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Up To Speed

Development patterns appear to be not so free market-driven after all

Development patterns appear to be not so free market-driven after all.

There tends to be agreement among Americans that the way our communities are built is due to free-market demand. But as it turns out, government incentives have long influenced the way our communities develop, and have long favored suburban development patterns. More from The Atlantic:

According to a new report released by Smart Growth America, the federal government influences our real estate sector – with tax credits here, loan guarantees there, grants and other programs – to a tune of more than $450 billion a year. All that money (and the incentives implied by it) subtly skews what we build. Meanwhile we keep talking about about other, more obvious interventions in the real estate market, like regulation through zoning codes and infrastructure decisions about where to put roads and sewer lines.

Stepping back and looking at the whole collection, it’s clear that the federal government has favored many types of development at the expense of others, often with weak or outdated logic. The government dramatically favors homeowners over renters. Its support is heavily skewed toward single-family homes over multi-family developments (the FHA, for instance, funneled just one-tenth of its $1.2 trillion in loan guarantees over the past five years toward multi-family housing).

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Business Development News

Great Traditions breaks ground on phase two of Stetson Square

Nearly seven years after phase one of the $84 million Village at Stetson Square development opened, developers stood with city and neighborhood leaders in Corryville this morning to celebrate the groundbreaking of the project’s next phase.

Once fully complete, phase two will include a total of 18 condominiums in four different buildings, with prices ranging from $200,000 to $275,000.

In order to help compliment the development, the City of Cincinnati will be contributing $340,000 towards infrastructure improvements in the immediate area. The development team expects the first residents to begin moving in by August 2013.

The Stetson Square development got off to a fast start with its large first phase. Until phase two designs were revealed in May 2012, the second and third remaining phases of work had been left undeveloped and up in the air with regards to when they would get started.


The second phase of work at Stetson Square kicked off today – nearly 13 years after the original plan was developed for the project in 2000. Image provided.

“We are very proud of Stetson Square and what it has contributed to the Corryville neighborhood and Uptown area,” explained Jamie Humes, Vice President, Great Traditions Land & Development. “It is an exciting, transformative time for people to live within the City of Cincinnati.”

In addition to adding new owner-occupied housing units to the Corryville neighborhood near the booming medical research block, the developers are also pursuing Leadership in Energy and Environmental Design (LEED) certification.

In December 2012, Cincinnati City Council passed new measures overseeing the tax incentives distributed for LEED-certified project.

But while phase two is finally getting started, the prominently located phase three has yet to have its future defined. When asked about the future of phase three, Humes stated that there is no definitive plan or use for it yet.

“Our perspective is that the marketplace will ultimately determine what the best land use and timing for development will be,” Humes clarified. “Corryville Community Development Corporation (CCDC) will then make the decision on how to proceed.”


Phase two of Stetson Square is considerably smaller than phase one, and will welcome its first residents by fall 2013. Rendering provided.

In 2006, Great Traditions informed UrbanCincy that phase three would eventually result in either apartments or condominiums, with a preference for additional owner-occupied units if the market would allow. The undeveloped lot sits at the corner of Martin Luther King Drive and Eden Avenue, and the CCDC currently retains ownership of the property.

Great Traditions touts that Stetson Square has 100% of its 79,000 square feet of office space and 92% of its 15,000 square feet of retail space occupied, more than 400 people living within the first phase’s 53 condominiums and 205 apartments.

The extended period it has taken to build out the development may be attributable to a sluggish economy, or even the fact that Stetson Square was Great Tradition’s first major foray into the urban real estate market.

“When Stetson Square was originally conceived, it was designed not only to be a great project, but also to serve as a catalyst for the revitalization of Corryville,” Humes told UrbanCincy. “To have the opportunity to translate this concept into an urban context with Stetson Square has been a natural and exciting progression for our company.”

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Up To Speed

More than $64.3B to be invested in North American rail transit in 2013

More than $64.3B to be invested in North American rail transit in 2013.

As the migration of people from the suburbs back to cities continues, so does the investment in urban forms of transport. A modern streetcar route is currently under construction in Cincinnati, and bus rapid transit, light rail and commuter rail is all being studied for the area. Nationally, more than $64.3 billion is being invested to expand rail transit. More from The Transport Politic (including map):

What is evident is that certain cities are investing far more than others. Among American cities, Denver, Honolulu, Houston, Los Angeles, New York, San Francisco, Seattle, and Washington stand out as regions that are currently investing particularly dramatically. Toronto has the biggest investments under way in Canada. These metropolitan areas have invested billions of local dollars in interconnected transit projects that will aid in the creation of more livable, multi-modal environments. Dynamic, growing cities require continuous investment in their transit systems.

