Channel Crossing project on horizon

By Jeanne Houck, Cincinnati Post

 

A private developer is proposing to build condominiums, offices - possibly even a marina - at Channel Crossing in Newport.  The Newport City Commission is scheduled on Monday to consider approval of a development agreement with South Beach No. 1, a company headquartered in Chevy Chase, Md.  Similar plans have been announced and failed to come to fruition, but Mayor Tom Guidugli hopes this plan will be a winner.

 

"It seems like a great project, and we're going to take a good look at it," he said Friday.  The proposed development agreement says South Beach would spend up to $100 million developing the project at Channel Crossing, an eight-acre riverfront development just east of the Interstate 471 Bridge that already is home to Comfort Suites Newport and Don Pablo's restaurant.

 

Read full article here:

http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050820/NEWS02/508200341/1011/RSS02

they just keep coming

http://www.bizjournals.com/cincinnati/stories/2005/08/22/daily8.html?jst=b_ln_hl

 

YIPEE!  Newport...the next Covington.  Bellevue, the next Newport.  Dayton, the next Bellevue.

Okay I give up trying to start threads. 

im assuming the website wont be available till this fall either

why

^

Grasscat is usually on the ball and posts them first

Just search before you post.  It takes 5 seconds.

 

;)

That seems like an awful lot of development for that one area.  Also, I thought someone else recently had plans for that site.  Anyone remember????

 

 

 

 

^ You mean the Park Place condo tower?

"the complex will have "resort-style" amenities including a marina (though it is subject to separate approval by the Army Corps of Engineers), a large swimming pool and a serenity garden"

 

The marina, sticking that far into the river does not seem plausible.  I also wonder about the Serenity Garden.  Is that on the roof or on the ground?

I dont know, but I like it!!!

While Cincinnati is fighting to save crack houses, Newport is doing this.  :oops:

While Cincinnati is fighting to save crack houses, Newport is doing this

:whip: Newport and covington have their share of crackhouses too. Don't trash the Nati. Unless you have been living under a rock there  are projects going on all over the map. All these projects together are great for the region.

 

This is a freakin awesome development!  :-D

i think it should be said again and again...if there was half the view from the cincinnati side as there is from kentucky, you'd better believe these buildings would be poping up here too.  its encouraging to see this energy continue...but for the first time i am beginning to question whether this really is a good thing or not.  i think most of us can agree that what makes the cincinnati area so beautiful is the interplay between terrain and architecture.  i guess what i am saying is that i would hope for the south bank of the ohio to become the "great wall of condos".  i like tall buildings as much as the next guy and i know it would be years and years and years before that ever became an issue, but i think its an interesting debate.  but for what this project is worth i think it will be one more positive for the region...but too bad for the people in houses in newport who will lose views as result of this.

>The South Shore site, just >>> west  <<<< of Daniel Carter Beard bridge

 

Well at least now it's a shorter walk to the Party Source.   

 

Does anyone know what's planned for the big parking lot between Newport on the Levee and the former Starkist Tuna building?  It was up until 99 or 2000 the site of Miss Cadie's Saloon and a few row houses:

 

<img src="http://www.cincinnati-transit.net/ln31.jpg">

 

 

 

 

 

 

    Here is a photo of a nearby marina that was cut out of the river bank instead of poking out into the channel.   

 

 

    http://maps.google.com/maps?ll=39.116909,-84.458985&spn=0.020560,0.040199&t=k&hl=en

I love all the development along the river, its about time.  I think the idea of downtown and the riverfront as being dirty and dangerous are slowing fading away.  From the article today, $1 Billion in development is a lot of money, and most of it is private investment.  I hope Newport works on the ramp off of I-471, I know I wouldn't want to live on that street, but those houses are pretty cool too.  But I wanna know where all the millionaires are coming from?  Seems like all the development involves condos and apartments that are in the luxury, high-expense category.

While Cincinnati is fighting to save crack houses, Newport is doing this

:whip: Newport and covington have their share of crackhouses too. Don't trash the Nati. Unless you have been living under a rock there  are projects going on all over the map. All these projects together are great for the region.

 

Very true.  Except for the East Row area almost all of the housing in Newport from about 4th Street all the way back to the hillside is in pretty terrible shape.

Well.  Glad it's approved :).

