hundreds of millions of dollars could be better spent on that site. Arena's basically just suck the city/county dry. It would be nice if Cinci had an NBA team though.

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^Hundreds of millions of dollars could be better spent on that site. Arena's basically just suck the city/county dry. It would be nice if Cinci had an NBA team though.

 

Screw the NBA ... more like NHL ... (I love how we're saying the same thing in different threads ;) )

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If we want a thriving/vibrant center city then we need LOTS of residential.  OTR needs to be filled up by current standards, mid/high rise projects need to fill vacant lots in the CBD, and this site needs to be developed to the degree of OTR and the Westend.  Those kinds of residential densities would really do wonders for the center city.  What makes is all feasible though?  Streetcars.

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^I've actually been thinking lately that the Broadway Commons site would be perfect for building a completely new neighborhood.  Although I absolutely love the 100+ year old buildings and a car-free lifestyle that OTR offers, they're not everyone's cup of tea.  I wouldn't mind seeing that whole site covered with brand new townhouses, with rooftop decks, garages as the first floor of each unit, and a little more yard than you'd get in OTR.  Not quite suburbia, but also not as urban as the other nearby neighborhoods.  I'm picturing something similar (but less expensive) to what they're doing with Corbin Park over on Riverside Drive.  It might be a way to pull some people into downtown who would otherwise move to neighborhoods further from the city itself, and increasing the nearby population could help fuel the redevelopment of deteriorating buildings in OTR.

 

index.php?action=dlattach;topic=554.0;attach=3629;image

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Open house at Glass House today and tomorrow 1-4!

 

Check out the progress since the tour of living including the new model unit!

 

512 Reading Rd in Pendleton

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Developers 'jump in with both feet' for Pendleton loft project

http://www.soapboxmedia.com/devnews/glasshouselofts0414.aspx

 

The model unit is now open at Glass House Lofts at 512 Reading Road in Pendleton, the first development project by Fat City Properties, LLC.

 

Developers Ben Anderson and Chad Worz have transformed three former shipping and warehousing buildings of the H. Neuer Glass Company into a combination of 11 single-level and two-level industrial loft condominium units, eight of which have city views.

 

"We definitely jumped in with both feet with this," Anderson says.   "A 33,000-square-foot condo development project, from gutting it to flipping it....We were naive enough to jump in, but optimistic enough to know that it's going to work regardless if you have a space that's cool enough."

 

Priced from between $167,000 and $319,000, six of the units have already sold.

 

"We haven't been really beat up by the economy," Worz says. "I feel like people are trying to move downtown. You have the young professionals and you have the downsizers."

 

After several months of looking at properties in and around downtown, the duo was sold on the buildings as soon as they saw them.

 

"We saw the buildings, we saw the steel, and we thought, 'This is the building,'" Worz says.

 

The units come in various shapes and sizes, but all feature two bedrooms, two bathrooms, and exposed duct work, beams, and utilities.

 

Buyers are free to customize, from the countertops and flooring to additional walls

 

"Some people come in and they love the brick, some people want it painted," Worz says. "And that's part of our intent too down here -- we give everybody the opportunity to customize their unit."

 

Upon closing, buyers get three hours with Patrick Korb, designer of all of the units.

 

"He's got a really unique feel for where we can go with these things," Anderson says. "It's been fun to see the different people finish it out and work with Patrick and see the wide range of what he can do.

 

Anderson and Worz plan on beginning work on two rooftop decks and an underground wine cellar by mid-spring.

 

And they say that they'll definitely tackle another project.

 

"I'd say without a doubt," Worz says. "You've gone to school now for three-and-a-half years on how to do an eleven unit development. If you didn't do it again, it would be kind of like getting a degree and not really practicing that degree. So I can't imagine not doing it, because I feel like the next one we did we would be a little bit better than even this one."

 

glasshouse_exterior_350.jpg    glasshouse_interior_350.jpg

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i don't got that kind of money! but you should all buy one

 

too new for my taste.

 

What do you mean?  The decor or the building? 

 

i don't got that kind of money! but you should all buy one

 

I dont HAVE.  This isn't Fairfield.  :wink:

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I drive by this daily. The only aspect that I don't like, is the mixed-brick exterior treatment, but overall, it is a huge improvement. A shame they haven't reconstructed the sidewalks and removed the power lines!

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I drive by this daily. The only aspect that I don't like, is the mixed-brick exterior treatment, but overall, it is a huge improvement. A shame they haven't reconstructed the sidewalks and removed the power lines!

 

That's not really up to the developers...especially when it comes to a project this small.  Furthermore, you'll see the power lines buried and the streetscaping redone when there is more of a critical mass out in that area combined with people demanding such action.

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Oh, I wasn't implying that. Actually, I've noticed Duke Energy out there replacing the old poles for the past week... but it seems that they are not burying any new lines in the vicinity.

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i don't got that kind of money! but you should all buy one

 

too new for my taste.

 

What do you mean?  The decor or the building? 

 

i don't got that kind of money! but you should all buy one

 

I dont HAVE.  This isn't Fairfield.   :wink:

 

That's what I want to know ... MTS, the building or decor? You're crazy either way. lol

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Unit #5 under contract

:clap: :clap: :clap: :clap: :clap: :clap:

 

Bring on 6 and 7.  So does Fat City have any future plans?  If so, spill!

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i don't got that kind of money! but you should all buy one

 

too new for my taste.

 

What do you mean?  The decor or the building? 

 

i don't got that kind of money! but you should all buy one

 

I dont HAVE.  This isn't Fairfield.  :wink:

 

That's what I want to know ... MTS, the building or decor? You're crazy either way. lol

 

The age of the building.  I'm a pre war building kinda guy!

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i don't got that kind of money! but you should all buy one

 

too new for my taste.

 

What do you mean? The decor or the building?

 

i don't got that kind of money! but you should all buy one

 

I dont HAVE. This isn't Fairfield.   :wink:

 

That's what I want to know ... MTS, the building or decor? You're crazy either way. lol

 

The age of the building. I'm a pre war building kinda guy!

 

This building was built in 1940.

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1940... Just missed.

 

And Fat City is looking into new plans but there's nothing to report yet. As the Soapbox article said you don't do all this learning to not use it again.

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Unit #5 under contract

Bring on 6 and 7. 

 

6 & 7 under contract, #8 will probably be by the end of the week. That will only leave 3 units, get em while ya still can!

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1940... Just missed.

 

And Fat City is looking into new plans but there's nothing to report yet. As the Soapbox article said you don't do all this learning to not use it again.

 

Since the building was built in America, does that make it a "pre-war" building considering we didn't enter until 1941

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With the streetscape improvements and activity brought by the Horseshoe Casino, were starting to see activity with some of the abandoned buildings. This is in the 500 block of E 12th Street:


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

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