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Greiwe’s luxury condos selling faster than anticipated

 

livingoodparkrendering*750xx1225-689-0-13.jpg

 

The final phase of a luxury condominium development in Mariemont is selling faster than expected.

 

Livingood Park, the fourth and final phase of Greiwe Development Group’s Mariemont Village Square, is an 18-unit condo development. With the building topping out on April 6, 10 of the 18 units have been pre-purchased.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/04/07/greiwe-s-luxury-condos-selling-faster-than.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Good. Move those things off the market, along with 2770 Observatory, and redirect that equity into development Downtown.

  • 2 weeks later...

Has anyone heard of any project going on in Columbia Tusculum on the NW Corner of Columbia Parkway and Hoge Street, reaching all the way up to Handman Ave?  Reason I ask is that a repair shop was just demolished and it looks like the corner building, some sort of green store is closed now.  Behind all of this along Hoge Street when I walked by I noticed it looked as though they are backfilling in that little valley there and they have taken down all the trees.  There is also a new, large PVC pipe petruding out of the ground where the repair shop once was.  To me it almost looks like the large site is being readied for a large development of some sort, looking like it is on par to be as large as the recently completed Delta Flats if not larger.

 

Here is the general area on Google Maps:

 

https://www.google.com/maps/place/Cincinnati,+OH/@39.1171028,-84.4386577,193m/data=!3m1!1e3!4m2!3m1!1s0x884051b1de3821f9:0x69fb7e8be4c09317!6m1!1e1

 

Quickly drove by here the other day and noticed they are staging a lot of machinery and equipment on the now empty lot where the service station used to sit.  I will check it out today to see if I can catch a glimpse of what's going on.

I hope something fairly substantial goes there.  If that site and the other remaining out-lot of the hideous strip mall can be developed, it will really help the CT business district feel more cohesive.

Great to see more new investment, not too keen on the garage entrance though.

 

Towne Properties plans new Downtown condos

Bowdeya Tweh, [email protected] 1:28 p.m. EDT April 19, 2016

 

One of the largest Cincinnati-based real estate development companies is targeting Court Street to add to its Downtown residential portfolio.

 

Mount Adams-based Towne Properties plans to renovate the former home of Bon Marche Department Store to create six condominiums.

 

http://www.cincinnati.com/story/money/2016/04/19/towne-properties-plans-new-downtown-condos/83224468/

Yeah, I am not certain why they couldn't simply make the garage entrance in the alley.

 

Definitely that area of court street needs a lot of love.  Good also to hear about the apartments going up across the street that article mentioned.

 

It seems also these buildings would not be as expensive to brush up as a lot of the buildings in OTR / Main Street Downtown, etc.

 

I sometimes worry if all the developers have already snatched up all the buildings and no one can get in on their own.

I really hope that a trend doesn't develop to cannibalize the first floor of buildings for parking. That will not add to street life at all, which is what makes urban living interesting in my opinion.

I'm not sure where to post this. Does anyone know what this building is? It's on the SE corner of 4th and Race and I see it everyday while exiting my apartment. The scaffolding has been up for months (presumably in the Dennison Hotel fashion). However, today there is a new construction rubbish chute on the backside with construction guys tooling around. Does anyone know what is going on? I love this building and I hope something good is happening with it.

I believe it was originally supposed to be a part of the McAlpin condo development but that phase never came to fruition. Hopefully that changes soon. Would be great to get such a good looking building back to life.

So, this building was city owned, but Councilmember Bortz made the city give it to the developer for cheap with no clawback if it didnt get developed.  Friends helping friends.  The city has been cracking down on them because of the deteriorating condition.  Allegedly, it may be sold soon for a development.  Fingers crossed.

If this, the TJ Maxx site and 4th/race all get new life back in them, that stretch of 4th will be much more active.

Does anyone know the plans for 305-309 sycamore? I saw today it sold to ANTAEUS INC.

 

 

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The 23 W Court St project has details in this packet (pages 73-108): http://www.cincinnati-oh.gov/buildings/historic-conservation/historic-conservation-board/april-18-2016-staff-report-materials-for-items-1-2-3-4-5/

 

Here's an article on the project from Enquirer: http://www.cincinnati.com/story/money/2016/04/19/towne-properties-plans-new-downtown-condos/83224468/

 

I'm a bit sad to see them put a garage door and curb cut on Court St, but overall this looks like a good project that will bring more activity to this block.