Newport readies for crowd

By John Eckberg, Cincinnati Enquirer

 

A $165 million condominium and office development planned near Newport on the Levee might bring a new dimension to an entertainment complex that is packed on most weekends with diners, shoppers and movie-goers: a thriving riverfront district that is jumping every day and night of the week.

 

That prospect certainly appeals to Jeff Ruby, who owns a restaurant there, but the fine-dining mogul said there are challenges. He worries that more traffic coming off Interstate 471 to an already-congested area will not help business.

 

Read full article here:

http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050824/BIZ01/508240327/1076/BIZ

City to reap condos' tax reward

Schools back payment deal

By Stephenie Steitzer, Cincinnati Post

 

Buyers of the condos in the first phase of a planned $165 million condo and office-tower development in Newport won't pay real-estate taxes.  Instead, they will make payments in lieu of taxes - in amounts close to what they would have paid in taxes - to the city of Newport.

 

Newport Chief Financial Officer Greg Engelman said the city plans to use the estimated $540,000 a year collected from condo owners to pay for the construction of the project's $6.5 million parking garage.  The school district, county and other taxing entities won't receive any real-estate tax revenue from the project.

 

Read full article here:

http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050907/NEWS02/509070365/1011/RSS02

Bonds for SouthShore condo project get thumbs-up

 

The Kentucky Private Activity Bond Allocation Committee (KPABAC) has voted unanimously to issue $40 million in industrial revenue bonds to Capital Investment Group Inc., which is developing the SouthShore luxury condominium project on the Northern Kentucky waterfront.

 

"Our studies indicate that our first phase alone will generate more than $98 million in new consumption for the Commonwealth of Kentucky over the next 30 years," said Alexander "Alec" Bastos, managing principal of Capital Investment Group.

 

Read full article here:

http://www.bizjournals.com/cincinnati/stories/2005/11/07/daily9.html

The following little nugget was in today's Enquirer Business Summary:

 

 

SouthShore closes on 2.5-acres deal

 

The $165 million SouthShore condominium project has taken another step forward with the closing of the sale of 2.4 acres of waterfront property in Newport. Developer Capital Investment Group bought the land from Schneider 30, which built the Don Pablo's and Chart House restaurants on the site. Schneider 30 at one time had plans to develop the land, but the project never got under way. The Newport City Commission approved CIG's plans in August.

 

Marla Matzer Rose

 

http://news.enquirer.com/apps/pbcs.dll/article?AID=/20060121/BIZ/601210379/1076/rss01

 

I noticed CIG made some changes to their South Shore website.  Nothing significant but I take it as a good sign.

SouthShore condo project set to launch in Newport

Three residential towers, office building planned

By Laura Baverman, Cincinnati Business Courier

 

Capital Investment Group has made its financial commitment to Newport's riverfront, paying $2.4 million for the land required to build the $165 million SouthShore condominium development.  The group purchased the development rights to 2.4 acres of land and 22 acres of marina from Schneider 30, which developed and now owns Don Pablo's and the Chart House Restaurant in Newport. The condos and office building are planned for the site now serving as the restaurants' parking lot.

 

"This is another big step for us," said Michael Copfer, executive vice president of Capital, about receiving city approvals and bond approvals from Kentucky. "That's given us the confidence to close on the site."  The project was approved by Newport in August and soon after, Kentucky promised a $40 million bond issue for financing.

 

Read full article here:

http://cincinnati.bizjournals.com/cincinnati/stories/2006/01/23/story7.html

wahoo....woo.  There really is a nice residential corridor being created along the river. 

i sure hope the take note of the success at the ascent...flashy architecture = interest = filled building

i guess at least they dont look like The Overlook.  yet they are just napkin sketches at this point

A rendering of the $165 million SouthShore development. The Newport site will have four towers once complete.

Looks sweet.

I cant wait to have the riverfront lined, on both sides, with high rises/skyscrapers.

"...architect Daniel Libeskind's 22-story Ascent at Roebling's Bridge in Covington, which will have blue tints to it, like the SouthShore buildings"

 

So no other buildings in the metro can have blue in them without someone thinking it was copied from daniel libeskind?  give me a break!

 

 

"This building probably wouldn't go anywhere else. It has to be built on this location."

