Tag: Mabley Place

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Development News

Revised Agreement for Redevelopment of Pogue’s Garage Poised to Advance This Week

More than a year after an initial deal was proposed to redevelop the aging Pogue’s Garage site into a sleek residential tower, a new deal may actually move forward that will allow for construction to finally move forward.

In November 2013, the City of Cincinnati had entered into a Development Agreement with Flaherty & Collins to build a 15,000-square-foot grocery store, 950-space parking garage and a soaring 30-story residential tower with 300 units costing $94 million. As part of this deal, the City had committed to providing a $12 million forgivable loan to the project. This came after an initial deal to fund the project through the proceeds generated by the then proposed Parking Modernization & Lease program.

The Parking Modernization & Lease program, however, was almost immediately cancelled upon the arrival of Mayor John Cranley (D); who then subsequently stated that the $12 million forgivable loan for the project was “too rich”, and that the entire project should be rethought.

This led to the engagement of the Cincinnati Center City Development Corporation (3CDC), and the new deal that will go before City Council’s Neighborhoods Committee, chaired by Vice Mayor David Mann (D), at 2pm today.

According to a leaked memo from City Manager Harry Black’s office, the new deal is substantially different from the previous Development Agreement. Instead it calls for a $5.5 million grant to Flaherty & Collins to construct an eight-floor residential tower including 208 units, and a $4 million loan to 3CDC to construct a 925-space parking garage and 25,000 square feet of street-level retail space.

The Cranley Administration is touting the deal as a savings for taxpayers, while also not sacrificing too much.

“We inherited an overly rich deal,” Jay Kincaid, Mayor Cranley’s Chief of Staff, told UrbanCincy. “This new deal saves taxpayers $6.5 million, and gives the City control over the garage.”

Much of the savings is realized through the changes to the parking agreement. The previous deal provided the developer a grant to build and operate the parking structure, while the new deal utilizes a $4 million performing loan to be repaid later by 3CDC. Once the loan is paid off, the revenue stream from the parking structure would be shared by the three parties.

The emergency ordinance that will be put before the Neighborhoods Committee today, and then most likely be voted on by the full City Council on Wednesday, also includes a 30-year property tax abatement for the apartment component.

As of now, property tax abatements in Downtown and Over-the-Rhine filter 25% to Cincinnati Public Schools, with the remaining 75% being the actual realized abatement. Starting on January 1, 2015, however, that latter number would be reduced to 67.5% with the 7.5% difference being put into a fund to help cover the costs of operating and maintaining the Cincinnati Streetcar.

With the development losing approximately two-thirds of its height, but only one-third of its number of residential units, it signals that the new development will look quite different than the initial renderings released to the public. The final result may mean smaller residential unit sizes or a wider tower that utilizes more of the site’s footprint.

Yet unanswered is what will happen with Paragon Salon, which has remained in operation at the site despite being served eviction notices from the City. Since the original Development Agreement was signed more than a year ago, the owners of Paragon have claimed the City is violating their lease agreement, and has requested assistance in finding a new location. The City, meanwhile, has rebuffed Paragon and said they will not submit to paying for the costs of its relocation.

One item previously holding up construction on this still unnamed project was the redevelopment of Tower Place Mall into Mabley Place. Now that the parking garage is complete and open for business, City leaders say they feel more confident in closing down Pogue’s Garage to allow for construction to commence.

Categories
Development News Opinion

Redesigned Streetscapes Could Turn Fourth and Race Streets Into Vibrant Public Spaces

Public Seating in Songdo, South Korea [Randy Simes]

Fourth Street offers one of the more impressive urban street canyons in all of America. Its pre-war high-rises dominate the streetscape and offer a glimpse into the proud history of Cincinnati.

Once the very center of business activity, Fourth Street was historically known as the region’s financial district – a place where all the power players lingered and conducted business. Since its heyday in the early 20th century, that center of financial clout has shifted. Some say it has shifted to Third Street, while others say it has moved east along Fourth or even north to Fifth Street.

In any case, many of those power players are now in other nearby districts, while the impressive structures they built are left behind.

City leaders had believed, with good reason, that Fourth Street would become the region’s premier shopping destination. However, with the demise of downtown malls and department stores, that vision never fully came to be.

All has not been lost though. Virtually all of the impressive, historic urban fabric remains and has since been largely converted into residential space. There is also a movement afoot from some business and civic leaders to breathe new life into not only Fourth Street’s retail scene, but Race Street’s as well.

