February 7, 201213 yr The $750 figure seems wrong. Looking at the site mentioned, it says 1BR units start at $850. That's probably the price of the 650 sq. ft. unit. 7 out of 9 1BR units are more than 800 sq. ft. and I'm guessing they are renting for more than $1000/month. And yes, I think that's appropriate - even cheap. I paid $14 for two goose island draft beers last weekend in Chicago.
February 7, 201213 yr I'm not saying its "expensive" but it's foolish to compare market prices in Cincinnati to Market prices in Chicago or New York. Micro-markets set their own prices that lead to different pay, costs, value. Etc. More importantly- $850 with parking for a 1 Br in downtown is a good price for the quality that this place will offer.
February 7, 201213 yr Very reasonable price indeed, especially given the location. Heck, I currently pay $1,200/month for a studio apartment in Midtown Atlanta and I don't get a parking space or any amenities other than a small fitness center.
February 7, 201213 yr I'm not saying its "expensive" but it's foolish to compare market prices in Cincinnati to Market prices in Chicago or New York. Micro-markets set their own prices that lead to different pay, costs, value. Etc. More importantly- $850 with parking for a 1 Br in downtown is a good price for the quality that this place will offer. I don't think it's foolish. I consider it interesting.
May 13, 201213 yr Historic Reserve building gets makeover 7:32 PM, May. 11, 2012 Written by Laura Baverman DOWNTOWN — A half-century ago, bankers gathered in the 14th-story gentleman’s lounge of 105 W. 4th Street, a room of dark oak walls embossed with Renaissance-era columns and a 28-foot ceiling lined in an ornate gold frieze of angels. It was a special space within the neo-Classical structure overlooking Cincinnati’s riverfront and the bustling Fourth Street financial district. Developers built the 15-story tower in 1927 to house the Cincinnati Chamber of Commerce, but a later tenant, the Federal Reserve Bank of Cleveland, left a bigger legacy. http://news.cincinnati.com/article/20120513/BIZ/305130012/Historic-Reserve-building-gets-makeover?odyssey=mod|newswell|text|FRONTPAGE|s
May 13, 201213 yr Great write up! Very exciting! Any bets on how quickly these go? I'm going with 75% leased in 3 weeks, 100% leased in 7 weeks.
May 13, 201213 yr Great write up! Very exciting! Any bets on how quickly these go? I'm going with 70% leased in 4 weeks, 100% leased in 8 weeks. Yes, but where are the pictures? The omission is pathetic!
May 14, 201213 yr Great write up! Very exciting! Any bets on how quickly these go? I'm going with 70% leased in 4 weeks, 100% leased in 8 weeks. Yes, but where are the pictures? The omission is pathetic! They are in a separate link and look awesome: http://news.cincinnati.com/apps/pbcs.dll/gallery?NoCache=1&Avis=AB&Dato=20120511&Kategori=BIZ01&Lopenr=205110802&Ref=PH&Params=Itemnr=1
May 14, 201213 yr Great write up! Very exciting! Any bets on how quickly these go? I'm going with 70% leased in 4 weeks, 100% leased in 8 weeks. Yes, but where are the pictures? The omission is pathetic! They are in a separate link and look awesome: http://news.cincinnati.com/apps/pbcs.dll/gallery?NoCache=1&Avis=AB&Dato=20120511&Kategori=BIZ01&Lopenr=205110802&Ref=PH&Params=Itemnr=1 Thanks.
May 14, 201213 yr What happens if/when a building is built directly south of the Federal Reserve in that large, empty surface parking lot at Third and Race? Any potential tower taller than, say, 10 floors would start blocking riverfront views. That empty lot is one of the most hideous in downtown (even the four or five old brownstones next to the Enquirer building are in deplorable condition) and I would hope it would eventually be in line for development. Hopefully the Federal Reserve tenants wouldn't oppose something there.
May 14, 201213 yr That lot used to be (early to mid 90s) planned for the taller big brother to the enquirer building, about 10-15 more floors with an identical architectural style. The developer's option expired years ago, I believe it was Duke Realty.
May 14, 201213 yr I'm sure the tenants would oppose something. If you were paying a premium for a view wouldn't you want to keep it? What likely will happen is the rent premium the owner is charging to the river view units would go down. That's how the market would solve it. At the same time- that lot is not very large, and knowing the way buildings are built in this market, that site will probably at most be a 6-8 story building. Just my opinion based on local developers, other buildings, etc.
August 11, 201212 yr Apparently people have been moving in for the last 2 weeks. Anyone know anything? Quality? Finishes?
August 12, 201212 yr Here are photos from its facebook page: https://www.facebook.com/pages/The-Reserve-at-4th-and-Race/236435289772425?sk=photos
November 9, 201212 yr Earlier this week I was wondering if this was completely done yet. Go figure I found this article this morning. Ribbon cutting was yesterday. http://www.wlwt.com/news/local-news/cincinnati/New-apartments-open-at-former-downtown-office-building/-/13549970/17329160/-/9f74slz/-/index.html
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