May 4, 20223 yr 7 minutes ago, jwulsin said: Hahah... look for cash under the mattresses :) I have seen a number of groups that have paid prices or done things that make no economic sense other than they have cash that is getting 0% return parked where it is and by parking it into a property even vastly overpaying for it, a 3-4% return still looks good for them and their investors.
May 4, 20223 yr Instead of renovating this small-ish building it would be nice if W&S flexed their muscle and built something prominent on the site.
May 4, 20223 yr 5 minutes ago, wjh2 said: Instead of renovating this small-ish building it would be nice if W&S flexed their muscle and built something prominent on the site. I wonder if the height is limited due to being built on top of the Lytle tunnel. It looks like it's the only building that is actually directly above the tunnel.
May 5, 20223 yr 46 minutes ago, Dev said: I know construction is expensive but how is this $620k per unit? It is a total gut job. Nothing inside remains. Totally new floor plans. The exterior is getting punched up with new balconies, etc. as well. Also, this spans the Lytle Tunnel so they can't really do anything without altering the actual tunnel.
May 5, 20223 yr 1 hour ago, Dev said: I know construction is expensive but how is this $620k per unit? It's also REALLY high end, as the rent prices show. The target audience for this project is not normal, but due to it's location between W&S and P&G, I think many of these $5,000+ rents will end up as corporate apartments and are finished to make executive-level-rich-people feel at home.
May 5, 20223 yr 1 hour ago, nicker66 said: It is a total gut job. Nothing inside remains. Totally new floor plans. The exterior is getting punched up with new balconies, etc. as well. Also, this spans the Lytle Tunnel so they can't really do anything without altering the actual tunnel. So the Ship of Theseus of apartments. It would definitely be easier to understand if they had some layouts and renderings available.
May 5, 20223 yr Cincinnati City Council approves incentives for Eagle Realty's pricey apartments By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier May 5, 2022 Updated May 5, 2022 Eagle Realty, the real estate arm of Western & Southern, will invest $19.5 million to rehabilitate an apartment building in front of Lytle Park and plans to charge lease rates that are among the most expensive in the region. Cincinnati City Council unanimously approved a property tax incentive for the project on Wednesday, which will increase the number of units at the 550 Apartments from 22 to 29, with the rent for a one-bedroom apartment planned for $2,875 a month. A four-bedroom will rent for $5,875. While pricey, some of the one-bedroom units at Radius at the Banks are now listed at nearly $4,000 per month. The median rent in the region for a one-bedroom apartment in March was $1,337 per month. The city and council members, who often say the region needs far more affordable housing, cited Western & Southern’s extensive investments in affordable housing elsewhere in the city as a factor in their decision. “We’ve been talking a lot about … affordable housing,” Harris said on Monday. “This deal, which is the opposite — it’s very luxurious — I was really concerned about our council’s priorities.” MORE
May 17, 20223 yr Inside downtown’s newly renovated Atlas Building In early 2021, Urban Sites started transforming 530 Walnut St. into the Atlas Building. Now, the downtown office building is complete and adding office tenants. Travis Likes, first vice president with CBRE, said the Atlas Building has its first office tenant moved in and its working on terms with a tenant to take the top floor of the 67,000-square-foot building. Donovan Energy, a downtown-based clean energy development and finance company, has moved into the second floor of the Atlas Building. Each of the Atlas Building’s 10 floors is a little more than 6,000 square feet. Likes said the improvements Urban Sites made at the Atlas Building make it an attractive option when competing against working from home. More below: https://www.bizjournals.com/cincinnati/news/2022/05/17/atlas-building-photos.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 20, 20223 yr Speaking of Sawyer Point, they started work on the renovation of the tennis courts this week. From January: City to invest $500,000 for Pickleball at Sawyer Point The Cincinnati Board of Park Commissioners will spend $500,000 upgrading tennis courts at Sawyer Point to pickleball, a fast-growing paddle sport that combines elements of tennis, badminton and table tennis. The money will be used to resurface the courts, improve lighting by installing LEDs, buy new nets and make interior renovations to the tennis building, which is near Montgomery Inn at the Boathouse. About half of the court area will be redesignated for pickleball, with half remaining for tennis. The Sawyer Point facility will have 12 courts, with eight overflow courts available from the remaining four tennis courts (a Pickleball court uses about a third of the space of a tennis court). Cont "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