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Up To Speed

Should the FRA allow Amtrak to use lighter passenger trains?

Should the FRA allow Amtrak to use lighter passenger trains?.

Amtrak has historically been mandated by Congress to do all sorts of things that it otherwise would not willingly do on its own (i.e. run long distance routes to nowhere), but they are currently working to get the FRA to remove a regulation that would reduce its costs for operations and expansion. More from Slate:

Amtrak is going to push to get the Federal Rail Administration to change the safety regulations that force its passenger trains to be much heavier than the ones used in Europe and Japan. Relief from this rules has three kinds of advantages. One is that lighter trains use less fuel and thus are cheaper to operate. A second is that lighter trains can accelerate faster, making trips shorter.

Categories
Business Development News Opinion

Large vacant buildings should be transitioned into urban community centers

Could the Bartlett Building be transformed into something completely different? Photograph by Thadd Fiala for UrbanCincy.

Throughout the United States there are cities that have large vacant buildings and spaces in their central business district that could be utilized in a new efficient way.

In Cincinnati, the old School for the Creative & Performing Arts was recently auctioned off and is slated to be turned into apartments. In the CBD the Bartlett Building, Tower Place Mall, and Terrace Plaza Hotel remain empty or nearly empty and take up about one-fourth of a city block each.

Some think these buildings could be prime residential properties, but they could be that and more. A large vacant building, for example, could be developed into a mixed use community center.

My inspiration actually came from the Up To Speed story on UrbanCincy about a rock climbing gym in St. Louis. I thought to myself that Cincinnati can have something similar and better. Downtown Cincinnati and OTR/Pendleton are becoming destinations for young adults and families for both restaurants and bars.

Turning a large vacant building into a destination point for physical and social activity would add a whole new dimension to the city. The following ideas are what could go collectively into a large empty building:

  • Rock Climbing Gym – With the exception of the UC recreation center, all of the rock climbing centers are on the outer edge of the city.
  • Paintball Arena – This would be an extremely unique idea for the area as there are minimal indoor paintball facilities and could be a draw for different work or teambuilding groups.
  • Exercise Gym/Running Track – The gyms downtown are mostly old and do not offer enough space or have odd floor plans. Renovating a vacant building would allow plenty of space with tall ceilings and large windows that could allow natural light and have a large open space for exercise equipment. A downtown gym with enough space can offer a full menu of classes including Crossfit, spinning, yoga and Zumba, to bring in a broad range of people looking to exercise. A running track a fraction of the size of an outdoor track could be installed for those that do not like treadmill, but want to run indoors.
  • Basketball Court/Indoor Soccer – Large office buildings could utilize a few stories to carve out a basketball/indoor soccer surface and hold leagues and practices for area schools and AAU teams.
  • Batting Cages/Pitching Tunnels – The basement of a building could be an ideal area for batting cages and pitching tunnels for baseball and softball practice during the cold months. These cages and tunnels are easily moved and can be repositioned to make room for more activities inside the building.
  • Golf Simulators/Nets/Putting Green – This would be another unique addition to an urban area with little green space for golf. Workers could play a quick round during their lunch break or warm up before they go out to one of Cincinnati or Hamilton County’s public courses. This would also allow for urban dwellers a space they could walk to for golf lessons.
  • Offices – With additional amenities a building would become more attractive to businesses.
  • Apartments – To make the building a true mixed use development, apartments could be added as this would be a true “luxury apartment” with a real gym (unlike those found at too many apartment complexes that only have a treadmill and Bowflex and call it a gym) and the ability to walk to some of the most popular dining destinations in the city.

To compare a potential community center downtown with other recreational centers, the Recreation & Physical Activity Center at Ohio State University has a total of 570,000 square feet of space including the pools, while 25,000 square feet is fitness space for weights and treadmills. By contrast, the Campus Recreation Center at the University of Cincinnati has 202,000 square feet including its pools.

The options of what to include in these large, empty spaces are endless, but a truly mixed use development would be better suited for the community than simply offices, apartments, and art studio space. The gyms downtown are old and do not offer enough space, or have odd floor plans. Rock climbing and paintball would draw younger crowds, and the students in the area could benefit from having additional practice facilities.

A neighborhood needs young families as well as young professionals. This would be a good start to try and draw them to the core and keep them there.

Brian Valerio grew up in Cincinnati’s College Hill neighborhood and graduated from St. Xavier High School and Ohio State University where he studied finance and real estate. He currently works at Fifth Third Bank and lives downtown. Those interested in sharing their thoughts can submit guest editorials to UrbanCincy by emailing urbancincy@gmail.com. Please include a short bio with any submissions.