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Development News

Neighborhoods Committee Supports Additional Dense, Walkable Development in Avondale

Avondale’s desire to capitalize on the upcoming $106 million MLK Interchange with more dense, walkable development took a big step forward on Monday with the approval of the rezoning of several properties by City Council’s Neighborhoods Committee.

If approved by the full City Council on Wednesday, the move would rezone approximately 16.76 acres along Reading Road from commercial community-auto to commercial community-pedestrian.

The properties were recommended for the creation of “a more structured street edge” in the September 2014 MLK/Reading Road Corridor Study, and were chosen by the Avondale Community Council, Avondale Comprehensive Development Corporation, and Uptown Consortium.

“We really looked at the areas that they felt maybe were at the most risk for auto-oriented development,” said supervising city planner, Katherine Keough-Jurs. “Obviously they want to make this the gateway to their community, and they felt that these were the areas they really wanted to focus on.”

Under commercial community-pedestrian (CC-P) zoning, new construction must be built to the front lot line. Existing buildings can remain as they are, unless altered.

Uptown Consortium President and CEO Beth Robinson has stated that she expects the construction of at least 3 million square feet of real estate within five years of the interchange’s completion, which is scheduled for November 2016.

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Business Development News

Clifton Working With City Hall to Complete Funding for Co-Op Grocery

Cliftonites who have raised more than $1 million to establish an “uptrend” neighborhood grocery store got a big boost of support from the City last Monday.

Cincinnati City Council’s Budget and Finance Committee considered a motion by Vice Mayor David Mann (D), who also resides in Clifton, to include a $550,000 loan to the Clifton Market co-op in the fiscal year 2015-2016 budget. While this idea received general support at the time, it was put on hold for further vetting.

City Manager Harry Black’s proposed budget, which was released on Wednesday, included no line item for this project.

To date, 991 people have paid $200 for a share of the $5.6 million market, which would occupy the 21,972-square-foot space, at 319 Ludlow Avenue, that formerly held Keller’s IGA.

Keller’s IGA closed in 2011, and the community has been unsuccessful in several attempts since then to reestablish a neighborhood grocery store there, including local grocer Steve Goessling who sold the building to the Clifton Market group last month.

No grocery store exists within 1.7 miles, and some of the investors live in nearby neighborhoods.

“They all look to getting Clifton Market up and running as a kind of beacon of hope for getting groceries in their neighborhood,” said Charles Marxen, a field director for Clifton Market who often spends time in the newly-bought building to answer residents’ questions. “Having a grocery in this central location is pertinent to the success and well-being of all of the communities around Clifton.”

Adam Hyland, chair of the Clifton Market board, said that the project would restore the economic engine of the business district. He also said that the closure of Keller’s resulted in a 40% drop in business for Ludlow Avenue establishments.

“It was a social space for the community,” he said. “It was an important place for neighbors to see each other and come together.”

Hyland estimates that the new grocery would create between 60 and 70 jobs, and market studies show that it could attract about 15,000 shoppers per week. Financial estimates show that the group could see $13 million in revenue within the first year.

Brian Frank, co-chair of the Food Action Team of local sustainability network Green Umbrella, added that food co-ops have nearly three times as many local food producers contributing as the average major grocer. They also get more than three times of their inventory from local companies, have higher wages, and provide more healthcare benefits.

“Co-ops may be new to Cincinnati, but this sort of an organization has a national presence in our country,” he said. “There are [grocery co-ops in] 38 states that represent $1.7 billion of economic development across this country.”

Councilmember Chris Seelbach (D) was skeptical at first, but changed his mind when he heard that the co-op had a bank on board to support the project.

“They took it upon themselves, after the City tried unsuccessfully to find another person to operate the grocery store, to find a solution,” Seelbach clarified. “They’ve gotten a bank, whose sole purpose is to make money. Banks are not in the business of helping people open grocery stores. They may say that, but they’re not going to take a risk unless the risk is a good one.”

Both Charlie Winburn (R) and Wendell Young (D) also voiced their support for the specific plan, and the actions being taken by the Clifton community.

“What’s really good that’s going on here is that people in Clifton have made it clear, in no uncertain terms, they want this grocery store,” Young said. “They’re not going to go away; they’re going to get that store. I think it would be a shame if we ignore all the hard work that has gone into making this happen by not doing our part to make sure that they’re successful in this effort.”

