Tag: Cincinnati

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Business Development News

Broadway Tower at St. Xavier Park reduced to nothing more than parking

In 2003, the City of Cincinnati opened the $9 million, 400-space 7th & Broadway Parking Garage.  The above-ground parking garage was designed to eventually accommodate a 12-story condo tower addition on top that would create approximately 166 condo units.  The condos have yet to materialize, but more parking space has.

Early on the project was once seen as a potential site for a new downtown grocery in an area surging with new residents at the nearby loft conversion projects including Sycamore Place and the Renaissance Apartments.  But while condo projects flooded the downtown Cincinnati market, the developers of the proposed Broadway Tower at St. Xavier Place were unable to get in on the action.

As part of the initial agreement, the City paid $2 million for structural supports that would support the residential tower envisioned atop the parking garage – a figure City officials expected to recover upon completion of the residential tower.  To guarantee such a return officials gave developers, a partnership between Al Neyer Inc. and North American Properties, until June 2010 to apply for a building permit for the residential tower, and while the residential tower is no where in sight, an expanded parking garage is nearing completion.

Procter & Gamble announced last year that it would relocated 650 employees from its Governor’s Hill location to its world headquarters in downtown Cincinnati.  As part of that move P&G needed additional parking for its expanded downtown workforce, and the City was eager to provide that by expanding the 7th & Broadway Parking Garage.  The additional employees will add approximately $630,000 annually in payroll tax revenues, but also seems to be the proverbial nail in the coffin for a bold project that would have put an exclamation point on northeastern downtown’s residential resurgence.

The inability to get the residential project done during relatively good market conditions eventually led developers to the housing crisis of 2008 which has basically paralyzed the housing market ever since.  The net result might be good for city coffers, but for downtown Cincinnati it means 650 more part-time occupants, hundreds of new parking spaces and more than 300 fewer residents.  If people come first, then you would have to view this as a net loss for downtown.

Categories
News Politics Transportation

New Cincinnati bicycle safety ordinance to be one of strictest in Midwest

In addition to the progressive Bicycle Transportation Program unanimously adopted by Cincinnati City Council last week, Cincinnati policy makers also approved safety ordinance that will be one of the most comprehensive of its kind in the region, and even stricter than what is found in Chicago.

“What this plan really does is not add additional transportation infrastructure,” said Gary Wright, President, Queen City Bike. “It adapts the existing transportation infrastructure to new needs in a cost-effective way.”

The new safety ordinance approved 8-0 by Cincinnati’s City Council requires motorists to maintain a three-foot distance when passing bicyclists. The ordinance also makes driving or parking an automobile in a bike lane illegal, and places extra responsibilities on drivers when opening doors as to avoid endangering bicyclists.

“This bike plan can help turn this into the 21st Century city that we all want it to be, one that can look forward to more streets, shops, cafes, and parks filled with people, where people will want to be,” Wright concluded.

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Arts & Entertainment Business News

Cincinnati’s spring Fashion Finale just the beginning

While designers the world-over work on their fall clothing lines in these sticky summer months, plans are also being put into place to continue nurturing Cincinnati’s fashion scene, on the heels of a very successful inaugural Fashion Week this spring.

“Cincinnati Fashion Week was the first stepping stone on our fashion-movement,” said Nathan Hurst, founder and CEO of Cincinnati Fashion Week. “I was proud to be a part of something that brought sixteen designers into the spotlight and helped develop a platform for working artists to showcase their talent and businesses.”

According to Hurst, this summer is seeing the development of a web-property that will connect designers, consumers and fashion enthusiasts.

“We are currently working on Cincinnati Lookbook, a fashion and lifestyle ‘blog-i-torial’ that will feature local and national artists for lavish jewelery, stylish apparel, and modern home goods,” he explained. “The blogging platform will feature style tutorials, community spotlights, and fashion editorials shot by local photographers.”

While spring Fashion Week here may have concluded with a runway show called the Fashion Finale, Hurst and the rest of the fashion community hope that the Finale actually points to the next frontier.  Below, view a gallery of photos from the Spring Fashion Finale event, held in the Grand Ballroom of the Downtown Hyatt, as Cincinnati’s fashionistas look toward Fall 2010.

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Arts & Entertainment Development News

9th annual Paint the Town to impact 59 homes in two neighborhoods

After suffering a cancellation due to weather on Saturday, June 12th, more than 1,500 volunteers will spread across Avondale and Evanston to paint 59 houses as part of the 9th annual Paint the Town service event organized by Give Back Cincinnati. This year organizers expect approximately 7,500 man-hours to be donated during the single day of service activity.

The volunteers will work to improve the appearance and value of each home in the neighborhoods selected according to current needs. According to organizers, the increased value and improved appearance then help to improve each individual community. Each home to be painted has been sponsored by a local business, and the services are provided at no cost to the home owners. In 2009, more than 1,200 volunteers participated in painting 42 houses. Since the event’s first year 212 homes have been painted throughout Cincinnati in Price Hill, Northside, East End, Madisonville, Hartwell/Carthage, College Hill, and Covington.

“Painting a home for a community member is a great way to improve their lives, and serve others. It is a simple way for groups to actively engage and enjoy serving,” stated Give Back Cincinnati leaders. “We envision a day when we will paint 100 homes in a day with over 3,000 volunteers.”

Registration will begin at 7:45am on the day of the event with painting beginning at the houses at 9:30am. Following the service activity, volunteers will be treated to a post-event celebration that will include food, drink and music from 3pm to 7pm. Volunteers will also be treated to breakfast during registration.

Those interested in participating can register online. Paint the Town will be meeting in the northeast corner of the Norwood Plaza parking lot (map). Parking is expected to be tight, so organizers are asking those participating to carpool, bike or take public transit (plan your trip) to the event.

Categories
Business Development News Politics

City Council poised to approve lease agreement for $4M Moerlein Lager House

Sources inform UrbanCincy that City Council is poised to approve a lease agreement with MLH Cincinnati USA, LLC to construct and operate the new $4 million Moerlein Lager House located within the Cincinnati Riverfront Park which is currently under construction. The ordinance will go before City Council’s Budget & Finance Committee on Monday, June 28th at 1pm, and then move on to a full council vote on Wednesday, June 30th where it is expected to pass with an overwhelming majority.

The new Moerlein Lager House is the first tenant signed for the new Cincinnati Riverfront Park which will eventually support several restaurant/bar uses. Once complete, the new microbrewery restaurant will brew 5,000 barrels of beer annually, offer brewery tours, and seat 500 inside with another 600 outside in two biergarten areas and a second-level terrace that will boast dramatic views of the new park, Ohio River, and Roebling Suspension Brige.

Christian Moerlein CEO Greg Hardman says that the two biergarten areas have the ability to be connected around the building during special events thus creating one enormous biergarten area.

Details on the lease agreement expected to be approved by the Budget & Finance Committee will be released on Monday, but it is understood that a variety of rent payments will be paid by Christian Moerlein to the Cincinnati Park Board over the course of the lease.

The 15,000 square-foot development is expected to be complete by spring 2012 which is one-year after the projected completion for the first phase of the Cincinnati Riverfront Park.