Tag: architecture

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Development Opinion

IMAGE: Cincinnati To Grow Taller in the Coming Years

In just a few years time the Cincinnati’s center city could reach new heights with thousands of new residential units, several new hotel and office towers.

Last year, UrbanCincy analyzed the rate of tower construction in Cincinnati by decade and found that the 1960s through the 1980s saw the most tower construction of any decades in the history of the city. At that time, UrbanCincy counted six proposed towers into the tally for this decade, but our new list includes six more that we had not considered at that time.

Center City Cincinnati in 2015

In an effort to track the visual transformation of downtown Cincinnati,  we at UrbanCincy have used GoogleEarth to help track the dramatic new additions to the city’s downtown. Below is a compiled listing and description of these redevelopment projects:

  • dunnhumby Centre: A nine story office building located at Fifth Street and Race Street that will serve as the North American headquarters for dunnhumbyUSA.
  • Fountain Place Apartments: Late last year the Business Courier reported that Towne Properties was looking to construct an apartment tower over the building currently housing Macy’s department store. The tower could contain up to 225 apartment units.
  • Fourth and Race: Indianapolis developer Flaherty & Collins recently won approval from the city to move forward in constructing a 30-story residential tower with a grocery retailer on the first floor. The existing garage and attached skywalks will be demolished.
  • The Banks Phases 1B and 1C: Developers of The Banks are actively looking for an anchor office tenant to begin construction of a 13-story office tower at the corner of Second Street and Walnut Street. They are also looking for a hotel chain to construct a mid-rise along Joe Nuxhall Way and Freedom Way.
  • The Banks Phase 2: Development should begin by the end of the year on a 10-story apartment building housing 300 apartment units. This development will also include a future office building on the Vine Street side. The Carter-Dawson development team revealed their phase two designs to UrbanCincy last October.
  • Apartments at Seventh Street and Broadway Street: Announced in March, this apartment development will be constructed above an existing parking garage that was recently expanded by the city a couple of years ago. The development will have 110 apartment units.
  • Holiday Inn and Sycamore Street Garage: Part of the city’s Parking Modernization & Lease agreement includes the demolition of an aging city parking deck that will clear part of the site for construction of a 11-story Holiday Inn hotel. A 7-story garage with street-level retail will replace part of the old garage and the former American Red Cross building.
  • One River Place: The former condo project at the foot of the Purple People Bridge has extended its development approval with the city late last year and expressed an interest in developing as an apartment project. No number of units has been identified at this time.
  • Western & Southern Tower: With the resolution of litigation regarding the Ann Louise Inn, Western & Southern Financial Group will be able to move forward with plans to build a long planned tower at the site of the parking garage with the spinning clock. There are no renderings available as of this date so the model in the picture is a placeholder designed by the UrbanCincy team.

Of the nine towers on this list, six are recent additions to the tower listing compiled last year. Cincinnati is now poised to add 15 towers to its collection this decade, putting it dead even with how many the city added in the 1970s. Since many of these will be completed within the first half of this decade, it may be safe to assume that the city will add even more by decade’s end and approach the 1980s rate of tower construction.

While these new buildings may soon be added to downtown Cincinnati’s cityscape, other buildings are undergoing transformations including these following projects:

  • AT580: The renovation of an existing office building on Sixth Street, between Walnut and Main Street, into 176 apartment units, office and ground level retail. A steakhouse has already committed to the crucial corner spot of Sixth Street and Walnut Street.
  • Bartlett Building: This historic building, constructed and designed by Daniel Burnham has sat vacant as the bank foreclosed on the property owner during the recent financial crisis. The building’s new owners have recently received historic tax credits and city assistance in converting the building into a Renaissance Hotel.
  • Old Enquirer Building: Once slated to become condo’s prior to the recession, developers have recently begun construction of a dual brand hotel concept.
  • Terrace Plaza Hotel: The historic modernist building, which closed its doors in 2010, was recently sold. No word yet on whether their are plans for redevelopment of the building.

Half of the projects listed here are slated to start construction this year, adding an infusion of new residents and visitors to the Central Business District. The addition of these towers will not only accelerate the projected rate of tower construction in Cincinnati this decade, but it will also add fuel to the fire of the city’s ongoing renaissance.

And of course, none of this includes any of the any of the investment that is adding thousands of more residences, office and retail space, and hotel rooms throughout the city’s other neighborhoods. They just happen to not be taller than 100 feet in height.

