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Business Development News

Cincinnati’s dramatic, multi-billion dollar riverfront revitalization nearly complete

[This op-ed was originally published on The Urbanophile on July 13, 2010.  Visit the original op-ed for more comments, thoughts and opinions on the matter of Cincinnati’s dramatic riverfront revitalization effort over the past two decades – Randy.]

Several decades ago Cincinnati leaders embarked on a plan to dramatically change the face of the city’s central riverfront. Aging industrial uses and a congested series of highway ramps was to be replaced by two new professional sports venues, six new city blocks of mixed-use development, a new museum, a central riverfront park, and parking garages that would lift the development out of the Ohio River’s 100-year flood plain.

Paul Brown Stadium, home of the Cincinnati Bengals, was one of the first pieces of the puzzle to fall into place. The $455 million football stadium kept the Bengals in Cincinnati and has received national praise for its architectural design while also entertaining sold-out crowds.

The next piece to fall into place was the reconstruction of Fort Washington Way which consolidated the stretch of highway and opened up land critical for the construction of yet another stadium and the mixed-use development which became known as The Banks. The 40% reduction in size was not the only accomplishment though. The reconstruction project also included the Riverfront Transit Center designed to one day house light rail connections and a sunken highway that could be capped with additional development or park space.

Following the reconstruction of Fort Washington Way, Riverfront Stadium was then partially demolished to make room for the construction of the $290 million Great American Ball Park. Once complete, Great American Ball Park began entertaining baseball fans at 81 home games each year and at a new Reds Hall of Fame & Museum. The new venue eliminated any need for Riverfront Stadium and thus led to its implosion in 2002.

The removal of Riverfront Stadium then freed up room for the construction of the National Underground Railroad Freedom Center atop the first piece of a two-deck parking garage intended to both lift the new riverfront development out of the flood plain, and provide enough automobile parking to replace what was previously there in the form of surface lots and satisfy new parking demands created by the development.

The most recent piece of the puzzle has been the development of the initial phases of both the Cincinnati Riverfront Park and The Banks. The two separate projects are developing in complimentary fashion and are on similar time tables, and are both developing east to west from Great American Ball Park to Paul Brown Stadium. Recent news will add a modern streetcar line running through The Banks development that will transport people from the transformed riverfront into the Central Business District, Over-the-Rhine and beyond to Uptown.

The 45-acre, $120 million Cincinnati Riverfront Park is expected to become the crown jewel of an already nationally acclaimed Cincinnati Park System. The Banks meanwhile will bring thousands of new residents, workers and visitors to Cincinnati’s center city. The initial phase of both projects is expected to be complete in spring 2011 and will include 300 new residences, 80,000 square feet of retail space, Moerlein Lager House, Commuter Bike Facility, additional components of the two-deck parking garage, and the first elements of the park.

The transformation of Cincinnati’s central riverfront from aging industrial space to a vibrant mixed-use extension of downtown is not complete, but the two-decade old, $3 billion vision is finally nearing reality. And with full completion expected in the coming years, one of the remaining traces of Cincinnati’s industrial past will be replaced by a new vision for a 21st Century city and economy.

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Business Development News Politics

CPA to host seminar on historic building receivership – 8/7

The Cincinnati Preservation Association (CPA) will be hosting a seminar on historic building receivership Saturday, August 7 in Camp Washington. The executive director of the Camp Washington Community Board will be in attendance to discuss that neighborhood’s approach to saving, renovating, and reselling buildings that might have otherwise been lost due to neglect.

Originally settled in 1846, Camp Washington is one of Cincinnati’s many historic neighborhoods. Over time the neighborhood has seen dramatic changes with the introduction of Interstate-75 in the mid-twentieth century. Since that time the community has dealt with a neighborhood street grid detached from its surrounding neighbors while also trying to adjust to changing demographics that led to disinvestment, and back to popularity today.

The issues faced by the historic Camp Washington neighborhood are similar to what many inner-city neighborhoods faced during the second half of the 20th century. Its urban revival is a narrative that is also ringing true with others, but the neighborhood’s historic preservation success is an element CPA believes can help other neighborhoods around the region.

