Posted Jan 26, 2015, 1:17 AM
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Join Date: Nov 2010
Location: Cincinnati
Posts: 611
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Rookwood Pottery owner plans $75 million development in Over-the-Rhine
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Martin Wade has big plans for a corner of Cincinnati's Over-the-Rhine neighborhood.
Big might be an understatement. Wade, the owner of Rookwood Pottery Co., plans to develop a large chunk of properties around the historic Grammer's German restaurant at Walnut and East Liberty streets. The three-phase project would include nearly 100 apartments, 40,000 square feet of office space, retail space and four single-family townhomes. In total, he's looking to make an investment of about $75 million. It's an area ripe for rehabilitation but sits near to Cincinnati Center City Development Corp.'s recently completed Mercer Commons phase II.
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Source: http://www.bizjournals.com/cincinnat....html?page=all
Photo Source: http://www.wcpo.com/money/local-busi...illion-project
Urban Sites considers development near streetcar line
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Urban Sites, a developer that has put in more than 400 apartments in Over-the-Rhine, is considering turning a large vacant building across from the Samuel Adams brewery on Central Parkway into apartments or commercial space.
In September, the Cincinnati City Council approved a preferred developer agreement with Urban Sites to develop the vacant, city-owned property at 1632 Central Parkway. The building used to house the Cincinnati Business Incubator. Historically, the structure, which Urban Sites is calling the Film Center, was owned by Warner Bros.
It's too early to tell whether the 40,000-square-foot building will be used for highly desired office space or 42 market-rate apartments, said Michael Chewning, chief operating officer for Urban Sites.
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Source: http://www.bizjournals.com/cincinnat...ment-near.html
$11.2M Redevelopment of Historic Heberle School to Breathe New Life Into West End
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A team of New York-based developers have purchased a number of properties in the West End, and a recent tax credit from the State of Ohio may spark the first major redevelopment investment in the historic district in decades.
In 2012, Zada Development purchased two historic school buildings from Cincinnati Public Schools for $60,000 each at auction. The two schools sit within a block of one another in the Dayton Street Historic District, and have sat vacant for the better part of the last decade.
The development team told UrbanCincy that they intend to begin construction on the 86-year-old Heberle School in February, thanks to a $1.8 million Ohio Historic Preservation Tax Credit – the biggest award in the recent round of funding in Southwest Ohio aside from Music Hall’s $25 million catalytic project award. It is due to the neighborhood’s proud history that the developers decided to enter the Cincinnati market and take on their first project here.
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Source: http://www.urbancincy.com/2015/01/11...into-west-end/
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