October 24, 201212 yr I wonder if the HP Kroger is considering moving into a new store at Oakley Station. That's an interesting thought, though I suspect it's not Hyde Park-adjacent enough for them. I have to think that Remke would be interested in moving, though. That would put them right off of the expressway and no longer at the forgotten end of the Hyde Park Kroger's plaza. They have the one off of Ridge already on the other side of 71 from OC, it would be interesting to see if they would like to consolidate them into one. Didn't even know about that one!
October 24, 201212 yr The Garfield Suites Hotel in Downtown Cincinnati is currently under contract for sale. https://www.cbremarketplace.com/listings/8156/default.aspx Some interesting tidbits from the listing: Solid Top Line Performance. Being operated as an independent property, the Garfield Suites Hotel has historically performed well around the 80 percent level in occupancy while achieving ADR just under $100. With the property's competitive set performing an ADR around $125, the potential exists to uplift the Garfield Suites Hotel's ADR after completion of a renovation. Continued Operations as an Independent Hotel. A new buyer has the potential to minimize renovation costs by continued operations as an independent versus a franchise-affiliated property, which may result in greater costs due to brand standard compliancy. Furthermore, a value enhancement strategy exists to convert the hotel's penthouse units to either apartments or condominiums given the asset's excellent downtown location. However, this strategy may not be brand compliant, and therefore only applicable to operations an independent hotel. Branding Opportunities. The Garfield Suites has the potential to be rebranded into a well-known franchise brand. A transfer PIP to rebrand to a Homewood Suites is available on the due diligence website. Staybridge Suites by IHG is also a possibility for branding. Wyndham has completed a PIP for a Hawthorn Suites.
October 24, 201212 yr Cross posted from the Cincinnati Economic News thread: Hilton Cincinnati Netherland Plaza getting $10M upgrade Business Courier by Dan Monk, Senior Staff Reporter Date: Wednesday, October 17, 2012, 2:44pm EDT - Last Modified: Wednesday, October 17, 2012, 4:39pm EDT The Hilton Cincinnati Netherland Plaza joined a growing list of downtown hotels in line for face lifts. A $10 million renovation began about a month ago and is slated for completion by next year. “The market requires it,” said Alex Warm, co-owner of Belvedere Corp., which acquired the hotel along with the rest of the Carew Tower complex in 1990. “The Hyatt is doing it. The Westin just did it. It’s time. The stuff we have is in need of freshening.” http://www.bizjournals.com/cincinnati/news/2012/10/17/hilton-cincinnati-netherland-plaza.html Read more: http://www.urbanohio.com/forum2/index.php/topic,3374.595.html#ixzz2AG8qVs00
October 31, 201212 yr Interesting comment in this vid about the Clifton IGA. Goessling says he's interested in a downtown supermarket.
November 2, 201212 yr Maybe interested in seeing someoe ELSE opening a market. I've been told this whole hold up has been he's broke and is bleeding money at 1 of his 3 stores. He's actually shutting that one down now and moving all his old equipment to Clifton because he can't get financing to open the Clifton market. No way he opens a downtown grocery. I'm sure the Clifton one will succeed because the community is very supportive, but no new store for him.
November 2, 201212 yr ^ Well, whatever...but yesterday, like so many other expectant onlookers, I peered through the IGA windows. Same as it ever was--ain't nothing happening. :cry:
November 2, 201212 yr Neighbors, You may have heard the news recently that Cincinnati City Council approved a tax abatement for renovations at Goessling’s market, this is a significant contribution from the City to this project, and helps clear the path for the project to move forward. I know a large number of you have been in close contact with the City Leadership and Economic Development department, I urge you all to reach out to them and thank them for their actions and ongoing support in helping the Goessling’s develop the funding package needed for this project. Additionally, Steve and I spoke again today regarding the status of the start of construction. He expects to begin the most urgent work – the roof repairs – within the next week, weather permitting. Steve has also advised that the various permit applications for construction have been submitted to the City by Reece Campbell and that Reece has assured him that construction on the project will begin as soon as those permits are in hand. Steve also plans to have a crew at the store this week to update the info in the windows and perform general cleanup in and around the store. Keep your eyes open for activity on the building as the days progress, we’re getting much closer to an opening day for our neighborhood grocery store. As updates come in, we’ll pass them along to the community. Thanks to all of you for your ongoing support, Pete Schneider President, Clifton Town Meeting
November 2, 201212 yr This again illustrates the stupidity of having an essential service -- food -- at the whims of the "market". I've suggested elsewhere that the city (and other cities) should contract out neighborhood supermarkets to avoid food deserts.