Several members of the committee, including Winburn, suggested that the funding package could be a grant, loan, forgivable loan, or a combination of several types. While Councilmember Yvette Simpson (D) was also on-board, she expressed a preference for a grant or forgivable loan due to tight profit margins for grocery stores.

Meanwhile, Winburn managed to cast both his doubts and support for the effort to bring a neighborhood grocery store back to Clifton.

“Be cool,” Winburn cautioned. “Be cool now, because you’re talking about the taxpayers’ money and loaning money, and we have to be fair in the process. I think it’s important that our excitement don’t get in the way of having this group having what we call proper vetting and due diligence.”

In lieu of a line item in the City’s budget, he also suggested that there may be grant money available through the Ohio Department of Development.

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Development News

First Designs Revealed For What Tiny Living Could Look Like in Over-the-Rhine

Brad Cooper unveiled his first designs for two 250-square-foot homes that will be built on the northern edge of Over-the-Rhine later this year.

After showcasing the designs and explaining the process to prospective home-buyers last night, Cooper now says that he hopes to keep moving the project forward so that they can be built by the end of the year, and welcome their tenants by 2016.

The homes are admittedly not for everyone. Instead of focusing on standard sizes and layouts, Cooper has instead focused on a minimalist approach that requires creativity and an open mind to make it work. But if recent trends in tiny living are any indicator, he might be on to something locally.

“You can still live large in a small space, but the homeowner’s lifestyle needs to align with the ethos of tiny living,” says Cooper.

The two initial lots that Cooper is looking to build on are located on Peete Street, where most of the northern side of the street has sat vacant for many years. The lots are small and have a steep slope near the rear, making them nearly impossible to develop according to traditional building practices.

The site layouts, which are still being refined as part of the ongoing design process, leave room for outdoor living space, as well as an adjacent, off-street spot to park a car.

Cooper, who is a professionally trained architect, is being partially driven to develop such a concept due to his belief that affordable housing can be for everyone, but that it begins with a quality upfront investment.

The goal is to sell both of the homes, which are priced at $70,000, by the end of summer or early fall, then to break ground shortly thereafter. For that price, Cooper says that the home-buyer would get most things that are expected in any home, but have options to include a full-size refrigerator, dish washer, washer/dryer, and built-in furniture.

Each of the homes will also come equip with solar panels at the rear of the lot.

At the $70,000 price point, Cooper says that someone making just $10 an hour working 40 hours a week could afford to buy one of the homes. Using standard financing benchmarks, he estimates that someone of that background could finance the home for approximately $500 a month after making a $2,000 down payment.

To help first-time home-buyers through the process, Cooper has partnered with Working in Neighborhoods so that they can get the information they need before moving forward.

Should such an endeavor be successful, it could prove to be a scalable model that the city could use to develop small, difficult lots that have long sat vacant. Most of these locations are located in or very near the center city, so it also gives people an affordable option for buying close to the core.

“You’re not just buying a tiny home, you’re purchasing a stake in one of the most remarkable historic districts in the country,” Cooper noted.

Interested home-buyers are required to attend one of the planned outreach sessions, like the one held last night. While the dates and locations for those have yet to be released, those who are interested can receive updates by signing up at StartSmallHomes.com.

The effort is being funded, in part, through a $100,000 Haile Fellowship at People’s Liberty.

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Development News

Start Small, Live Large Event to Engage Homebuyers Interested in Tiny Living

In December we announced that one of our writers had won one of prestigious Haile fellowships at People’s Liberty. As part of that, Brad Cooper would receive $100,000 to quit his job and spend the next year developing a concept for affordable, tiny living in Over-the-Rhine.

Over the past five months Cooper has been developing his design, based on community and professional feedback; and he is now ready to present his initial designs at an event he’s hosting Wednesday evening at the Over-the-Rhine Recreation Center.

The event, called Start Small, Live Large, will showcase Cooper’s design concepts thus far, while also presenting additional information for those interested in purchasing one of the two 250-square-foot homes he plans to initially develop. In fact, this is actually the first of a series of events that interested homebuyers will be required to attend in order to eventually purchase one of the homes.

