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Business Development News

$27.3M investment to transform historic Enquirer Building into 238-room hotel

The historic Enquirer Building in downtown Cincinnati is finally set to get its long anticipated makeover. However, this time it will be as a hotel instead of the residences originally envisioned for the 86-year-old tower.

Plans call for a 238-room hotel with 12,000 square feet of street-level retail space. The renovation work would be completed over the next two years, with the first guests arriving at the end of 2014.

SREE Hotels, which typically operates Marriott hotel brands, will be the eventual operator of the new hotel one block from Fountain Square. This will also be SREE Hotels first project in the Midwest.

The planned hotel would become downtown’s fifth largest and would bring its total to more than 3,000 rooms.

“It is always great when we can preserve and restore one of our historic buildings,” Cincinnati Mayor Mark Mallory stated in a prepared release. “The deal also illustrates the increasing demand for more hotel rooms in Cincinnati. We have been focused on creating providing a great visitor experience for all of our guests, and that is paying off with increased tourism and convention business.”

The $27.3 million hotel project follows a failed effort by Middle Earth Developers to renovate the historic building into 152 apartments, 53,400 square feet of office space, and 170 parking spaces.

The new hotel would be the third recent hotel to join the greater downtown area over the past three years. According to the Cincinnati USA Convention & Visitors Bureau, downtown hotels had a 63 percent occupancy rate in 2011, and are experiencing record numbers thus far in 2012.

Developers of The Banks have also been in negotiations with hotel operators for a planned hotel at Freedom Way at Main Street directly across the street from Great American Ball Park.

“This deal, coupled with the renovations at the Hyatt, help to build our capacity for bigger and bigger convention and meeting business that in turn help our economy,” Cincinnati City Manager Milton Dohoney noted.

According to City officials, the project is contingent upon a 75 percent exemption on the increased tax value of the $27.3 million investment, which would equate to approximately $7.3 million over the course of 12 years. The deal was passed out of Cincinnati’s Budget & Finance Committee yesterday in their first day back from summer recess, and will go before the full City Council on Wednesday, August 1 at 2pm.

Enquirer Building exterior photograph by Thadd Fiala for UrbanCincy.

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Development News Opinion Politics

What’s the full story behind Cincinnati’s 50-year population decline?

Cincinnati, like all peer cities, recorded its peak population in the 1950 and has steadily lost residents since. Specifically, Cincinnati has lost 205,000, or 43 percent of its peak population of 503,998 as recorded by the U.S. Census Bureau. Meanwhile, the population of Cincinnati’s metropolitan statistical area has doubled to 2.2 million.

Contrary to the narrative perpetuated by those who practice the politics of decline, this loss of population is symptomatic not of variously corrupt or negligent city officials but is rather the outcome of social trends that have evolved well outside the purview of city government. What’s more, nationwide demographic trends and elevated living standards mean attracting 205,000 new residents would require the City of Cincinnati to transform itself physically into something entirely unlike what it is at present or was in 1950.


Cincinnati’s population has taken a recent downward trajectory, but there may be more to the story. Chart produced by UrbanCincy.

Demographic Changes since 1950
Entirely overlooked in the public discussion of city population decline is the end of the postwar “Baby Boom” which was enabled by the U.S. Food & Drug Administration’s (FDA) approval of oral contraceptives in 1960, and the U.S. Supreme Court’s legalization of abortion in 1973. Between 1960 and 1975, the number of annual live births in the United States fell from 4.25 million to 3.1 million.

An academic assessment of how the plummeting birthrate affected Cincinnati’s population could consume weeks of research. But the drop in family size, along with the proliferation of separations and divorces, means nearly all Cincinnati homes and apartment units that were occupied by large families in the 1950s are today occupied by fewer people.

So for Cincinnati to regain its lost 205,000 residents, the number of people residing in existing homes and apartment units must increase dramatically, and new construction must be populated at something higher than today’s prevailing density. With no reason to expect that Cincinnati’s birthrate will suddenly increase to that of impoverished countries, all population growth must come from the city’s suburbs or from outside the region. The wealthier the newcomer, the more living space they can afford. So paradoxically, the successful pursuit of top talent frustrates the task of fitting 205,000 new residents within Cincinnati’s existing city limits.

