Core Redevelopment purchased the former School for Creative & Performing Arts (SCPA) in December 2012 for $1.3 million. The 107-year-old building was originally built as Woodward High School, and Core has been planning redevelop the property since their purchase.
Plans for the $23 million redevelopment have fluctuated since Core became involved. At first the concept was to develop apartments, but then the Indianapolis-based developer looked at transforming the building into a boutique hotel. The hotel concept moved so far along that Core was in final negotiations with AC Hotels in June 2013. At the time, it would have been one of the first in North America, but the deal later fell through and AC Hotels announced that they would enter the Cincinnati market at a lifestyle center in Liberty Township.
Located in Pendleton, SCPA has a rich history that dates back to the early 19th century when the original two-story Woodward High School was established there. At the time, it was heralded as the first public school west of the Alleghenies. SCPA started to take control of parts of the building in 1976, and eventually expanded into the entire structure in 1977.
“We will continue to honor William Woodward and Abigail Cutter by working with the William Woodward Museum to enhance the memorial located on the east side of the site,” stated Core.
The 4.6-acre site is bordered by Thirteenth Street to the south, Sycamore Street to the west, Fourteenth Street to the north and Broadway Street to the east. The historic school is situated on the south edge of the parcel and is currently surrounded by parking on three sides. The northern side of the block contains Cutter Playground, which in recent years has fallen into disuse and is viewed by many neighbors as an under-performing asset.
The park has served as the focal point of discussions regarding the redevelopment of the property. The developers have proposed a variety of concepts that would build varying amounts of parking on parts of the park. The most recent proposal, which is supported by many community members, includes a condensed parking footprint and a partially submerged two-level parking deck.
In addition to developing 148 new apartments and 196 parking spaces, Core plans to remove most all of the existing pavement currently in front of the building’s main entrance along Thirteenth Street. Small access lots would remain on the building’s east and west sides, and the two-level parking deck would be constructed on the rear of the existing five-story structure.
Rents for the apartments, which will run from 500 to 2,000 square feet, are expected to range from $700 to $1,500 per month.
“Maintaining as much of the open space as possible to the north of the building while enhancing the remaining open space through the use of landscaping is also one of our goals.”
The most recent revisions are currently making their way through the approval process at City Hall, but this rendition appears to have the best shot at getting approved. If all goes according to plan, Core intends to begin construction within the next two months and welcome the first residents in Spring 2016.