Tag: economic

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News Opinion

The Triumph of Downtown Cincinnati

The following editorial was published in the Cincinnati Business Courier on January 6, 2011. UrbanCincy shared this story with its followers, and received a slew of requests to share the story in its entirety.

Typically, premium content in the Cincinnati Business Courier is only available to paid subscribers, but thanks to our exclusive partnership with the weekly publication, UrbanCincy readers can read the story in its entirety below. Readers who would like to view all premium content from the Business Courier are encouraged to take advantage of a new subscription discount being offered to UrbanCincy readers.

Who would have figured, 10 or 20 years ago, that downtown Cincinnati would ever be described as “interesting” or “appealing”? A more oft-repeated characterization was that “they roll up the sidewalks at 6,” once the workday crowd headed off.

But local hotel and tourism officials are much more cheerful these days, according to our Insight focus on travel and hospitality this week. Senior Reporter Dan Monk writes that hotel occupancy in the central business district has jumped more than 20 percent since its low point in 2001, and convention business is booming.

And that’s because downtown Cincinnati isn’t what it used to be, in a good sort of way.

“There’s just more going on here,” says Wayne Bodington, general manager of the Westin Hotel, in Monk’s column.


Thousands crowd onto Fountain Square on December 31, 2011. Photograph by Thadd Fiala for UrbanCincy.

But while tourists seem to think that downtown Cincinnati is pretty lively, quite a few residents of Greater Cincinnati still cling to the notion that downtown is a dark and forbidding place, with empty streets, boarded-up buildings and flying bullets.

While the “empty streets” part once was true, at least in the evenings, downtown never was the desolate place some suburbanites envision; the number of Fortune 500 headquarters has always kept things humming, at least during the day.

And the business about high crime is illusionary – downtown has had exactly zero homicides in the past year, according to Cincinnati Police statistics. More likely people confuse downtown with the more crime-ridden neighborhoods of Over-the-Rhine and the West End, but even there, crime is decreasing.

In fact, according to the police department’s District One statistics, which include all three neighborhoods, violent crime is down 15 percent over the past two years, and property crimes have fallen 9 percent.

Cincinnati’s government is an ongoing magnet for insults, but the city deserves credit for what it’s done for downtown in the past 20 years. It kicked off the downtown living trend in the early 1990s, when it subsidized Towne Properties’ apartment projects on Garfield Place. And the formation of the public/private Cincinnati Center City Development Corporation (3CDC) speeded up the downtown living process, turned Fountain Square into an entertainment and restaurant venue, and began gentrifying large chunks of Over-the-Rhine.

Now, in the evenings, you can see people walking their dogs, crowding into bars and dancing to music on Fountain Square. That is, if you dare to come downtown.

It is the fate of Greater Cincinnati, and every sprawling American urban area, that some people live so far out in the suburbs that the city is nothing more to them than a mailing address.

And grumbling is part of Cincinnati’s culture, but why trash the city you call home, especially if you haven’t seen the center of it since the fountain was in the middle of Fifth Street and your mother took you Christmas shopping at Mabley & Carew and Pogue’s department stores?

Cincinnati will be hosting the World Choir Games this summer, bringing thousands of people into downtown and its environs. That would be a perfect time for entrenched suburbanites to make the day trip and see what Mr. Bodington is talking about, as well as participating in the festivities.

Or come down now, while you can ice skate on Fountain Square, and see what a difference a couple of decades can make.

The Business Courier offers a weekly print publication to its premium subscribers, and UrbanCincy readers have been offered an exclusive subscription discount. Those who do not wish to receive the weekly print edition can elect to become a premium digital member for just $49 through this exclusive offer being extended to UrbanCincy readers.

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Business Development News Opinion

Land swap could provide Port Authority immediate economic development opportunity

Hamilton County Commissioner Chris Monzel (R) has repeatedly stated that the county should not be in the parking business. In doing so, Monzel has suggested that Hamilton County sell off its parking assets at The Banks and elsewhere in downtown Cincinnati.

An exclusive UrbanCincy analysis shows that Hamilton County currently has approximately $38.7 million worth of parking assets at The Banks sitting on land valued by the Hamilton County Auditor at $10.4 million.

At the same time, Hamilton County and leaders from the City of Cincinnati keep working to find ways to work together. One of those strategies has led to the increased investment, by both the city and county, in the Cincinnati Port Authority. The idea, officials say, is that the Port Authority could become a Cincinnati Center City Development Corporation (3CDC) equivalent at the county level.

As leaders work with the Port Authority’s new CEO, Laura Brunner, they should explore selling or trading these parking assets to parking management companies that control potentially developable land elsewhere. Five unique locations come to mind throughout downtown Cincinnati.

4th & Plum:
This lot has long sat vacant, and had been speculated for a mid-rise condominium tower within the past decade. Nothing has happened, but UrbanCincy has previously opined that this collection of two parcels would be ideal for a small dog park and residential mid-rise, or even a small park designed to accommodate public debate. The 1.71-acre piece of land is valued at $6.1 million.


