Categories
Business Development News

Cincinnati wins economic development award for $24M Corryville Crossings project

The City of Cincinnati has received an Excellence in Economic Development Award from the International Economic Development Council (IEDC) for a $24 million mixed-use development uptown. The award specifically recognized the City for its public-private partnership on the project.

“We recognize the City of Cincinnati for providing successful strategies to promote new paradigms in economic development in this period of global recovery,” said William Best, IEDC chair. “Cincinnati is showing that they are at the forefront of the economic development profession and are using innovative and effective practices that can be replicated in other communities.”

Officials learned of the IEDC award on Tuesday at the council’s annual conference being held in Columbus, OH. IEDC officials say that the awards program is geared to, “recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders.”

The Corryville Crossings development has been under construction for more than a year. Once completed the development is expected to create 200 permanent jobs, include a 132-room hotel, retail space, a 219-space public parking garage, and spark additional investment in the Short Vine business district.

The City has partnered with the Uptown Consortium and local developers to help move the project from the drawing boards to reality. Project officials also say that creative financing tools like Tax Increment Financing (TIF) and New Market Tax Credits were necessary to advance the development.

A Starbucks coffee shop and IHOP restaurant were originally planned for the retail portions of the development before changes in the market that drove both national chains away from the project.  The new Hampton Inn and public parking garage portions of the development are expected to be completed later this fall.

Categories
Business Development News

Chef Josh Campbell to open first micro-grocery in downtown Cincinnati

Chef Josh Campbell plans to create a food trifecta in what Downtown Cincinnati Inc. calls the greater downtown area. Already owner of successful ventures World Food Bar, a gourmet prepared food stand at Findlay Market, and Mayberry, a mid-range restaurant on Vine Street, Campbell is expanding his food empire to include the Central Business District’s first grocery – a micro-market located at 7th and Main.

“Everything closes so early down here [in the CBD],” says Campbell. “I was hearing from the folks who come to Mayberry, that live down here, that Findlay Market closes so early, and there’s no place to get the necessities. Nobody ever looks out for the residents of Downtown. We’ve been so lucky with the support of everybody in the city and in the news, we’ve made a name for ourselves that we serve a quality product. So we thought, why not make a run at the grocery scene?”

The 500 square-foot Mayberry Foodstuffs, the tentative name for the new venture, will be filled to the brim with grocery essentials according to Campbell.

“It won’t be high end, it won’t be low end. It’s all about the shopping experience. Anybody can come in here and pick up the necessities. We’ll be carrying smaller portions – half gallons of milk, half loaves of bread. You can come in and you’re not going to get ripped off.”

Through the World Food Bar and Mayberry, which celebrates its first year of existence November 2nd, Campbell has established both a love for community and a commitment to high quality food at reasonable prices. The store will have a deli counter, serving meats and prepared food from World Food Bar, like cookie dough and soups. There will also be fresh-ground peanut butter, cat and dog food, and and old-school style candy counter.

Though the space is small, downtown supporters expect the impact to be large. One of those supporters includes David Ginsburg, President and CEO of Downtown Cincinnati Inc., who is ecstatic that Campbell is making this bold move.

“Grocery stores really help to enhance the residential experience downtown,” Ginsburg explained. “They provide important products and help generate pedestrian activity. They are a sign of an increasingly vibrant downtown. Grocery stores are also an amenity for downtown workers and visitors.”

Currently there are about 9,000 residents in the downtown area; by 2012 that number is projected to grow to 12,500, according to the 2009 State of Downtown report from DCI. Campbell said he understands the risks associated with opening a grocery store in the central business district.

“You have the bigger chains, the Krogers and the Whole Foods, and they won’t come down because the risk is too great,” Campbell exclaimed. “I’m not afraid to step up, I’m not afraid of failure. If it happens, it happens. We’ll move on.”

Not only will workers and residents be able to visit Mayberry Foodstuffs for a sandwich or some eggs, but they might also be able to get delivery service from Findlay Market vendors. Campbell says that he wants to help support the local mom and pop shops that are the key to local success. One such way the new grocery will do that is by carrying 7 Hills coffee and other locally-sourced items.

In terms of the location, Campbell views the 7th and Main address as a perfect one thanks in large part to the number of condos and apartments nearby. The store will also be located on the Cincinnati Streetcar line which Campbell believes will help spur additional foot traffic.

Campbell has signed a one-year lease on the street-level retail space, and plans to open downtown’s first grocery store on Monday, November 1. After the opening date, Mayberry Foodstuffs will be open seven days a week until 10pm.

Above all though, Chef Josh says that he wants to create a sense of community around his micro-market.

“We want [Foodstuffs] to be a place where you come in and you’re not a number. We want you to come in and enjoy yourselves. We want to make sure that your needs are filled and that you have a good experience.”

