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Business Development News

Thousands of new residents now calling downtown Cincinnati home

Downtown Cincinnati Inc. (DCI) has released its eighth annual State of Downtown Report. The findings show continued improvements throughout the Central Business District, Over-the-Rhine and Pendleton neighborhoods.

“New, world-class office development, active retail leasing and expanded entertainment options demonstrate that downtown is thriving,” Gina Gartner, DCI’s Director of Stakeholder Services, stated in a prepared release. “In addition, the growing residential community, from The Banks to Over-the-Rhine, is actively engaged in making downtown a great place to live.”

Customers enjoy the newly opened 1215 Wine Bar & Coffee Lab in historic Over-the-Rhine. Photograph by Randy A. Simes for UrbanCincy.

The 36-page report touts the continued population growth in the urban core, and points to more than $1.3 billion worth of development either currently under construction, or in planning stages. This, DCI officials claim, is evidence of a resurgent downtown area.

“Downtown continues to enjoy major growth and development within its neighborhoods, old and new, from Fountain Square to the East Eighth District and The Banks to Over-the-Rhine,” explained DCI President David Ginsburg. “With this growth, it becomes even more important to connect visitors, residents, employees, developers, and others to the wealth of options downtown has to offer once they are here.”

One way in which boosters envision connecting the growing number of people with the growing number of destinations downtown is through critical transportation investments like the $99.5 million first phase of the Cincinnati Streetcar and future enhanced bus service.

Downtown Cincinnati population growth chart provided by Downtown Cincinnati Inc.

The report also highlighted 12 percent residential growth credited, in part, to the addition of 300 new apartments at The Banks which are 100 percent leased. The surge of new residents comes at the tail end of a period where the downtown area has added more than 5,000 new residents.

The residential growth at The Banks was complimented by ongoing population growth in historic Over-the-Rhine and throughout the Central Business District. And while the second phase of The Banks may not get underway for another six months, officials are excited about 88 additional apartments that will soon come online at The Reserve at 4th & Race.

“A 12% increase is significant and adds greatly to the vibrant city we work toward every day,” Ginsburg noted. “And, though it was not a surprise to DCI or its partners, the more than 25% drop in crime over the past ten years can be credited to the continued commitment of the Cincinnati Police, the City of Cincinnati’s Public Services Department, the Cincinnati Parks, Downtown Cincinnati Inc., and others.”

Perhaps tying the positive trends in residential growth and crime decreases with one another, are the brightly colored Downtown Ambassadors seen out on the streets every day, which have also recently begun servicing parts of Over-the-Rhine.

The report also found that 28 retail establishments opened in the downtown area in 2011, and that hotel occupancy rates surpassed the national and local average at 63 percent.

Categories
Arts & Entertainment Business News

Cincinnati’s urban growth being fueled by young entreprenuers

It is not always easy to fully tell the narrative of a place and its people through words alone. This, I would suspect, is one of the most constant struggles for writers and professional journalists.

Over the past five to seven years, a tremendous amount of progress and change has taken place throughout Cincinnati’s urban core. This progress, however, is not just through bricks and mortar, but also the people who populate those buildings. In fact, those people are the most significant part of the equation. Without their ideas, hard work and passion, none of this would be happening.

Thankfully, Queen City Project has been documenting some of these people and their stories. Their latest video looks at a collection of young entrepreneurs looking to bring their new ideas to Main Street – literally and figuratively.

Cincinnati Growing Cincinnati is a six-and-a-half minute video that breaks down some of these individuals, but also identifies the start-up infrastructure in place that is helping foster their growth and jump start other new ideas with the help of seed money and support networks.

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Up To Speed

Clock is ticking on Music Hall renovation deal

Clock is ticking on Music Hall renovation deal.

The group tasked with overseeing the massive renovation of Music Hall has said that the time to act is now. Meanwhile, prominent arts philanthropists have said that they not only want to see the City of Cincinnati contribute $10 million to the project, but also give up ownership of the historic structure to the management group. More from the Cincinnati Business Courier:

Music Hall Revitalization Co. (MHRC) President Jack Rouse has said his group will dissolve if the deal isn’t done by June 1. The nonprofit was formed in early 2010 to jump-start the renovation project, which had been talked about for years. Devey said dissolution of MHRC would be a real loss for the effort to restore Music Hall, which has serious maintenance problems that need to be fixed no matter what.

Categories
Arts & Entertainment Development News

Weekend events to celebrate new riverfront park, progress in Over-the-Rhine

This weekend is poised to be a busy one with a variety of unique events taking place throughout the basin. We do not often plug events nowadays, but this is a weekend where you do not want to be absent from Downtown and Over-the-Rhine.