November 2, 201212 yr Maybe interested in seeing someoe ELSE opening a market. I've been told this whole hold up has been he's broke and is bleeding money at 1 of his 3 stores. He's actually shutting that one down now and moving all his old equipment to Clifton because he can't get financing to open the Clifton market. No way he opens a downtown grocery. I'm sure the Clifton one will succeed because the community is very supportive, but no new store for him. I heard he was just moving offices to the Clifton location.
November 3, 201212 yr This again illustrates the stupidity of having an essential service -- food -- at the whims of the "market". I've suggested elsewhere that the city (and other cities) should contract out neighborhood supermarkets to avoid food deserts. A bit commie, aren't we. >:D
November 15, 201212 yr Hyatt’s $20M renovation to add rooms, overhaul entire hotel Business Courier by Tom Demeropolis, Digital Producer Date: Thursday, November 15, 2012, 7:47am EST - Last Modified: Thursday, November 15, 2012, 7:57am EST Hyatt Regency Cincinnati will undergo a $20 million renovation that will update every aspect of the downtown hotel. “These improvements will maintain our competitive edge as a premier hotel for upscale business travelers in the state and in the mid-west,” General Manager Bruce Flyer said in a news release. “We are eager to debut our contemporary new look to both first-time visitors and loyal repeat guests, who will find the same level of service that they have come to expect from Hyatt Regency Cincinnati.” http://www.bizjournals.com/cincinnati/news/2012/11/15/hyatts-20m-renovation-to-add-rooms.html
November 15, 201212 yr >A bit commie, aren't we The US military runs its own army of grocery stores on bases. If they didn't have the stores on base, the incentive to live off base would be even greater. Bam.
November 18, 201212 yr I have heard that, while not announced & maybe not finalized, Bloomfield/Schon won the CPS bid for Kirby Rd school in idyllic Northside.
November 18, 201212 yr I so hope that's true!!! For those who dont know, Bloomfield/Schon did the American Can Lofts, Ford Factory off i71 and the condo building in Hyde Park at Shaw & Erie.
November 20, 201212 yr more on the school auctions http://news.cincinnati.com/article/20121120/NEWS0102/311200057/Look-housing-from-old-schools?odyssey=tab|topnews|text|
November 20, 201212 yr Um, how did the school board come to own an undeveloped parcel on Paradrome St.?
November 20, 201212 yr I quote: At the NCC {Northside Community Council} meeting last night {11/19} , it was announced that Milhaus Development will be the developer of the Myron Johnson lot in front of the American Can Building {in Northside}. http://www.milhausdevelopment.com/pages/home
November 20, 201212 yr Um, how did the school board come to own an undeveloped parcel on Paradrome St.? People sometimes leave land to the local school district in their wills. There's a 30 acre plot just south of Rickenbacker like that. The guy who left it hoped that they would build schools there, but the land is right on the edge of the district in a sparsely populated area.
November 20, 201212 yr Another Indy firm.... Better watch out Cincy. the Indy development scene isn't exactly something to aspire to product wise.
November 21, 201212 yr At the very least a DC firm is getting on this... When are the Chicago firms going to start creeping in?
November 21, 201212 yr I quote: At the NCC {Northside Community Council} meeting last night {11/19} , it was announced that Milhaus Development will be the developer of the Myron Johnson lot in front of the American Can Building {in Northside}. http://www.milhausdevelopment.com/pages/home This is GREAT that its been announced and is official. What I have heard is that Milhaus has been interested in expanding out of Indy and was looking at Cincy, Columbus or Louisville. They DO NOT want to do one project in a city. They want to do many units at various sites in the City they choose. Looks like they settled on Cincinnati. I've been told by a friend that the City is shopping other potential locations to them including areas in Walnut Hills, college hill and downtown. Also, I think it will give Towne Properties a run for their money. They are currently the biggest apartment owner in town and get a blank check from the City on anything they want and their product has been getting crappier and crappier. More competition = better experience for consumer. WELCOME MILHAUS
November 21, 201212 yr Another Indy firm.... Better watch out Cincy. the Indy development scene isn't exactly something to aspire to product wise. Chicago - or, I should say, the Chicago branch of Michaels, is about to start work on a significant mixed housing project in Fairmount. The firm I work for (WRT out of Philadelphia) is also involved doing master planning/architectural work.