Categories
Business Development News Transportation

Design Options for $2.7B Brent Spence Bridge Project Narrowed

Planned Brent Spence Bridge Approach

The Federal Highway Administration (FHWA) issued a “Finding of No Significant Impact” (FONSI) for the $2.7 billion Brent Spence Bridge Replacement & Rehabilitation project last August.

The finding means that the project can move forward to its next phase of work with the current proposed alignment, which is not expected to change much from this point. The alignment included in the FONSI includes a number of interesting features different from what exists on the site today.

Consolidated Footprint:
One of the most notable pieces of the plan is a consolidated footprint. While it still includes a web of ramps at the southwestern edge of the central business district, the project does eliminate a flyover ramp currently not in use, and consolidates the existing footprint of ramps leading to the new and existing bridge, and Fort Washington Way.

The approved alignment also preserves the existing dunnhumbyUSA building that was thought to be in the way for the rebuilt interstate network.

A final, and perhaps the most significant, result of the consolidated footprint is additional land along Central Avenue in between Fourth Street and Sixth Street.

This land could be used for one of a number of things, but there is currently the Cincinnati Fire Fighters Memorial at the corner of Fifth Street and Central Avenue, which could be moved south one block across the street from the Company 14 and Fire Headquarters building, and allow for the long-desired expansion of the Duke Energy Convention Center.

Leadership at the Cincinnati USA Convention & Visitors Bureau declined to comment on any plans to expand the convention center until plans are finalized for the Brent Spence Bridge project, and the agency has time to review them.

The alternatives moving forward also call for a portion of historic Longworth Hall to be demolished to make room for the new bridge. Additionally, the existing Duke Energy Substation will need to be relocated, which project officials say has already been discussed with the energy provider.

Brent Spence Bridge Design Alternative 1 Brent Spence Bridge Design Alternative 2
Design Alternative 1 [LEFT] would appear similar to the ‘Big Mac’ Bridge upriver, while Design Alternative 2 [RIGHT] would introduce a two-tower, cable-stayed bridge to the Cincinnati waterfront. Renderings provided.

Architectural Design:
While separate from the issued FONSI, project officials have also narrowed down the design options for the bridge itself. Perhaps the most eye-catching of the options, the single-tower cable-stayed bridge ($646 million), has been eliminated due to its higher safety and engineering risks.

What is left is the arch bridge design ($571 million), similar to the Daniel Carter Beard ‘Big Mac’ Bridge, and the double-tower cable-stayed bridge ($669 million). Both, officials say, would have fewer risks involved and would allow the project to move forward on a more predictable schedule.

Next Stages:
Project officials are currently finalizing action plans based on the Began Value for Money (VfM) study, and hope to begin the necessary right-of-way acquisition process this year.

Should the States of Ohio and Kentucky choose to pursue a public-private partnership (P3) financing model; officials say that they will issue an RFP for that sometime next year. Construction could begin as early as 2015 if the current schedule continues to be met.

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Business Development News

PHOTOS: U Square at The Loop Almost Entirely Leased

On Thursday Towne Properties partner Arn Bortz led the media on a tour of U Square @ The Loop, the $80 million mixed-use project stretching several blocks adjacent to the University of Cincinnati campus.

The project broke ground in January 2012 and a move-in date of August 1 is scheduled for apartments.

According to Bortz, the project’s street-level retail and upper floor apartments are each 85% leased. The project’s office space has been leased to the University of Cincinnati and talks are ongoing to attract a hotel to remaining space along McMillan Street.

The planned hotel for the site will be competing against a flurry of new hotel developments throughout Cincinnati’s urban core that are adding hundreds of new rooms to the market, including a proposed rehabilitation of Old St. George into a 60-70 bed hotel just blocks away.

Once completed, Bortz anticipates that the hotel at U Square @ The Loop to be approximately as tall as the apartment building on the project’s western block.

The developers also announced that the project achieved Leadership in Energy and Environmental Design (LEED) certification, which qualifies the project for a 15-year city tax abatement, due to its proximity to public transportation and a variety of design decisions including choice of windows and use of Energy Star appliances in apartment units.

Bortz also explained that the project’s two city-built parking garages will not be subject to any lease of the city’s parking facilities.

