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Development News Transportation

300′ geothermal wells being drilled at new Cincinnati Riverfront Park

Several components of the first phase of the 45-acre Cincinnati Riverfront Park are nearing completion, or are reaching significant milestones.  The foundation for the Moerlein Lager House and Jacob G. Schmidlapp Stage & Event Lawn are complete, the foundations to the Roebling Suspension Bridge are being reset to accommodate a realigned Mehring Way, and the first section of the Hamilton County-controlled parking garage is now open.

Also underway is the drilling of 300-foot geothermal wells that will provide the air conditioning for the Bike, Mobility & Visitors’ Center.  The geothermal wells will provide a natural cooling mechanism that leverages the 56-degree temperatures found in the ground year-round.

The first phase of the Cincinnati Riverfront Park will also include the Black Brigade Monument, a labyrinth, tree groves, Main Street Garden, first section of an expanded riverfront bike trail, the Women’s Garden, and more.  According to project officials, the first phase of construction is currently within budget and on-schedule for a spring 2011 completion.  Later phases of construction will proceed as funding is available for the total $120 million project.

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Arts & Entertainment Development News

Oudin and Boserup play tennis match atop 630′ Cincinnati skyscraper

WTA players Melanie Oudin and Julia Boserup are in town this week for the Western & Southern Financial Group Women’s Open being held in Mason. Before the tournament got underway, the two engaged in a friendly tennis match atop Cincinnati’s newest skyscraper 630 feet above the street.

The Western & Southern Financial Group Women’s Open has grown in prestige recently and was upgraded to a “Premier 5” Women’s Tennis Association event joining tournaments in Dubai, Rome, Toronto/Montreal, and Tokyo. In 2011, the women’s tournament will merge with the long-standing Western & Southern Financial Group Masters men’s draw in an eight-day event. The combined tournaments will make the new Western & Southern Financial Group Masters & Women’s Open one of the top ten tournaments in the world, and the largest summer tennis tournament in the United States outside of the U.S. Open grand slam event.

The back-to-back 2010 tournaments currently taking place in Cincinnati are the first to take advantage of a new $10 million facility upgrade that includes an additional 890 stadium seats, six new luxury suites, major media facility upgrades, and player amenity improvements within the new 52,000 square-foot West Building. With the upgrades, the stadium’s 11,500 seat capacity makes it the 22nd largest tennis stadium in the world, and the seventh largest in the United States.

The Great American Insurance Tower at Queen City Square is expected to be complete in spring 2011 and will become Cincinnati’s tallest building eclipsing the historic Carew Tower located blocks away.

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Business Development News

145-year-old College Hill home to be auctioned August 11-17

The Cincinnati Preservation Association (CPA) announced that a 145-year-old home in College Hill will be sold at an online auction between August 11-17.

According to CPA, the two-and-a-half story structure was completed in 1865, and boasts Greek Revival pilasters and Gothic Revival gables. The Hamilton County Auditor reports that the home has 2,800 completed square feet, and sits on nearly a half-acre of land in College Hill that is within walking distance of the neighborhood’s business district.

Currently owned by the U.S. Marshals Service, 1314 Groesbeck Road will have a nominal opening bid of $1,000. The auction will be held online only, and all bids must be made by 9:10am on Tuesday, August 17. Those interested in bidding are asked to visit the auction website being hosted by Williams & Williams Auction Services.

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Business Development News

Cincinnati’s dramatic, multi-billion dollar riverfront revitalization nearly complete

[This op-ed was originally published on The Urbanophile on July 13, 2010.  Visit the original op-ed for more comments, thoughts and opinions on the matter of Cincinnati’s dramatic riverfront revitalization effort over the past two decades – Randy.]

Several decades ago Cincinnati leaders embarked on a plan to dramatically change the face of the city’s central riverfront. Aging industrial uses and a congested series of highway ramps was to be replaced by two new professional sports venues, six new city blocks of mixed-use development, a new museum, a central riverfront park, and parking garages that would lift the development out of the Ohio River’s 100-year flood plain.

