Tag: over-the-rhine

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Development News

Pendleton Offers Support For $24M Alumni Lofts, Pending Green Space Protection

Aerial of the Alumni Lofts site [Google Earth]

On Monday evening, the Pendleton Neighborhood Council voted unanimously to support Core Redevelopment’s $24 million Alumni Lofts project, provided the green space north of the former Woodward School/School for Creative and Performing Arts building remain undeveloped and available for public use.

The council’s letter of support asks that any development agreement between the City and the Indianapolis-based developer, or any future owners or assigns, include provisions that the Cutter Playground property be donated to a nonprofit or governmental entity and that development restrictions, such as a conservation easement, be included in the contract.

The developer’s current plans call for a two-level parking structure on part of the nearly three-acre site, leaving between 80-85% of the original green space intact.

Developer Michael Cox with Core said that he’s unsure whether the green space will be managed by his company or donated, but said that his company is committed to the community’s goals.

“We don’t know which one yet, simply because we haven’t worked through all of the deal structure and the timing of all of that,” he said. “It’s a pretty complicated project that we’re doing, but we are committing to the City in our project agreement with the City that we will do one of those things with the green space and it will be a green space in perpetuity.”

Alumni Lofts will consist of 142 market-rate apartments, ranging from 480 to 2,000 square feet and leasing for between $699 and $1,400 a month.

Still undergoing demolition and prep work, construction on the new units has been bid and is ready for permitting pending Council approval. A leasing office is planned to open in January or February, and Core expects to welcome its first tenants by July 1, 2016, Cox said.

The development agreement will be presented to City Council’s Budget & Finance Committee on June 8.

Under terms of the agreement, the project would receive indirect City assistance through a 30-year tax increment financing (TIF) rebate program, which Senior Community Development Analyst Adam Sickmiller said is “completely unique” for the region.

“From the developer’s perspective, it’s effectively a net 67.5% tax rebate,” he said.  “So the developer will pay their taxes. Twenty-five percent will go to the schools, and 7.5% will go to the streetcar operating fund.”

The remainder would be returned to the developer, which will allow Core to receive a bigger bank loan to construct the parking structure, Sickmiller said.

“If the project performs better than expected, there will be a sharing of that revenue between the developer and the City,” he said. “Where specifically this money is going – and one of the reasons that we’re pretty excited about this – is that it’s going into an account that will specifically be used for public improvements, urban redevelopment, and public infrastructure, parks and the like.”

Opened in 1910 as the second Woodward High School, the 225,000-square-foot building has been vacant since 2010, when SCPA moved to its new $72 million building on Central Parkway.

Core bought the school for $1.3 million in late 2012 at an auction of vacant Cincinnati Public Schools properties.

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Development News

OTR Foundation Hosting Workshop for Those Interested in Rehabbing Historic Buildings

Prospect Hill in Over-the-Rhine [Travis Estell]

Last year over 100 people attended a series of workshops focused on rehabilitating distressed properties in Over-the-Rhine. The 3OTR Owner-Occupied Workshop series was hosted by the Over-the-Rhine Foundation, and each session featured realtors, rehabbers, architects and other experts telling their stories to people who were interested in rehabbing properties of their own.

Organizers say that the series was so impactful that its graduates even earned mention as qualified potential developers by 3CDC for city-owned properties north of Liberty Street.

“When we conducted our evaluations of the workshops last spring, participants spoke loudly that they benefited most from hearing from individuals who acquired and rehabbed properties,” said Thomas Hadley, an Over-the-Rhine Foundation board member. “This workshop offers hands-on insights into what it takes to do a project in OTR.”

Now, a year later, some of the graduates are returning to share their stories with a new crowd. The event, this time called Lessons Learned, will focus on four rehab projects that resulted from the last year’s series.

Planned discussion topics, organizers says, will include financing, structural changes, LEED projects and combining a multi-family into a single-family building. One of the sessions will even feature a project that involves rehabilitating a three-unit building with retail.

“Lessons Learned is a unique opportunity to find out how alumni from last year’s workshops used what they learned to acquire and rehab property,” Hadley explained.

The workshop will be held on Saturday, June 6 from 9am to 11am at Venue 222 on Fourteenth Street in Over-the-Rhine. Those interested in participating can register online for $10v.

The event is easily accessible via Metro’s #16, 17, 19 & 24 bus routes, which all stop at Main and Orchard Street, where there also happens to be a Cincy Red Bike station.

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Arts & Entertainment News

OTR Foundation Crowdfunding Campaign to Support Rothenberg Rooftop School Garden

The Over-the-Rhine Foundation is looking to raise money to support the Rothenberg Rooftop School Garden.

The non-profit group typically advocates for historic preservation, and was instrumental in saving the historic school. As a result, Over-the-Rhine Foundation leadership sees the support of this rooftop garden and the school itself as one of its primary initiatives.

“The Rothenberg Rooftop School Garden is a transformational project that builds community by connecting students in OTR to the values of gardening in their school environment,” W. Kevin Pape, President, Over-the-Rhine Foundation, said in a prepared release. “The Foundation proudly supports Rothenberg’s students and the realization of the rooftop garden project.”

