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Development News Opinion

GUEST EDITORIAL: Paycor’s Brand New Headquarters in Norwood Misses the Mark

Paycor recently moved their headquarters from Queensgate to Norwood’s Linden Pointe on the Lateral. Norwood pulled out all of the stops to ensure that they brought these jobs (and the tax dollars that come with them) from the City of Cincinnati.

When moving into their new digs, employees were literally crying out of excitement for their new workspaces. The open design and floor-to-ceiling windows are complimented by walking routes that allow employees to walk the perimeter of the floors for exercise.

However, once they step foot outside the front door the only thing any Paycor employees will be walking to are their cars.

Let’s back up though; the first phase of Linden Pointe actually had some great features. From sidewalks, crosswalks and bike parking, this development was well thought-out (other than the buildings being so far off-set from the street).

The Paycor development has absolutely no resemblance to the relatively pedestrian-friendly phase one. There are no sidewalks connecting the Paycor building to any local roads. Bike parking is also seemingly non-existent. But the biggest slap in the face to good design is Paycor’s complete disregard of the crosswalks already built in phase one towards the new development.

Instead of leading to a tree-lined sidewalk that runs to Paycor’s front door, these crosswalks lead to nowhere, seeming to indicate deliberate decisions taken by Paycor to avoid connecting their site to the rest of the development.

We can’t just blame Paycor for this mess though. Norwood’s Planning Commission & City Council approved the site plans too. The plan shows the crosswalks from the original development leading nowhere. The plan also shows no sidewalks connecting Paycor to any of the three nearby streets.

The plan does show a nice shiny building that will house lots of additional revenue. It is likely the City of Norwood did not want to push back too hard because the Paycor move was likely not a done deal. This is a shame though, because a better design would have benefited the surrounding neighborhoods and Linden Pointe as a whole by allowing for a comprehensively connected center instead of disjointed cul-de-sac style parcels.

James Bonsall recently moved, with his wife, to Norwood from New Albany, Indiana. In New Albany James served on the city’s planning commission. He has a B.S. in Business from Indiana University and currently works as an IT business analyst for a major health insurance company. You can connect with James on Twitter at @LouisvilleJames.

If you would like to have your thoughts and opinions published on UrbanCincy, simply contact us at editors@urbancincy.com.

Categories
Business News Opinion

OPINION: U.S. Trade Policy and Its Impact on Urban Economies

The United States has consistently run a trade deficit since the 1980s. In 2013, the trade deficit averaged a staggering $40 billion per month. While much of this deficit has to do with oil imports (which will be offset in coming years), the nature of the U.S. trade deficit is astounding.

The nations with whom the United States runs trade deficits, and in which products it runs them, defeats common sense and makes one severely question what, if any, trade strategy the United States is pursuing.

Take the United States’ trade relations with Mexico. Although the United States has a highly developed economy at the forefront of industrialized nations, America ran an almost $64 billion trade deficit with Mexico in 2012, and has consistently run a trade deficit with Mexico since 1995.

Looking closer is even more eye-opening. The three most-imported products from Mexico include electrical equipment, vehicles, and machinery. While our most-exported products to Mexico include machinery, electrical equipment, and mineral fuels – with vehicles in fourth – the U.S. still runs a deficit in every one of those products. The value of vehicles exported to the U.S. from Mexico ($54 billion) is more than double what the United States sends in vehicles to Mexico ($20 billion).

Of America’s 15 largest trading partners, the United States runs a trade deficit with all but two. Even if you remove states from which America’s trade deficit is skewed by oil imports (Canada, Saudi Arabia, Venezuela), the vast majority of trading partners enjoy a trade surplus in their relationship with the United States.

Overall, America runs trade deficits in peculiar industries such as machinery, electrical equipment, mineral fuels, vehicles (excluding rail), pharmaceutical products, and steel. In fact, some of the few heavy industries in which the United States runs surpluses are in aircraft and plastics.

Heavily industrialized and mature economies like that of the United States should be successful in the export of heavy manufactured items like those stated above. While competition with other industrialized nations like Germany is understandable, large trade deficits in manufactured products with economies much less-developed than America’s is perplexing, at best.

For cities with a history and a base in heavy manufacturing, like Chicago, Cincinnati and St. Louis, policies like these only continue to chip away at the economic health of large sectors of these urban areas.