View Hamilton County Land Bank Proposal in a larger map.

7th & Vine:
Two small parking lots occupy this eastern portion of Vine Street at the edge of Piatt Park, and just north of Fountain Square. The property sits within a stretch of several blocks that include restaurants, nightclubs, bars and local shops.

A residential high-rise with street-level retail would seem to be an ideal candidate for this .6-acre plot of land in the heart of the city center. Previously, UrbanCincy has suggested that this street-level space might be a perfect, and centrally located, spot for a small urban grocery store. In total, the land and its improvements are valued at approximately $2.8 million.

Central & Walnut:
This particular site is chopped up into eight different parcels with various owners, but it is also located adjacent to the Hamilton County Administrative Offices, Hamilton County Courthouse, and sits immediately on the phase one route of the Cincinnati Streetcar.

In total, the .8-acre piece of land is valued at $2.3 million and would make an ideal site for an 8-10 story structure housing either offices or residences.

Court & Walnut:
Located immediately south of the previous site, this .9-acre location is valued at $2.3 million and will also be a prime location along the new modern streetcar line connecting the central riverfront with the northern reaches of historic Over-the-Rhine.

Similar to the 9th & Walnut site, this location includes seven different parcels owned by more than one entity, and would be well-suited for the same type of development.

9th & Main:
This .28-acre site is the smallest of all those identified, but has a total value of $904,000. While the site is relatively small, it also sits right on phase one of the Cincinnati Streetcar route, and would serve as an attractive residential infill site.

In total all of the sites would account for just over one-third of the total appraised value of Hamilton County’s parking assets at The Banks. UrbanCincy proposes that the county either sell off those assets at The Banks, and use the proceeds to purchase these non-county-owned sites, or trade those assets to parking management companies for their property downtown.

This endeavor would rid the county of the parking facilities it does not wish to maintain, while also seeding the Cincinnati Port Authority with new capital and resources to use for economic development activities. The end result would also create more tax generating properties on the region’s most valuable real estate.

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Business Development News

Construction to begin on $78M mixed-use development uptown

After lengthy delays, U Square at The Loop, a new mixed-use development planned for Calhoun and West McMillan streets just south of the University of Cincinnati’s campus, is finally set to begin construction in January.

For Clifton Heights, it means the largest development since University Park Apartments (UPA) was completed in the fall of 2005. But for residents, it will mean construction and traffic detours through much of 2012 that will transform a long-vacant piece of real estate into $78 million development.

The site once housed a smattering of drive-thru restaurants and a small collection of historic building stock, but was cleared in 2003 to make way for the development. The project then became entangled in a messy eminent domain case with Acropolis Chili and Inn the Wood restaurants which did not end until 2005 when UPA was completed across the street.


The $78M U Square at The Loop development is set to break ground in January 2012.

“While there is undoubtedly a lot of work converging at once, we have phased a lot of other work in prior years,” explained Clifton Heights Urban Redevelopment Corporation (CHCURC) director Matt Bourgeois in reference to various streetscaping projects, renovation of Classen Park in 2010, and construction of 65 West Apartments in 2011.

Developers anticipate groundbreaking on U Square at The Loop to take place in January 2012 on more than 150 apartments, two parking garages totaling 750 spaces, office and retail space. The final hurdle has been financing, and was finally cleared when the University of Cincinnati (UC) signed a lease on 40,000 square feet of office space for its Campus Services Department.

The lease signed by UC then triggered the signing of several retailers which had signed letters of intent on approximately nine-percent of the development’s total street-level retail space. Those retailers include DiBella’s Old Fashioned Submarines, Great Clips and Firehouse Subs.

Growing Pains
Final drawings and permit acquisition for the project are currently underway, with site excavation set to begin soon. Developers say that the project’s two blocks—one primarily office and one primarily residential—will undergo construction simultaneously, with the residential component set to begin in late February and the office component to begin in mid-April.

Though the smaller office block is expected to be complete by the end of 2012, developers do not expect the site’s residential component to be finished until July 2013. At the same time, city officials will continue streetscape improvements throughout Clifton Heights which will include two phases of work in the spring of 2012.

“Both projects are a part of the original urban renewal plan from 10-plus years ago and they are finally coming to fruition,” Bourgeois stated. “I wouldn’t discount the “growing pains” that are part of that, but I think that was to be expected and it becomes simply a matter of planning and managing a difficult scenario with the construction and maintaining good communication.”

A future phase of the development at U Square at The Loop includes the vacant “Gateway” site at Vine Street and Calhoun Street. There, a mid-rise office building is envisioned at what would become the junction between Uptown and Downtown streetcar lines.

“Our goals [set forth in the urban renewal plan] are being met and that is certainly something to celebrate,” concluded Bourgeois. “This is a continuation of that work, and another hugely positive step towards the rejuvenation of the Clifton Heights business district.”