Part of the ongoing transformation includes Mabley Place, which converted the former Tower Place Mall into a parking garage with street-level retail, the proposed 30-story residential tower that would replace the aging Pogue’s Garage, and the nearby and soon-to-open dunnhumbyUSA headquarters tower.

There is even the possibility of Fourth Street being converted back to two-way traffic following the activation of the now unused ramp to I-75 from Third Street.

As all of these projects start to become reality, they offer a unique opportunity to redo the public space in the area. One particular area that has long needed a redo, and has been the subject of many studio projects at DAAP, is Fourth Street’s dated streetscaping. Not only does the design of the sidewalks, benches and street trees leave much to be desired, they also do not follow standard good design practices.

The renovation of Fountain Square realized this and implemented good urban design practices in its final product. Things like softscaping and movable furniture are powerful elements to a good public space. The same could be done along Fourth Street’s, and for that matter much of Race Street’s, wide sidewalk widths.

Being in the midst of the digital age, it would also make sense to make the area more welcoming to tech users by implementing Internet hot spots and including solar-powered charging stations at benches and tables set up along the street.

Specifically, the areas best suited for such a transformation would be the north side of Fourth Street between Vine and Elm, and the east side of Race Street between Fifth and Seventh.

With more and more hotels opening up downtown in general, and specifically on or very near Fourth Street, this public space could also serve as a convenient and desirable ‘third place’ for travelers that are looking to spend some time out in the city, without feeling obligated to purchase endless cups of coffee or beer, but not also be trapped inside their hotel room.

Such a design could also activate the largely lifeless corridor with people from all backgrounds, and provide more passing customers for existing and potential businesses looking to setup shop there.

With all the construction taking place and about to get started, it would make most sense to leverage these private investments to improve this public space at the same time. Heck, it might even be the perfect opportunity to connect the new Central Parkway Cycle Track with the Ohio River Trail.

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News Transportation

Can Metro, Megabus Come to Terms on Moving the Intercity Bus Operator Into the Riverfront Transit Center?

Second Street Entrance to the Riverfront Transit Center [Randy Simes]

Following the announcement last week that Megabus would relocate its downtown Cincinnati stop to a parking lot at 691 Gest Street in Queensgate, there has been a new round of public calls for the intercity bus operator to move its stop into the underutilized Riverfront Transit Center.

The move is just the latest in a series of moves after Megabus was forced out of its original stop at Fourth and Race due to construction taking place at Mabley Place, and complaints from neighbors about noise and loitering. Those complaints have since plagued Megabus as it has tried to find a new stop somewhere in the center city.

Perhaps the most troublesome complaint has been allegations of public urination at Megabus stops by their riders. As a result, city leaders have been looking for a more permanent stop location that includes public restrooms. This has led to a number of people to suggest Findlay Market and the Horseshoe Casino, near the existing Greyhound station, as possible locations.

But through all of this there appears to be a growing sentiment that the Riverfront Transit Center be used not only to accommodate Megabus, but all intercity bus operators serving Cincinnati.

“There is, of course, plenty of parking available, and riders can wait in a safe and secure enclosed area, out of the elements and with restrooms available,” stated Derek Bauman, urban development consultant and chairman of Cincinnatians for Progress. “Megabus will benefit by finally having a permanent home that was built for just this purpose.”

In addition to there being plenty of parking nearby, the Riverfront Transit Center, designed to accommodate up to 500 buses and 20,000 passengers per hour, also has plenty of capacity.

Beyond Megabus, there may be an even greater upside for other operators, like Greyhound and Barons Bus, to relocate into the Riverfront Transit Center.

“Greyhound could benefit by moving from and selling its current location near the casino, which would then be ripe for development as a hotel or other higher use. This would also save the company millions in capital dollars to fund needed upgrades and rehab of the current facility.”

As has been noted by Vice Mayor David Mann (D), someone who has served as a leader on trying to find a solution to this problem, there are difficulties with getting Megabus and others into the transit center neatly tucked beneath Second Street.

The Riverfront Transit Center is technically owned by the City of Cincinnati and operated by Metro, which uses the facility Metro*Plus layover, special events and leases some of its east and west aprons for parking. According to transit agency officials, these operations generate approximately $480,000 in annual revenue and net roughly $170,000 in annual profit for Metro.

Therefore, any new operators or changes to this structure would not only present logistical issues, but also potentially negatively affect Metro’s finances unless new revenues are collected – something Megabus has not been particularly keen of thus far.

“It’s our understanding that Megabus pays a fee to share transit facilities in other cities,” Sallie Hilvers, Metro’s Executive Director of Communications, told UrbanCincy. “As a tax-supported public service, Metro would need to recover the increased costs related to maintenance, utilities, security, etc. from Megabus, which is a for-profit company.”

