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Business Development News

Moerlein Lager House takes shape at $120M Phyllis W. Smale Riverfront Park

The new 45-acre Phyllis W. Smale Riverfront Park is making tremendous progress just south of The Banks development along the Ohio River. Phase 1 of the $120 million project is now visually recognizable and the final pieces will soon come together in order to reach its projected completion date in spring 2012.

One of the most anticipated elements of phase one is the Moerlein Lager House. Once complete, the 15,000-square-foot establishment will become the region’s largest brew pub ahead of the Hofbrauhaus just across the river.

In this latest round of updates, Christian Moerlein owner Greg Hardman discusses the inspiration for the dramatic mural that will greet customers as they enter the Moerlein Lager House.

In addition to the Moerlein Lager House, phase one updates also include the Walnut Street Fountain & Stairs, Bike Mobility Center and Ohio River Trail.

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Development News Transportation

National organization to manage bikes at Riverfront Park

Cincinnati will join the ranks of Chicago, San Francisco, New York City, Washington D.C. and Miami, Florida as another city to utilize Bike and Roll, a nationally recognized bicycle rental and tour company, as the operator of the Bike, Mobility and Visitor’s Center for the Central Riverfront Park. The center is scheduled to open in Fall of 2011, along with the Jacob G. Schmidlapp Stage and Event Lawn, despite recent city budget cutbacks to the Parks Board.

“The Phase I features currently under construction are being built with a blend of previously procured federal, state, local and private funds,” said Willie Carden, Director of Cincinnati Parks. “So this construction work will proceed as we endeavor to open and maintain the park. In the meantime, Common Area Maintainence charges from The Banks development, the Schmidlapp Event Lawn rentals, and rent from the Moerlein Lager House and the Bike Center will begin to generate significant revenues for the operation of the park – attracting thousands of visitors for recreation, socialization and relaxation to the region’s new front door.”

In a true example of public-private funding and ownership, Bike and Park (the Cincinnati branch of the company) will exclusively staff, maintain, and operate the Visitor’s Center and bike rental facilities – including lockers, showers, and toilet rooms – in the park. They will pay all rent and operating costs, and will fully furnish the center.

The Bike and Mobility Center will offer a full range of options for both visitors and Cincinnati residents to enjoy. A wide variety of bikes will be available for rent, as well as strollers, tagalongs, trailers and kids’ safety equipment.

Bike repair services will be available at the center, a relief to bikers in the Basin who have been longing for a bike shop or a place to fill their tires that is in the 45202 zip code. There will also be bike storage facilities for commuters coming in from the Ohio River Bike Trail who want to ride to work. The Visitor’s Center shop will carry bike-related retail items, as well as pre packaged snacks and drinks for purchase.

“The Bike Center will provide more health and recreational opportunities to downtown commuters and visitors than ever before,” said Carden. “Bike and Park is committed to providing outstanding service and equipment to enhance the Cincinnati Riverfront Park experience for all—just as they have done in the dynamic communities in which they currently operate.”

Bike and Roll has built up a vast network of sight-seeing tours for its other locations – visitors can ride around at Fisherman’s Wharf in San Francisco, or Navy Pier in Chicago. Having an experienced, nationally recognized company create new routes, maps and biking experiences will help to shape Cincinnati’s cycle culture for the better, making riding a bike in Cincinnati safer and more mainstream.

picture: Bike and Mobility Center at Central Riverfront Park, provided

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Business Development News

First Elements of Cincinnati’s New $120M Central Riverfront Park Coming Online

As mid-rise residential buildings rise from the ground nearby at The Banks, the Cincinnati Riverfront Park (CRP) is making significant progress of its own. Phase 1 of the $120 million, 45-acre park is now just one year away from completion and the first elements of the park are becoming recognizable.

Crews have completed the installation of twenty, 300-foot geothermal wells that will heat and cool several facilities within CRP’s first phase. At the same time construction workers are finishing work on the realigned Mehring Way which will free up direct riverfront space, create a more user-friendly street for all modes of transportation, incorporate space for the Ohio River Trail, and maintain the roadway’s necessary specifications for hazardous materials transportation.

In this fall 2010 update, Project Manager Dave Prather also discusses how meticulous the project team has been in their selection of materials including the granite which will be prominently used throughout this first phase.

The Head House that connects the underground parking garage to the park is the first feature of the Cincinnati Riverfront Park to be completed.  The next elements to come online will be the Schmidlapp Stage & Event Lawn in May 2011 with the Moerlein Lager House following shortly thereafter. Project officials expect the Walnut Street Fountain & Steps and Bike, Mobility & Visitors Center in late summer 2011.  The remaining features of Phase 1 will be completed next fall.

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Development News Politics Transportation

Hidden Assets of Fort Washington Way Saving Taxpayers Millions of Dollars

Each Wednesday in July, UrbanCincy is highlighting Fort Washington Way (FWW), the I-71/US-50 trench bisecting the Cincinnati riverfront from its downtown. Part-one of the series discussed what the area looked like prior to reconstruction a decade ago, and how that reconstruction made way for the development along Cincinnati’s central riverfront. This week’s piece will discuss some of the unseen assets included in the project that continue to benefit Cincinnatians in a variety of ways today, and will continue to do so well into the future.

