Development News (Cincinnati: credit, neighborhoods, university)

[rrtechno]

Originally Posted by Sarah Perry

Okay, it's a list, apparently you're able to figure out how to link to the downtowncincinnati site. It's not a list of new restaurants, and there's no personal commentary. I'm sure someone as urbane and sophisticated as you are has some favorites and recommendations. May we have them, please?

Thanks for the clarification, Sarah. I was wondering what site that list was stolen from. (as there was no citation)

[CinciFan]

edit

[rrtechno]

And don't forget, there are other Development Companies doing projects also.

[CinciFan]

Originally Posted by t45209

Another thread down the toilet. Thanks MH

Not my thread!!!

[SIZE=3]Great American Tower at Queen City Square[/SIZE]
[SIZE=3]Cost: $322 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]Cincinnati’s new tallest building was completed in the spring of 2011, and is 660 feet tall. Tenants include Great American Insurance Company, Great American Financial Resources, Frost Brown Todd, JPMorgan, KeyBank, Fort Washington Investment Advisors, IFS Financial Services, Analytic Partners, Lafayette Life, and Capital Analysts.[/SIZE]
[SIZE=3]Source: [/SIZE][SIZE=3]http://www.queencitysquare.com/tenants.php[/SIZE]


[SIZE=3]Photo taken by: Aaron Davidson[/SIZE]
[SIZE=3]http://www.flickr.com/photos/aarondavidson/[/SIZE]


[SIZE=3]The Banks[/SIZE]
[SIZE=3]Cost: $1 billion[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]Phase 1 was recently completed, and includes 300 apartments and 80,000 square feet of retail space. The apartments are 98% leased, and the retail space is about 82% leased. It should also be noted, that this project sits on top of the largest underground parking garage in North America, with over 3,300 parking spaces.[/SIZE]
[SIZE=3]Picture of phase one below:[/SIZE]


[SIZE=3]Phase two will begin before this summer, and is adjacent to Paul Brown Stadium. The garage which phase 2 will sit on top of is finished, and is roughly the same size as the garage supporting phase 1. Phase 2 will include another 300 apartments and 70,000 square feet of retail and office space.[/SIZE]
[SIZE=3]Source: [/SIZE][SIZE=3]http://thebankscincy.com/default.aspx[/SIZE]


[SIZE=3]Smale Riverfront Park[/SIZE]
[SIZE=3]Cost: $120 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]This 45-acre park is under construction, and is bounded by the Ohio River, the two sports stadiums, and the Banks project. It will include 12 acres of lawn space, an event lawn, grand fountains, walking and bike paths, interactive water features, and much more. It will also include a bike and mobility center. People will be able to rent bicycles at the center. Locker rooms, shower facilities, and bike storage rooms will also be available. As you can see in the video below, part of the park sits on top of the large garage which is part of the Banks project.[/SIZE]


[SIZE=3]http://www.youtube.com/watchv=CBZkJuZKq2g&feature=player_embedded#[/SIZE][SIZE=3]![/SIZE]
[SIZE=3][/SIZE]
[SIZE=3]Sources: [/SIZE][SIZE=3]http://mysmaleriverfrontpark.org/index.htm[/SIZE]
[SIZE=3]http://www.cincyparks.com/waterfront-parks/cincinnati-riverfront-park/index.shtml[/SIZE]


[SIZE=3]Moerlein Lager House[/SIZE]
[SIZE=3]Cost: About $1 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]This project is also a part of the Cincinnati Riverfront Park, and is being built by the Christian Moerlein Brewing Company. The exterior is a rather modern design, but the inside is meant to embody Cincinnati’s 19th and 20th century German beer brewing history. It will have a capacity of 500 inside and 600 outside in the beer gardens. Christian Moerlein will brew beer and grow its hops on site. It will open next month, and will serve all local Cincinnati beers, as well as beer from around the world![/SIZE]



