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3CDC and OTR hitting their stride!

3CDC has been working diligently in Over-the-Rhine rehabbing old structures, creating chic urban living options, and luring new unique businesses to the area. The first piece of their OTR work to come on line is the Gateway Quarter. This is the section of OTR including/surrounding Vine Street from Central Parkway up a few blocks.

The area has seen great successes so far. The Art Academy of Cincinnati has created student housing options in the area, the Gateway Condos have been a success, and multiple new businesses have signed leases. All of this is taking place while more buildings are being renovated with more living and retail options! The other buildings include: Bremen Lofts, Centennial Row, Duncanson Lofts, and Duveneck Flats.

Now the area has seen the influx of new housing before, but what is new is the interest of the retailers. These are not your typical retailers either…these are stores geared towards urban living/lifestyle. City Roots is an urban gardening store, MetroNation offers contemporary home accessories and furniture that is collapsible, Park + Vine is a green variety store, and Jean Robert de Cavel plans to open another restaurant in the city…this one being in the Gateway Quarter.

All in all, there are fantastic changes taking place in Over-the-Rhine. New businesses are opening, new residents are moving in, crime is dropping, and hopefully the neighborhood’s long tainted image will begin to improve. Next on tap for 3CDC in OTR is the Washington Park District. 3CDC has announced that they plan to rehab 100 units per year, for the next 7 years in OTR…the main kicker is that they also plan on doing this through rehabs and NOT tearing down buildings. Good things are in store!

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Parker Flats Construction Update

Parker Flatsis moving right along. The foundation is in, and the first level of structured parking is nearing completion. This project will really help add a needed component for the Historic W. Fourth Street District. This part of downtown is quickly becoming a nightlife hot spot with the recent opening of Bang Nightclub, and rumors of other potential nightclub ventures.

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Where Parker Flats comes into the equation is by offering new residential units into the historic district. Some people just don’t want to worry about maintenance on old buildings, and Parker Flats will breathe new life into the district. The one curve ball with this project is that it is being developed by Middle Earth Developers. MED has been criticized for using low-quality construction practices. Judge for yourself and tour some of these fantastic living spaces developed by MED in the Historic W. Fourth Street District. You can contact MED for more information on their residential properties here: jimmoll[at]fuse[dot]net.

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Fountain Square Updates

Well the finished Fountain Square is steadily progressing. I must say that the whole Fountain Square District is really starting to look quite nice. McCormick & Schmick’s has been open for several weeks now and looks fantastic; and Boi Na Braza is making steady progress and has now installed new awnings on the outside of the building.

The square itself is almost near completion as well. The plaza is almost complete, with just a small section just north of the fountain to be complete. This will most likely be done/open to the public once the new facade is complete along the lower 5/3 building, as well as, the construction of Via Vite. Via Vite has the opportunity to be one of the GREAT places to dine in Cincinnati! The location is second to none, and the quality of food potentially fabulous.

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Much criticism has been made thus far about the funding and quality of work that has been done on Fountain Square. I contend that this is money well spent. Not too many communities across the nation have a public space the improvements made to the public plaza are tremendous improvements over the previous concrete fallout plaza of sorts that existed before. There has been much spin-off investment and the surrounding blocks are really coming to life. When you look at as great as Fountain Square, and an investment you want to see what your return on investment is when all is said and done.

The Fountain Square District has seen the openings of several new restaurants, new residential is moving in at several different projects around the square, new retailers have opened and announced openings and the city has put up has heard the announcements and money to improve the streetscaping around the square.

In my eyes, it sounds like $42 million went a long way towards the revitalization efforts of downtown!