 

Here's the schematic showing why they felt they couldn't make the garage work with only access from Pendery Alley... but I look at it and feel like they could have made it work by centering the garage door on Pendery and moving the parking spaces all the way to the east wall (would require moving the support beams that run through the center of the building). In any case, I'm very glad to see this building get renovated.

 

rSQx1I-2yurM9umwXzwL9xn2xgnkSru-MrTbWdyBmAFEofMI560pMrpLH3mMeITqflrVvvj6pHzCbg=w1625-h783-no

I want one of those new Toyota "Camery's"!

What happened to the posts over the last few days in this thread?  My original post on the Court St. condos and several other comments are missing.

High-end condos planned for downtown Cincinnati

 

17e8thst*750xx1100-620-0-178.jpg

 

A real estate developer is planning to convert a building on East Eighth Street into high-end condominiums.

 

KRC Properties LLC purchased 17 E. Eighth St. from Navarro Photography LLC for $500,000. Randy Lasley, managing partner of KRC Properties, said he plans to turn the building into three residential condos.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/04/26/exclusive-high-end-condos-planned-for-downtown.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Does anyone know the plans for 305-309 sycamore? I saw today it sold to ANTAEUS INC.

 

 

Sent from my iPhone using Tapatalk

 

Looks like one of the registered agents is the owner of the Ichiban restaurant in Mt Lookout Square. So, maybe a new restaurant venture...

 

http://www.bizapedia.com/oh/ANTAEUS-INC.html

 

http://www.manta.com/c/mt4gpx3/ichiban-restaurant

 

https://www.dln.com/newcorporations/details/ref_index/59975

 

Yep: http://www.bizjournals.com/cincinnati/news/2016/05/02/exclusive-ichiban-owner-buys-downtown-cincinnati.html

EXCLUSIVE: Ichiban owner buys downtown Cincinnati bar and restaurant

The owner of Ichiban in Mount Lookout purchased a bar and restaurant in downtown Cincinnati for nearly $1 million.

Yu Bin Lin, who owns Ichiban and Dragon City IV in Cheviot, purchased In Between Tavern at 307 Sycamore St. from 307 Sycamore Holding Co. LLC for $960,000.

Seems weird to continue to operate it as "In Between Tavern" and just add some sushi to the menu. Hopefully it gets a full rebrand/overhaul. Glad to see the apartments are being renovated as well.

^ There are a handful of bars near 3rd Street that seemingly make most of their money during Reds and/or Bengals games, and just need a handful of people in for lunch or a couple drinks per day during the off-season. I wouldn't be surprised if the In Between operates in the green as is and this was more of a real estate investment than a push for a new restaurant concept.

^I agree with taestell[/member] ... it doesn't make sense to add sushi to the menu if they leave the rest of the In Between Tavern as-is. I suspect they realize there's more money to be made if they can appeal to the downtown market outside of just game days.

A friend of mine who worked in Atrium has mentioned that it's a popular after-work place for people in that part of downtown.

There isn't a lot of competition in that area for after-work drinks, and the sports bar vibe works well for a laid back happy hour.

Can't access the full article, but more good news!

 

EXCLUSIVE: Tom Neyer buys 2 downtown Cincinnati buildings for redevelopment

May 5, 2016, 10:32am EDT

Tom Demeropolis

Senior Staff Reporter

Cincinnati Business Courier

 

An affiliate of Neyer Holdings Corp. purchased the buildings at 128 and 130 E. Sixth St., known as the Reakirt and Brunswick buildings, respectively, from Kiji Steakhouse Inc. for $2 million.

 

Tom Neyer Jr. purchased two more buildings in the heart of downtown Cincinnati with plans to renovate the properties.