May 23, 20223 yr On 5/20/2022 at 3:27 PM, Cygnus said: Speaking of Sawyer Point, they started work on the renovation of the tennis courts this week. From January: City to invest $500,000 for Pickleball at Sawyer Point The Cincinnati Board of Park Commissioners will spend $500,000 upgrading tennis courts at Sawyer Point to pickleball, a fast-growing paddle sport that combines elements of tennis, badminton and table tennis. The money will be used to resurface the courts, improve lighting by installing LEDs, buy new nets and make interior renovations to the tennis building, which is near Montgomery Inn at the Boathouse. About half of the court area will be redesignated for pickleball, with half remaining for tennis. The Sawyer Point facility will have 12 courts, with eight overflow courts available from the remaining four tennis courts (a Pickleball court uses about a third of the space of a tennis court). Cont Wish the city would do something with the Lazarus roller rink across the walkway from the tennis courts. Could be something better than letting Montgomery Inn put up an events tent 24/7 365
May 24, 20223 yr 18 hours ago, savadams13 said: Wish the city would do something with the Lazarus roller rink across the walkway from the tennis courts. Could be something better than letting Montgomery Inn put up an events tent 24/7 365 100% agreed! The tent is only up from ~April through ~October. When its not up you'll regularly see hockey (roller skate & bicycle) being played on good weather days. Roller skaters still use the rink even with the tent up. The park board doesn't maintain the landscaping in this area nearly as well as the rest of the park. It's a dumping ground for the old solar garbage cans and rocks/dirt/mulch to be used throughout the rest of the park. "It's just fate, as usual, keeping its bargain and screwing us in the fine print..." - John Crichton
May 24, 20223 yr Former Moose lodge near Cincinnati City Hall set to be redeveloped By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier May 24, 2022 A former Moose lodge across Plum Street from City Hall will be converted into apartments, city officials said Monday. The $1 million project would covert the upper floor of 810 Plum St. into five apartments. The building is 60% vacant but does house a dentist’s office and other office space. Property records indicate the property was a Moose lodgeuntil it was sold in 1977. It is zoned for office space. MORE
May 31, 20223 yr $5 million downtown historic rehab project seeks Ohio tax credit By Zachary Jarrell – Reporter, Cincinnati Business Courier May 31, 2022 A $5 million rehabilitation project of a downtown office building is seeking an Ohio tax credit. The Miami-based owners of the Eagle Building, located at 914-916 Main Street, are asking for nearly $400,000 in Ohio Historic Preservation Tax Credits for a $5 million project to transform the neoclassical office building into 24 residential units with retail at the ground floor. The project has already received $800,000 in Federal Historic Preservation Tax Credits. The Ohio Historic Preservation Tax application comes months after Mazal in Cincinnati LLC – owned by the Miami Beach-based investment company M&CF Capital LLC – purchased the historical building and adjacent 44-space parking lot for $2.5 million. MORE
June 1, 20223 yr Carew Tower owner, potential buyer agree to extend negotiations By Tom Demeropolis – Senior staff reporter, Cincinnati Business Courier Jun 1, 2022 The current owner of Carew Tower and the limited liability company that has a purchase and sale agreement for the 49-story tower have agreed to continue negotiations to buy one of Cincinnati’s most iconic buildings. Carew Realty Inc. and Greg Power, the owner of the Carew Tower complex in downtown Cincinnati, have been granted an extension of time to plead or otherwise respond to a lawsuit filed by Veles Partners LLC — a limited liability company based in New York City that filed a complaint in Hamilton County Court of Common Pleas for defaulting on a $9.7 million loan, according to court documents. Hamilton County Common Pleas Judge Tom Heekin ordered in mid-May the defendants and plaintiff agree that Carew Realty and Power have up through and including June 15 to plead or otherwise respond to the complaint filed by Veles Partners. “The parties have signed a purchase and sale agreement that will resolve all issues contingent on a sale closing of June 15 and prefer there to be no further pleadings until after that time,” the document states. MORE