In the case of this project, digital crowdfunding site Indiegogo is being used, but there will also be a happy hour event tonight at Goodfellas Pizzeria on Main Street.

The Indiegogo campaign offers a variety of funding levels, but donors can also pledge their own amount of financial support. Organizers have listed a goal of $5,000, of which nearly half has been raised since the campaign was unofficially launched three weeks ago.

Pape says that the funds will allow for the purchase of 15 cold frames to protect the plants from cold weather, irrigation systems, rain barrels, four new fruit trees, work stations and potting benches, and all the materials needed to stock a Garden Kitchen – electric skillets, mixing bowls, knives, utensils, salad spinner, camp stove and more.

Since reopening in 2013, the Rothenberg Rooftop School Garden has served as an active learning experience for Cincinnati Public Schools students, and also provided students at Rothenberg Preparatory Academy with fresh, healthy foods to eat. In fact, the garden allows for daily gardening lessons to be integrated into the students’ curriculum, with each teacher at the school managing a garden bed that has a space for each student within the class.

The happy hour fundraising event tonight at Goodfellas Pizzeria, located at 1211 Main Street, will take place from 5pm to 8pm. Entrance to the event will cost $20, which will support the fundraising effort but also get you pizza and a beer.

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Development News

First Designs Revealed For What Tiny Living Could Look Like in Over-the-Rhine

Peete Street Rendering [Provided]

Brad Cooper unveiled his first designs for two 250-square-foot homes that will be built on the northern edge of Over-the-Rhine later this year.

After showcasing the designs and explaining the process to prospective home-buyers last night, Cooper now says that he hopes to keep moving the project forward so that they can be built by the end of the year, and welcome their tenants by 2016.

The homes are admittedly not for everyone. Instead of focusing on standard sizes and layouts, Cooper has instead focused on a minimalist approach that requires creativity and an open mind to make it work. But if recent trends in tiny living are any indicator, he might be on to something locally.

“You can still live large in a small space, but the homeowner’s lifestyle needs to align with the ethos of tiny living,” says Cooper.

The two initial lots that Cooper is looking to build on are located on Peete Street, where most of the northern side of the street has sat vacant for many years. The lots are small and have a steep slope near the rear, making them nearly impossible to develop according to traditional building practices.

The site layouts, which are still being refined as part of the ongoing design process, leave room for outdoor living space, as well as an adjacent, off-street spot to park a car.

Cooper, who is a professionally trained architect, is being partially driven to develop such a concept due to his belief that affordable housing can be for everyone, but that it begins with a quality upfront investment.

The goal is to sell both of the homes, which are priced at $70,000, by the end of summer or early fall, then to break ground shortly thereafter. For that price, Cooper says that the home-buyer would get most things that are expected in any home, but have options to include a full-size refrigerator, dish washer, washer/dryer, and built-in furniture.

Each of the homes will also come equip with solar panels at the rear of the lot.

At the $70,000 price point, Cooper says that someone making just $10 an hour working 40 hours a week could afford to buy one of the homes. Using standard financing benchmarks, he estimates that someone of that background could finance the home for approximately $500 a month after making a $2,000 down payment.

To help first-time home-buyers through the process, Cooper has partnered with Working in Neighborhoods so that they can get the information they need before moving forward.

Should such an endeavor be successful, it could prove to be a scalable model that the city could use to develop small, difficult lots that have long sat vacant. Most of these locations are located in or very near the center city, so it also gives people an affordable option for buying close to the core.

“You’re not just buying a tiny home, you’re purchasing a stake in one of the most remarkable historic districts in the country,” Cooper noted.

Interested home-buyers are required to attend one of the planned outreach sessions, like the one held last night. While the dates and locations for those have yet to be released, those who are interested can receive updates by signing up at StartSmallHomes.com.

The effort is being funded, in part, through a $100,000 Haile Fellowship at People’s Liberty.

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Development News

Start Small, Live Large Event to Engage Homebuyers Interested in Tiny Living

In December we announced that one of our writers had won one of prestigious Haile fellowships at People’s Liberty. As part of that, Brad Cooper would receive $100,000 to quit his job and spend the next year developing a concept for affordable, tiny living in Over-the-Rhine.

Over the past five months Cooper has been developing his design, based on community and professional feedback; and he is now ready to present his initial designs at an event he’s hosting Wednesday evening at the Over-the-Rhine Recreation Center.

The event, called Start Small, Live Large, will showcase Cooper’s design concepts thus far, while also presenting additional information for those interested in purchasing one of the two 250-square-foot homes he plans to initially develop. In fact, this is actually the first of a series of events that interested homebuyers will be required to attend in order to eventually purchase one of the homes.

Cooper says that only those interested in eventually buying one of the homes should attend the event. He also notes that those potential homebuyers will need to attend only one of the events as part of this series.

To help these prospective investors better understand the process, Start Small, Live Large will feature a “Homebuyer 101” presentation from Working in Neighborhoods, with a question and answer period to follow.

The event will take place from 6pm to 7:30pm at the Over-the-Rhine Recreation Center at 1715 Republic Street. Light refreshments will be provided.