CPA’s Saving Buildings With Receivership seminar will take place from 10am to 1pm on Saturday, August 7 at 2951 Sidney Avenue. The seminar will include a tour of a current receivership project underway in Camp Washington. Reservations are required due to limited space. Those interested can register for $5 by contacting CPA at (513) 721-4506 or info@cincinnatipreservation.org.  You can also RSVP for the event on Facebook.

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Development News Politics

Fort Washington Way caps to provide valuable real estate

Each Wednesday in July, UrbanCincy has highlighted Fort Washington Way (FWW), the I-71/US-50 trench bisecting the Cincinnati’s central riverfront from its central business district. 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. Part two discussed some of the unseen assets included in the project that are saving taxpayers millions of dollars. Last week’s article highlighted even more of the unique features that contributing many societal benefits to the region. To conclude the series, this week will feature ideas for future development around Fort Washington Way.

When the stretch of highway was redesigned a decade ago, the better design allowed for several acres of space to be reclaimed for uses that are more productive than a highway. The National Underground Railroad Freedom Center was located on land that was once a highway, as are portions of The Banks development which is currently under construction. Plans for the second phase of The Banks also will make use of the reclaimed land from the redesign. The Banks, bookended by our major league stadia and highlighted by the Freedom Center, is a development project that will fundamentally transform this city’s urban core. It was only made possible through redesigning the stretch of highway and reclaiming under-utilized land on Cincinnati’s urban riverfront.

When the Federal government chose to build I-71 through downtown Cincinnati, they chose to do so in an area that already had a major roadway on it. As a result, local authorities were allowed to maintain the rights to the space directly above the federal highway. Generally, when the Federal government builds highways, they maintain the air rights so that they can better control the factors that impact the highway’s utility. In this case, Cincinnati’s ability to maintain control over these rights ensures that the area can be used to its maximum local utility.

To maximize the utility of the space, officials could choose to install 600 feet-long caps over the highway. As has been discussed previously in this series, the reconstruction of Fort Washington Way ten years ago included building infrastructure necessary to support such caps. Structurally, these caps could support several feet of dirt, allowing the city to create a fascinating, unique pocket park in the heart of downtown Cincinnati. Nearby residents would benefit greatly from a place to walk their dogs. Having the retail, office, and residential space at the Banks surrounded by green space on the south with the new riverfront park and on the north with a park above the highway could provide a stunning and dramatic space.

However, some view more park space in that location as unnecessary, and that the real estate in that particular location is too valuable to be planted over. As a result, it is likely in the city’s best interest to explore options that would generate tax revenue. According to engineers responsible for the project, the caps could be built in such as way so that developers would not be restricted with the building materials they use. However, as the height of a building increases, so too does the building’s weight. As a result, buildings on the caps would likely be limited to about four stories in height.

With that particular height, the new development would provide an aesthetic feature that would visually link The Banks to the rest of the central business district. When the first phase of The Banks is complete, portions of mixed-use development will rise six stories above Second Street. Directly to the north of this area sits the trench of Fort Washington Way, followed immediately by highrises like the E.W. Scripps Tower and Cincinnati Enquirer Building. Developers could opt for a design on the caps that would have first floor restaurant or retail options, with offices or residents above.

One of the worst features of the old Fort Washington Way that the new design did not completely fix is that the highway bisects downtown from the Ohio River. Capping the highway and building several-story, mixed-use buildings on it would go a long way to rectifying that disconnect. Because of the required space between the current bridges over the highway and the caps, entrances to these buildings would have to be from Second or Third Street. This particular design would allow comfortable transition north and south between the waterfront and downtown, but would also keep pedestrians moving east and west in the city.

A task force of engineers recently convened to study the feasibility of building and installing these caps. Their task not only includes determining the exact structural capabilities, but also projected costs. Armed with this information, city officials and developers could begin discussions shortly. Should the city push for a unique park over the highway? Or would you rather see a the area built with multi-use buildings?

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Development News Transportation

UC planning students create redevelopment plan for Dantas Barreto Corridor in Recife, Brazil

In an effort to prepare for the 2014 World Cup, Recife, Brazil is looking to redevelop its historic Dantas Barreto Corridor into a tourist-friendly, walkable, and culturally significant area. To accomplish this Recife city officials have looked to students from the University of Cincinnati’s nationally-acclaimed School of Planning.

