TroyEros

When do you guys believe we will see an influx of hotels being developed in the OTR area? I'm assuming it won't be another 5 years at the very least..but then I have a hard time imagining where a hotel could even be built that could house a large development space for a Hotel (at least 15 stories tall) in the OTR area.

I truly see OTR becoming the next Indian Hill. A luxurious urban neighborhood for the Mega-Rich.

The thing with places like the French Quarter though is that the historic district is typically pretty small. You can typically walk around the whole historic district in a matter of 20-30 minutes. To do the same for OTR, it would take quite a few hours. My point is, the sheer size of OTR and it's collection of buildings has practically vanished from America. OTR is a massive historic district, not just a few blocks, that can not be seen in the span of 20-30 minutes. So just because of it's sheer size compared to most historic districts could be a huge draw for some touristis. Regarding entertainment districts, just walk along main street, and the sheer amount of bars and clubs that have popped up are staggering. From Japps to Neons, to all these new resturaunts and bars that are popping up left and right. Every Friday and Saturday Night these places are packed to the brim with young adults. And I only envision this growing to the point where OTR will have it's own distinct entertainment/night life district. Also I'll argue about the winter destination aspect as well. Decorate OTR from head to toe with christmas lights and decor and some light snow covering the ground, and the neighborhood would look straight out of Dickens a Christmas Carol. Again, it might be just me, but I see a huge future for OTR in regards to tourism. But I'm not sure if I want that either.

Interesting that they mentioned one of the potential routes they can take is to build on top of the structure...makes me wonder what kind of plans those entail...

General question for you guys regarding the future for Over the Rhine. What do you believe is OTR's future say 10-15 years from now? Personally, if the current trajectory is any indication that the current gentrification will only progress to the point where the core of OTR will be predominantly composed of young professionals, executives and CEO's. I know Bob Castellini mentioned a few days ago that he predicts OTR will feature Million dollar homes in the next 5-10 years and I think he may be right. Clearly the property value will only further increase, and the rehabilitation and revitalization of each historic block will only progress in the near future. With all that said, knowing where OTR future is heading, what would you like OTR to become? A world class tourist destination that rivals New Orleans Bourbon Street? Or a neighborhood community that has entertainment elements, but never goes full on Las Vegas with the neighborhood losing it's identity become commercialized left and right..Or would you perhaps like to see a mixture, a blend of sorts. Half neighborhood community, half commercialized tourist trap. Because if I know anything about locations when they start attracting tourists is that the destination begins to lose it's authentic feel, in place of gift shop after gift shop. Resturaunt after resturaunt. It doesn't become OTR, but rather a commercialized mall version of OTR. So it's difficult. A part of me wants OTR to bloom and become this world class destination that rivals the likes of New Orleans and Bourbon Street. But at the same time, I don't want the neighborhood and community to lose it's authenticity of small working class/businesses americana either. But you can't have one, without the other...

Projected completion is for Fall 2015.