Hilvers also stated that while Metro is open to the idea, that there would also be some legal and regulatory issues that would also need to be addressed.

Nevertheless, the Riverfront Transit Center seems to be the logical place to consolidate intercity bus operators. The facility is enclosed, includes bathrooms, waiting areas, is centrally located and within close proximity to other transportation services such as Government Square, Cincinnati Streetcar and Cincy Red Bike.

“Welcoming visitors to Cincinnati at the RTC at The Banks showcases our city and is much more welcoming than a random street corner in Queensgate outside of downtown,” Bauman emphasized. “This just makes sense, it’s as simple as that. Everyone involved should continue do whatever is necessary to come to an agreement and make it happen.”

EDITORIAL NOTE: Cincinnati Vice Mayor David Mann (D) did not respond to UrbanCincy‘s request for comment on this story.

Categories
Business Development News

PHOTOS: The Changing Face of Downtown Cincinnati

dunnhumbyUSA Centre

It’s not just housing that’s booming in the center city, there is also a slew of office, retail, hotel and infrastructure projects underway that are transforming Cincinnati’s skyline and its streetscapes.

All of the construction activity makes it feel as if there is work taking place in just about every corner of the central business district and its immediate surroundings. And for the most part, that feeling is valid.

In addition to the thousands of residential units under construction, work is also currently underway on the second phase of The Banks, which will include not only 300 additional apartments, but also General Electric’s new North American Global Operations Center, 313-room Renaissance Hotel, dunnhumbyUSA Centre, Mabley Place, reconstruction of Second Street, and work is about to get underway for the new 115-room Holiday Inn hotel at Seventh and Broadway Streets.

In addition to all of the construction work taking place, the weather earlier this month was terrific and made for a perfect time to take pictures of some of the center city’s beauty.

EDITORIAL NOTE: All 22 photos were taken by Travis Estell for UrbanCincy between July 2 and July 9, 2014.

Categories
Business Development News

$5M Mabley Place Project is First Phase of 4th & Race Transformation

Demolition and reconstruction of the old Tower Place Mall, now named Mabley Place, began December 16 with the installation of construction fencing around the perimeter of the old mall at Fourth and Race Streets.

Demolition of Pogue’s Garage, however, will not begin until the conversion of the mall is complete. Once the parking garage is removed, it will clear the way for construction of the 30-story apartment tower planned for the site.

Tower Place Mall, which was purchased by the city early last year for $8.5 million, came attached with the deteriorating eight-story Pogue’s Garage. Originally constructed to serve as parking for the namesake department store across the street at the intersection. The department store closed and was replaced by the mall in the 1980’s.

The mall building also supported its own parking expansion that currently is only accessible via a skybridge from the Pogue’s Garage. The parking spaces above the old mall will remain open during construction.

“The 525 parking spaces that currently exist above Tower Place Mall must be able to be accessible by other means prior to the demolition of the Pogue’s Garage. Right now, the only way to access those spaces is through Pogue’s, so the interior ramping at TPM must be completed first,” explained Stephen Dronen with the city’s Department of Trade and Development.

City officials expect the $5 million Mabley Place project to take six to nine months, and are optimistic that the parking structure will open by June. In addition to the parking, the project will include 8,400 square feet of street-level retail. One retail space has already been leased.

From there, developers of the Pogue’s Garage site can begin the laborious task of taking down the parking structure.

Due to its close proximity to other buildings, and the fact that it does not have a basement, engineers say that the garage cannot be imploded and must rather be demolished conventionally. The city estimates the demolition will take about four months and should begin this summer.

Flaherty & Collins is the lead developer on the new 300-unit apartment tower that will also include 1,000 parking spaces and 16,000 square feet for an independent upscale grocery store.

Construction is expected to commence immediately following the demolition of the garage, with the potential for a tiered opening of the garage prior to the residential tower above. Under such a model, the grocery store and parking garage components could open in early 2016, while the high-rise residential tower would open near the end of 2016 or the beginning of 2017.

Although the redevelopment project was originally planned to be funded through the long-term lease of the city’s parking assets, the deal evolved to no longer require funding from the now cancelled lease. As a result, the project is being funded private financing and a $12 million forgivable loan that, city officials say, is contingent on the satisfactory completion of the project and completion and operation of a first-class grocery store on the ground retail floor of the project for at least five years.

Photographs by Elizabeth Schmidt for UrbanCincy.