If all goes well, Campbell says there might be additional micromarkets on the horizon from the World Food Bar Restaurant Group to continue to help serve the growing downtown area.

[This story was originally produced by UrbanCincy.com for the Cincinnati Business Courier through a newly formed partnership.  Please read the originally published story online, and stay tuned for additional collaborations going forward.]

Categories
Development News Transportation

Streetscaping improvements along W. McMillan Street near completion

Significant progress has been made on the first-phase of streetscaping improvements throughout the Clifton Heights business district. Over the past two months work has been taking place along W. McMillan Street to rebuild sidewalks, crosswalks, curbs, and more. The projected $440,000 project will also include new street lamps, parking meters, trash cans, and street trees.

This stretch of W. McMillan Street had long been plagued by buckled sidewalks due to root invasion from the street trees there and water that subsequently collected. The rebuilt sidewalks not only feature safe and pleasant surfaces for pedestrians, but they also feature uniquely designed brick work at cross walk locations.

The improvement work has been championed by the Clifton Heights Urban Redevelopment Corporation (CHCURC) whose director, Matt Bourgeois, said that “the business community is very excited about the progress being made.”

Some of that progress has been quite noticeable including several facade improvement projects; business expansions and renovations by DuBois Bookstore, Plaza Artist Supplies, and Mac’s Pizza Pub; and the addition of several new businesses to the district.

The first phase of streetscaping improvements, nearing their expected completion in October 2010, were funded through the Cincinnati Neighborhood Business Districts United (CNBDU) and the City of Cincinnati. The later two phases will continue the streetscaping work throughout the district over the next two years depending on funding.

Categories
Development News

Cincinnati Preservation Association to host lead paint seminar – 9/25

The Cincinnati Preservation Association (CPA) will be hosting seminar on how to safely work around lead paint, and how new rules from the Environmental Protection Agency (EPA) might affect your renovation project.

During renovation or repainting work, toxins found within lead paint can become a health risk for humans. As a result, many regulations have been developed to help guide this kind of work and keep those performing the work safe from any potential toxins.

According to building officials, lead paint is more prevalent in buildings built or painted prior to 1977 when lead paint was banned by the Consumer Product Safety Commission. New regulations passed by the EPA in April 2010 require that all renovators who work on homes built before 1978, and disturb more than six square feet of lead paint, be Renovation, Repair & Painting (RRP) certified. It is estimated that the new regulation will impact more than 100,000 renovators in the United States.

Event organizers say that the seminar will include presentations from Aisha Tzilla of the City of Cincinnati Community Development Department and Bill Menrath of the University of Cincinnati.

Lead Paint: Renovate Safely, Learn the New Regs will be held on Saturday, September 25 from 10am to 12pm. The event will be held at Building Value located in Northside at 4040 Spring Grove Avenue. Reservations are required due to limited space, and can be made by contacting CPA at (513) 721-4506 or info@cincinnatipreservation.org. Admission costs $5 for CPA members and $10 for the public.

Categories
Development News Politics

Cincinnati region awarded $6M through third round of NSP funding

The Cincinnati region was awarded nearly $6 million from the U.S. Department of Housing & Urban Development (HUD) for the stabilization of neighborhoods that have been hard hit by the nation’s ongoing foreclosure crisis. In particular, the funds will be used to acquire and rehabilitate existing housing and demolish badly damaged properties.

The money was awarded through the third round of HUD’s Neighborhood Stabilization Program which awarded an additional $1 billion to communities across America this week. The previous two rounds of funding included $3.92 billion in 2008, and $2 billion in late 2009 through the American Recovery & Reinvestment Act which included $24 million for seven communities throughout Cincinnati region.

“These grants will support local efforts to reverse the effects these foreclosed properties have on their surrounding neighborhoods,” said HUD Secretary Shaun Donovan. “We want to make certain that we target these funds to those places with especially high foreclosure activity so we can help turn the tide in our battle against abandonment and blight.”

Winners in the third round of funding were determined by a number of key indicators that match funding to need in the 20 percent most distressed neighborhoods as determined by the number and percentage of home foreclosures, the number and percentage of homes financed by subprime mortgage related loans, and the number and percentage of homes in delinquency. HUD officials also say that housing price declines, increases in unemployment, and neighborhood vacancy problems are also taken into account.

Of the $6 million awarded throughout the Cincinnati region approximately $1.5 million went to Hamilton County, $1.3 million to Butler County, and $3.2 million to the City of Cincinnati.

“This is great news for greater Cincinnati. Our region was hit hard by the foreclosure crisis, and we need to do all we can to help neighborhoods rebuild and recover,” said U.S. Representative Steve Driehaus (D-OH). “The Neighborhood Stabilization Program brings resources into the hardest hit areas, and will make a difference for families and communities as we continue on the path toward recovery.”