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Development News

PHOTOS: Center City Construction Updates From October

Downtown Cincinnati and the adjacent areas continue to see both new development and redevelopment of existing structures. In an effort to bring broader awareness to the exciting projects occurring in the city, I snapped pictures throughout October showing the work taking place.

  1. Aqua on the Levee, which includes 239 apartments, an Aloft Hotel, and retail space
  2. Early work on a 15-story, 130 unit apartment building at the intersection of 7th Street and Sycamore Street
  3. Progress on the six-story, 117-room Holiday Inn at 7th Street and Broadway Street
  4. $24 million Alumi Lofts redevelopment of the former school in Pendleton into 142 apartments
  5. Prep work on Phase IIIA of The Banks project
  6. Continued progress on the 10-story General Electric Global Operations Center at The Banks
  7. Redevelopment of a former church into an event space adjacent to Washington Park called The Transept
  8. $27 million redevelopment of the YMCA at Elm Street and Central Parkway
  9. The Radius, bringing 292 apartments to The Banks

While these photos focus on projects in the center city, there are certainly many more exciting projects taking place throughout the city as its boom spreads outward. We’ll get to some of those projects in future updates.

EDITORIAL NOTE: This is the first of what we intend to be a regular monthly feature on UrbanCincy that will take a selected look at construction progress throughout the city. If you have any projects that you would like to have us visit and photograph, please let us know by emailing us at editors@urbancincy.com.

Categories
Business News Transportation

Red Bike Firmly Establishes Itself As Tri-State’s Largest Bike-Share Program

Red Bike recorded its 100,000th ride early last week when Keith Piercy checked out a bike at the Port Bellevue Station in Northern Kentucky.

According to Jason Barron, Executive Director of Red Bike, Piercy rode the bike across the river and docked it at the Freedom Center Station at The Banks. Piercy explained that he was out running some errands and was even on his way to go buy a new bike helmet.

“This is awesome. It [Red Bike] has been working out great for me,” Piercy said. “It is really helping out our one-car family.”

The moment comes as data from the American Community Survey found that Cincinnati has one of the fastest growing bicycling communities in the nation, and the biggest in Ohio. It also comes just after the one-year anniversary of Red Bike’s launch, which also took place in front of the National Underground Railroad Freedom Center.

According to Barron, ridership has far exceeded initial expectations, with more than 17,000 people using Red Bike in its first year. This growth also fueled the quicker than anticipated expansion of the system. With 50 stations located on both sides of the Ohio River, Red Bike is the largest bike share system in Ohio, and the first public bike share system in Kentucky.

While it is expected that ridership and system growth will level off over the second year of operations, Red Bike leadership is looking to iron out finances and expand upon programs, like the one recently launched with CityLink, to make the system more accessible to people at all income levels.

Annual memberships can be purchased for $80, while day passes can be purchased for $8. Semester passes, which are good for 120 days and are marketed toward university students, can be purchased for $30.

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Arts & Entertainment Business News

Neighborhood Group Attempting To Establish Museum Focused on Over-the-Rhine

For those of us who worry that Over-the-Rhine is in the process of losing its history to a swarm of new development and residents who know little about the previous lives of the neighborhood, there is a new group, of which I am part, which is working to address that very issue.

The impetus behind the Over-the-Rhine Museum, which is still in its formation stage, is to create a space where people can come to “discover and interpret the history of Cincinnati’s Over-the-Rhine neighborhood from its earliest inception through to the present.”

The goal is to accomplish this by using the stories of real people who have lived in specific buildings in OTR to show how the neighborhood has changed over time.

The museum plans to share not only stories of the neighborhood’s celebrated German heritage, but also stories of the Appalachian and African American residents that have helped to define the neighborhood more recently – creating a comprehensive history of the neighborhood over the past century and a half.

The Over-the-Rhine Museum group is in the early stages of forming and is basing itself on the model used by the Lower East Side Tenement Museum in New York City, which is located in another neighborhood with a strong immigrant influence that has changed dramatically over time.

While the Over-the-Rhine Museum does not yet have a physical location, the plan is to establish a pop-up museum in the near future, with the exhibits based on the specific space where the pop-up will be held. Any historic building in OTR can fit the bill for the pop-up space or the permanent museum because, as founding member Anne Steinert says, “all of these buildings have stories to tell.”