While it is imperative for industrial cities like these to diversify, unnecessary degradation of well-paying, already-established industries is detrimental to the creation of metropolitan economies steeped not only in new-age tech industries but also in a healthy industrial sector.

Categories
Business Development News

Construction Work on $30M Corryville Apartment Project On-Pace for Fall 2015 Completion

Uptown Rental Properties is making progress on their latest development in Corryville. This one, called VP3, is located on Euclid Avenue between Corry and Charlton Streets, and will add 147 units with 300 beds to the neighborhood. If all goes according to plan, the $30 million project will open in the fall of 2015.

The site previously included seven homes and a suburban-style Fifth Third Bank retail branch, and is located across the street from the planned site for a new Kroger grocery store.

Corryville has seen a wave of private investment recently that has added hotel rooms, apartments, and retail and office spaces. Much of that investment has come from Uptown Rental Properties, which has constructed hundreds of new residential units and injected thousands of new residents into Corryville over the past several years.

According to Dan Schimberg, president of Uptown Rental Properties, the demand for additional housing units in Corryville is so strong that they have revised their original plans over the years to try to serve the market.

“There is such an incredible demand for housing on the east side of campus,” Schimberg told UrbanCincy. “Originally our plan was to build housing for 1,200 people on Short Vine, but now we’ve increased that total to 1,600 by 2016.”

For better or worse, all of this development is changing the face of Corryville.

But unlike many of the company’s other developments surrounding the University of Cincinnati, it is not just students occupying the residential units being built in this area. According to Schimberg, more than 30% of the total residents are non-undergraduate students, compared with just 3% on the south side of campus – something he attributes to the growing demand for urban living.

“Three of the top five largest employers are in Uptown, and then have been adding thousands of jobs over recent years,” Schimberg explained. “What we’re seeing is a demand for workforce housing on the east side of campus from a desire for people to live in a more urban environment.”

In addition to the increased demand for urban living and the rapid job growth nearby, Schimberg believes the improvement of Uptown neighborhoods is also keeping and attracting residents in a way he has not seen since starting Uptown Rental Properties nearly 30 years ago.

It is expected that work will wrap up on the four-story VP3 development in the fall of 2015. At that time, a new 550-space parking garage, being built in coordination with this project, will open and provide some 225 public parking spaces for the Short Vine business district.

“The addition of these new residents is providing the core demand for the retail, and the residents get to benefit from those nearby services,” Schimberg continued.

Due to the philosophy of wanting the retail and residential to benefit one another, Schimberg said that the public portion of the parking garage is being built solely to help bolster the business on Short Vine. As a result, Uptown Rental Properties and the City of Cincinnati are sharing the costs for the garage.

Since developers are pursuing LEED Gold certification from the U.S. Green Building Council, the project will be eligible for the City of Cincinnati’s LEED Tax Abatement.

Categories
Development News

PHOTOS: Cincinnati’s Dramatic, Decade-Long Transformation Visualized

The changes that have been taking place in Cincinnati over the past decade have been felt and noticed by many. There is a palpable buzz surrounding the Queen City these days.

The city’s central riverfront has almost entirely been transformed following billions of dollars worth of public and private investment, Over-the-Rhine’s renaissance continues to be touted nation-wide as one to be admired, and thousands of more residential units are being developed in the center city as we speak.

For those who live outside the city and may not have been back recently, or for those out-of-towners who have not yet been able to make a visit, it could be difficult to even recognize some places now.

Thanks to a new feature from Google Street View, we can now go back in time and compare Google’s most current Street View images with those they have taken since 2007 when they started the service.

Here’s a look at some of Cincinnati’s more visually impressive transformations, but it is certainly not all encompassing. Simply drag the arrow bar back-and-forth to compare the old and new images.

Clifton Heights at W. McMillan Avenue and Ohio Avenue:

Clifton Heights in September 2007
Clifton Heights in September 2012

 

Evanston at Dana Avenue and St. Francis Way (formerly Woodburn Avenue):

Xavier University September 2007
Xavier University August 2012

 

Over-the-Rhine looking south on Vine Street near Fifteenth Street:

Vine Street September 2007
Vine Street June 2012

 

Over-the-Rhine looking north on Vine Street near Fourteenth Street:

Vine St September 2007
Vine St June 2012

 

The Banks at Freedom Way and Walnut Street:

The Banks July 2007
The Banks September 2012

 

Smale Riverfront Park along Mehring Way at Main Street:

Smale Riverfront Park July 2007
Smale Riverfront Park August 2012

 

Avondale on Burnet Avenue near Northern Avenue:

Mt. Auburn September 2007
Mt. Auburn June 2012

 

Columbia Tusculum at Delta Avenue and Columbia Parkway:

Columbia Tusculum August 2007
Columbia Tusculum June 2012

 

College Hill on Hamilton Avenue near Elkton Place:

College Hill August 2007
College Hill September 2013

If you are having difficultly viewing both the before and after images, try to just drag the arrow bar back-and-forth instead of clicking on the images in an attempt to reveal the after.