Loss of Residential Neighborhoods
Cincinnati’s municipal boundaries have not changed since it achieved its peak population in 1950, but thousands of prewar homes and apartments have since been replaced by non-residential structures. This means Cincinnati not only lost tens of thousands of residents for construction of expressways, light industry, and other purposes, but these properties are generally unavailable today for any effort to repopulate the city.

Cincinnati’s loss of residents and residential land was not limited to expressway construction and urban renewal projects. In the neighborhoods collectively known as Uptown, physical growth of universities, hospitals and other institutions has resulted in the demolition of over 1,000 homes and apartments since 1950.


The West End, shown here in 1959, was demolished shortly after from 1960 and 1963 for Interstate 75 and the Queensgate industrial park. Photograph by Dave Tunison.

The Politics of Population Decline
A variety of unscrupulous local politicians and media figures cleverly play two sides of Cincinnati’s population loss narrative. According to them, Cincinnati has lost population due to high crime, high taxes, and corrupt city governance. But should the city start attracting new residents, the perceived “bad element” will be pushed outside city limits and into the areas of those trumpeting this false narrative.

Therefore, with every avuncular call for Cincinnati to improve itself, these figures work to undermine the city’s capital improvements, and have succeeded in creating a suburban culture that looks upon the city and those who support it with deep suspicion. What’s more, those who play the politics of decline know that Cincinnati cannot physically house 205,000 more residents without construction of dozens of hi-rise apartment blocks. Such apartment clusters and the subway system necessary to move their residents throughout the city would be met with excited accusations of “communism”.

Certainly, Cincinnati would benefit from new residents, especially in its under-populated neighborhoods where many historic structures are at risk of demolition. The arrival of 205,000 residents within the city limits would resolve many of the city’s current problems but would force higher apartment rents, increase noise and traffic congestion, and would motivate the demolition of historic structures for new multistory apartments and commercial buildings.

So while virtually every old American city has lost population within its city limits since 1950, some of that loss has occurred for reasons unrelated to the commonly heard decline narrative. Family sizes are smaller, non-residential buildings have been built in some former residential areas, and new neighborhoods have formed outside city limits to house those displaced by commercial and institutional growth. Considering these realities, the City of Cincinnati will likely never again be the home of 504,000 people, and so should not measure itself against its former peak population.

 

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Up To Speed

What happened to Cincinnati’s once proud Sixth Street Market?

What happened to Cincinnati’s once proud Sixth Street Market?.

Everyone in Cincinnati knows about Findlay Market, Ohio’s oldest farmers market, but the Queen City once boasted six such markets throughout the urban core. The last to go was the Sixth Street Market which was torn down in 1960. More from the Cincinnati Enquirer:

Two market houses stood in the middle of Sixth Street. One sold meat, eggs and dairy; the other was a popular flower market. Along the curbs, the city leased 111 stands to sell fruits and vegetables of every kind. Young girls sold baskets and pretzels…Their end could be seen coming for a while. Downtown was undergoing urban renewal. Traffic needed an entrance to the Mill Creek Expressway, now known as Interstate 75.

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Business Development News

Bread & Spice brings vegetarian-focused bakery to Covington

Just over two years ago, Amber Jones realized a dream when she and her husband Jason were able to purchase a historic building in downtown Covington, fix it up, move in to the upper floors, and open a bakery on the first floor. As time progressed, so did Jones’ family and she was forced with making the difficult decision of closing up shop.

Not long after, Jones was in contact with another family-driven entrepreneur interested in operating a bakery out of the 1,000-square-foot space at 212 W. Pike Street.


Bread & Spice along Pike Street in downtown Covington. Photograph by Jake Mecklenborg for UrbanCincy.

“After looking at several restaurant and bakery locations available in Kentucky and Cincinnati, Dawn, my wife, and I decided we really preferred this location,” explained Daniel Tinney, owner of Bread & Spice. “We have both always enjoyed the look and style of older buildings, and we liked the positive neighborhood spirit we found here.”

Daniel operates Bread & Spice with his wife Dawn, and says that the two have waited long enough to pursue a mutual dream of theirs to open a café.

“Through my 20s and 30s I experimented with a variety of cuisines from around the world. I enjoyed savory, slightly spice food, and I learned how to cook them through trial and error,” Daniel told UrbanCincy. “I have been a vegetarian since age 15, and I have often found the options available to vegetarians dining out were either clearly an afterthought, or prepared in a rather bland way.”