 

http://www.bizjournals.com/cincinnati/news/2016/05/05/exclusive-tom-neyer-buys-2-downtown-cincinnati.html

 

Google Street View:  https://www.google.com/maps/place/128+E+6th+St,+Cincinnati,+OH+45202/@39.1028584,-84.5106407,3a,75y,309.32h,119.45t/data=!3m7!1e1!3m5!1s8B8TM6uKkmnN4xpHtuZp5Q!2e0!6s%2F%2Fgeo0.ggpht.com%2Fcbk%3Fpanoid%3D8B8TM6uKkmnN4xpHtuZp5Q%26output%3Dthumbnail%26cb_client%3Dsearch.TACTILE.gps%26thumb%3D2%26w%3D392%26h%3D106%26yaw%3D320.66592%26pitch%3D0!7i13312!8i6656!4m5!3m4!1s0x8841b15a197b9b59:0xd07f505101d136!8m2!3d39.1029389!4d-84.5107257!6m1!1e1

Slated to become two hotels, Fourth and Walnut Center also will become a historic landmark

May 6, 2016, 2:52pm EDT

Chris Wetterich

Staff reporter and columnist

Cincinnati Business Courier

 

The Daniel Burnham-designed Fourth and Walnut Centre, whose owner plans to spend $100 million turning the three-building site into multiple hotels, will become a local historic landmark.

 

The Cincinnati Planning Commission voted unanimously on Friday to designate the center as a historic site.

 

http://www.bizjournals.com/cincinnati/news/2016/05/06/slated-to-become-two-hotels-fourth-and-walnut.html

New apartments coming to Court Street

 

2832courtstreet*750xx782-440-0-17.png

 

A developer is renovating a Court Street building downtown and turning it into 12 apartments and first-floor retail space.

 

The Cincinnati City Council approved an eight-year tax exemption for the building at 28-32 W. Court St. on Wednesday.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/05/12/new-apartments-coming-to-court-street.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Downtown Cincinnati office building sold to become residential space

 

tristatebldg*750xx796-1063-506-75.jpg

 

An out-of-town developer purchased a downtown Cincinnati office building for nearly $3.3 million and plans to renovate the property.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/05/12/downtown-cincinnati-office-building-sold-to-become.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

New apartments coming to Court Street

 

A developer is renovating a Court Street building downtown and turning it into 12 apartments and first-floor retail space.

 

The Cincinnati City Council approved an eight-year tax exemption for the building at 28-32 W. Court St. on Wednesday.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/05/12/new-apartments-coming-to-court-street.html

 

This is huge as West Court Deli is a source of problems in the area.  I'm assuming they will be kicked out as part of the development.

"Someone is sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett 

Downtown Cincinnati office building sold to become residential space

 

An out-of-town developer purchased a downtown Cincinnati office building for nearly $3.3 million and plans to renovate the property.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/05/12/downtown-cincinnati-office-building-sold-to-become.html

I have looked at this building's plans before and it currently only has one stair, so past developers have not thought a rehab was worth it because they would have to squeeze another stair into each floor plate for a second means of egress. Good to see that another developer is looking at the building, because that is the center of downtown in terms of being near all the action and fountain square and streetcar. Should be able to fetch some high rents.

New apartments coming to Court Street

 

A developer is renovating a Court Street building downtown and turning it into 12 apartments and first-floor retail space.

 

The Cincinnati City Council approved an eight-year tax exemption for the building at 28-32 W. Court St. on Wednesday.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/05/12/new-apartments-coming-to-court-street.html

 

 

This is huge as West Court Deli is a source of problems in the area.  I'm assuming they will be kicked out as part of the development.

 

I'm really excited for Court St. It's got great character and as more residential rehabs continue, I think it needs a few "destination" restaurants/bars to make it a vibrant area. I'm hoping that the owner of the garage at 20 W Court St (<a href="https://www.google.com/maps/@39.1061832,-84.5149007,3a,75y,345.76h,88.81t/data=!3m6!1e1!3m4!1s0oeJBBSMJgTMALD8wHoDNw!2e0!7i13312!8i6656">streetview</a>) will turn it into some kind of bar/restaurant/beer garden. That facade is one of the most interesting, unusual facades in downtown.  It has a pitched roof with two large sets of skylights. Would make for a really stunning space.

 

West Court St could be helped a lot by narrowing it to just 1 eastbound lane between Central Ave and Vine. The rest of Court St is just 1 lane in each direction.  Narrowing it could allow for some combination of a) increased on-street parking with angled spaces b) larger sidewalks c) street trees (with sufficient space for root growth!) and d) bike lanes. All of those would be beneficial for the businesses and residents of Court St.

 

 

 

Good news definitely, but the company- Parkes -does not have a history working with urban sites.  Maybe they see this as an opportunity to get in the game... Hopefully they do the building well - a lot of potential on Court Street.

Good news definitely, but the company- Parkes -does not have a history working with urban sites.  Maybe they see this as an opportunity to get in the game... Hopefully they do the building well - a lot of potential on Court Street.

