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Up To Speed

Will $25M cash payout from Big East fast-track Nippert Stadium renovation?

Will $25M cash payout from Big East fast-track Nippert Stadium renovation?.

The University of Cincinnati has been trying mightily to get out of the collapsing Big East Conference, but its lack of options to-date might result in a big-time payout for its athletic program. With as much as $25 million in cash heading to Clifton, might this fast-track the $75 million renovation and expansion of Nippert Stadium? More from CBS Sports:

Big East leaders met Friday afternoon in Atlanta to discuss, among other things, the withdrawal of the Catholic 7. No deals regarding the new basketball-centric league or reported sale of the “Big East” name were finalized, but Blaudschun reports that the current “football faction” will have a cash fund of “close to $100 million for distribution.”

The $100 million total is a combination of nearly 70 million dollars the Big East has and will collect in exit fee money from schools that have left or have announced they are leaving and another total of approximately $30 million which will come to the Big East offices from the NCAA as “unit” shares for conference teams participation in the NCAA men’s basketball tournament.

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Business Development News

Pogue’s Garage to Make Way for 30-Story Residential Tower, Grocery Store

Cincinnati City Manager Milton Dohoney briefed City Council’s Budget & Finance Committee of the specifics of a plan to modernize and lease some of the city’s parking assets. Part of the immediate $92 million infusion, as part of the plan, would be used to spark the redevelopment of Tower Place Mall and Pogue’s Garage.

Dohoney stated that the vacant Tower Place Mall would be converted into a 500-space parking garage, with 20,000 square feet of street-level commercial spaces fronting onto Race and Fourth Streets.

“Residential is a huge factor in the ability to attract and retain retail, but what retail really wants is customers,” explained David Ginsburg, President/CEO of Downtown Cincinnati Incorporated (DCI), with regards to the state of the center city’s retail scene.

285333_10151760214824698_747240426_n Pogue's Tower
The City of Cincinnati has struck a deal that would tear down the crumbling Pogue’s Garage and replace it with a mixed-use residential high-rise. Renderings provided.

To that end, the adjacent Pogue’s Garage, as part of the project, would be torn down and the site rebuilt with a 30-story mixed-use tower with 300 luxury apartments, 1,000 parking spaces, and a 15,000-square-foot grocery store.

The reconstruction of Tower Place Mall, city officials say, would be overseen by JDL Warm, and would begin as early as fall 2013. The redevelopment of the Pogue’s Garage site would be overseen by Flaherty & Collins, which would be funded with $82 million in private investment and $12 million from the City through its new parking lease.

Project officials say that all of the financing is in place, and a new-to-market grocery store has been secured for the new mixed-use tower.

The new tower’s contemporary architecture would contrast the historic high-rises flanking it along Fourth Street, and would dramatically change the street’s landscape.

One other component of the project requires the developer to also build the planned 725-space parking garage on Sycamore Street, which is adjacent to the proposed 200-room Holiday Inn & Suites.

A timetable has not yet been set for the $94 million project, but work would seemingly be able to begin as soon as the proposed parking lease is approved by City Council. The City of Cincinnati and DCI are currently working with Paragon Salon regarding its space in the Pogue’s Garage. No details have been shared, but Paragon’s lease runs through 2017.

“We need to make sure that everything is working all the time on all cylinders,” Ginsburg told UrbanCincy with respect to the hierarchy of needs for downtown investment. “If I were to get a bumper sticker for my bicycle or my car it would just be one word – more. Downtown needs more residents, it needs more businesses, it needs more workers, it needs more diversity.”

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Up To Speed

San Francisco looking to create $1.6B mixed-use environment around AT&T Park

San Francisco looking to create $1.6M mixed-use environment around AT&T Park.

The San Francisco Giants are not only looking to remain on top of baseball following their World Series Championship, they are also looking to improve the environs surrounding one of the league’s most unique ballparks. Just as was the case in Cincinnati with the Reds, the Giants are leading the charge to redevelop a parking lot into a mixed-use attraction. More from the San Francisco Chronicle:

The plan to put the long-awaited $1.6 billion Mission Rock development on the cold, desolate parking lot across the channel from AT&T Park is nearly complete, and the prospective landlords couldn’t be happier.

The development, now scheduled to break ground in 2015, would put an entirely new neighborhood on the 16-acre waterfront site known as Seawall Lot 337, providing space for 2,000 residents, 7,000 workers and hordes of visitors to the area’s planned parks, restaurants, shops and attractions.

