Category: Business

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Business Development News

Beer is brewing in historic Over-the-Rhine once again

Beer is being brewed in historic Over-the-Rhine once again.  Christian Moerlein Brewing Company has returned its brewing operations to the neighborhood where it got its start.  It has been almost 100 years since Christian Moerlein ceased brewing operations in 1918, but the resurgence of the beer brand, neighborhood, and interest in craft beers Christian Moerlein owner Greg Hardman has put his focus squarely on the beer and its long-time neighborhood.

The first beer being produced at the Over-the-Rhine brewery is the Arnold’s 1861 Porter in honor of the 150th anniversary of Cincinnati’s oldest tavern.  Hardman is using a one-barrel pilot brewing system and says that the beer can be produced over the course of 12 days.  The first people to see the brewery in action included Arnold’s Bar & Grill owner Ronda Androski and others associated with Christian Moerlein.

Once fully operational in spring 2011, the new brewery will be able to produce 10,000 to 15,000 barrels of beer annually.  The new 1861 Porter will only be available at Arnold’s (map), and will reportedly first be served at the stroke of midnight on New Year’s Eve (make your plans now).  Those at Arnold’s on New Year’s Eve will be able to enjoy 12-ounce drafts of the new porter for just $1.50 in honor of the tavern’s 150th anniversary celebration.

Our friends at Arnold’s and Christian Moerlein were kind enough to provide UrbanCincy with the exclusive first photos taken inside the new brewery.  The photos capture Greg Hardman, Ronda Androski and others checking out the setup of the brewery located in the Northern Liberties section of Over-the-Rhine.  Cheers.

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Business Development News

Redeveloped warehouse to include largest solar photovoltaic project in the Midwest

Cincinnati-based Neyer Properties is working on $4 million worth of improvement to a large structure along I-75 in Sharonville. The 1.1 million square-foot building will soon become a “major distribution hub” for Hamilton County while also becoming the largest solar photovoltaic project in the Midwest.

While officials expect the redevelopment of Gateway 75 to increase tax revenues and spark additional investments in downtown Sharonville, the development’s focus on sustainable building practices is what has caught the eye of many in the industry.

“Energy savings at Gateway will average 40 to 60 percent annually compared to power generated by fossil fuels,” said Dan Neyer, president of Neyer Properties. “This is a great opportunity for companies that want to lease space at a building that not only saves energy and the planet, but saves on utilities, too.”

In addition to the seven-megawatt solar plant on the roof of Gateway 75, developers hope to make the structure the first LEED-certified industrial building in Ohio and one of only 51 in the nation.

Once installed in 2011, the rooftop solar plant will be leased to a third-party, through a Power Purchase Agreement, that will operate the utility and then sell back the power to Neyer. Developers say that the solar energy generated at Gateway 75 is the equivalent of offsetting roughly 10 million pounds of carbon per year.

Sharonville officials also state that the successful completion of Gateway 75 will result in a major economic gain for the city, and as a result, have contributed $1.8 million in tax increment financing (TIF) to the project. A fully occupied structure, analysts say, will lower bulk warehouse vacancy rate in the Sharonville area from 30 percent to 6 percent.

Developers are finalizing improvements to the building now, and will complete the project as tenants are secured for the refurbished warehouse space.

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Business Development News

Home ReStart partnering with Neyer Properties to renovate, sell historic Cincinnati homes

Since the inception of Neyer Properties in 1995, the company has developed hundreds of projects totaling over $1 billion in both construction and development in the Cincinnati region.  While the company has typically focused on commercial development, they have begun investing in a new real-estate company called Home Restart. The relatively new endeavor specializes in buying distressed homes, making renovations, and re-selling the properties.

Over the past year, the company has purchased, renovated, and prepared seven houses for re-sale. In that time, they have intentionally focused their efforts in more desirable urban neighborhoods like Hyde Park, Oakley, Edgewood and Fort Thomas.  According to the company’s leadership, this was done to help make the projects successful in an otherwise difficult market.

“The housing market has taken a hit throughout the Greater Cincinnati area, but neighborhoods such as Hyde Park and Fort Thomas always have a relatively active market,” explained Anne Pond, Vice President of ReStart. “By focusing on these areas, we can decrease the number of days that our houses sit on the market.”

According to Pond, the large stock of historic homes in these neighborhoods is another key selling point, as they have a charm that cannot be replicated in new construction.

