May 18, 200718 yr yea I dont know, maybe they are going to do both towers, although that would go against what they have said. Regardless, it would help if their website was worth a damn with regards to construction info. or maybe a webcam! bah!
June 1, 200718 yr In current tough condo market, developers have work cut out Fifth Third's interest, reasonable presale goals help SouthShore By Laura Baverman, Cincinnati Business Courier | June 1, 2007 It's hard to be a condo developer these days. Even a burgeoning condo market such as Cincinnati can feel the impact of slumbering sales in cities like Miami, Los Angeles and New York. When Capital Investment Group brought its plans for SouthShore, the high-end, oasis-themed condominium project in Newport, to local and national banks, they pulled out all the stops. Some required as many as 80 percent of units be sold before construction could begin. "Credit analysts have to underwrite it from a headquarters, and looking at it compared to deals around the country," said Gregg Fusaro, who handles development and acquisitions for the firm. "The banks without the strong local perspective were not interested." Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2007/06/04/newscolumn1.html
July 9, 200717 yr Any word on whether this will be two towers going up now or just one? I was down there last weekend at the Friendship Park (enjoyable) and noticed the garage coming along nicely. To me, two tower cranes = two towers. I can't remember a time when a building of the size this one would be required two cranes.
July 9, 200717 yr my guess is that they are building just one tower...but the entire garage. i would say the size of the garage would definately justify the need for a second tower crane because of its length...and the crane is probably as tall as it is to reach most of the floors but not all when its not being used for the garage.
August 21, 200717 yr Newport project shrinks Developer: Market won't support size BY SCOTT WARTMAN | [email protected] Market demand has led a developer in Newport to look at constructing an office building smaller than planned. Capital Investment Group Inc. now has an 80,000-square-foot office planned for the western edge of its SouthShore condominium complex currently under construction on Newport's riverfront on the Ohio River. The group had planned a 250,000-square-foot office space to be marketed by Duke Realty. Duke Realty, however, has dropped out of the project, said Alec Bastos, managing partner of Capital Investment Group. The yearlong agreement between Capital Investment Group and Duke Realty expires in September and won't be renewed, Bastos said. Humana Insurance Co. had considered moving into the 250,000-square-foot office space on the SouthShore site but eventually decided on comparable space in Walnut Hills, Bastos said. Read full article here: http://news.enquirer.com/apps/pbcs.dll/article?AID=/20070821/BIZ01/708210349/1076
August 22, 200717 yr SO this seems to add some weight to the 2 tower scenario...but doesn''t clear up if both are currently being constructed. Also, could the imminent QCSII have affected this decision?
August 22, 200717 yr It's possible, but I tend to think that the recent announcement that Corporex wants to opt for the full 35 acres (as opposed to just the ~13 acres they currently own) for Ovation was more influential. I would imagine that QCS II and South Shore will have different target audiences, whereas Ovation and South Shore may be in more direct competition. Just the sheer size of the QCS II building makes it more likely to house a corporate HQ than South Shore. And it sounds silly, but having "Cincinnati, OH" on your letterhead looks more credible than "Newport, KY", so for the biggest of companies, Newport in general probably isn't an option either, no matter how much space is available. I'd expect to see satellite offices for large companies and/or HQs of small companies in Newport's new office spaces.
August 23, 200717 yr ^Doesn't sound silly at all, companies rely upon strong branded identity and many companies use the Cincinnati, Ohio name because it confers much more recognition than any of the other local cities, suburbs, municipalities etc. My company is located in Covington and yet for outside communication we mention Cincinnati, Ohio.
August 23, 200717 yr Newport has never had a strong office market and I agree with Jimmy_James about the influence of Ovation. Civvik...I may be able to get some photos this weekend.
August 26, 200717 yr Newport has never had a strong office market and I agree with Jimmy_James about the influence of Ovation. Civvik...I may be able to get some photos this weekend. That would be cool
August 28, 200717 yr And it sounds silly, but having "Cincinnati, OH" on your letterhead looks more credible than "Newport, KY", so for the biggest of companies, Newport in general probably isn't an option either, no matter how much space is available. Tell that to Cincinnati Bell with their corporate blackmail.
August 28, 200717 yr And it sounds silly, but having "Cincinnati, OH" on your letterhead looks more credible than "Newport, KY", so for the biggest of companies, Newport in general probably isn't an option either, no matter how much space is available. Tell that to Cincinnati Bell with their corporate blackmail. While Cincinnati Bell is a large company they are still essentially a local one. More fitting examples would be places with national/international markets like P&G, Chiquita, Kroger, Macy's, Convergys and 5/3.
August 28, 200717 yr I am referring to a company with the name "Cincinnati" in it threatening to move to Northern Kentucky if they didn't get a hand out from the city/state. In my mind that is worse than any of the other companies that also do corporate blackmail.
