CINCINNATI l 4th and Race l FT l 14 FLOORS - Page 3

natiboy · #41 Posted **Jun 3, 2016, 2:54 PM**

Downsized to 14 floors.

Fourth and Race project back on track after being sidelined for 3 years

Quote:

A three-year-old plan to build a new apartment complex and garage in a key corner of downtown Cincinnati is back on track after years of delays, political saber-rattling, review and revision.

Source: http://www.bizjournals.com/cincinnat...ter-being.html

shakman · #42 Posted **Jun 3, 2016, 6:14 PM**

Major bummer.

jmicha · #43 Posted **Jun 3, 2016, 7:44 PM**

Politics are to thank for that. At least we have a couple of other larger buildings going up or about to go up to make up for that loss in addition to some others in the height range of this one. Decent filler but won't break the skyline with its location.

natiboy · #44 Posted **Aug 26, 2016, 1:49 AM**

Final design approved. Demolition of the existing garage starts September 10th.

Urbannizer · #45 Posted **Jul 19, 2018, 12:28 AM**

How 3CDC, Flaherty & Collins will move forward on 4th & Race

Quote:

It’s been nearly two years since demolition work started on the old Pogue’s Garage at Fourth and Race streets in the heart of downtown Cincinnati. The removal of the nearly 50-year-old garage was to make way for a mixed-use development that would include street-level retail, a parking garage and more than 200 luxury apartment units.

Cincinnati Center City Development Corp. and Flaherty & Collins Properties had planned to start construction before the end of 2016. Work on the $116 million project still hasn’t started. There have been rumblings that the deal is dead.

But 3CDC and Flaherty & Collins said that is not the case at all. Both groups have been working diligently to get the project started. Officials from 3CDC and Flaherty & Collins visited the Business Courier, walking through the challenges the development has faced and how the two organizations plan to get work started later this year.

Adam Gelter, executive vice president of development at 3CDC, said the issues at Fourth and Race have been strictly financial. When 3CDC was brought into the development project, which was announced in 2013, Gelter said the delays were a result of 3CDC coming into an existing agreement and trying to salvage that deal. The design and cost of the project hadn’t been finalized.

“We should have spent more time getting to a better price,” Gelter told the Business Courier. “It ended up much more expensive and we’ve been battling back from that.”

After years of work and more than 50 meetings, 3CDC and Flaherty & Collins said they are ready to move forward on the project.

“Both of us feel financing is fully locked down and committed,” Gelter said.

Now, the developers are working with the city administration to amend the development agreement with the city. Once that update has been finalized, it will have to go back to Cincinnati City Council for approval. Gelter said they will brief members of city council and Mayor John Cranley on the changes and expect to go before the city in August or September. Once the final agreement is approved, they plan to break ground as soon as possible.

Dale · #46 Posted **Jul 19, 2018, 1:45 AM**

Good gosh, quite a saga.

Urbannizer · #47 Posted **Mar 26, 2019, 9:24 PM**

savadams13

jmecklenborg · #48 Posted **Mar 26, 2019, 10:02 PM**

Yawn.

Urbannizer · #49 Posted **Jul 30, 2019, 10:29 PM**

*July, 2019

UCgrad2015

Urbannizer · #50 Posted **Jan 22, 2020, 7:26 PM**

jmecklenborg

Urbannizer · #51 Posted **Aug 10, 2021, 10:45 PM**

Complete

richNcincy