More than 20 retailers have been named as tenants of the 80,000 square feet of retail, including: Altar’d States, bd’s Mongolian Grill, Body Central, Chase Bank, Elephant Walk, Euro Wax, Firehouse Subs, Great Clips, Highway 55, Keystone Bar & Grill, Lime Fresh, Moksha Yoga, Mr. Sushi, Orange Leaf, Rally House, Rue 21, Starbucks, The Brass Tap and Waffle House.

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Arts & Entertainment Business Development News

$5M Gift to Fund Construction of Iconic Carousel at Smale Riverfront Park

The Cincinnati Park Board received a $5 million donation from the Carol Ann & Ralph V. Haile, Jr./U.S. Bank Foundation today to construct the carousel at Smale Riverfront Park.

The money will not only fully fund the project, but it will allow it to be operational in time for the 2015 All-Star Game to be hosted at the nearby Great American Ball Park.

The project had been positioned to receive $4 million from the City of Cincinnati’s parking modernization and lease plan, but ongoing litigation and a forthcoming ballot referendum have left those funds in limbo.

Vine Street Plaza_1 Vine Street Plaza_2 Vine Street Plaza_3

Carol Ann Carousel_1 Carol Ann Carousel_2 Carol Ann Carousel_3

According to park officials, the new carousel will be built at the foot of Vine Street on a tree-lined plaza filled with water features similar to those found near Walnut Street in phase one of Smale Riverfront Park.

The plaza will include a lower-level with a banquet center and park offices, and the upper-level will become the home of the glass-enclosed carousel.

“This carousel is a gift to the Cincinnati Parks Foundation honoring the life and philanthropy of Carol Ann Haile,” Tim Maloney, President/CEO of the Haile Foundation, stated in a prepared release. “The sparkle, whimsy and pure fun this carousel will provide is a direct reflection of Carol’s sparkling personality.”

In honor of Carol Ann Haile, the facility will be named the Carol Ann Carousel, and become an iconic feature of what will eventually be a 45-acre riverfront park.

While a carousel has been part of the Smale Riverfront Park plans for years, it comes on the heels of an announcement in Atlanta where a 180-foot ferris wheel will be built at Centennial Olympic Park.

Cincinnati’s 44-seat carousel, with folding glass door walls, will be open year-round starting in May 2015. Riders will be required to pay a small cost to ride, but the cost has not yet been determined.

So far park officials have completed a significant amount of work on the first two phases of Smale Riverfront Park, and will begin future phases as funding is made available.

Categories
Business Development News

3CDC to Break Ground on Second Phase of Mercer Commons May 31

It’s hard to ignore the ongoing transformation of Over-the-Rhine these days. It seems almost every day a new restaurant, business or development project is announced to open in the once struggling neighborhood. Of course, the key player leading the neighborhoods redevelopment efforts is the Cincinnati Center City Development Corporation, better known as 3CDC.

3cDC’s latest phase includes tackling one of its largest redevelopment projects in the neighborhood, Mercer Commons, which includes almost two blocks worth of buildings between Vine Street and Walnut Street.

The $60 million project is divided into three phases. Phase one, which is currently underway, includes the construction of a new four-story condo building along Vine Street, five town houses, the redevelopment of  a couple historic buildings and a 340-space parking garage that opened to the public last week.

Mercer Commons Phasing

According to 3CDC spokesperson Anastasia Mileham, preparations for phase two are already underway and construction is officially slated to kick off at the end of the month.

“The groundbreaking event for Mercer Phase 2 is scheduled for 1pm on May 31, but we haven’t closed on Phase 2 yet ,” Mileham explained, “We are starting construction already to try to keep up with demand and stay on schedule.”

The second phase of the project will include rehabilitation of 15 historic buildings into mixed income apartments. The development team says that 30 out of the 67 apartments will for people who make 50-60% of the average median income.

To help provide the affordable housing units, 3CDC relied on a $4.6 million Low Income Housing Tax Credit from the federal government, and marks the non-profits first foray into mixed income housing.

Mileham told UrbanCincy that receiving the tax credit was the most rewarding aspect of the project to date, ” There is a need for this type of mixed income development.”

Since the newly opened Mercer Commons Garage is large enough to serve the entire development, and then some, the developers were able to preserve space in the development plan behind newly built structures in phases two and three. This space, 3CDC says, will be preserved for interior courtyards similar to the one found at Parvis Lofts across the street.

Once fully built out, Mercer Commons will add 156 residential units, in both apartments and condos, and 17,600 square feet of street-level commercial space.

While no tenants have been signed, Mileham says that there has been “substantial” interest in the 3,900 square feet of retail space in phase one.