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Business Development News

WHRF Announces Plans To Redevelop Historic Paramount Building

Last week the Paramount Building at Peebles Corner in Walnut Hills was open to the public for the first time in decades, and UrbanCincy was invited to participate.

The Walnut Hills Redevelopment Foundation, which recently purchased the structure for $750,000 from the Morris Investment Group, allowed several dozen local residents and historic preservation enthusiasts to tour the second and third floor office spaces before the monthly meeting of the Cincinnati Preservation Collective’s monthly meeting.

The WHRF plans to renovate the office floors, as well as the street-level commercial spaces, so the building may return to use as an anchor for the business district.

However, the tour revealed that the foundation has a significant task ahead in order to make the plan a reality. While it appears that the interior of the building has been secure and not subject to vandalism, there is significant deterioration due to water leaks and open windows. Some rooms were even off limits to the tour due to concerns about structural integrity of floors and ceilings.

Not all was bad though. In fact, a number of attractive original elements remain in place. This includes wooden partitions and glass doors, some of which still retain the stenciled names of the former office occupants.

The Paramount Building, which was built in 1931, originally had a theater attached at the east end along E. McMillan Street, where the CVS Pharmacy now stands. The drug store is part of the property, and provides some cash flow to the WHRF as they undertake renovations.

At the CPC event, WHRF Executive Director Kevin Wright stated that an application was made on the day of the purchase for state historic preservation tax credits. Such tax credits would be instrumental in advancing the project and bringing the prominent structure back to life.

Originally, the building featured a tall spire atop the tower at the corner of Gilbert Avenue and McMillan Street. During World War II, the spire was removed so that the structural metal could be donated to the war effort. Wright announced that he hopes to have the spire rebuilt as part of the renovations.

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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.

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Development News

Crossroads To Undertake $12M Restoration of Old Saint George in Clifton Heights

Old Saint George has sat vacant in Clifton Heights for many years, but will soon come back to life when Crossroads opens its newest church there.

The announcement was made earlier this year, but follows a string of news signaling that the urban regeneration of Cincinnati is more than skin deep. In addition to tens of millions of dollars in private investment flowing into the city, both jobs and population are growing. This has resulted in budget surpluses, growing enrollment at Cincinnati Public Schools, and a need for a new permitting center.

Crossroads will fill a space long occupied, and originally built, for the Roman Catholic Archdiocese of Cincinnati in 1874. It stayed there until St. George parish was merged with St. Monica parish down the street in 1989, and continues to carry on there to this day.

Since that time the building has sat vacant with a variety of proposals coming forward that would have restored the church for alternative uses.

Crossroads leadership say that their $12 million plan, which is celebrated by the Archdiocese, will not only restore the historic place of worship, but also bring it up to modern standards so that it boasts wifi and the audio and video displays that have become synonymous with Crossroads’ services.

“We’ll hold weekend services in this space, which will become the permanent location for our Crossroads Uptown site that currently meets at Bogart’s,” Jennifer Sperry, Crossroads Client Services Manager, told UrbanCincy.

“In addition, we hope for people to use our building as a community center, as it’ll be open throughout the week. We envision it as a space where students and locals can hold meetings, meet with project groups, pray, read, etc.”

The multitude of uses and variety of technology are all attempts to make inroads with younger individuals that have largely strayed away from religion throughout the United States.

At the University of Cincinnati, for example, Crossroads says that some 99% of students are not part of a church on campus. While they may attend churches elsewhere, such a huge gap also presents an opportunity for Crossroads.

Once complete, the restored Old Saint George will feature an 800-seat auditorium, a worship and community center, lecture venues, a coworking space with free coffee and wifi, and will see the structure’s grand steeples restored to their former glory before being burned down following a freak lightning strike.

Sperry says that they expect some 2,000 people to visit the facility on a weekly basis, which will be open seven days each week.

Unlike Crossroads massive facility in Oakley, Old Saint George is in a dense urban environment and is not surrounded by a sea of parking. As a result, church officials are expecting many of its visitors to arrive by walking, biking – a Red Bike station is located one-block away – or public transportation. But they also say that they are working with owners of nearby parking garages to determine if those spaces can be used during services.

The project is being funded mostly through private donations, but also through New Market Tax Credits. Project leaders say that several million more dollars need to be raised in order to complete financing, but also say that they are moving forward full speed ahead.

“The fundraising effort will be completed as part of a campaign that we’re launching this fall,” Sperry said. “We will use some of the initial money given in the campaign to finish the Crossroads Uptown project.”

Sperry says that the goal is to move into the restored structure by August 2016. Until then, she encourages those interested in learning more about Crossroads to attend their services currently being held at Bogart’s on Short Vine every Sunday at 7pm.

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Arts & Entertainment Development News

CDCAGC To Host Bike+Bus Tour of Walnut Hills Area This Friday

Urban revitalization can often be a long, challenging process that is done building-by-building and block-by-block. As Cincinnati urban neighborhoods continue to revitalize, the Community Development Corporations Association of Greater Cincinnati (CDCAGC) has worked to showcase some of these successes with an annual bus tour.

This year the CDCAGC plans to showcase the work being done in the Walnut Hills area.

With an increasing amount of attention and investment going toward the Walnut Hills area these days, it has become a showcase neighborhood for community development progress in Cincinnati.

Largely led by the Walnut Hills Redevelopment Foundation, the neighborhood has hosted numerous events and activities to help rebuild and inject new life into the neighborhood by engaging its residents. Such activities have helped attract investment and revitalization.

Unlike previous years, this year’s bus tour will also include a biking component that will be led by UrbanCincy staff and representatives from the WHRF. Those on the tour will bike from east to west throughout the historic neighborhood.

Queen City Bike will also be on-hand to provide bicycle valet parking at various tour locations.

The tour will start at the Walnut Hills Redevelopment Foundation’s office on McMillian Street this Friday at noon, and will include a stop at Kitchen 452 for lunch. Tickets can still be purchased on the CDCAGC website. Bring your bike, we hope to see you there!


Above: Video of last year’s tour of Northside and College Hill (provided)

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Development News

Hamilton Earning National Praise For Its Smart Growth Development Approach

Last month, the City of Hamilton was recognized for its built projects by the US EPA as one of three National Awards for Smart Growth Achievement in 2015.

The awards are given annually to three local government entities that embody the spirit of smart growth by embracing policies and strategies that re-utilize existing infrastructure, protect the environment, provide inclusive mixed-income housing, and strengthen local economies.

In the selection process, Hamilton was specifically singled out for a public-private partnership with Historic Developers, LLC that resulted in three redevelopment and preservation projects. This included Mercantile Lofts, Hamilton’s first new downtown housing in decades, and the conversion of the Journal-News’ former offices into an arts and dance studio that now houses the Miami Valley Ballet Theatre.

Officials say that the partnership leveraged just over $17 million to spark an additional $15 million in investment at adjacent properties.

Over the past five years, these initial projects have been a part of more than $65 million in direct investment, by both local and regional developers, along downtown Hamilton’s High Street corridor.

This award follows numerous others that have been given to the city by other organizations, including the International Economic Development Council’s Excellence in Economic Development awards in 2013 and 2014.

The other two cities recognized in this year’s National Awards for Smart Growth Achievement were Newark, NJ for its revitalized riverfront park, and Jackson, TN for its Jackson Walk mixed-use development in its completely rebuilt downtown district.