June 23, 20222 yr Not really surprising, but sad. There are going to be fewer and fewer department stores every year (as there has been for several decades) Saks Fifth Avenue to close downtown Cincinnati location By Meg Erpenbeck – Digital editor, Cincinnati Business Courier Jun 22, 2022 Updated Jun 22, 2022, 6:01pm EDT Downtown Cincinnati's Saks Fifth Avenue is set to close for good. On Wednesday, officials with the high-end retailer announced the store, located just steps from the Duke Energy Convention Center, would close permanently. The store, located at 101 W. Fifth St., opened its doors in 1983. In an emailed statement, a spokesperson said: "These decisions are never easy, but they are the right ones for the company. We are committed to treating every associate with respect and fairness throughout the process; all eligible associates will receive appropriate employment separation packages and transfer opportunities will be explored where feasible." A specific closure date was not given. MORE Edited June 23, 20222 yr by The_Cincinnati_Kid
June 23, 20222 yr 13 minutes ago, The_Cincinnati_Kid said: Not really surprising, but sad. There are going to be fewer and fewer department stores every year (as there has been for several decades) Saks Fifth Avenue to close downtown Cincinnati location By Meg Erpenbeck – Digital editor, Cincinnati Business Courier Jun 22, 2022 Updated Jun 22, 2022, 6:01pm EDT Downtown Cincinnati's Saks Fifth Avenue is set to close for good. On Wednesday, officials with the high-end retailer announced the store, located just steps from the Duke Energy Convention Center, would close permanently. The store, located at 101 W. Fifth St., opened its doors in 1983. In an emailed statement, a spokesperson said: "These decisions are never easy, but they are the right ones for the company. We are committed to treating every associate with respect and fairness throughout the process; all eligible associates will receive appropriate employment separation packages and transfer opportunities will be explored where feasible." A specific closure date was not given. MORE Losing Saks is going to be a logistical nightmare. Alot of people don't realize the main ballroom for the Hyatt is directly above Saks. Can't easily remove the Saks box and redevelop the corner. Man this just makes the whole area of downtown less and less interesting. 3CDC better get there butts in gear for this new convention center district.
June 23, 20222 yr The Hyatt ballroom is going to be a huge challenge because they will not want to give that up, and I am not sure what their lease is like for the space. I imagine the city/3CDC knew this was either coming or anticipated it happening, I am surprised Saks lasted as long as it did. I do not think losing the department store in-and-of-itself is that big of a deal as there is a reason so many are closing across the US, but that is a very high profile corner. Unfortunately I can see it sitting as a shell for a long while due to the ballroom issue... hopefully I am wrong.
June 23, 20222 yr 3 minutes ago, wjh2 said: The Hyatt ballroom is going to be a huge challenge because they will not want to give that up, and I am not sure what their lease is like for the space. I imagine the city/3CDC knew this was either coming or anticipated it happening, I am surprised Saks lasted as long as it did. I do not think losing the department store in-and-of-itself is that big of a deal as there is a reason so many are closing across the US, but that is a very high profile corner. Unfortunately I can see it sitting as a shell for a long while due to the ballroom issue... hopefully I am wrong. I could see the Hyatt taking over the whole building and either adding another ballroom or more conference space.
June 23, 20222 yr Back at one point there was rumor one of the developers building nearby (I think it was the 4th and Race developers?) was looking into Saks' site for a midrise. Obviously that never happened, but I'm sure the logistics of the ballroom could be figured out. A potential temporary arrangement within the new convention center hotel until a redeveloped site could return a direct connection back to the Hyatt seems like a possibility. Assuming a deal could be reached, I'd hope this site sees a proper replacement that's better for the urban realm. Right now it's not great, so hopefully this opportunity is taken and it isn't just "easiest route forward" which happens all too often.
