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Business Development News

VIDEO: New Views of Ohio River Opened Up with Latest Excavation Work at Smale Riverfront Park

Lots of visual progress has been made on Cincinnati’s $120 million Smale Riverfront Park over the past few months.

Since the last construction update in June, project manager Dave Prather explains that the steel framing for Carol Ann’s Carousel is now taking shape, and that the Vine Street fountains and steps have now fully taken on their form. These steps and cascading fountains will be similar to the Walnut Street fountains and steps already completed to the east.

Prather also takes us inside the rentable event space beneath the carousel and fountain plaza.

While it is still quite messy with construction activity, Cincinnati Parks officials are actively promoting it and booking reservations now. Park officials tell UrbanCincy that the Anderson Pavilion will have two event spaces – Longworth Room and Mendenhall Room – that can accommodate up to 300 people. Special events can be booked through Premier Park Events at 513-221-2610.

During the nearly 12-minute video, you can also now see a new view of the Ohio River now that excavation has begun on the park’s great lawn. This area of the park will bring visitors as closer to the water than anywhere else.

Most all of the work profiled in this latest video update is anticipated to be complete in time for the 2015 MLB All-Star Game at Great American Ball Park. The week-long festivities leading up to the weekend of games is expected to being thousands of visitors and millions of eyeballs to the city’s central riverfront.

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Business Development News

Will Saks Fifth Avenue Remain in Downtown Cincinnati Following Collapse of its Kenwood Move?

News spread quickly yesterday that the deal for Saks Fifth Avenue to relocate from downtown Cincinnati to Sycamore Township at the new $200 million Kenwood Collection had fallen through.

The announcement drew immediate speculation about what happened and where the high-end department store might locate instead, if anywhere at all. Since representatives at Saks Fifth Avenue have been mum during the whole process, little information is known about what will happen in 2016 when they had been expected to relocate to Kenwood.

Here’s what we do know.

The current Saks Fifth Avenue store downtown opened in 1983 and was renovated in 1996 and again in 2003 thanks to $8.7 million in city funds. The 2003 renovation also included a stipulation that Saks extend the lease for their downtown Cincinnati store for 15 years (2018), and not open another store within 30 miles for at least seven years (2010). For what it’s worth, Kenwood Collection is located approximately 11 miles from Fountain Square.

The terms of that 2003 agreement, however, are a bit murky. According to the Business Courier,

Part of the agreement with the city says Saks can be released if “Saks sells the Saks store on the property to an entity which acquires the majority of the Saks stores then located in the states of Ohio, Michigan, Illinois, and Pennsylvania.” Toronto’s Hudson’s Bay Co. acquired Saks in a deal that closed at the beginning of November.

The clause basically appears to give Saks an out on their lease agreement that would otherwise keep them at 101 W. Fifth Street until 2018. While the existing store is 72,640 square feet, Saks had reportedly signed a letter of intent with Kenwood Collection for a slightly larger 80,000 square-foot space.

The rumors following yesterday’s announcement largely discussed one of three potential scenarios: 1) Saks closes its only store in the Cincinnati region as it has done in other mid-sized markets; 2) Saks relocates into the retail space at the $140 million dunnhumby Centre, which, interestingly enough, was to become the home of a Maison Blanche in 1998 and then eyed for a Nordstrom in 2000; or 3) Saks relocates into the retail space at a restructured unnamed development at Fourth/Race.

The first scenario is something that would be very difficult to predict, but the second and third scenarios present interesting opportunities and challenges.

The biggest challenge with Saks moving across the street into the dunnhumby Centre is that it only has 30,000 square feet of retail space. Since the building is already far along in construction, it seems unlikely that the development team would be able to modify it in a manner to provide an additional 50,000 square feet of space for Saks.

The unnamed development at Fourth/Race had a grocery store lined up to occupy its even smaller 20,000 square feet of retail space, but that development agreement has since been substantially restructured and is currently being reworked. This leaves open the possibility that Flaherty & Collins and the Cincinnati Center City Development Corporation (3CDC) could adjust the design as to accommodate Saks.

In both of these cases it would allow for the redevelopment of Saks’ existing structure at the southwest corner of Fifth and Race Streets. This would prove to be important in order to clear the way for developers to build a new residential high-rise in its place. Both of these options would also keep Saks within a block of Macy’s 180,000 square-foot downtown store, and along the stretch of Race Street that city officials hope to turn into a shopping corridor.

The combined demolitions of the aging Pogue’s Garage and existing Saks Fifth Avenue store would also allow for the removal of two to three skywalks/bridges over Race Street.

Of course, there is one more option. Saks could simply stay where they are and live out their lease through 2018, or even renew it beyond that.

CORRECTION: In the original story it was incorrectly stated that the existing Saks Fifth Avenue store in downtown Cincinnati is 185,000 square feet. The store is actually 72,640 square feet.

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Development News

PHOTOS: First Phase of Pendleton’s $26M Broadway Square Development Taking Shape

The first phase of Broadway Square in Pendleton is on schedule for completion later this fall. Recently, UrbanCincy had a chance to tour the construction of the project.

This is the first of three phases in the $26 million Broadway Square development. The buildings are being developed by Model Group, and the leasing of the retail and office space is being managed by Urban Fast Forward. Once completed, phase one will include 39 market rate apartments, 8,000 square feet of office and four retail spaces.

The development is located close to Horseshoe Casino and is adjacent to the recently renovated Spring Street Plaza & Playground and “multi-sensory and interactive” Spinnradl sculptures.

EDITORIAL NOTE: All 17 photos were taken by John Yung for UrbanCincy in late July 2014.

