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Business Development News

Indianapolis Developer to Continue Oakley’s Housing Boom with 272-Unit Project

Yet another Indianapolis-based developer is entering the hot Cincinnati residential market. This time the developer is Buckingham Companies and the location is Oakley.

According to the Business Courier, an UrbanCincy content partner, Buckingham has been eyeing the Cincinnati market for some time. They decided that now was the time to move on the seven-acre site immediately southeast from the $120 million Oakley Station development which will include nearly 600,000 square feet of office and retail space, 302 apartments and a movie theater at full build out.

The developers are citing the location’s close proximity to Downtown and the neighborhood walkability offered in now-booming east side city neighborhood as the main draws.

Buckingham hopes to break ground on the project this May and open the summer of 2015. At full build out the project will include 272 apartments in seven, three-story buildings. Residences will range from 812 to 1,600 square feet and likely cost around $1 to $1.50 per square foot.

The development says that they will pursue LEED for Homes, the U.S. Green Building Council‘s newest Leadership in Energy and Environmental Design certifications, for the project.

The site is located immediately adjacent to a freight rail line owned by CSX, and currently includes two industrial warehouse buildings and approximately 11 single-family homes along Cardiff Avenue. Both the homes and the warehouses date back to the early 1900s. Initial reports indicated that the developers may renovate one of warehouses into 41 apartments.

The project announcement comes immediately after the developers acquired seven of the properties earlier this week. Of the remaining five homes, three are held by separate, unaffiliated LLCs and the other two are listed by the Hamilton County Auditor as owned by individuals who live elsewhere.

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Business Development

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. The Cincinnati location will be in the AT580 building at 6th and Main Streets, one block from the Contemporary Arts Center, 21c Museum Hotel, and Aronoff Center, near several major corporate headquarters, including Procter & Gamble, and within walking distance of the riverfront and sports stadiums. The restaurant will seat approximately 125 and is being designed by SPACE Architecture of St. Louis.

Pi at AT580 Building - Cincinnati, OH

“We’ve been admiring the Cincinnati market for a few years now, but just started our search about a year ago,” Pi Co-owner Chris Sommers told nextSTL. “We are amazed at the resurgence of Downtown and OTR, and had to be a part of it.” Sommers has had his eye on Cincinnati for some time before finally signing a lease. Chris’s wife Anne Schuermann Sommers is from Cincinnati and the couple visits frequently.

AT580 Building - Cincinnati, OHGoogle Streetview of 6th and Main in Cincinnati.

In addition to serving award-winning thin crust and deep dish pizzas with a signature corn meal crust, the restaurant focuses on local brews and plans to serve only St. Louis and Cincinnati beers. “We are also very excited to partner with our hometown St. Louis’ largest local brewer Schlafly, featuring their beers for the first time ever in Ohio,” Sommers shared. The St. Louis Brewery, maker of Schlafly beers, is the largest craft brewer in St. Louis at 60,000 barrels per year. Schlafly produces Pi Common, a take on the Anchor Steam beer that started the craft brewing revolution.

A variety of beers from the burgeoning brewery scene in Cincinnati will be featured. “The brewing scene has exploded in Cincinnati and we can’t wait to pour as many local craft beers as possible,” stated Sommers. Pi Partners with local breweries in St. Louis and Washington D.C., hosting events, tap takeovers and offering custom brews, available exclusively at Pi. They plan to do the same in Cincinnati. Sommers also envisions a streetcar beer crawl once the line is running. The Cincinnati Streetcar will run on Main street past Pi.

Although created for internal design purposes, Pi agreed to share this video exclusively with nextSTL and UrbanCincy:

Sommers waited out the streetcar debate before committing to a Cincinnati location. “We choose our locations based on major transit lines, and feel the streetcar will be game-changing for Cincinnati,” Sommers told nextSTL. Pi’s original St. Louis location is located in the transit-rich Delmar Loop, the downtown St. Louis Pi sits atop a MetroLink station, and the D.C. restaurant is near both Metro Center and Chinatown Stations.

Pi at the MX - St. Louis, MOThe Downtown St. Louis Pi location.

Pi at the MX - St. Louis, MOThe Downtown St. Louis and Cincinnati Pi restaurant locations share many similarities (via Google Streetview).