To counter that, Daniel explains, that Bread & Spice features a multifaceted menu with a primary focus on vegetarian food that is savory and flavorful.

The Tinney’s celebrated the café’s grand opening on May 9, 2012, and have signed a one-year lease with an option to renew. Bread & Spice is currently open Monday through Friday from 7am to 3pm, Saturday from 8am to 3pm, and is closed on Sundays.

In addition to savory vegetarian options, Daniel notes that the café offers pour-over coffee and baked goods prepared at the store by his wife.

Daily specials and other product information is updated on Bread & Spice’s Facebook Page and Twitter account @BreadSpice daily.

Categories
Business Development News Politics

The Triumph of Cincinnati’s Center City Plan

Cincinnati was a different place ten years ago. It was a city still reeling from the destruction left behind by the civil unrest in 2001, and had a downtown in decline with retailers closing up shop and office vacancies soaring. The Banks project was regarded as a pipe dream, a field of mud between the elevated islands of sports stadiums and a lonely museum overlooking construction on the opposite side of the Ohio River.

Over-the-Rhine was a different place ten years ago as well. The corner of Twelfth and Vine Street consistently rated as the most dangerous in the city. Block after block of boarded buildings stood silently as echoes of an era time forgot. This was Cincinnati’s center city, a dried up husk of its former glory where redevelopment projects stalled and floundered and everyone returned home before dusk.

My, how far things have come.

In ten years time, the city center has experienced a resurrection from what appeared to be a near death experience. Fountain Square now attracts concerts and events, The Banks has become reality, Over-the-Rhine is being revitalized before our eyes, and it seems like every day there is a new project, a new store, a new cultural amenity, or a new festival choosing the downtown area.


Phase one of The Banks has been built [LEFT], and a major revitalization of Over-the-Rhine is underway [RIGHT]. Photographs by Randy A. Simes for UrbanCincy.

There is a saying that it takes a village, but in this case, it took a plan to change the area’s trajectory.

The Center City Plan as conceived in 2002 by consultants as a report to the city’s Economic Development Task Force. What the plan did is lay out a vision and way forward for the city to begin restoring the vitality of its largest economic center.

“The Economic Development Taskforce was a public-private partnership that looked at how the city could thrive,” City Spokesperson, Meg Olberding, explained. “The task force laid out a structure whereby the public and private sectors each have their role, but must work together.”

The task force made 23 recommendations, in total, including the creation of a one-stop permit shop, establishment of the Port Authority as an economic development agency, and the formation of the Cincinnati Center City Development Corporation (3CDC).

City officials and 3CDC were tasked with making the goals laid out in the Center City Plan a reality. In particular, the plan detailed four initiatives aimed at restoring vitality.

  1. Redevelop Fountain Square: The plan recommended that the city, “transform Fountain Square into the city’s retail, cultural and civic heart”. Consolidation of retail at street level and creation of an attractive public space went into the redesign of the square. The removal of pedestrian skywalks also seen as a way to focus pedestrian activity on the street.
  2. Revitalize Over-the-Rhine: With regards to Over-the-Rhine the plan said, “Without intensive focus on Over-the-Rhine, efforts in the center city will be wasted.” Starting with a focus on the Vine Street corridor as the primary retail corridor, the plan envisioned a catalytic development agency spurring redevelopment along Vine Street in the historic neighborhood. The plan was to start at Central Parkway and work north towards Liberty Street.
  3. Build the Banks: The plan initially tasked the agency that would become 3CDC with the mission of building The Banks project. Years later the project moved forward under a steering committee to overcome conflicts that arose from the various parties involved in the riverfront redevelopment.
  4. Restore Washington Park: It was recommended that the city, “Implement a comprehensive development strategy to make Washington Park a civic treasurer.”

Of the many recommendations that stem from the Center City Plan, nearly all of them have been implemented or are in the process of being implemented today. The success of the plan, and those implementing it, can be seen every time a new project breaks ground, a new business opens shop, or a new cultural attraction takes root.

Other less visible accomplishments can be credited to the implementation of the other recommendations of the Economic Development Task Force such as the evolving direction of the Port Authority, the Plan Build Live initiative, and the city’s revised marketing approach.

Olberding concluded that, “This has proven to be a winning strategy for the City and one that will be more and more important as we take Cincinnati to the next level of growth and opportunity.”