“Over the years, many older homes have fallen into disrepair and have been converted into two-family homes,” Pond continued. “We work very hard to maintain the charm and character of historic homes, while bringing them up-to-date for modern living.”

Pond says that ReStart typically purchases homes from anywhere between $50,000 and $200,000.  After the initial purchase, ReStart then renovates and sells the properties for prices ranging between $130,000 and $350,000. Following this work, ReStart then turns to Neyer Properties for its expertise in purchase approval, renovations, and finance management.

Of the seven homes purchased and renovated through the program thus far, five have been sold and another is currently under contract.

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Business Development News

Jimmy Heath House to start welcoming new residents to Over-the-Rhine today

These days, development news in Over-the-Rhine is seemingly ubiquitous. The historic neighborhood is growing at a rapid rate and with new businesses constantly opening; new residents are flowing in. However, starting today another group will be calling the neighborhood home.

On Friday, Over-the-Rhine Community Housing (OTRCH) hosted a ribbon cutting for the Jimmy Heath House (map). The new permanent supportive housing development transformed 14,300 square feet of space in six historic buildings. The housing development includes 25 apartments for the chronically homeless, offices for case managers, as well as public meeting spaces to accommodate the social service needs of its residents.

OTRCH officials say that the development, named after homeless advocate and former Streetvibes editor Jimmy Heath, is based on the housing first principle; a concept that clinical and social stabilization is more affective when homelessness is eliminated.

“Housing First is a nationally recognized evidence-based best practice. Many cities and counties around the country already have Housing First programs in place or plans to initiate one,” Mary Burke Rivers, OTRCH Director, said in a press release. “The positive outcomes from the model are astonishing, and we are proud of our partners who have joined us in this progress.”

The benefits, of these new housing developments, extend beyond their social benefits. Studies show that significant economic gains can be had as well by reducing the cost often associated with homeless individuals. On average, studies indicate that it costs between $35,000 and $150,000 annually to support a homeless individual, while housing communities such as the Jimmy Heath House lower that average to just over $16,000 annually.

“People who are chronically homeless make up 34 percent of the homeless population and spend years cycling between the streets, shelters, jail cells, and emergency rooms,” Rivers said.

Residents of the complex are scheduled to start moving in as early as today.

“We’re looking forward to the possibilities for our residents: being able to connect with family members for the first time in years, going to a clinic instead of the emergency room, not drinking just to numb the bitter cold,” said Andy Hutzel, director of housing services for OTRCH. “We have one tenant, Paul, who will be able to get off of crutches after nine years because he can finally rehabilitate an injury following his fall from a roof – an impossibility while he was living under the 6th Street viaduct.”

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Business Development News

New state-of-the-art UV water treatment facility to be powered by the sun

The City of Cincinnati and Greater Cincinnati Water Works (GCWW) broke ground earlier this month on a $30 million state-of-the-art Ultraviolet (UV) Disinfection Treatment Facility. The 19,600 square-foot facility, which is being built at the Richard Miller Treatment Plant on Kellogg Avenue, will make GCWW the largest water utility in North America to use UV disinfection following sand filtration and Granular Activated Carbon absorption.

UV disinfection does not use chemicals or produce significant levels of regulated disinfection by-products. Sand filtration removes larger particles from source water while GAC removes organic substances such as pharmaceuticals.

“We have spent the past 10 years conducting research with national and international groups to determine the best method to protect our customers from microorganisms that are resistant to chlorine disinfection,” said David Rager, GCWW director. “UV disinfection uses UV light, in low doses, to inactivate disease-causing organisms often found in water effluents that can end up in our source water.”

Officials say that in an effort to reduce GCWW’s carbon footprint, the new facility will include 160 solar panels. When paired with a second solar installation on an existing GCWW facility, significant environmental impacts are expected to be achieved annually:

  • 28,100 gallons of gasoline emissions offset– equivalent to offsetting emissions of 48 cars
  • 346,000 Kwh of energy – enough to power 33 homes
  • $151,000 in electricity costs

The UV disinfection treatment project is scheduled to be completed by the end of 2012. GCWW did receive rebates of approximately $150,000 from the State of Ohio for solar energy initiatives.

“Cincinnati has some of the best drinking water in the country and we are going to make it better,” Mayor Mark Mallory said. “This state-of-the-art new treatment facility illustrates the City’s commitment to continuous improvement. Our goal is to be on the cutting edge providing the cleanest, safest, tastiest drinking water in the country.”