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3CDC eliminates office space from Mercer Commons plans

3CDC eliminates office space from Mercer Commons plans

Construction of the second phase of Mercer Commons is nearly complete, but the Cincinnati Center City Development Corporation (3CDC) is changing the plan for the third phase of the development. As 3CDC didn’t receive a New Markets Tax Credit for the project, the office component has been dropped and could be replaced with more residential. Several other 3CDC projects will be moving forward as planned, without the tax credits. More from The Enquirer:

“Our work program still remains incredibly aggressive,” said Stephen Leeper, 3CDC’s president and chief executive. Leeper and other 3CDC officials made the comments last week at an Enquirer editorial board meeting.

3CDC, though, is shelving plans to develop a new office building as part of Mercer Commons’ third phase and a mixed-use project at 15th and Race streets in Over-the-Rhine. […]

The $18.3 million Mercer Commons plan on 14th Street between Vine and Walnut called for creating 53,000 square feet of office space. Gelter said a company approached 3CDC about developing the building, but the project wasn’t feasible without tax credits. The site could be repositioned as residential.

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Month in Review

Month in Review – May 2014

Three of UrbanCincy‘s top stories in May revolved around a few dramatic transformations taking place in the urban core. We took you on a Street View tour of some of the biggest transformations in the city, showed you photos of the Cincinnati Streetcar’s construction, and shared news about changes to the city’s oldest historic district. In case you missed them, enjoy UrbanCincy‘s most popular stories from May 2014:

    1. PHOTOS: Cincinnati’s Dramatic, Decade-Long Transformation Visualized
      While many of us can feel that a transformation has taken place in Cincinnati over the past decade, it can be difficult to visualize it. Thanks to new Google Street View capabilities we have done just that.
    2. EDITORIAL: What Cranley’s Clever Budget Means for Urbanists
      The rookie Mayor John Cranley has proposed his first budget. At first glance, it doesn’t look so bad. But after further review what most feared is in fact the sad reality.
    3. The Littlefield to Bring Craft Bourbon Bar to Northside This June
      A craft bourbon bar called The Littlefield will open in Northside next month. The approximately 400SF establishment, which will also include a large outdoor terrace, has been years in the making.
    4. Western & Southern Aiming to Alter Lytle Park Historic District Boundaries
      Western & Southern has long been rumored to be eyeing a location for a new high-rise office tower to consolidate their headquarters; and proposed changes to the Lytle Park Historic District may be setting up for exactly that.
    5. PHOTOS: Construction Activities for $133M Streetcar Project Move Southward
      Significant visual progress continues to be made on the $133M first phase of the Cincinnati Streetcar. Take a look at the progress and learn about a string of good news that may push forward the opening date.

 

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Month in Review

Month in Review – April 2014

This month was filled with news of businesses coming to the urban core — from a chocolatier and a barbecue joint coming to Findlay Market, to a unique beer cafe near the Gateway Quarter, to a pizzeria downtown. Phase 2 of The Banks also broke ground this month, and we provided an update on one of the gaps still remaining within Phase 1.

In case you missed them, here were UrbanCincy‘s most popular stories from April 2014:

    1. Eli’s Barbeque, Maverick Chocolate First of Several New Tenants to Open at Findlay Market
      A popular local barbecue restaurant and Ohio’s first bean-to-chocolate manufacturer will soon open at Findlay Market. But they are just two of many new storefronts that will be filled this year.
    2. Take a Look at CVG’s Abandoned Concourse C Through Ronny Salerno’s Lens
      While Concourse C was once a symbol of CVG’s prominence and significance, it is now a visual reminder of how far the airline industry in general, and the airport in specific, have fallen over the past decade.
    3. Connoisseurs, Novices Can Start Getting ‘Half Cut’ at OTR’s New Beer Cafe Today
      HalfCut will attempt to distinguish itself from the rest with a unique twist – it is a beer café where their “beeristas” will help recommend beer choices and get to know their customers in a relaxed setting much like a coffee shop.
    4. Townhomes Removed from Development Plan for The Banks
      With the new agreement between Hamilton County and the Bengals, the next phase of The Banks will get started. The hotel, office tower and oft-forgotten townhomes at phase one are another issue.
    5. Popular St. Louis-Based Pi Pizzeria to Open Cincinnati Location in AT580 Building
      Pi Pizzeria is set to open its seventh location, and only its second outside of St. Louis, in the AT580 building at 6th and Main.

 

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Month in Review

Month in Review – March 2014

The top news story in March 2014 was the arrival of Uber and Lyft in Cincinnati, as two of UrbanCincy’s top articles were focused on their services and what it means for the taxicab industry. Road and bike infrastructure were also in the news, along with a new historic preservation movement bringing people together to save several key buildings.

In case you missed any of them, here’s a look back at our five most popular stories from last month:

    1. Uber and Lyft to Soon Enter Cincinnati Market
      Two ‘ridesharing’ companies are moving into the Cincinnati market.
    2. VIDEO: Are ‘Protected Intersections’ the Next Bicycle Infrastructure Innovation?
      As Cincinnati works to expand its bicycling infrastructure with bike lanes and cycle tracks, we may need to include this one additional consideration.
    3. Uber Officials Credit Cincinnati’s Urban Revival, Tech Scene for their Arrival
      Uber used geolocation information to learn that there was “pent up demand” for their service in the Cincinnati area.
    4. Snow Accumulation Highlights Cincinnati’s Over-Engineered Streets through ‘Sneckdowns’
      Thanks to the large accumulation of snow on city streets this winter, it was easy to tell where roads are over-engineered.
    5. Cincinnati Preservation Collective Draws from Different Backgrounds to Save Buildings
      A new group is channeling their effort into saving five buildings of historic significance in Cincinnati.

 

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Development News

New Workshops Hope to Assist Homebuyers Looking to Rehab in Over-the-Rhine

Aside from buying the latest condominiums available through 3CDC, owning a home in historic Over-the-Rhine can be a challenge. Many buildings that are not already occupied are typically abandoned and some are in dire condition of falling apart.

There have been plenty of people who have taken on the task to rehab abandoned buildings only to find that they may have taken on too much. The Over-the-Rhine Foundation is hoping that a new workshop will help those interested in rehabbing historic buildings make the connections, get the information and understand the potential challenges involved with such a process.

Beginning in April, the Over-the-Rhine Foundation is launching a series of three workshops geared towards addressing these challenges. Organizers say that boosting home ownership rates is one of the major goals of the foundation.

“We as a foundation are committed to revitalizing the diverse OTR neighborhood, and a key objective is building community by encouraging and promoting owner-occupied development,” Kevin Pape, President of the Over-the-Rhine Foundation, said in a prepared statement.

Pape says that the three-part series will begin with an overview of the scope of rehabbing property in the 19th century neighborhood. That first session will end with an optional walking tour of rehabbed properties, while the second and third sessions will provide a more in-depth look at the process of rehab and financing.

“These workshops will help individuals gain access to the resources, expertise, and development tools needed to ensure the success of their community investments,” Pape continued.

Registration for all three workshops is $35 until April 4, when the registration fee will then increase to $50. The sessions will take place at the Art Academy of Cincinnati (map) and will occur on Saturday, April 12, May 10 and June 14. Those interested can currently register on the Over-the-Rhine Foundation’s website.

All photographs by Travis Estell for UrbanCincy.