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Posted Dec 16, 2015, 11:49 PM
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Registered User
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Join Date: Nov 2010
Location: Cincinnati
Posts: 611
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Tax credit wins for OTR hotel, apartments, offices, more
Quote:
Broadway Square II, Pendleton
Project cost - $13,133,245
Tax credit - $1,300,000
Address - 1126-1211 Broadway, 405-414 E. 12th St., and 331 E. 13th St.
Developer - Model Group
Details - The second phase of Broadway Square calls for renovating 10 historic buildings for retail space and 37 residential units.
Ophthalmic Hospital, Over-the-Rhine
Project cost - $7,366,150
Tax credit - $732,950
Address - 208-214 W. 12th St.
Developer - Cincinnati Center City Development Corp.
Details: The former Ophthalmic Hospital and Free Dispensary served as a medical facility for nearly 90 years, but is now vacant. The buildings are planned for renovations to house a 20-room boutique hotel with a bar and restaurant on the first floor.
Kauffman Building, Over-the-Rhine
Project cost - $2,775,353
Tax credit - $249,999
Address - 1725 Vine St.
Developer - Wael Safi
Details - Built to house brewery workers in 1863, the building sustained two fire in the last two decades. The property is expected to be redeveloped into commercial spaces on the first floor, six residential units above and a new addition housing six more apartments and parking.
1814 Race, Over-the-Rhine
Project cost - $1,983,366
Tax credit - $217,000
Address - 1814 Race St.
Developer - Model Group
Details - The property is expected to be rehabilitated to house five apartments and first-floor commercial space.
100 West Elder, Over-the-Rhine
Project cost - $1,587,987
Tax Credit - $220,000
Address - 100 W. Elder St.
Developer - Greg Badger
Details - The dilapidated mixed-use building is expected to be rehabilitated into first-floor retail or restaurant space with offices on the upper floors.
515 East 12th, Pendleton
Project cost - $1,579,851
Tax credit - $195,000
Address - 515 E. 12th St.
Developer - Model Group
Details - The small residential building is expected to be rehabilitated to feature six market-rate residential units. The project is part of the third phase of Broadway Square.
1737 Vine, Over-the-Rhine
Project cost - $1,316,634
Tax credit - $185,000
Address - 1737 Vine St.
Developer - Eric Haberthier, the Rhine Group
Details: The property could house seven market-rate residential units and restaurant users.
1737 Elm, Over-the-Rhine
Project cost - $1,200,047
Tax credit - $233,799
Address - 1737 Elm St.
Developer - Kim Starbuck and Kevin Pape
Details - Two buildings, which date back to the 1850s and 1880s, have been vacant for more than 10 years. One building is planned to house small market-rate apartments and first-floor retail space and the second building could have one apartment unit.
Rutemueller Building, Pendleton
Project cost - $1,137,569
Tax credit - $113,500
Address - 527 E. 13th St.
Developer - Urban Sites
Details - The vacant former grocery store and tenement-style apartments is expected to be renovated for seven market-rate apartments.
Fromm Building, Over-the-Rhine
Project cost - $682,394
Tax credit - $108,500
Address - 286 W. McMicken Ave.
Developer - Julie Fay
Details - The vacant Italianate building is expected to be rehabilitated to feature seven residential units. The unit with first-floor entry will be designed to be a live-work space.
Schmitthenner Building, Over-the-Rhine
Project cost - $671,870
Tax credit - $82,750
Address - 1727 Elm St.
Developer - Jim Uber
Details - The four-story building built in 1873 has been vacant for more than 30 years and could be rehabilitated to house seven market-rate apartments and one retail storefront.
205 West McMicken, Over-the-Rhine
Project cost - $375,000
Tax credit - $37,000
Address - 205 W. McMicken Ave.
Developer - OTR A.D.O.P.T.
Details - Vacant for more than 20 years, the property is envisioned to serve as first-floor commercial space with one three-bedroom apartment unit located on the upper floor.
Paramount Square, Walnut Hills
Project cost - $20,093,697
Tax credit - $1,999,000
Address - 900-921 and 957 E. McMillan Ave., 2436-2454 Gilbert Ave., and 2363 St. James St.
Developer - Walnut Hills Redevelopment Foundation and Model Group
Details - Six historic buildings and two non-historic buildings centered around the former Paramount Theater are expected to feature 15 commercial spaces and 44 market-rate residential units.
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Source: http://www.cincinnati.com/story/mone...dits/77388784/
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