Category: Development

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Business Development News

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

The Banks [Brian Spitzig]

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.

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Arts & Entertainment Development News

PHOTOS: The Impressive Impact of Smale Riverfront Park

Tree Grove

There are dozens of development projects underway at any given time, but few have the opportunity to make a truly transformative impact. Smale Riverfront Park is one of those rare exceptions.

As UrbanCincy has chronicled in the past, the changes that have taken place along Cincinnati’s central riverfront over the past two decades have been truly remarkable. The consolidation and burial of Fort Washington Way. The construction of two behemoth stadiums, a world class museum and an entire new neighborhood. And now the opening up of the Ohio River through the redesigned riverbank and park.

What was once an asphalt riverfront separated from the rest of the city by an inhospitable highway now the region’s central gathering place for tourists and a destination for everyone in the region looking to the river that gave the city its birth. The changes are breathtakingly wonderful.

Of course, there is nothing better than images to help visual such changes. Instead of posting photos of what the area was once like, as we have in the past, this collection of photos are from that past few weeks at Smale Riverfront Park’s latest addition, and its immediate surroundings.

Projects like this and Washington Park, which is currently hosting thousands of thrilled Cincinnatians as part of this year’s Lumenocity event, are the types of investments and projects that change a city. What’s even better is that they’re accessible to everyone.

EDITORIAL NOTE: All 20 photographs were taken by Eric Anspach in July 2015.

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Arts & Entertainment Development News

VIDEO: Bearcats Prepare For Season Opener at Renovated Nippert Stadium

The University of Cincinnati is less than one month away from welcoming college football fans back to one of the nation’s most historic stadiums.

After a year away from the friendly confines of Nippert Stadium, the Cincinnati Bearcats will host Alabama A&M on Sunday, September 6. School officials say that the game is not yet sold out, but that ticket sales have been brisk. There are big hopes for this season as the team comes back to a renovated and expanded stadium. It also comes at a time when the University of Cincinnati is trying to position itself for a potential spot in the ACC or Big 12 Conference.

The $86 million renovation and expansion of Nippert Stadium, which was designed by Heery International and paid for entirely with private funds, is expected to help bolster those chances of landing in one of the nation’s top athletic conferences.

With less than a month before the first game of the season, construction workers and cleaners are busy preparing the facility.

In a unique situation for the University of Cincinnati, the readying of the stadium is also significant for the return of students to campus at the end of this month. This is due to the fact that the stadium, unlike almost all other major college football venues, is open at all times and used by students for recreational purposes, and as a pathway to navigate the densely built campus.

Bob Marton, project manager for the Nippert Stadium reconstruction project, says that while much work remains it is fully expected that the facility will open on-time, and within the targeted budget.

Those who are interested in attending the home opener at the newly reopened Nippert Stadium can still purchase tickets online for the game.

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Development News

City Selects Preferred Developer to Execute College Hill’s Form-Based Code

College Hill FBC Vision [Provided]

Last week the College Hill Community Urban Redevelopment Corporation announced that an agreement had finally been reached between the City of Cincinnati and the Saint Francis Group to develop a collection of properties at the intersection of Hamilton Avenue and North Bend Road.

The 7.5-acre site is actually a collection of three properties that the City of Cincinnati acquired over recent years. Perhaps most prominent is the 5.2 acres of land at the northwest corner of the intersection where a Kroger and Eastern Star once operated. While the Eastern Star site was cleared in 2012, it was not until 2014 when the Kroger site was cleared and readied for new development.

The third piece of land that makes of the rest of this site is actually across the street at the northeast corner of the intersection. This 2.3-acre site has also been cleared and is largely ready for development.

The announcement of the preferred developer agreement comes more than a year-and-a-half after City Hall approved the community’s form-based code, which the Saint Francis Group has committed to work with as part of their planned development.

“CHCURC has worked with the City of Cincinnati for a decade in the acquisition of these parcels, which are key in the continued revitalization of College Hill,” said the president of non-profit development corporation, Michael Cappel.

While the original designs for the redevelopment of these sites were conceptual in nature, it is the hope of many in the community that Saint Francis Group continues down that path.

“The vision for the redevelopment of the former Kroger’s, Shuller’s Wigwam, and the Eastern Star Retirement Community includes a mixed-used development, with retail, residential, and offices uses, that will bring increased density and vitality to this walkable, urban village,” Cappel explained.

Should such a vision be realized at this location, it would serve as a major boost for the northern end of the neighborhood business district, and would inject notable amount of residents into the area.

While Saint Francis Group has a fairly extensive track record of real estate consultancy and development, its ability to execute a project of this nature will be tested. Fortunately, they have hired Jeff Raser from Glaserworks, and a key architect of Cincinnati’s form-based codes, as their lead architect for the project.

Project officials say that architectural drawings are being put together now, in conjunction with neighborhood leaders, and they hope to announce a project name, cost estimates and a project schedule within the next four to eight months.

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Development News

Hamilton Looking For Public Input on Annual Action Plan

Hamilton OHThe City of Hamilton is seeking input from the general public as it prepares its Annual Action Plan for 2016-17 for grants received from the U.S. Department of Housing and Urban Development.

The funds are disbursed to localities throughout the country to help address the needs of low- to moderate-income residents. Some of the programs that are funded fully or in part by these HUD grants include youth services, elderly services, transportation improvements, neighborhood stabilization programs, crime prevention, job training, and much more.

Hamilton qualifies for support due to its higher-than-average poverty rate (22.9%) and its lower-than-average homeownership rate (56.5%).

If you currently live or work, have ever lived or worked, or just generally care about the future of Hamilton, city officials are hoping to get your input on how these resources should be used.

In particular, the 15-question survey asks about the state of housing maintenance, balance of rental and owner-occupied housing, public transportation, social services, historic preservation, infrastructure, and economic development strategies.

The survey takes only a few minutes to complete, and all responses, including those to demographic questions, are kept anonymous and confidential. Any questions should be directed to John Creech at Hamilton’s Department of Community Development at 513-785-7350 or creechj@ci.hamilton.oh.us.