November 21, 201212 yr ^ wow. Interesting choice. The Fairmounts are in a bad place right now. Where is this project?
November 26, 201212 yr Interesting news regarding the Macy's store downtown http://www.bizjournals.com/cincinnati/news/2012/11/26/developers-look-to-keep-macys-store.html?page=all
November 26, 201212 yr Chicago - or, I should say, the Chicago branch of Michaels, is about to start work on a significant mixed housing project in Fairmount. The firm I work for (WRT out of Philadelphia) is also involved doing master planning/architectural work. Glad to see big city infill design involved, hopefully it will raise the bar. Sadly though I have a weird feeling that this has something to do with the replacement neighborhood that's going to be put in place after the MSD sewer project is done, which would effectively destroy much of what's left of Fairmont.... a real shame :(.
November 26, 201212 yr Interesting news regarding the Macy's store downtown http://www.bizjournals.com/cincinnati/news/2012/11/26/developers-look-to-keep-macys-store.html?page=all Discussion on that topic can be found here: Cincinnati: Downtown - Fountain Square West "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
December 14, 201212 yr Inside look at The Cincinnatian’s swanky, renovated rooms The Cincinnatian Hotel is spending $5 million to renovate 90 of its rooms, General Manager Martin Pittman said. http://www.bizjournals.com/cincinnati/news/2012/12/14/inside-look-at-the-cincinnatians.html?ana=e_du_pub&s=article_du&ed=2012-12-14
December 16, 201212 yr Not sure where to stick this, but the Enquirer is reporting that the developers behind the Reserve at Fourth and Race are so pleased with the success of their project that they're considering redeveloping the Ingalls Building into residential, as well: http://news.cincinnati.com/article/20121216/BIZ/312160066&Ref=AR Louisville-based Arcadia Communities, developer of the Reserve, had such a good experience that president Brian Durbin is now considering the possibilities at the Ingalls Building at Fourth and Vine, largely vacant except for the Bruegger’s bagel shop at street level. “We’re definitely looking to see if there’s other opportunities,” Durbin said. “We’ve kind of kept our eye on (the Ingalls Building). It’s right down the street from us, and it’s a tremendous location.” As someone who lives downtown, this is gratifying. The more people around, the more amenities there will be downtown (and it's already a pretty nice place to live). Pretty soon you would think that a grocery store could be sustainable (a Trader Joe's would be terrific). I do hope that office vacancy rates improve, though. Maybe dunnhumby's expansion will help with that. Also, does anyone know when Kao USA is moving downtown, or has that already happened?
December 16, 201212 yr Does anyone know what's being built at Paxton and Wasson in Hyde Park (actually Paxton and the railroad tracks)? Its footprint is pretty sizable, and replaces this building: http://goo.gl/maps/m8SdR
December 18, 201212 yr I believe whatever it is has signed a lease with Norfolk-Southern and will be building a parking lot over the tracks. Federal law prevents them from buying the parcel from the railroad, however, so it does not affect plans for Wasson Way.
December 18, 201212 yr It looks to me like they have a lot of space behind it for parking, much like the old building, only the drive will be on the south side rather than against the railroad tracks.
December 19, 201212 yr City leads region in new home permits for 2012 http://www.wcpo.com/dpp/news/local_news/Cincinnati-leads-in-region-for-new-home-permits-this-year "A total of 550 single-family housing permits were issued in the city of Cincinnati through November, leading all other jurisdictions in Hamilton County, as well as Butler, Clermont and Warren counties. Union Township in Clermont County was the next highest, with 241 single-family permits, followed by Liberty Township in Butler County with 134 and Warren County’s Clearcreek Township with 120." Awesome news.