And for what it’s worth, we totally stole the idea for this post from The Washington Post. What other areas did we miss? Let us know in the comment section.

Categories
Arts & Entertainment Business News

Performances Kick-Off This Evening for 11th Annual Cincinnati Fringe Festival

After an eclectic parade on Monday and a kick-off party last night, the 11th annual Cincinnati Fringe Festival officially gets started today with its first round of performances.

The 12-day event has become a national draw over the years, and organizers expect more than 8,000 people to attend this year’s festival. As expected, the 2014 rendition will boast an impressive collection of 38 unique productions and more than 160 performances at a dozen venues tightly clustered in Over-the-Rhine.

“This year’s festival is one of the biggest ever,” said Eric Vosmeier, Producing Artistic Director at the Know Theatre. “We had a record number of FringeNext applications, our high school artist version of the Fringe, and subsequently added an additional slot to FringeNext because the applications were so strong.”

 

Vosmeier also said that he is excited about the three international acts, two from the United Kingdom and one from Israel, at this year’s festival.

The growth and increasing popularity of the Fringe Festival has seemingly mirrored that of the neighborhood is has called home. That trend, however, is now also posing some problems as available, low-cost venue locations are harder to come by.

“We’re thrilled that the neighborhood has reached a critical mass of stable and thriving businesses, but the challenge this poses to our festival is real,” Vosmeier explained. “There was a time when empty storefronts were always available. There was a time when neighborhood landlords shared space at low or no cost – I remember a couple of years when my venue rental costs were $0.”

Vosmeier says that venue costs for this year’s festival were closer to $8,000, and says that organizers are looking to do everything in their power to keep the nearly two-week event in this area of Over-the-Rhine for the foreseeable future, but also realize the challenges they faced this year will probably not be going away.

Fortunately, he says, long-time supporters like Coffee Emporium, Art Academy of Cincinnati and Urban Sites continue to come through with a number of guaranteed venues each year.

The hard work put in by volunteers and Know Theatre employees is something that has helped make the festival a favorite for participating artists who are treated to the country’s smallest application fee, free housing, no participation fees and the opportunity to learn from other artists during the festival’s workshop and development series.

“We have tried to create the most artist-friendly festival possible,” said Vosmeier. “We have ample, but not the biggest box office payouts, but because we make it nearly free of costs for artists to play with us, they see the value in coming to Cincinnati’s Fringe.”

Such treatment has not only benefitted the artists, but also the festival itself. According to organizers, rolling out the welcome mat in such a way has helped foster an “extremely loyal” set of artists that are always looking to participate in Cincinnati’s annual Fringe event. Those loyal artists then, in turn, become ambassadors to other artists, of which 90% are referred by past artists.

Vosmeier also says that the return of these artists year after year better positions the city when those individuals consider relocation.

“I am currently talking with three individual artists who are seriously contemplating a move to Cincinnati, and it’s all due to their experiences stemming from the Cincinnati Fringe Festival,” Vosmeier emphasized. “Artists can be fickle and to have helped create a festival that makes an artist think ‘I might like to move to Cincinnati’ makes us feel like we’ve accomplished something pretty extraordinary.”

After organizing the festival for many years, however, Vosmeier has said that he will step down from his leadership role at the Know Theatre after the last performance concludes next Saturday.

“Working on this festival has truly been one of the privileges of my career. I love virtually everything about it,” Vosmeier told UrbanCincy. “We certainly have challenges each year. But in the end, this event fills us with so much joy and appreciation for our city, these amazing artists, and our audiences that it’s hard to focus on anything but the unique pop-up community that we create for twelve ridiculously invigorating days.”

Those who want to participate in one or more of the 12 invigorating days can do so by purchasing tickets online for just $12. The first performances get started this evening at 7pm. A full schedule for the 2014 Cincinnati Fringe Festival can be downloaded and viewed online.