June 23, 20222 yr Robert Mitchell Furniture Building (former home of The Chong) received $1,421,248 million in the latest round of state historic tax credits. Hopefully 3CDC gets this thing started soon, curious to see how they handle the repair of the original facade.
June 23, 20222 yr The Business Courier article states, "In 2021, 3CDC started exploratory demolition of the 1950’s brick veneer façade of 616 Race St. to evaluate the condition of the building and stabilize the original historic facade, which is Renaissance Revival style with classical elements." The historic facade had been heavily chiseled away to allow the 1950s brick facade to be built, so I'm sure it will be a large expense to restore it. I think it will just come down to budget and whether it makes the most sense to put that money into the facade or the interior of the building.
June 23, 20222 yr 13 hours ago, savadams13 said: Losing Saks is going to be a logistical nightmare. Alot of people don't realize the main ballroom for the Hyatt is directly above Saks. Can't easily remove the Saks box and redevelop the corner. Man this just makes the whole area of downtown less and less interesting. 3CDC better get there butts in gear for this new convention center district. It’s only a nightmare if they want to demolish the building and the Hyatt doesn’t cooperate, which I’m not so sure will be the plan. Also Saks closing has been on the radar with 3CDC and the city for over a decade I’m certain they have an idea of what’s next and have had discussions with the Hyatt folks.
June 23, 20222 yr 2 minutes ago, taestell said: The historic facade had been heavily chiseled away to allow the 1950s brick facade to be built, so I'm sure it will be a large expense to restore it. I think it will just come down to budget and whether it makes the most sense to put that money into the facade or the interior of the building. I know I'm an architecture/history nerd, but I legitimately think it would look cool to put in brand new high quality windows and seal the existing facade with a clear exterior epoxy coating pretty much as-is. Furring out the interior side of the wall and applying spray foam could provide the required insulation to meet modern code but I think the mixture of old/new would look really nice if handled properly. From the street level it will need all new storefront anyway, and only architects and tourists look up at buildings, so it should be preserved as a relic of what people in the 1950s did to Victorian era buildings.
June 23, 20222 yr I’m less upset about losing saks (I think department retail stores are a dying breed considering the inflation and push for e commerce)… im more upset about how dead this area of down town is becoming. I know 3cdc is working on getting something together…but I wish there was more solid and more concrete plans. I know we are going through tough times right now with the pandemic/inflation/Russia Ukraine conflict/incoming recession …but at the very least before everything goes to hell economically I feel that the convention center area needs to get figured out ASAP.
June 23, 20222 yr 4 hours ago, Troeros2 said: I feel that the convention center area needs to get figured out ASAP It seems to be a 3CDC priority, but honestly Vine north of Liberty (Findlay Park and 5points) and the 7th to Court areas are what I would prefer to see. They're along the streetcar route, but complete dead-zones. Also, the plans for the convention center area could completely change depending on the final look of the BSB project and we're no longer tied to short timelines due to the World Cup decision.
June 23, 20222 yr 5 hours ago, Troeros2 said: I’m less upset about losing saks (I think department retail stores are a dying breed considering the inflation and push for e commerce)… im more upset about how dead this area of down town is becoming. I know 3cdc is working on getting something together…but I wish there was more solid and more concrete plans. I know we are going through tough times right now with the pandemic/inflation/Russia Ukraine conflict/incoming recession …but at the very least before everything goes to hell economically I feel that the convention center area needs to get figured out ASAP. I don't think it is true that this area of downtown in becoming more dead. First, you had the 84.51 building. Then you had 4th and Race. Now you have a ton more units coming online in the next few years along that western stretch of 4th. And you have the Fountain Place redevelopment adding office workers, restaurants, and the golf simulator/bar/restaurant. This are was extremely dead when I moved to Cincinnati and it has only trended in the right direction, notwithstanding the closing of the department stores--which I always saw as inevitable.