 

thats laughable.  i like the designs a lot...i think they are very slick but there is absolutely nothing unique about them.

Developers hope to break ground in late summer on the first tower, with occupancy in late 2007.

 

In english this says:  This will be a typical project in this area that will have construction held up several times..just because.  Construction may begin summer of 2008, with occupancy in late 2009.

Channel 5 and WLW reported this proposal as "new" on their news yesterday.  This thread started in August.  Where the hell have they been?

"Most people only live like this two weeks a year," said Michael Copfer of developer Capital Investment Group Inc., based in Chevy Chase, Md. "This is truly uncompromising, in that not only are you in a metropolitan location, but you also have waterfront resort features.

 

"A lot of people have something like this down in Naples," Copfer said. "This allows them to have a similar thing right up here in Cincinnati as well."

 

If and when they sell these units, I'd like to get a graphic of where the buyers came from.  Where is this money hiding out now in sufficient numbers to fill the Ascent, SouthShore, the Bellevue condo towers, and the Gregory family project, all of which have little or nothing less than $500k.

Channel 5 and WLW reported this proposal as "new" on their news yesterday.  This thread started in August.  Where the hell have they been?

 

Thats awesome!!!

i know this website has been posted before but they have just recently finished it and its very well done.  they are marketing this building pretty hard core...a good sign.

 

http://www.southshorenewport.com

 

that gal on the white lounge is also on a billboard on I-71S almost downtown.  Now I know what that is all about.  So I don't know much about how this works, would they have a campaign and seek some number of 'commitments' before they begin actual construction.  Does it work that way with these big time projects?  Did the "Ascent" do this?

essentially yes.  but this campaign seems to be much more agressive

i like the designs a lot...i think they are very slick but there is absolutely nothing unique about them.

 

I can agree with that.

that gal on the white lounge is also on a billboard on I-71S almost downtown.  Now I know what that is all about.  So I don't know much about how this works, would they have a campaign and seek some number of 'commitments' before they begin actual construction.  Does it work that way with these big time projects?  Did the "Ascent" do this?

 

That billboard cracks me up!  As if Newport is some sort of tropical area.

Project to open sales center

BY RYAN CLARK | ENQUIRER STAFF WRITER

 

Eight months after the announcement of the SouthShore project, the developer of the $165 million, high-end neighborhood of condominium and office towers will open the $500,000 SouthShore Sales & Design Center.  The center will be open 5:30 to 8:30 tonight. Visitors can find information about buying property in the four-tower neighborhood project, which is expected to break ground this summer.

 

Capital Investment Group Inc.'s sales, marketing and interior design teams will work out of the 3,500-square-foot center at 400 Riverboat Row.  Michael Copfer, executive vice president of Capital Investment Group Inc., said those who responded to SouthShore's Web site as being interested were invited to tonight's event.

 

Read full article here:

http://news.nky.com/apps/pbcs.dll/article?AID=/AB/20060420/NEWS0103/604200367

That billboard cracks me up!  As if Newport is some sort of tropical area.

 

Well the view is of an urban oasis named Cincinnati :)

breaking ground this summer?  thats good.  these towers keep going up on the ky side and cincy is dealing with the banks issue.  that really pisses me off in a way but any investement in the urban core is good news to me.  my fear is that the south side of the river will turn into a beach like waterfront, with huge towers lined up in a row.  i dont know if i think that would be very attractive. 

^ It will be attractive, I hoep it keeps happening.  I don't think I could ever live there but I will admit they have a better view :D

these developers really seem to have their stuff together.  they seem very confident in their product and its delivery which is a fresh approach in this city.  hopefully the skeptics dont get their way with this one.  or maybe there has just been a lot of behind the scenes work before they every went public with the idea.  i just wish those darn gregories would get moving with the banquet center site.

I drove by this today. I thought i seen some activity on the site. One note NOTL traffic is DANGEROUS. I was almost hit from behind today.

Holy shit.  These things are in pre-sales.  How about this bad boy:

http://www.cbws.com/property/propertydetail.aspx?property=701b9171-d8f7-411f-bb5e-820de6986c87

 

All this, and you can walk to Don Pablo's!  :-D

$2.5 million for 3 bedrooms on 1 level?  At that price, there had better be a soaring ceiling somewhere in the unit.  That does include 3 garage spaces, though.