Paul Brown Stadium, home of the Cincinnati Bengals, was one of the first pieces of the puzzle to fall into place. The $455 million football stadium kept the Bengals in Cincinnati and has received national praise for its architectural design while also entertaining sold-out crowds.

The next piece to fall into place was the reconstruction of Fort Washington Way which consolidated the stretch of highway and opened up land critical for the construction of yet another stadium and the mixed-use development which became known as The Banks. The 40% reduction in size was not the only accomplishment though. The reconstruction project also included the Riverfront Transit Center designed to one day house light rail connections and a sunken highway that could be capped with additional development or park space.

Following the reconstruction of Fort Washington Way, Riverfront Stadium was then partially demolished to make room for the construction of the $290 million Great American Ball Park. Once complete, Great American Ball Park began entertaining baseball fans at 81 home games each year and at a new Reds Hall of Fame & Museum. The new venue eliminated any need for Riverfront Stadium and thus led to its implosion in 2002.

The removal of Riverfront Stadium then freed up room for the construction of the National Underground Railroad Freedom Center atop the first piece of a two-deck parking garage intended to both lift the new riverfront development out of the flood plain, and provide enough automobile parking to replace what was previously there in the form of surface lots and satisfy new parking demands created by the development.

The most recent piece of the puzzle has been the development of the initial phases of both the Cincinnati Riverfront Park and The Banks. The two separate projects are developing in complimentary fashion and are on similar time tables, and are both developing east to west from Great American Ball Park to Paul Brown Stadium. Recent news will add a modern streetcar line running through The Banks development that will transport people from the transformed riverfront into the Central Business District, Over-the-Rhine and beyond to Uptown.

The 45-acre, $120 million Cincinnati Riverfront Park is expected to become the crown jewel of an already nationally acclaimed Cincinnati Park System. The Banks meanwhile will bring thousands of new residents, workers and visitors to Cincinnati’s center city. The initial phase of both projects is expected to be complete in spring 2011 and will include 300 new residences, 80,000 square feet of retail space, Moerlein Lager House, Commuter Bike Facility, additional components of the two-deck parking garage, and the first elements of the park.

The transformation of Cincinnati’s central riverfront from aging industrial space to a vibrant mixed-use extension of downtown is not complete, but the two-decade old, $3 billion vision is finally nearing reality. And with full completion expected in the coming years, one of the remaining traces of Cincinnati’s industrial past will be replaced by a new vision for a 21st Century city and economy.

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Business Development News Politics

CPA to host seminar on historic building receivership – 8/7

The Cincinnati Preservation Association (CPA) will be hosting a seminar on historic building receivership Saturday, August 7 in Camp Washington. The executive director of the Camp Washington Community Board will be in attendance to discuss that neighborhood’s approach to saving, renovating, and reselling buildings that might have otherwise been lost due to neglect.

Originally settled in 1846, Camp Washington is one of Cincinnati’s many historic neighborhoods. Over time the neighborhood has seen dramatic changes with the introduction of Interstate-75 in the mid-twentieth century. Since that time the community has dealt with a neighborhood street grid detached from its surrounding neighbors while also trying to adjust to changing demographics that led to disinvestment, and back to popularity today.

The issues faced by the historic Camp Washington neighborhood are similar to what many inner-city neighborhoods faced during the second half of the 20th century. Its urban revival is a narrative that is also ringing true with others, but the neighborhood’s historic preservation success is an element CPA believes can help other neighborhoods around the region.

CPA’s Saving Buildings With Receivership seminar will take place from 10am to 1pm on Saturday, August 7 at 2951 Sidney Avenue. The seminar will include a tour of a current receivership project underway in Camp Washington. Reservations are required due to limited space. Those interested can register for $5 by contacting CPA at (513) 721-4506 or info@cincinnatipreservation.org.  You can also RSVP for the event on Facebook.