[SIZE=3]http://www.youtube.com/watch?feature=player_embedded&v=BWAbUWJYiHo[/SIZE]
[SIZE=3][/SIZE]
[SIZE=3]Sources: [/SIZE][SIZE=3]http://www.cincyparks.com/waterfront-parks/cincinnati-riverfront-park/index.shtml[/SIZE]
[SIZE=3]http://www.urbancincy.com/2010/06/city-council-poised-to-approve-lease-agreement-for-4m-moerlein-lager-house/[/SIZE]
[SIZE=3]http://mysmaleriverfrontpark.org/index.htm[/SIZE]



[SIZE=3]Cincinnati Horseshoe Casino[/SIZE]
[SIZE=3]Cost: $400 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]This will be one of the first casinos in Ohio. Casinos are also being built by the same developer in Cleveland, Columbus, and Toledo. It is located on what was once a MASSIVE parking lot the outskirts of downtown in the Pendleton neighborhood. It is well under construction, and construction of the large 1.5 acre plaza will begin soon.[/SIZE]


[SIZE=3]Source: [/SIZE][SIZE=3]http://bridgingbroadway.com/category/news/[/SIZE]


[SIZE=3] [/SIZE]
[SIZE=3]Various Over-the-Rhine Neighborhood Projects[/SIZE]


Picture by Aaron Davidson

[SIZE=3]Washington Park[/SIZE]
[SIZE=3]Cost: $48 million[/SIZE]
[SIZE=3]This is one of the oldest parks in the city, and is directly across from the Cincinnati Music Hall. It will be 8 acres when completed, and sits above a brand new 450 space underground parking garage. The park will include interactive water features, various play areas, and an amphitheater. Since it is across from music hall, classical music will be played through the speakers. People will be able to download an app to their smartphones which will allow them to select the song they want to hear. The music will be synced with the interactive water features. This is supposedly the first such system in the county. The garage is basically finished, and the park will open this year.[/SIZE]


[SIZE=3]Source: [/SIZE][SIZE=3]http://www.3cdc.org/follow-our-projects/washingtonpark/[/SIZE]


[SIZE=3]Mercer Commons[/SIZE]
[SIZE=3]Cost: $53.5 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]This is a HUGE residential development on Vine Street. It is a total of 2.67 acres. The renovation of 19 historic buildings and 26 vacant parcels of land are included. The project will yield 126 rental units, 28 condominiums, 17,600 square feet of commercial space, and a 340 space parking garage. Construction will start very soon.[/SIZE]
[SIZE=3][/SIZE]
[SIZE=3][/SIZE]
[SIZE=3]Source: [/SIZE][SIZE=3]http://www.3cdc.org/follow-our-projects/mercer-commons/[/SIZE]


[SIZE=3]There are just too many 3CDC projects to list. Here is a PDF of current and planned projects, along with occupancy and revenue information: [/SIZE][SIZE=3]http://www.3cdc.org/images/editor/file/December%20Monthly%20Report_indd.pdf[/SIZE][SIZE=3]. Most of 3CDC’s completed condo projects are sold out, and there is high demand for more.[/SIZE]
[SIZE=3][/SIZE]
[SIZE=3][/SIZE]
[SIZE=3]U square at the Loop[/SIZE]
[SIZE=3]Cost: $78 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]This is a large mixed use development near the University of Cincinnati in Uptown. The project includes 150 apartments, two parking garages, office and retail space. Construction begins next week. [/SIZE]

[SIZE=3]Source: [/SIZE][SIZE=3]http://www.urbancincy.com/2011/12/construction-to-begin-on-78m-mixed-use-development-uptown-this-january/[/SIZE]


[SIZE=3]Schiel School Redevelopment[/SIZE]
[SIZE=3]Cost: $20 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]An old school has been demolished to make way for this mixed use development. It is also located in Uptown (Corryville) near the University of Cincinnati in the Short Vine area. It will include 102 apartments and ground level retail space. [/SIZE]

[SIZE=3]Source: [/SIZE][SIZE=3]http://www.urbancincy.com/2011/12/historic-schiel-school-to-make-way-for-20m-development-in-corryville/[/SIZE]