After spending months in the port city in 2009, 13 students and faculty developed a detailed plan that would serve as a guide to redevelop the corridor. As preparation efforts ramp up, city officials now appear poised to formally adopt the UC redevelopment plan.

“There is a move by the city to officially adopt the UC plan, and the city and UC are now in negotiations with the hope that the UC School of Planning can continue in an advising role as the plan is adopted and them implemented,” said Michael Romanos, Professor of Planning, University of Cincinnati.

The redevelopment plan calls for burial of utilities, business improvement loans, community policing strategies complimented by two small police stations, pedestrian cultural tours, establishment of a small business incubator, galleries to show and sell work of local artists, “major” reconfiguration of traffic along the waterfront, streetscape improvements, composting and recycling programs, streets trees, green roofs, and entrepreneurship training among other things.

The improvements are geared towards improving the traffic and parking conditions, enhancing the cultural heritage, enhancing and diversifying business activities, and increasing residential development in the corridor.

Founded in the 1500s, Recife boasts a population of nearly four million residents and is facing many challenges as they prepare for the international sporting event four years from now. The work produced by University of Cincinnati students and faculty is being seen as a major benefit though as the city marches forward.

“The work with UC was one of the best collaborations we had in the past year,” said Milton Botler, Coordinator of Urban Planning, City of Recife. “The City hopes to receive Inter-American Bank funding to finance physical improvements of the Dantas Barreto Corridor between January 2011 and December 2012.”

Michael Romanos and Carla Chifos, Associate Professor of Planning, have led groups of student in international study and planning work in the past in other parts of the world including Thirasia, Greece where a team of students worked to develop a plan for the small Greek island as it manages tourism traffic on its largely uninhabited land.

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Development News

Newport’s Southshore condominium tower promises life, luxury, fantastic views

Newport saw the completion of its first high-rise tower when the 21-story SouthShore condominium tower began welcoming residents over a year ago. With much of the tower now occupied, UrbanCincy was invited to tour the dramatic riverfront building to see where it stands now.

The building soars 240 feet above Newport, overlooking the Daniel Carter Beard “Big Mac” Bridge and downtown Cincinnati. SouthShore’s 61 luxury condominium units range in size from 1br to a 5,000 square-foot penthouse that encompasses the entire 21st floor. Condominiums range from $395,000 to $3.3 million for the large penthouse unit.

One of the most unique features of the SouthShore tower is its front loaded design that allows each unit to face north toward the Ohio River and downtown Cincinnati – a common design approach in high-end, waterfront residential towers. The building was intentionally designed with all of the mechanical features facing away from the river so that all the residents have stunning views of downtown, Mt. Adams and the river. Each unit also features a terrace, which range in size from a modest sitting area to an enormous 3,000 square-foot outdoor terrace for the penthouse.

With potential flooding being a concern for the structure, architects designed the building to be integrated right into the levee. The first four floors of the structure is a parking garage for residents and visitors, which feature two sets of floodwalls. If the City of Newport must shut their floodwall to protect the city from rising waters, residents at SouthShore can still exit from the complex’s private floodgate. The building then narrows as it rises from the garage, creating ample rooftop deck space for a swimming pool with fountains and a hot tub, an 1,800 square-foot fitness center, putting green, walking trails, gardens, and a two-level clubhouse for residents.

On the ground level, many of the residents use a secure storage area for their bicycles and segways. The building management is also looking to purchase two segways for residents to use at their leisure.  Many residents walk to Kroger in Newport, spend time at Newport on the Levee, or walk or bike into other parts of Cincinnati. It is just a ten minute walk from SouthShore to The Banks development on the other side of the river. Realtors from Sibcy Cline also speak highly of the building’s soundproofing which allows residents to enjoy peace and quiet despite sharing walls with their neighbors.

Capital Investment Group, the project’s developer, has plans to build a similar tower next door to SouthShore called The Marina. This residential tower is planned to feature many of the same amenities with the addition of private dock space for homeowners in the new 100-slip marina approved by the US Army Corps of Engineers early in 2009.

Those interested in obtaining more information about condominiums at SouthShore can contact Christine Schoonover with Sibcy Cline at (859) 431-8000 or CSchoonover@sibcycline.com. When you speak with her, mention that you read about the condos on UrbanCincy.