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Development News

PHOTOS: Center City Construction Updates From October

Downtown Cincinnati and the adjacent areas continue to see both new development and redevelopment of existing structures. In an effort to bring broader awareness to the exciting projects occurring in the city, I snapped pictures throughout October showing the work taking place.

  1. Aqua on the Levee, which includes 239 apartments, an Aloft Hotel, and retail space
  2. Early work on a 15-story, 130 unit apartment building at the intersection of 7th Street and Sycamore Street
  3. Progress on the six-story, 117-room Holiday Inn at 7th Street and Broadway Street
  4. $24 million Alumi Lofts redevelopment of the former school in Pendleton into 142 apartments
  5. Prep work on Phase IIIA of The Banks project
  6. Continued progress on the 10-story General Electric Global Operations Center at The Banks
  7. Redevelopment of a former church into an event space adjacent to Washington Park called The Transept
  8. $27 million redevelopment of the YMCA at Elm Street and Central Parkway
  9. The Radius, bringing 292 apartments to The Banks

While these photos focus on projects in the center city, there are certainly many more exciting projects taking place throughout the city as its boom spreads outward. We’ll get to some of those projects in future updates.

EDITORIAL NOTE: This is the first of what we intend to be a regular monthly feature on UrbanCincy that will take a selected look at construction progress throughout the city. If you have any projects that you would like to have us visit and photograph, please let us know by emailing us at editors@urbancincy.com.

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Business Development News

Project Officials To Move Forward With Phase III of The Banks Ahead of Schedule

Business leaders and public officials from the City of Cincinnati and Hamilton County will gather tomorrow morning to celebrate the groundbreaking of the next phase of work at The Banks.

As has been done in the past at the massive central riverfront development, the first work to be done will be the construction of a public parking garage that will lift the project out of the Ohio River’s flood plain. From there, the existing public streets surrounding the project site will be extended to frame the block.

While the event is being touted as a groundbreaking ceremony, workers from Prus Construction and Beaty Construction began mobilizing on the site to perform preparation work. The news is a bit of a departure from previous announcements that said construction work would hold off until the close of the Bengals season in order to preserve parking for tailgaters at Paul Brown Stadium.

In this particular phase of work, project officials say that 690 parking spaces will be built on two levels that will be connected with the rest of the underground parking deck at The Banks, which has been casually described as one of the largest underground parking structures in North America.

This $29.3 million effort is being jointly funded by the City of Cincinnati, Hamilton County, and the State of Ohio’s Jobs Ohio program. Representatives from the various public agencies funding the project say that it will create an estimated 200 jobs, with at least 30% of the contract totals spent with Small Business Enterprises.

Such a claim for small business inclusion is on-target for what the project has been delivering thus far. As of June 2015, the latest reporting date, The Banks has had an average of 36% small business participation and approximately 17.5% minority and female workforce participation.

Nearby work continues on the private sector vertical construction of Radius, a 291-unit apartment midrise with 19,000 square feet of street-level retail, and the 340,000-square-foot General Electric Global Operations Center.

Once these two phases of work are complete, it will allow for the next phase of Smale Riverfront Park to move forward, and will set the stage for private real estate development south of Freedom Way and in between Race and Vine Streets.

So far, Carter USA and the Dawson Company have yet to reveal what will ultimately be built on top of this latest garage extension, but most suspect it will be some combination of apartments and condominiums.

While The Banks has received much positive praise as of late, it has not come without its struggles. The retail in the first phase of the project continues to find its footing, and the area continues to struggle with a brand identity and architectural designs that people feel are worthy for the prominent piece real estate that this development occupies.