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Business Development News

Proposed Clifton Heights Development Would Demolish Historic Christy’s & Lenhardt’s

On Tuesday, developers presented an initial concept to the CUF Neighborhood Association (CUFNA) for a proposed development at the southeast corner of W. Clifton Avenue and W. McMillan Avenue.

The development team of Gilbane and Optimus, is proposing a six-story, mixed-use development that would include 210 student apartments, street-level retail, and a 245-space parking structure. A total project cost has yet to be defined.

Clifton Heights Development_Concept Rendering
A concept rendering for what the proposed development would look like at W. Clifton and W. McMillan Avenues. Image provided.

Developers say that the two-story parking structure would be hidden by the larger apartment portion of the development, and mention that there would enough room for two retailers along both Clifton and McMillan Avenues.

“The building has an urban character that reflects and harmonizes with the new retail and residential complex across the street,” developers explained in a project report obtained by UrbanCincy. “A dramatic reduction of building scale happens as you turn the corner onto Lyon Street. The majority of this elevation is only two stories high and contains residentially scaled punched openings that are at the base of the Clifton elevation.”

Representatives from Gilbane and Optimus also say that the development will have “abundant” bicycle parking in addition to the spaces provided for automobiles.

Clifton Heights Development_Section Elevation
The concept section elevation shows how the proposed development would relate to its surroundings in Clifton Heights. Image provided.

Should everything go according to plan, the development team says that construction would start in May 2014 and open in August 2015.

The more than four-acre site currently has several houses on it along Lyon Street, the Clifton Natural Foods building, the historic mansion that is home to Christy’s & Lendhardt’s Fine German Dining, and a surface parking lot.

According to University of Cincinnati engineering student Ryan Lammi, who attended Tuesday’s meeting, the developer implied that the development could not go forward unless both buildings located along W. McMillan Avenue were demolished.

So even while the development presents a large investment in the growing neighborhood, not everyone was pleased with the initial concepts.

“The council was adamant about saving Christy’s and keeping a local retailer like Clifton Natural Foods, citing other projects that have brought national chains,” Lammi explained. “They were also pretty upset about demolishing the building at the corner because its [sic] the gateway to the last of the old building stock.”

Clifton Heights Development_First Floor Plan
The historically significant mansion that once housed Christian Moerlein’s daughter sits on the northeastern portion of the proposed development. Image provided.

Local historians point to the mansion housing Christy’s as a significant piece to the city’s beer brewing heritage. According to Steve Hampton, executive director of the OTR Brewery District, the mansion was built by Christian Moerlein as a wedding gift for his daughter in 1881.

Posing a potentially significant hurdle for the development would be the mansion’s pending historic designation.

“CUF has sent a request to the Urban Conservator requesting a designation hearing along with a formal designation application,” said Hampton, who went on to clarify that a hearing date has not been determined.

The process of attaining such designation, Hampton claims, would protect the property from demolition, under city law, until a final ruling is made.

The development team’s current schedule calls for initial site due diligence and inspection work to be completed by May of this year, followed by an eight-month period for the necessary project approvals.

As the project moves forward, Lammi says that students and neighborhood residents plan to be very involved, and intend to meet on Saturday, February 9 at 2pm to discuss the proposal at Rohs Street Café. He says that the meeting will be open to anyone interested in attending, and will offer a venue for people to voice their concerns and opinions on the development.

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Development News Transportation

PHOTOS: $55M Waldvogel Viaduct reconstruction nearing completion

The reconstruction of the Waldvogel Viaduct was spared from the massive spending cuts at the Ohio Department of Transportation (ODOT) last January, and has been able to continue on its scheduled path.

According to City of Cincinnati officials, the project will replace the existing, half-mile structure that connects the Sixth Street Expressway to Elberon Avenue, Warsaw Avenue and River Road in Lower Price Hill and Queensgate. The existing structure had been deteriorating at a rapid pace, and had been rated in “Poor” condition for several years leading up to the project.

The $55 million Waldvogel Viaduct reconstruction project is also preserving space for a future bicycle / pedestrian path planned for Cincinnati’s western riverfront.

As of this month, very little remains of the 73-year-old elevated roadway. UrbanCincy contributor, Jake Mecklenborg, visited the construction site last week to capture the visual progress being made in Lower Price Hill.