Those interested in getting involved with the effort, or simply learning more, can participate in a walking tour of historic tenement buildings around Findlay Market on Sunday, October 4. Tickets for the OTR Tenement Walking Tour cost $10 and can be purchased online.

Group organizers say that they are also planning to host a storytelling event over the winter. Additional questions regarding how to get involved can be directed at otrmuseum@gmail.com.

Categories
Development News

Model Group Moving Forward With $30M Second Phase of Broadway Square

Despite missing out on millions of dollars in state historic tax credits, Model Group is moving on undeterred with the next phase of work at Broadway Square.

Project officials say that the $30 million Broadway 3, which is actually phase two, should get started within the next week and will include 30 residential apartments and 1,200 square feet of commercial space.

“It’s a pretty sterile scoring system, so it’s pretty fair and to the point,” Bobby Maly, Chief Operating Officer at Model Group, told me when asked about missing out on the tax credits.

Undeterred, Maly then quickly changed to a more positive note and spoke about how Model Group is excited about the changes on tap for nearby Ziegler Park.

“Anytime you can create high quality green space that is safe and programmed is terrific,” Maly said. “Even the planned parking can be helpful for a high density neighborhood like Pendleton.”

One of the big differences about Broadway Square from the other developments taking place in Over-the-Rhine is that it has a different and unique setting. As many longtime residents know, Pendleton is less a district, and more of a pocket neighborhood.

To that end, he says that Model Group’s Broadway Square project is trying to not recreate what is happening on Vine or Main, but rather create a nexus that has a high concentration of professionals and niche businesses in a “high energy” environment.

So far the first phase of Broadway Square has lived up to that motto by attracting a collection of small, creative businesses, along with Urbana Cafe’s first brick-and-mortar location and the recently opened Nation Kitchen & Bar. While this next phase of work will have considerably less commercial space, Maly says that they have their eyes set on a small brewery for the corner of Thirteenth and Broadway Streets.

With apartments in Downtown and Over-the-Rhine at nearly 100% occupancy, and the first phase of Broadway Square fully leased within months with new marketing, the climate seems even better for the 30 new units this investment will bring online.

“There’s so much demand for Downtown and Over-the-Rhine right now that Cincinnati is still catching up with demand in that regard,” said Maly. “This is still more the beginning, than the middle or end.”

With work expected to get started soon on phase two, project officials say that the third and final phase could break ground as soon as January.

Categories
Business Development News

Garfield Suites Hotel To Be Converted Into 153-Unit Apartment Tower

Garfield Suites HotelLate on Friday afternoon the owner of Garfield Suites Hotel announced that the 34-year-old building would be converted back into apartments over the next year.

The news is tremendously positive for the center city’s residential and hospitality markets, both of which are experiencing their own transformations.

The 153-room hotel is one of the more dated in the marketplace, and it is facing increasing competition from new hotel operators at all price points. Such movements are forcing the hands of existing hotel owners to either make big investments to upgrade their facilities, close down or change uses. Removing these rooms from the inventory will make the market stronger for those other operators.

At the same time, there is virtually no apartment availability in the 45202 zip code, which covers Downtown, Over-the-Rhine and Pendleton. The location of this 16-floor tower is ideally situated for new residents looking to be in the heart of both thriving districts, and will almost certainly lease up in a matter of months.

Aside from the purely business aspects, this is also good for the vibrancy of the central business district. While there have been many new residential developments in Over-the-Rhine and at The Banks, it has been more difficult to inject large numbers of new apartments or condos into areas like this due to its existing buildout.

This particular location is one that is rich with jobs, but still struggling to reach a critical mass of residents that will support full-time service retail functions. Adding a couple hundred residents to the mix will go a long way to supporting that goal.

The interesting item about this project is that it is the building’s location that motivated its owners to convert it from apartments into a hotel 25 years ago.

At that time, the proximity to Over-the-Rhine was seen as a detriment and Downtown was not the place we know today. Those dramatic changes that have taken place in both neighborhoods over the past decade are now what is motivating the current owner to switch operations again.

This is a great example of urban resiliency.

The total cost of the renovation has not yet been determined, but owners intend to begin work in early 2016. They say that the plan will be to gradually make renovations so that the hotel can continue to operate as the units are gradually converted.

The owners also told Tom Demeropolis, who broke the story for the Business Courier, that they are also hoping to lease the 10,000 square feet of existing street-level retail space that sit vacant along Vine Street.