June 23, 20222 yr 6 hours ago, 646empire said: It’s only a nightmare if they want to demolish the building and the Hyatt doesn’t cooperate, which I’m not so sure will be the plan. Also Saks closing has been on the radar with 3CDC and the city for over a decade I’m certain they have an idea of what’s next and have had discussions with the Hyatt folks. I think the Hyatt can and will be incentivized to play ball if there is a strong redevelopment. Such would directly benefit the Hyatt anyway, and I am sure they could get a new ballroom in the process, which means their ballroom may only be taken away for about a year anyway. They also have smaller ballrooms there so it is not like they will be completley without for a short period.
June 23, 20222 yr 3 hours ago, 10albersa said: It seems to be a 3CDC priority, but honestly Vine north of Liberty (Findlay Park and 5points) and the 7th to Court areas are what I would prefer to see. They're along the streetcar route, but complete dead-zones. Also, the plans for the convention center area could completely change depending on the final look of the BSB project and we're no longer tied to short timelines due to the World Cup decision. The convention center hotel is still number one priority. We don’t have one right now and no matter how the convention center expands in the future a new hotel is needed. That’s much more important then improving two areas of Vine St.
June 24, 20222 yr Somewhat off topic. What’s the consensus/prediction on the pace of construction in the next 1-3 years? I’m assuming that due to rising interest rates, inflation of construction materials, construction labor shortages, incoming possible recession and continuation of ongoing conflicts such as Russia/Ukraine, China/Taiwan, viruses such as monkey pox, etc that the next handful of years will probably be some of the slowest development years outside of the Great Recession. Edited June 24, 20222 yr by Troeros2
June 24, 20222 yr 26 minutes ago, Troeros2 said: Somewhat off topic. What’s the consensus/prediction on the pace of construction in the next 1-3 years? I’m assuming that due to rising interest rates, inflation of construction materials, construction labor shortages, incoming possible recession and continuation of ongoing conflicts such as Russia/Ukraine, China/Taiwan, viruses such as monkey pox, etc that the next handful of years will probably be some of the slowest development years outside of the Great Recession. I'm more optimistic on the economy than you, but 5% interest rates aren't going to noticeably slow development. In 1-3 years supply chains will be under control again, so I'm not concerned about inflation. The real tell will be Liberty and Elm. If that project can withstand endless lawsuits and the high cost of labor and materials right now (It still technically hasn't been cancelled, right?), anything can get built here. If it gets cancelled, I'd be prompted to pay more attention. If costs are an issue, council needs to loosen our zoning laws that make development more expensive and drawn out. Hyde Park got an apartment building along Wasson Way announced and built in 1.5 years because it didn't have to file any variances. Loosen some of these laws and you'll see out of town developers start to push the development more here. Word travels. The more developers we have competing in this market, the more likely it is that a lower margin development gets built. Edited June 24, 20222 yr by 10albersa
June 24, 20222 yr 1 hour ago, 10albersa said: I'm more optimistic on the economy than you, but 5% interest rates aren't going to noticeably slow development. In 1-3 years supply chains will be under control again, so I'm not concerned about inflation. The real tell will be Liberty and Elm. If that project can withstand endless lawsuits and the high cost of labor and materials right now (It still technically hasn't been cancelled, right?), anything can get built here. If it gets cancelled, I'd be prompted to pay more attention. 5% rates are going to certainly lower some purchase prices but there is a ton of cash still sitting on the sidelines now that it will not have a huge effect on immiediate projects. Developers like Hills for example, who are well capitalized and hold for 30-40 years have nothing to worry about. It is the newer developer who is less capitalized who is more at risk here and may be sitting on the sidelines a bit. In reality, we probably wont see much pullback in development until rates get in the 7-8.5% or so range IMO.
June 24, 20222 yr 2 hours ago, 10albersa said: I'm more optimistic on the economy than you, but 5% interest rates aren't going to noticeably slow development. In 1-3 years supply chains will be under control again, so I'm not concerned about inflation. The real tell will be Liberty and Elm. If that project can withstand endless lawsuits and the high cost of labor and materials right now (It still technically hasn't been cancelled, right?), anything can get built here. If it gets cancelled, I'd be prompted to pay more attention. My understanding is the developers for Liberty and Elm are in the marketplace trying to find a buyer to sell the land and walk away. I have heard that from two separate people with inside knowledge. Danny Klinger got his way again it looks like.