August 29, 200717 yr grasscat has updated construction photos on his blog. www.buildingcincinnati.blogspot.com
September 1, 200717 yr These are the same images I posted on my blog. SouthShore photo update, 8/29/07 Building Cincinnati, 8/29/07 It looks like they've got the four-story garage structure pretty much built. The completed project will also include two towers with about 150 condo units and an 80,000 square foot office building.* Photographs taken Sunday, August 26, 2007. * A marina is possible but has not been decided. http://buildingcincinnati.blogspot.com/2007/08/southshore-photo-update-82907.html
September 1, 200717 yr increased density in the urban core can only benefit all jurisdictions along the river.
September 2, 200717 yr the benefit to riverfront development should be to enhance the overall appeal of the city and drive directional strength in the neighborhoods.
November 21, 200717 yr I'm pretty sure that the marina has been approved by the appropriate organizations and that it will be a part of this project (something I'm happy about - the more recreational river traffic the better).
November 21, 200717 yr I haven't been down to Newport much lately, but when I do go, I love to stop by and look at the construction of this project. Newport and the entire riverfront is really on the move. This along with the Edge across the river, the Ascent, the Banks, Ovation and whatever else that's going up along the river is going to make the CBD look pretty darn impressive. Now only if they'd just get QCSII going...
November 22, 200717 yr Can someone take the question mark off of this title thread please...it no longer seems necessary.
December 20, 200717 yr Tower's rising at SouthShore BY LISA BERNARD-KUHN | [email protected] Steel beams and construction cranes are rising high along Newport's skyline as work continues on Capital Investment Group's 21-story SouthShore condominium tower. Part of a planned $200 million condo and office development on Newport's riverfront, SouthShore's first condo tower is on track to be complete by August, said Gregg Fusaro, a partner with Capital Investment Group. A topping-off ceremony - which marks the placement of the final steel beam on the tower - is planned for early February. A second tower to be built later is expected to include at least 75 condos. Additionally, developers are considering designs for an office development on the west side of the 2-acre site, which could include a hotel, Fusaro said. Condo prices start at $385,800 and go as high as $3 million. To date, 38 of 70 units have been pre-sold. Read full article here: http://news.nky.com/apps/pbcs.dll/article?AID=/AB/20071220/BIZ01/712200328
January 11, 200817 yr ^---I was going to head down to Cincinnati today and take some shots while I was there, but the weather is cruddy. Glad you posted this. This is just one of a three tower project, right?? This is going to be huge!
January 11, 200817 yr ^---I was going to head down to Cincinnati today and take some shots while I was there, but the weather is cruddy. Glad you posted this. This is just one of a three tower project, right?? This is going to be huge! There will be a second residential tower almost identical to this one being built...and eventually a third tower (much shorter) that will be for office use - if the demand is there for it...we'll see.
January 11, 200817 yr ^ I thought they cancelled that office tower. If so, I have no idea what they would use the extra space for. A third residential tower? Greenspace? The ugly parking lot that is currently there? I guess time will tell.
January 11, 200817 yr well the 2nd res. tower needs to get built first, and thats VERY iffy right now. In fact, I doubt it will happen for a long time, if ever, unless of course the market bounces back.
January 11, 200817 yr ^---Isn't the first condo almost sold out? I thought they held construction until almost all units were sold? If that's the case, the 2nd would not be too far behind.
January 11, 200817 yr well i think its somewhere around 60% sold out. Maybe a bit more than that. The second one is supposed to be bigger than the first. If they do move foreard with plans on the second, I bet it gets downsized a lot.
January 11, 200817 yr I dont think so, not according to the renderings on the website www.southshorenewport.com
January 11, 200817 yr Alas Atlas, you are correct! I had to go back and do some digging and look at the renderings again. Good catch!
January 13, 200817 yr Hey, someone help me out. I can't tell whether or not this is going to obscure my favorite view in Cincy: Are the new towers going to be in the center of this photo, or off to the left?
January 13, 200817 yr i do not think so. They will be going up to the left of the hotel, almost off the left side of this picture. BTW, this is a good pic! Did u take it?
January 13, 200817 yr No I didn't, I completely ripped it off for my personal "wet dreams" collection. I really wish I could credit someone, but I don't remember where I got it from.
January 13, 200817 yr That's my photo. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
January 13, 200817 yr QC2 will completely obscure the Scripps building from this angle, and in fact destroy this view of the city much more than the Newport condo towers.
January 14, 200817 yr Thanks ColDayMan. I just made a note on the photo in my library. Sorry about that. It's a great shot and I give you full credit.
January 14, 200817 yr QC2 will completely obscure the Scripps building from this angle, and in fact destroy this view of the city much more than the Newport condo towers. I'm not so sure it will (destroy the view). It will occupy the same exact spot from that angle, but be taller. and even though I like Scripps, i like the QCS better, plus that angle will provide the side view of the tiara which will be much different than the front view. I think it will be very interesting!
January 14, 200817 yr Also, by my guess, QCS should be about as high as the flag over Carew from hat view :-)
Create an account or sign in to comment