The original Pi location opened in the City of Louis on Delmar Boulevard in 2008. Later that year, then Senator Obama visited St. Louis, speaking to an estimated 100,000 people at the Arch. An aide from Obama’s campaign was sent to get pizza and chose his favorite new pizzeria, Pi. The President became a fan and Sommers and Co-owner Frank Uible personally delivered Pi pizza to the White House for a 2009 dinner.

Capitalizing on the publicity, Pi opened a location in D.C.’s Penn Quarter in 2011. There are now four locations in the St. Louis area, including the Delmar Loop, Downtown St. Louis, Kirkwood, and Chesterfield. A Pi Truck also roams the roads and was used extensively to test the market in both downtown St. Louis and D.C. before opening brick and mortar locations. Sommers and Uible recently opened Gringo, a Mexican restaurant, in St. Louis’ Central West End, and have explored other restaurant concepts.

Pi was recently back in the Presidential spotlight, as it was recognized during the President’s weekly radio address for increasing employee minimum wage to $10.10 an hour. The Pi mention is at 1:31 in the video below. The current minimum wage in Missouri is $7.50 an hour, and $7.95 in Ohio. Pi employees in Ohio will make a minimum wage of $10.10.

Pi at AT580 Building - Cincinnati, OHA screen grab from above video shows street level design.

The AT580 building has been largely vacant since 2011 when Great American Insurance Company moved a couple blocks to Queen City Square, a building that happens to have been designed by Gyo Obata of the St. Louis architecture firm HOK. The 17-story tower was designed by RTKL Associates and Harry Hake & Partners for Southern Ohio Bank. Construction was completed in 1974.

The building sold in 2012 for $16M, the minimum bid allowed as a sheriff’s sale, after the owner had defaulted on its loan. The tower was again sold in early 2013 to Anderson Birkla Investment Partners of Indianapolis for $13.7 million. The new owner has proposed 179 apartments, 48,000 sf of retail space on two levels and 181,000 sf of office space, expected to be anchored by Fifth Third Bank. Last year, the Cincinnati city council approved of a 12-year property tax exemption valued at $4.8M.

If all goes according to plan, build out will begin in the coming weeks and a grand opening could be held in August.

This article is cross-posted at nextSTL.com

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Development News Transportation

UrbanCincy, Niehoff Studio to Host Regional Discussion on Wasson Corridor

In May 2013, UrbanCincy partnered with the Niehoff Urban Studio to produce an event that highlighted the final work of engineering and urban planning students studying bus rapid transit and bikeways throughout the region. We then showcased their work and engaged the capacity crowd with a panel discussion between some of the region’s foremost experts on the subjects.

One of the hot topics at that event was the Wasson Corridor, which runs through the heart of Cincinnati’s eastern neighborhoods.

The Future of the Wasson Way Bike Trail and Light Rail Corridor

The corridor has long been in regional transit plans as the location for a light rail line, but recent advocacy efforts have been working to convert the abandoned freight rail right-of-way into a recreational trail for bicyclists and pedestrians.

Following UrbanCincy’s controversial editorial opposing the corridor’s conversion into a bike/ped trail, the conversation has shifted to one focused on creating a multi-modal corridor that accommodates the long-planned light rail and the newly envisioned recreational trail.

The next stage of that dialogue will occur this Thursday back at the Niehoff’s Community Design Center in Corryville.

Over the past semester, interdisciplinary students from the University of Cincinnati have been studying the Wasson Corridor and will be presenting their work at this event.

Following the open house where guests can view the final projects, UrbanCincy will then host a panel discussion with Michael Moore, Director of Cincinnati’s Department of Transportation & Engineering (DOTE); Eric Oberg, Manager of the Midwest Rails to Trails Conservancy; Mel McVay, Senior Planner at Cincinnati DOTE; Nern Ostendorf, Executive Director of Queen City Bike. The discussion will be moderated by UrbanCincy’s Jake Mecklenborg.

The event is free and open to the public. The open house portion of the evening will take place from 5pm to 6pm, and the panel discussion will follow immediately at 6pm and go until about 7:30pm.

Light food and refreshments will be provided and a cash bar will be available during the open house. The Niehoff’s Community Design Center can be accessed directly off of Short Vine at the southeast corner of Daniels and Vine Street.