 

I think you're confusing projects. <a href="http://www.parkescompanies.com/">Parkes</a> is doing the Tri-State building which is at the corner of Walnut and 5th. Based on their <a href="http://www.parkescompanies.com/portfolio">portfolio</a>, it seems like they do mostly suburban big box stuff.

 

Daffin Investments (a local group) is doing the Court St project. The Courier article said: "Daffin is a former suburban developer who believes the real estate action in Cincinnati is in the urban core to stay."

$30M luxury apartments planned near Jungle Jim’s Eastgate

 

360propertyunionapartments*750xx637-359-406-20.jpg

 

The new real estate investment firm co-founded by David Birdsall is planning to develop a $30 million luxury apartment development near Jungle Jim’s Eastgate.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/05/13/30m-luxury-apartments-planned-near-jungle-jim-s.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

  • 3 weeks later...

Taft Theatre plans improvements to host symphony

 

outside-taft-theatre*750xx1024-576-0-96.jpg

 

The Taft Theatre will undergo $500,000 in upgrades as it prepares to host the Cincinnati Symphony Orchestra and Cincinnati Pops from September 2016 through May 2017 during Music Hall’s major renovation.

 

The changes will include two additional Americans with Disabilities Act compliant restrooms off the main lobby, a second set of doors to the inner auditorium, new front entry doors, additional railings, augmented house lighting, a repositioned box office, more signage, new benches in the lobby and a ramp connecting the Taft Theatre to the Masonic Center next door.

 

More below:

http://www.bizjournals.com/cincinnati/news/2016/05/31/taft-theatre-plans-improvements-to-host-symphony.html

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Round 16 Ohio Historic Tax Credit applications, winners to be announced before June 30.

 

 

Does anybody know what the "Walnut and Moore" project includes? It includes 7 buildings and is requesting a credit of $803,000, which means the project is probably at least $3m in total costs (since state credits are up to a max of 25% of qualified rehab costs).

 

The buildings around the intersection of Walnut and Moore appear to all be under different ownership, so I'm not sure how they were able to group 7 properties together for the application. Curious to see what comes of this.

I am also curious what the "George Otte Carpet Store building" is?

I am also curious what the "George Otte Carpet Store building" is?

 

A Google search turned up this: http://www3.gendisasters.com/ohio/14326/cincinnati-oh-carpet-store-fire-apr-1897

George F. Otte company's carpet store on the south side of Fourth Street, one door west of Race.

 

Which makes me think it's one of these on the south side of Fourth St: https://www.google.com/maps/@39.0996514,-84.5147713,3a,90y,175.46h,106.52t/data=!3m6!1e1!3m4!1sdTiW3FkvxjzF5ryR6orsDg!2e0!7i13312!8i6656

121 W Fourth St was - according to the auditor's site - built in 1896. But I bet that's a mistake. Based on the newspaper articles, it seems like the fire in April 1897 was pretty massive: "The entire interior of the Otte building was burned out and the rear wall fell into Baker alley." I'm assuming Baker Alley is what is now called Benham Alley.

 

http://wedge3.hcauditor.org/view/re/1450001026600/2015/summary

 

So, perhaps they rebuilt at that location after the fire of 1897, constructing the beautiful buildings that stand today. Or maybe they moved to a different location in the city, in which case I have no idea (I can't find any other references to the George Otte Carpet Store.

It is the building at the south east corner of Race and 4th. It has had scaffolding up for the past few months, and has been empty for several years.

 

For those curious I found this out by looking through a few of the old Williams Directories ((available on the Library's website). It appears the carpet wholesaler moved several times. They were first at 109-111 West 4th Street (1900), which would have been the same location as before the fire, so they did rebuild the same location. That's now where the Union Central Tower is, and when that was built it looks like George moved down the street to 129-131 West 4th (1913), where Koch Sporting Goods is now. However, that seemed to be temporary as George had a new building built and opened by 1916 at 29 West 4th Street, now listed as 33 West 4th Street. It seems like that building was purpose built to be the carpet wholesale store.

 

 

Does anybody know what the "Walnut and Moore" project includes? It includes 7 buildings and is requesting a credit of $803,000, which means the project is probably at least $3m in total costs (since state credits are up to a max of 25% of qualified rehab costs).