December 21, 201212 yr [Dont know where to post this] Liberty Street road diet and bicycle lanes moves forward: http://www.building-cincinnati.com/2012/12/liberty-street-road-diet-other-changes.html "A City Council motion sponsored by Vice Mayor Roxanne Qualls, adopted unanimously at Council's December 14 meeting, says that the implementation would "renovate streets in the Brewery District into multi-modal corridors that enable the creation of vibrant public places and that encourage the development of private property into a mixed-use, sustainable neighborhood.""
December 22, 201212 yr Is there a breakdown of what neighborhoods had permits issued? No- but I've heard Bond Hill (Villages at Daybreak) and Northside (Virginia place) are a lot of it. Also apparently there's a decent amount of Hyde park & mt lookout tear down & rebuilds, and finally, OTR condos count as single family housing units (apartments obviously don't count).
December 22, 201212 yr A lot of news here for a lot of topics, so I'll just stick it in here: The Ohio Development Services Agency approved Historic Preservation Tax Credit awards for a number of properties in Cincinnati, including: 308-316 Main Street 521-523 E. 12th Street 961-975 E. McMillan (already posted in another thread) Abington Flats (33 Green St, near Findlay Market in OTR) Eden Park Pump Station (Brewery Project) And a couple of projects in Pendleton. http://development.ohio.gov/files/media/pressrelease/12.20.12%20-%20Release%20-%20The%20Ohio%20Development%20Services%20Agency%20Announces%20Round%209%20Ohio%20Historic%20Preservation%20Tax%20Credit%20Awards.pdf
January 11, 201312 yr http://www.bizjournals.com/cincinnati/morning_call/2013/01/brooks-brothers-closing-downtown.html Brooks Borthers closing downtown sore. With stores at the airport, kenwood, and outlet mall it was hard to imagine this would stay open for long. Sad to see but hopefully another retailer goes in soon.
January 11, 201312 yr The Brooks Brothers at the airport has been closed for about 2 years now. The location is now a massage place.
January 11, 201312 yr It might be closed, but not for 2 years. I just bought something from their store in October.
January 25, 201312 yr Anyone know of any plans for this? Seems like a slam dunk for residential! Downtown Cincinnati historic Ingalls Building sold Jon Newberry Staff Reporter- Business Courier The Ingalls Building in downtown Cincinnati, the world’s first reinforced-concrete skyscraper when it was built in 1903, has sold for $1.45 million. The 15-story, 75,000-square-foot office building is on the northeast corner of Fourth and Vine streets. It last sold for about $2 million in 2000, according to the Hamilton County auditor’s online records. http://www.bizjournals.com/cincinnati/news/2013/01/25/downtowns-historic-ingalls-building.html
January 25, 201312 yr There was an article in the Enquirer not long ago that said the developer of the Federal Reserve building was looking to convert the Ingall's building to residential as well. This could be great news!
January 25, 201312 yr ^Here is the post: http://www.urbanohio.com/forum2/index.php/topic,333.msg654792.html#msg654792 (Enquirer link is dead) "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
January 25, 201312 yr Great to hear. I'm assuming that this is the deal the Federal Reserve Building people were talking about. This building will make for a great residential building. Spreading the residential throughout downtown. Exciting times.
January 26, 201312 yr I dunno. The article describes the buyer as a "national investor". Pretty vague and I feel like the Fed Reserve guys would be less hush hush.
July 11, 201311 yr This has been up for about a week now, but check it out. The article is called: Cincinnati To Grow Taller in the Coming Years http://www.urbancincy.com/category/development/ Click on the pic to enlarge. I'm a bit disappointed with what they think the apartments above Macy's would look like, without any rendering they would have no idea, but I would think it would be higher, not wider. Again... it's just guess work.
July 17, 201311 yr Northside project aims for 'urban, gritty feel' um... ok Does Northside need any more restaurants? "About 100 apartments and up to four restaurant spaces are planned for the corner of Hamilton Avenue and Blue Rock Street, a 2.4-acre site that was long home to the Myron Johnson lumberyard. Milhaus Development plans to start the 15-month construction process in April." Article & renderings: http://news.cincinnati.com/article/20130717/BIZ01/307170014/New-choices-Northside-renters
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