GoOTR 5k + Summer Celebration
The next big event will take place Saturday morning in historic Over-the-Rhine. The sixth annual GoOTR 5k will begin at 10am, and will raise money for the Over-the-Rhine Chamber of Commerce. While online registration has closed, those interested can still register in person today from 5pm to 7pm, 11am to 7:30pm on Friday, or immediately prior to the race on Saturday starting at 8:30am.


Festival-goers enjoy the 2009 OTR Summer Celebration. Photograph by Randy A. Simes for UrbanCincy.

The race is the first leg of the Cincinnati Triple Crown. The winner will receive a custom trophy from Rookwood Pottery and the rights to continue on their hunt for Triple Crown glory at the Hyde Park Blast and Downtown Dash.

The accompanying OTR Summer Celebration will take place immediately following the completion of the race along Vine Street between 12th and 13th streets. Officially starting at 4pm, the street fair will include local merchants and live music from Wussy, Josh Eagle and the Harvest City, Shiny and the Spoon, The Cincy Brass, Young Professionals Choral Collective, Pones Inc., and a special performance from the Blue Wisp’s Young Lions and their legendary jazz drummer Philip Paul.

Smale Riverfront Park Grand Opening
On Friday evening, city officials and community leaders will celebrate the grand opening of the first phase of the Smale Riverfront Park. The new park is the latest piece of Cincinnati’s central riverfront transformation. The completed first phase includes the area along Mehring Way between the Roebling Suspension Bridge and Great American Ball Park, and includes the Moerlein Lager House, an event lawn, multiple water features, monuments and the new Bike Mobility Visitors Center.

The bike center is seen another step forward for the city’s bike program after recently receiving an award from the League of American Bicyclists. The facility features bike rentals, shower stations, lockers and indoor bicycle parking, along with a knowledgeable staff at the center to perform bicycle repairs.

The grand opening celebration will begin at 6:15pm at the Schmidlapp Event Lawn, and will feature live music, free UDF ice cream, and a fireworks show at dusk. Those looking for a sneak peek of the new park can view the most recent construction progress video on YouTube.

Categories
Business News Transportation

Cincinnati receives national bicycle award, announces bike share feasibility study

City officials announced today that Cincinnati has been named a bronze-level Bicycle Friendly Community by the League of American Bicyclists. The award comes after two previous failed attempts, and makes Cincinnati one of three Ohio cities to receive the recognition.

Leaders say the award is as a result of the city’s ongoing efforts to add bike lanes, sharrows, dedicated bicycle parking to streets across the city, and frequently seek feedback from the bicycling community. The designation also illustrates a huge improvement since 2009, when the local community gave the city a “C” in its first bicycling report card.


Cincinnati officials announced today that a bike share feasibility study will begin in June and will be completed by August. Taipei bike share photograph by Randy A. Simes for UrbanCincy.

Since that time, City Council has passed a new bicycle safety ordinance requiring vehicles to maintain a three-foot passing distance when passing bicyclists, and banning cars from driving or parking in bike lanes. Additionally, the city’s Department of Transportation & Engineering (DOTE) has been working to add bicycle parking at special events such as the Midpoint Music Festival and inside parking garages such as at Fountain Square.

Efforts by other organizations have also helped improve the city’s bike friendliness. Three local transit agencies teamed to offer free rides to bicycle commuters on Bike to Work Day in 2011, and non-profit Queen City Bike has offered a list of bicycle-friendly destinations across the region.

City officials and bicycling advocates also took the opportunity today to announce that Cincinnati will begin a bike share feasibility study for the region’s urban core. The process, officials say, will begin in June and be completed by August this year. The work will be done by Alta Planning+Design, which is the same firm that has developed and implemented bike share programs in Washington D.C., Boston and New York City.

“We’re honored to be included among America’s most bicycle-friendly communities,” said DOTE director Michael Moore. “The award, as well as the bike share study, shows the city’s continued commitment and investment to making bicycling a viable transportation option for our residents.”

Bike share programs utilize rental kiosks that typically host 10 to 12 bicycles available to anyone interested in using them. Bike share kiosks across the United States typically accept credit card payments, but best practices around the world allow users to utilize a payment card that is integrated with the region’s bus, rail, and taxicab networks.

Users are allowed to pick up and drop off bicycles at any kiosk location, unlike car share program which require drop-off at the same location as pick-up. Officials say that a website for the bike share program will soon be launched, and will offer those interested a place to learn more and provide their feedback on potential kiosk locations.

EDIT: The original version of this story incorrectly stated that Cincinnati was the only city in Ohio to receive the Bicycle Friendly Communities designation, when in fact it is one of three (Dayton, Columbus).