 

The buildings around the intersection of Walnut and Moore appear to all be under different ownership, so I'm not sure how they were able to group 7 properties together for the application. Curious to see what comes of this.

 

These are all under the control of Urban Sites and 3CDC.

What is the $2 million request at 12th and Walnut?!?!  That's a large request and I can't think of something at that location in need of a major renovation that could be so big. Ideas?

Does anybody know what the "Walnut and Moore" project includes? It includes 7 buildings and is requesting a credit of $803,000, which means the project is probably at least $3m in total costs (since state credits are up to a max of 25% of qualified rehab costs).

 

The buildings around the intersection of Walnut and Moore appear to all be under different ownership, so I'm not sure how they were able to group 7 properties together for the application. Curious to see what comes of this.

 

These are all under the control of Urban Sites and 3CDC.

 

Neither of them own property at the INTERSECTION of Walnut and Moore (north of Liberty next to the Moerlein Brewery). I'm assuming this is the block BETWEEN Walnut and Moore south of Liberty.

 

Quickly looking at the auditor 3CDC (OTR Holdings) owns:

1512 Moore

1510 Moore

20 E 15th

1445 Walnut

1447 Walnut

 

Urban Sites (BSG2 LLC and Soli Interests LLC) owns:

1508 Moore

24 East 15th

1443 Walnut

1435 Walnut

19 W 15th

25 W 15th

The <a href="https://www.google.com/maps/@39.114588,-84.4870184,3a,75y,261.56h,81.62t/data=!3m6!1e1!3m4!1s5rkdcOvpviHd69Y8n7Zklw!2e0!7i13312!8i6656">old fire station</a> (I think that's what it was last used for) on Riverside has been torn down. The land is owned by the City. I wonder if they're preparing it to sell. You could get about 350' wide 150' deep parcel (roughly the footprint of the SkyHouse tower), which could support more townhouses or a condo tower with excellent views. The townhouses further west on Riverside (Twain's Point) have been popular, selling in the $700k+ range. It would require excavating the hillside and building a retaining wall, but that cost could be recovered pretty easily at that price point.

 

08cB2FouSbx_965HsP-yTY4Xo5DMFd_OeVKTVHhGzRjD0EiS9IKlclIcJClcQzet09bgdFky6hIlQg=w1295-h971-no

No way was that big enough for a fire station.  The garage doors are way too small.  https://goo.gl/maps/tQSiHDsXJUp  Not sure what it was though, maybe some sort of maintenance facility with offices?  I'd worry about hillside stability issues for any redevelopment, that whole hillside is a mess. 

More interested in what happened with the grave that was next to the building as the headstone is gone now.

No way was that big enough for a fire station.  The garage doors are way too small.  https://goo.gl/maps/tQSiHDsXJUp  Not sure what it was though, maybe some sort of maintenance facility with offices?  I'd worry about hillside stability issues for any redevelopment, that whole hillside is a mess.

 

Good point about the garage doors. I wonder if it was just a service/mechanic facility for the city. I thought I remember seeing some sign about the Fire Department, but maybe I'm mis-remembering.

 

I agree the site poses challenges, but still seems buildable. The topography is pretty similar to the Adam's Place tower, which is roughly 150' deep, and an elevation change of 30-40' from front to back of the property.

 

It definitely could support townhouses with a reasonably small retaining wall if you don't use the full 150' depth of the property.

More interested in what happened with the grave that was next to the building as the headstone is gone now.

 

Might have been a memorial, perhaps to somebody who died in a car accident near there. I doubt it was a grave.

No way was that big enough for a fire station.  The garage doors are way too small.  https://goo.gl/maps/tQSiHDsXJUp  Not sure what it was though, maybe some sort of maintenance facility with offices?  I'd worry about hillside stability issues for any redevelopment, that whole hillside is a mess.

 

Good point about the garage doors. I wonder if it was just a service/mechanic facility for the city. I thought I remember seeing some sign about the Fire Department, but maybe I'm mis-remembering.

 

I agree the site poses challenges, but still seems buildable. The topography is pretty similar to the Adam's Place tower, which is roughly 150' deep, and an elevation change of 30-40' from front to back of the property.

 

It definitely could support townhouses with a reasonably small retaining wall if you don't use the full 150' depth of the property.

 

Yep. It seems most of the instability on this slope is above Columbia. You can see the slippage from Google Earth and none of it is below Columbia.

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