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Development News Opinion

Delay Presents Opportunity for 3CDC to Rethink 15th and Race Development

Between two of Over-the-Rhine’s most treasured attractions is a Cincinnati Center City Development Corporation (3CDC) proposal currently on hold. As a result, the non-profit development corporation will either need to obtain a new funding source or the project will need to be “a little more within the scale of the existing market.”

The current proposal for the mixed-use project at Fifteenth and Race includes over 300 parking spaces, 57 residential units, and almost 22,000 square feet of commercial space. With the project now on hold, now is the time to step back and critically evaluate a major development in the heart of Over-the-Rhine.

The unnamed development sits primarily along Fifteenth Street, between Pleasant and Race Streets, and would occupy almost an entire city block with a massive parking garage and what can otherwise be described as a lackluster design. Think Mercer Commons 2.0.

Stand at the northern edge of Washington Park and look down Pleasant Street. If your eyes are better than mine, you’ll see Findlay Market. If you’d like to walk there, it is only a leisurely five to ten minute stroll. This proposed development’s car-centric design places a parking garage exit on Fifteenth Street, and would force vehicular traffic onto one of Over-the-Rhine’s most important pedestrian axes.

Additionally, the garage packs in 200 more vehicles than is mandated by law, forces the partial demolition of two historic structures, and limits the available commercial and residential space sandwiched between the phase one Cincinnati Streetcar route. If the streetcar should increase property value as predicted, a parking garage may not be the best use of land for such a prominent location along the line.

As is currently designed, the buildings that would wrap the garage present themselves as a homogeneous wall. This character contrasts heavily with the existing fabric that presents gaps between buildings, portals to interior courtyards, and strong visual relief. While the roof line makes an attempt at creating rhythm in concert with windows, its variation is not enough to mask that it is one big building.

These characteristics detract from the pedestrian scale, though the new construction hints at these qualities with balconies, recessed entries, and slightly offset building faces. These expressions are more akin to developments at The Banks and U Square at The Loop, and are a cheap imitation of Over-the-Rhine’s authenticity.

Along Pleasant Street, the Fifteenth and Race townhomes are compressed by the large, central parking garage. The private walk at the townhomes’ rear is noted as a ‘garden space’ but these spaces are approximately 10 feet wide and will be shadowed by a three-and-a-half-story parking garage. Along the street, the crosses and boxes highlighting the townhomes’ windows are wholly contemporary, which are expressions out of place on a building that is neither modern nor traditional; it is non-committal.

It should be noted that an entire block design is a difficult task in Over-the-Rhine because its designation as a historic district stems from the collection of smaller individual buildings built over time. Furthermore, the neighborhood’s historic character, established before the invention of the automobile, does not easily accommodate cars.

However, there will be a need for more parking, and the Over-the-Rhine Comprehensive Plan recognizes this, but states that new parking should be done “without impacting the urban fabric or historic character of the neighborhood.”

Individually rehabbed buildings do not typically have the potential to alter a neighborhood’s character, but when large-scale development is proposed, community members should have a place at the table.

When asked about developers engaging community stakeholders, Steve Hampton, Executive Director of the Brewery District Community Urban Redevelopment Corporation, says, “If there’s one place for community outreach it is in large-scale development because of the unique architecture, historic neighborhood, and diversity of people in Over-the-Rhine.”

In the case of this Fifteenth and Race development, the first stages of community engagement were initiated by Over-the-Rhine Community Housing (OTRCH) and Schickel Design, who completed the Pleasant Street Vision Study (PSVS) in 2013.

While the proposed development incorporates all of the individual elements from the PSVS, it is not in the spirit of the pedestrian-focused Pleasant Street Vision Study and on a very different scale. The size and location of the parking garage is a major difference between the 3CDC proposal and the PSVS, and Mary Rivers, of OTRCH, noted that this is a big issue for many people.

Of course there is a gap between a vision study that outlines a community’s desires or needs, and the market forces that drive a real development, but there are various ways a community should be engaged in a project of this scale.

While OTRCH held focus groups prior to beginning the award-winning City Home project one block south along Pleasant Street, Rivers said that 3CDC did not engage OTRCH until after the current plans had been unveiled.

Rivers said, “We asked a diversity of people, ‘What do you like in Over-the-Rhine? What are you looking for in a home?’ Their answers ultimately influenced the design.” This type of engagement is not easy; and Rivers acknowledged that the best way to engage a community is on big issues not the details.

3CDC needs to step up, engage community stakeholders, and propose a design that is more respectful to Over-the-Rhine’s residents, and its unique architectural and urban form.

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Business Development News

PHOTOS: The Changing Face of Downtown Cincinnati

It’s not just housing that’s booming in the center city, there is also a slew of office, retail, hotel and infrastructure projects underway that are transforming Cincinnati’s skyline and its streetscapes.

All of the construction activity makes it feel as if there is work taking place in just about every corner of the central business district and its immediate surroundings. And for the most part, that feeling is valid.

In addition to the thousands of residential units under construction, work is also currently underway on the second phase of The Banks, which will include not only 300 additional apartments, but also General Electric’s new North American Global Operations Center, 313-room Renaissance Hotel, dunnhumbyUSA Centre, Mabley Place, reconstruction of Second Street, and work is about to get underway for the new 115-room Holiday Inn hotel at Seventh and Broadway Streets.

In addition to all of the construction work taking place, the weather earlier this month was terrific and made for a perfect time to take pictures of some of the center city’s beauty.

EDITORIAL NOTE: All 22 photos were taken by Travis Estell for UrbanCincy between July 2 and July 9, 2014.