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Development News Transportation

Cincinnati Aims to Break Ground on Next Phase of Ohio River Trail in June 2017

City officials are advancing the designs for the next phase of the Ohio River Trail. The 2.2-mile segment will run from Salem Road to Sutton Road in Cincinnati’s California neighborhood on its eastern riverfront.

Project and community leaders are excited about the work because it will fill in a gap in the Ohio River Trail that will eventually stretch 23 miles from Coney Island on the east to Sayler Park on the west. The project will also represent an approximate 50% increase in the number of completed miles of the Ohio River Trail.

While designs are still being finalized, city officials presented a conceptual design and the preferred alignment with the public at an open house held on March 25.

The designs call for a shared use, asphalt path for bicyclists and pedestrians that is 12 feet wide. There would be a six-foot setback from the road, and the path would essentially function as an extra wide sidewalk in order to avoid taking any right-of-way away from automobiles.

The preferred alignment for the shared trail would run along the eastern side of Kellogg Avenue and go through the California Woods Nature Preserve. The pathway would pass underneath I-275 at the foot of the Combs-Hehl Bridge.

Project officials say that they will take feedback given during the recent open house into consideration when developing final designs, and formulate construction cost estimates. The next public meeting will take place in October.

If all goes according to plan, detailed design work will be complete by October 2016 and construction will begin in June 2017.

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Business Development News Transportation

Dayton Secures $1M in Capital Funding to Launch Bike Share System in Spring 2015

Dayton Bike Share MapThe City of Dayton, in collaboration with Bike Miami Valley, Downtown Dayton Partnership and the Miami Valley Regional Planning Commission (MVRPC), plans to start a bike share program in the spring of 2015.

The system will operate similarly to Cincinnati’s planned bike share system announced this past February. The main difference between the two, however, is that Dayton has secured $1 million in capital funding to build out the initial system of more than 200 bikes and 22 stations located throughout Dayton’s center city.

According to city officials, the bulk of the capital funding will come from a grant from the Federal Highway Administration Surface Transportation Program. The City of Dayton will then provide an additional $250,000 funding for capital costs and initial operations.

The accomplishment of securing the capital funding was one not lost on those at the press conference. Scott Murphy, director of business development at the Downtown Dayton Partnership, emphasized that Dayton is the second city in Ohio to secure the capital for a bike share program.

Even though Cincinnati officials have yet to secure the capital funding for their planned bike share system, they remain optimistic they can do so and start operations in 2014 – ahead of Dayton’s planned launch early next year.

Also unlike Cincinnati where a non-profit entity will manage the system, the Greater Dayton Regional Transit Authority will take the lead in managing the program, and in selecting an operator. According to Executive Director Mark Donaghy, a request for proposals will be issued in the next three months, and an operating contract will be awarded this summer.

Dayton officials estimate that the infrastructure will be delivered this coming winter, with the program becoming operational in the months thereafter. Bike Miami Valley, a local cycling advocacy group, spurred the whole effort to bring bike share to Dayton with the preparation of a feasibility study.

Findings of the study indicated that Dayton has a higher level of suitability for a program than some similarly sized cities that already have bike share, such as San Antonio, Chattanooga and Madison, WI. The study also estimated that Dayton’s system would handle approximately 50,000 to 70,000 annual bike share trips.

Local leaders are giving the program enthusiastic support.

“Bike share is a natural extension of our transit system,” stated Donaghy, who went on to say that the RTA was the first transit system in Ohio to equip its full fleet of buses with bicycle racks.

Such efforts to embrace bicycling have made Dayton a bronze level Bicycle Friendly Community, as rated by the League of American Bicyclists. Community leaders in Dayton, however, intend to become reach the platinum rating by 2020.

Brian Martin, Executive Director of MVRPC, stated that the program will expand and enhance existing services of the Regional Transit Authority, while also helping reduce auto dependency. In part due to the study conducted by Bike Miami Valley, and the tangible changes taking place in Dayton’s center city, local leaders say they knew this was the right decision.

“The number of housing units in downtown Dayton has doubled in the last 10 years,” Dayton Mayor Nan Whaley told UrbanCincy. “We know this is what people want.”