Cooper says that only those interested in eventually buying one of the homes should attend the event. He also notes that those potential homebuyers will need to attend only one of the events as part of this series.

To help these prospective investors better understand the process, Start Small, Live Large will feature a “Homebuyer 101” presentation from Working in Neighborhoods, with a question and answer period to follow.

The event will take place from 6pm to 7:30pm at the Over-the-Rhine Recreation Center at 1715 Republic Street. Light refreshments will be provided.

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Development News

AC Hotels by Marriott to Partner With Eagle Realty on $35 Million, 165-Room Location at The Banks

After several years of trying to attract a hotel to The Banks, the project has landed a brand that is sure to attract the fastest growing customer segment in the industry – millennials.

In a special meeting before the Joint Banks Steering Committee, Eagle Realty Group development affiliate Main Hospitality Holdings and Blue Ash-based hotel operator Winegardner & Hammons announced plans to build a seven-story, 165-room AC Hotels by Marriott on the southwest corner of Freedom Way and Joe Nuxhall Way, directly across from Great American Ball Park.

The news was broken was UrbanCincy last month and comes one year after the brand backed out of a deal to redevelop the former School for Creative and Performing Arts in Pendleton.

Known for its upscale, contemporary European influences, the brand began as a joint venture between Marriott International and leading European hotel developer Antonio Catalán in 2011. The brand officially launched in the North American market in 2013 and now boasts locations in Chicago, Kansas City, Miami Beach, New Orleans, and Washington, DC, making it the fastest launch of a Marriott brand in history.

“We’ve wanted this brand for over five years,” explained Mike Conway, president and CEO of Winegardner & Hammons, with regard to why the third largest hotelier in the world wants to grow in the Cincinnati marketplace. “We think it’s a…absolutely home run in Cincinnati. The reason why we say that is people are moving back to the urban core; and our city, like all major cities across the country, is experiencing a revitalization of downtown.”

Adding to Conway’s enthusiasm was Cincinnati Reds president and CEO, and committee chairman, Bob Castellini.

“The Banks offers up perhaps the best location for a hotel in the city,” Castellini noted. “It took us a while to find and secure the best possible flag and developer for the hotel at The Banks, and I really believe that we have the best possible flag and developer.”

The designs show an L-shaped structure, with the main building height fronting on Joe Nuxhall Way and a smaller, one- to two-story portion to the building’s south.

Along Joe Nuxhall Way, the building will include the front desk and guest rooms – expected to have a $180 per night average rate – and will be capped with a rooftop terrace bar and deck overlooking the Ohio River. It will also include a water feature and a four-story animated LED video board.

The shorter southern portion, made necessary due to height restrictions, will include a lounge, library, fitness facility, conference rooms, and a courtyard overlooking Smale Riverfront Park.

The project team will present the plans to the Urban Design Review Board on Thursday. If all goes according to plan, construction could begin in August and be completed by spring 2017.

The development is expected to cost approximately $35 million, with the equity and debt financing already in place. But the best part, steering committee member Tom Gabelman said, was that it will require no city or county subsidies.

“That’s rather phenomenal in this environment,” he said. “And it’s rather phenomenal, too, that we basically have the quality of hotel that the city and county desired for this premier location.”

Meanwhile, construction continues on Phase 2 of The Banks, most notably on a 339,000-square-foot office building for General Electric that is expected to employ between 1,800 and 2,000 workers when completed in late 2016. Next door, a building featuring 291 apartments and 20,000 square feet of retail space is slated for completion next spring.

Project officials provided some additional details on the infrastructure buildout for Phase 3, which will be paid for with revenues produced by prior phases. This infrastructure work is critical to lift the development out of the Ohio River floodplain, and must be completed before any private real estate development can begin.

Leadership also said that there is a desire to diversify the retail environment along the central riverfront, and further add to the “live, work, play” mantra driving the development.

“I want to add another word there pretty soon, because we hope to have there not just a hotel, but a grocery store and some other retail opportunities so it will be a great place to live, work, shop and play,” said Castellini, who also explained how he used to have to walk down to the river at 4am to make sure it was below 52 feet so that he could open his produce business.

Much has changed along the northern banks of the Ohio River since the days of Castellini’s produce business, and much more will change over the coming years. Project officials say that they will bring a detailed plan for the next round of work to City Council within the next one to two months.