Categories
Business News

Main City Station to create new Asian food concept, co-op space in Over-the-Rhine

Sushi Bears Party

Sushi Bears PartyA little over a year ago, Dan Wells opened Sushi Bears, a health-oriented food stand in the center of Findlay Market, selling veggie sushi and other specialties. After opening up the brand to two other “Bear” varietals (Indian – Bolly and wheatgrass lemonade – Sippy), and finding a popular niche in offering food lessons and sushi-making parties, Wells is expanding his concept.

Wells informed UrbanCincy in an exclusive interview that he will open a grab-and-go Arner-Asian food shop, a small grocery, and several small co-op spaces at the corner of Orchard Street and Main Street in Over-the-Rhine (map). The location was most recently home to the CS13 art studio space, and at 1,700 square feet, was a daunting space for just one business to fill.

“After looking all over, this building’s rent was a steal at nearly half of what other locations were charging,” Wells explained. “I’m not one to turn down a good deal, but I don’t need that much space – so that’s why I thought, let’s open this up to other people who are in my shoes, who are looking for something in the $300 to $500 range.”

At this point, the idea for Main City Station was born. Wells says that he plans to section off the expansive space into several smaller units and give entrepreneurs a chance to open a small store.

“Why not take a risk, for $400 more a month, and get a space where I can provide three or four other people with what I was looking for,” said Wells. “I think it’s a good thing. I don’t know who’s going to want to be in there, but I can imagine all sorts of different people – art studios to retail and everything in between.”

Sushi Bears will take up the forefront of the floor plan, and the remaining units will be constructed into approximately 225-square-foot spaces that can be built to suit. Wells says that the rent for the co-op spaces will include utilities, cable, internet and a security system.

While Wells’ business is focused around his love for the city, he says that the majority of his business has come from selling Indian food and sushi-making lessons to suburban customers.

“There’s a great opportunity for crossover with Main City Station,” Park+Vine owner Danny Korman said of the potential synergies between Wells’ new operation and his business. “We’re so lucky to have a wide variety of customers who come in and support Park+Vine, many of whom live outside the city limits.”

The Sushi, Bolly and Sippy Bears space will add a unique offering to the burgeoning Main Street business district. Initially Wells will sell grab-and-go sushi and microwavable Indian food, and will eventually expand to table service following the build out of the establishment’s kitchen. The grocery aspect of the store will also be a first for this portion of Over-the-Rhine.

“When you’re doing sushi, you want to carry produce,” Wells explained. “We’ll carry all the things you need to make sushi, even if you don’t use it to make sushi.”

The market may also serve as a precedent for other retailers to build upon, not only with the co-op element, but also by having a reasonably priced, small-scale store offering grocery staples south of Liberty Street. Those interested in renting space from Wells can send him an email.

Categories
Business Development News

Historic Schiel School to make way for $20M development in Corryville

Demolition work has begun on the 100-year-old Schiel School in Corryville. The school has long served as a landmark for the Short Vine business district, but was closed by Cincinnati Public Schools in 2010.

To preservationists the demolition of the school marks yet another dramatic loss to the historic fabric of Uptown, but to many urbanists the $20 million development to take its place marks a turning point for the long-troubled business district on the east side of the University of Cincinnati’s main campus.

“Greater residential density will support the existing and incoming merchants and add the kind of vitality that helps to enrich and secure a neighborhood,” says Kathleen Norris who is the vice president of Brandt Retail Group’s Urban Focus division. “Housing of this quality is likely to attract not only undergraduates but also grad students and even area professionals from the educational and medical communities.”


The historic Schiel School is prepared for demolition in Corryville.

Project officials say that the five-story, mixed-use development will include 102 apartments geared towards students, and several street-level retail spaces. Fifth Third Bank has already signed on as one of the retail tenants, and will serve as the retail anchor for the project.

The development is part of a larger wave of multi-story residential development sweeping through historic uptown neighborhoods like Clifton Heights, Corryville, Clifton, University Heights, Avondale and Mt. Auburn. The developer of this project, Uptown Rentals, now has three developments within the immediate vicinity of Short Vine that are bringing hundreds of new housing units to Corryville.


A new $20M mixed-use development will rise where one of Short Vine’s most prominent historic structures once stood.

Visitors to the area will also notice other residential developments nearby including one such project sits almost immediately across the street from the Schiel School site on Short Vine. There, older structures have already been cleared, and the new development is now rising from the ground.

Community leaders in Corryville do expect the redevelopment of the Schiel School site (map) to transform the Short Vine business district, and it also seems certain that the addition of hundreds of new residents to the neighborhood will change the area’s demographics and urban form.

“Business at Dive Bar is great and has been steadily growing,” said Joe Pedro, owner of the recently opened establishment. “We see the new residential units being constructed in the neighborhood as an excellent driver for the business district, and ultimately we are excited to see new tenants coming to the street and feel it will positively impact all of the businesses in the area.”

Editor’s Note: An earlier version of this story included an incorrect rendering for the $20 million redevelopment of the historic Schiel School site in Corryville.