June 24, 20222 yr I don’t think things have really gotten resolved with the labor shortage though right? I tried to get a contractor for my house to remodel my upstairs and they said they are booked until at least early December. I hope I’m wrong…I feel like the Kroger on the Rhine project and the industry were the last somewhat big projects around cbd and Otr. Granted it was not long ago - but I definitely feel since 2020 began the momentum downtown has definitely somewhat shifted. A lot going on in the world right now, so it’s understandable. But 2017-2019 were really fun times from a development perspective. A lot of strong movement and gains were occurring for downtown and Otr and I hope this storm that we are currently in doesn’t last long.
June 24, 20222 yr Covid restrictions removed a lot of urban amenities temporarily which decreased demand for space. With most of those amenities returned or returning things should pick up.
June 24, 20222 yr I mean just in ohio historic tax credit awards yesterday there is what $50 million investment in otr and downtown yesterday 140 plus apartments and 12 commercial spaces.There is new build and renovations in the hundreds of millions happening in the urban core and hundreds of millions more in the pipeline.
June 24, 20222 yr 1 hour ago, savadams13 said: My understanding is the developers for Liberty and Elm are in the marketplace trying to find a buyer to sell the land and walk away. I have heard that from two separate people with inside knowledge. Danny Klinger got his way again it looks like. His "win" is a large lot on a prime corner of downtown remaining vacant and multiple historic building left to continue to deteriorate. This will do nothing to "help affordable housing" in the area - and will likely make it worse. It is nuts to me that a lone citizen, that has zero standing, can stop a development on land he doesn't own or have a party to.
June 24, 20222 yr 8 minutes ago, wjh2 said: His "win" is a large lot on a prime corner of downtown remaining vacant and multiple historic building left to continue to deteriorate. This will do nothing to "help affordable housing" in the area - and will likely make it worse. It is nuts to me that a lone citizen, that has zero standing, can stop a development on land he doesn't own or have a party to. OTR being classified as a historic district has done so much good for the neighborhood but this is the downside- it gives NIMBYs like this guy an extremely powerful tool to use to block development. I might be wrong but I don’t think the path he took to get here would’ve worked in other parts of the city. If it does end up getting cancelled it’s hard to see a single big project like this being built in OTR in the near future.
June 24, 20222 yr Yeah - I do not know why anyone would buy that land now. Nothing will satisfy NIMBY demands and will always move the goal posts.
June 24, 20222 yr 5 minutes ago, Guy23 said: OTR being classified as a historic district has done so much good for the neighborhood but this is the downside- it gives NIMBYs like this guy an extremely powerful tool to use to block development. I might be wrong but I don’t think the path he took to get here would’ve worked in other parts of the city. If it does end up getting cancelled it’s hard to see a single big project like this being built in OTR in the near future. I think it has more to do with OTR having very passionate NIMBYs than any specific historic classifications. Seems silly for them to look into abandoning the project now, as it seems like they have been making some progress in the courts recently.
June 24, 20222 yr 1 hour ago, Troeros2 said: I don’t think things have really gotten resolved with the labor shortage though right? I tried to get a contractor for my house to remodel my upstairs and they said they are booked until at least early December. I hope I’m wrong…I feel like the Kroger on the Rhine project and the industry were the last somewhat big projects around cbd and Otr. Granted it was not long ago - but I definitely feel since 2020 began the momentum downtown has definitely somewhat shifted. A lot going on in the world right now, so it’s understandable. But 2017-2019 were really fun times from a development perspective. A lot of strong movement and gains were occurring for downtown and Otr and I hope this storm that we are currently in doesn’t last long. I feel like you've been pessimistic for years, and the development just keeps happening. The Findlay Market area is especially on fire right now.