Those who enjoy spending their summer evenings at Great American Ball Park to watch our first-place Reds, or our defending AFC North Champion Bengals, have probably seen the stairway entrances to the Riverfront Transit Center. Below Second Street, along the southern portion of FWW, lies an underground multi-modal transit facility. Demonstrating a tremendous amount of foresight, engineers constructed a transit center reportedly capable of moving 500 buses into and out of the heart of downtown in an hour.  This is in addition to Second Street which is designed to also accommodate light rail and streetcars at street level while the underground portion is capable of accommodating light rail, commuter rail, and buses.  And all of this was designed with future transit connections to Northern Kentucky via the Taylor Southgate Bridge, and Cincinnati’s eastern and western suburbs via Riverside Drive and Longworth Hall respectively.

As The Banks development continues its exciting march toward completion, its visitors along with those frequenting Great American Ball Park, the National Underground Railroad Freedom Center, and Paul Brown Stadium will use the anticipatory infrastructure available at the transit facility that could eventually be home to trains serving downtown on a regional light rail network – an inclusion that will eventually save taxpayers millions of dollars once light rail begins to serve Cincinnati central riverfront.

But the Riverfront Transit Center is not the only instance of transportation foresight included with the FWW redesign ten years ago. The roadways that span FWW at Main and Walnut streets were both built to withstand the weight or rail transportation. Furthermore, the sidewalks on each of the roadways connecting Second and Third streets over FWW are some of the widest in the city. Knowing the untapped potential of the area that would later become The Banks development, engineers and city officials determined it prudent to build the spans to support pedestrian, vehicular, bus and rail transportation. Now, as the city builds the Cincinnati Streetcar, it can easily and seamlessly connect the central riverfront to the rest of downtown and beyond because the engineers planned for it a full ten years ago.

Another problem along Cincinnati’s central riverfront was the presence of combined sewer overflows (CSOs). The CSOs are the result of an outdated sewer and water pipe system that becomes overloaded during heavy rainfall events. The result is the combination of solid waste and water runoff into our natural waterways like the Ohio River and its tributaries. Due to the health and ecological concerns, the city and county are under a decree to fix the problem over the next decade or so.

Ten years ago, during the reconstruction of FWW, engineers knew that the problem needed to be addressed eventually, so they built storage tunnels along the trench below Third Street. These pipes act as de facto storage tanks when it rains, allowing runoff and raw sewage to stay in the pipes until it can be treated. From this foresight, the number of raw sewage spills in the immediate area has decreased from about 150 per year to around four or five – an achievement determined by ORSANCO to have provided “measurable water quality improvements to the Ohio River.”

Had the engineers not thought to include the transit center below Second Street, installed wide sidewalks for pedestrians, included the capability to safely transport a streetcar, and built water pipes that can withstand the rain, current and future taxpayers would be burdened with the cost of redoing something we constructed a mere decade ago. Building these features before the need arose ensured that the area is not in a constant state of construction. Furthermore, it allows development to proceed more quickly and without additional unnecessary costs.

Ignoring long-term needs is a foolish, dangerous, and potentially expensive way to run a city. While some city leaders of yesterday and today do indeed deserve criticism for a lack of long-term planning, we ought to give credit where credit is due. And the reconstruction of Fort Washington Way is one of those instances. The decisions made by city leaders over a decade ago have saved taxpayers tens of millions of dollars.

Next Wednesday’s segment will discuss how a project involving so many different interested parties could even be accomplished. In the final article, we will provide ideas for the future of the area, and seek feedback from our readers on what the city can do to make the area more inviting.

Categories
Development News

The Banks development team releases new website, renderings for $600M development

The progress being made at The Banks development along the Ohio River in downtown Cincinnati is palpable. Underground parking garages have been built to lift the development out of the 100-year flood plain and provide parking spaces for those living, working and visiting Cincinnati’s central riverfront. With that complete, the buildings that will house 300 apartments, retail and office space are now rising on the eastern portion of the site near Great American Ball Park.

The development team responsible for the $600 million private investment has now released a new website, updated renderings for Phase 1 of the project and has begun a branding and marketing campaign intended to “define and illustrate” what it will be like to live, work and play at The Banks. The new campaign focuses around a slogan of “It’s happening on the river” and includes a new logo in addition to the new website and marketing effort.

“I think after all these years, it’s hard for people to believe that things are finally happening at The Banks,” said Malloy Peterson, vice president of marketing at Carter. “This campaign, along with the ongoing construction now visible at the site, will help change that perception and start to build interest among the community that The Banks is really taking shape.”

The updated renderings illustrate the large sidewalks that will accommodate the many visitors and residents of the mixed-use development. The mid- and high-rise structures will include street-level retail that has apartments with balconies or office space on the upper floors.

Residential development above street-level retail spaces looking east along Freedom Way towards Great American Ball Park [TOP]. Corner retail development at 2nd & Main streets [BOTTOM]. All images provided by Carter and The Dawson Company.

“Throughout all aspects of this project, we’ve been steadfast in delivering a development that creates excitement and interest throughout Greater Cincinnati,” said Harold A. Dawson, Jr., president and chief executive officer for The Dawson Company. “With a grand opening a year away, this new campaign brings to life our team’s vision of The Banks.”

Those interested in living at one of the 300 apartments in Phase 1 of The Banks can now contact Kristi Fickert from Village Green Management at (888) 371-7241 or by email at liveatthebanks@villagegreen.com.

Both the private and public portions of the overall development are currently on-schedule, and will see the underground parking garage to the east of the National Underground Railroad Freedom Center open this June 2010, with a grand opening of the private development portion scheduled for spring 2011. Once fully built-out, The Banks development will house more than 3,000 new residents and will be Cincinnati’s largest single, mixed-use development composed of residential, office, hotel and retail components.