[SIZE=3]American Can Lofts[/SIZE]
[SIZE=3]Cost: $22 million[/SIZE]
[SIZE=3] [/SIZE]
[SIZE=3]This old factory in the popular Northside neighborhood has been redeveloped into 110 apartments and 12,000 square feet of office and retail space. The project also included 75 parking spaces, which have been integrated inside the building. It opened in September, and are just about fully leased.[/SIZE]

[SIZE=3]Source: [/SIZE][SIZE=3]http://www.urbancincy.com/2011/07/22m-american-can-factory-redevelopment-to-welcome-first-residents-this-september/[/SIZE]


[SIZE=3]Cincinnati Streetcar[/SIZE]
[SIZE=3]Cost: $100 million[/SIZE]



[SIZE=3]Source: [/SIZE][SIZE=3]http://www.urbancincy.com/page/2/[/SIZE][SIZE=3]http://www.cincinnati-oh.gov/noncms/projects/streetcar/[/SIZE]


[SIZE=3]Federal Reserve Tower Apartment Conversion.
Cost: $19 million

This is a 15-story office tower which is currently being converted into apartments. It will have 88 loft style apartments when it's finished by this summer.
Source: [/SIZE][SIZE=3]http://news.cincinnati.com/article/2.../BIZ/312070051[/SIZE]

[SIZE=3]Picture from: [/SIZE][SIZE=3]http://www1.officespace.com/CFS.cfm?...46913195&pdf=1[/SIZE]


21C Hotel
Cost: $56 million

The old 10- story Metropole building is currently being converted by 3CDC and 21C Cincinnati into a boutique hotel. According to 3CDC's website, it will become a 160-room hotel, art museum, restaurant, and public exhibition space. It is scheduled to open in Fall 2012.
Source: http://www.3cdc.org/follow-our-proje...-museum-hotel/

Before:

Picture taken by "UncleRando" on Urban Ohio: http://www.urbanohio.com/forum2/inde...,9681.240.html

Rendering:

Source: http://www.3cdc.org/follow-our-proje...-museum-hotel/


Possible Upcoming Projects

DunnhumbyUSA built a new headquarters a year and a half ago and have already outgrown the space. The company has 515 employees now, and has stated that by 2014 they will have 700 employees.
Source: http://news.cincinnati.com/article/2.../BIZ/301110159

According to this next article, the developer of the Banks is prepared to build a tower of up to 30-stories.
Source:http://news.cincinnati.com/article/2...text|FRONTPAGE


Western and Southern Development

http://www.bizjournals.com/cincinnati/print-edition/2012/01/13/western-southern-eyes-big-broadway.html

[CinciFan]

^ Sorry about the format. I couldn't figure out how to change it.

[motorman]

^^ No need to feel sorry, CinciFan! This visual review of projects was a visual treat!

[kjbrill]

Smale Riverfront Park
Cost: $120 million
This 45-acre park is under construction, and is bounded by the Ohio River, the two sports stadiums, and the Banks project. It will include 12 acres of lawn space, an event lawn, grand fountains, walking and bike paths, interactive water features, and much more. It will also include a bike and mobility center.

If you only net 12 acres of actual park out of 45, what are the other 33 acres part of? And if it costs $120 million, it is either $10 million per acre for grass or $2.6 million per acre for whatever. Either way, it seems a little expensive to me. Of course I have to realize it is downtown, where everything is ridiculously expensive, not like eggs in the country - borrowed Jeff Wilder's phrase.

[Ohiogirl81]

You mean Jeff Wyler?

[kjbrill]

Originally Posted by Ohiogirl81

You mean Jeff Wyler?

Yes I did, can't spell too well. But Jeff will make my point for me.

[CinciFan]

I'm not really sure about the acreage. I have to check my numbers again. As for the cost, a lot of it probably came from having to move Mehring Way, the modifications to the bridge, the fountain, and possibly the garages? I'm not sure if they had to give any money for the garages or not.