June 24, 20222 yr 3 hours ago, Troeros2 said: I hope I’m wrong…I feel like the Kroger on the Rhine project and the industry were the last somewhat big projects around cbd and Otr. Record time for a prediction to be wrong... https://www.bizjournals.com/cincinnati/news/2022/06/24/city-club-apartments-pnc-tower-project-underway.html A long-awaited $150 million redevelopment project will transform one of the most iconic and historic buildings in downtown Cincinnati into luxury-style apartments. ... The mixed-use redevelopment will feature nearly 300 apartments with resort-class amenities and design. Construction is underway with pre-leasing scheduled to start in the first quarter of 2023. First occupancy is expected at the beginning of the third quarter next year. ... The mixed-use redevelopment will include: 281 luxury apartments, ranging from studios to penthouses, long-term unfurnished, and short-term furnished City Club suites. The units will have 150 unique floor plans and four finish packages including granite countertops, movable islands, custom closets, exclusively designed kitchens, furniture and fixtures, plank flooring and bathrooms with oversized tubs The apartments will be available to rent for a day, week, month or years. Street-level retail including a hair salon/day spa, boutique office space and a bank Boutique hotel-style Lobby Library Lounge A 15th-floor penthouse club, exclusive to penthouse residents A 17th-floor private club with views of the Ohio River, Roebling Bridge and sports stadiums A 19th-floor club featuring a gourmet kitchen, rooftop terrace, wellness sauna, outdoor pool and hot tub, wrap-around loungers, cabanas, fireplace, grilling stations, outdoor kitchen and zen garden A fourth-floor rooftop bark park Third floor rooftop vegetable garden for residents Co-working spaces 24/7 whole body fitness center Outdoor and indoor theater Indoor heated valet parking Indoor storage lockers and bike storage and more
June 30, 20222 yr Redevelopment of 4th/Walnut to ~350 units. This plus 4th/Elm + 4th/Race is adding nearly 1,000 units to that corridor. Edited June 30, 20222 yr by wjh2
June 30, 20222 yr 14 minutes ago, wjh2 said: Redevelopment of 4th/Walnut to ~350 units. This plus 4th/Elm + 4th/Race is adding nearly 1,000 units to that corridor. Happy to see this building being taken care of now. We worked with the developers out of Texas to convert this into the Canopy by Hilton, they didn't know what they got themselves into with this amazing building
June 30, 20222 yr I thought this was going to be the Kimpton? Is that project not happening anymore? I thought I heard they got the tax credits they needed to make it work.
June 30, 20222 yr 20 minutes ago, Brutus_buckeye said: I thought this was going to be the Kimpton? Is that project not happening anymore? I thought I heard they got the tax credits they needed to make it work. The Kimpton is a block away, 5th and Walnut. This is the southeast side of Walnut at 4th.
June 30, 20222 yr Just now, DEPACincy said: The Kimpton is a block away, 5th and Walnut. This is the southeast side of Walnut at 4th. Ok, that makes sense now. I love the 4th and Walnut Center and think the lobby was absolutely beautiful but it fits much better as apartments than a hotel. The Kimpton property fits well as a hotel because it can use the old CAC for banquet space and meeting space if needed even if they do not directly own it.
June 30, 20222 yr 1 hour ago, wjh2 said: Redevelopment of 4th/Walnut to ~350 units. This plus 4th/Elm + 4th/Race is adding nearly 1,000 units to that corridor. Plus the 300-apartment addition to City Club at 4th/Vine!
June 30, 20222 yr 2 hours ago, wjh2 said: Redevelopment of 4th/Walnut to ~350 units. This plus 4th/Elm + 4th/Race is adding nearly 1,000 units to that corridor. Damn, some of the replies on this are brutal. Mostly congratulatory... but many just... rude. 2 hours ago, wjh2 said:
July 5, 20222 yr On 6/30/2022 at 9:35 AM, Brutus_buckeye said: I thought this was going to be the Kimpton? Is that project not happening anymore? I thought I heard they got the tax credits they needed to make it work. Kimpton isn't dead, just taking a breather until things calm down.
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