2012 state of downtown

State of Downtown The Progress of Downtown Cincinnati in 2012

Contents

1 InTroDuCTIon

3 LIve

10 Work

18 PLay

27 DeSTInaTIon: DoWnToWn

30 on The horIzon

1 DoWnToWn CInCInnaTI InC.

about This reportDowntown Cincinnati Inc. (DCI) is a non-profit organization with a mission to build a dynamic metropolitan

center valued as the heart of the region. DCI supports this mission by providing unique services in three areas:

safe and clean, marketing and communications, and stakeholder services. The organization is funded by

the property owners in the Downtown Cincinnati Improvement District, which includes property within the

boundaries of eggleston avenue, Central Parkway, Central avenue, and the ohio river. DCI provides leadership

and information regarding community and development issues, working together with public and private

partners to ensure long-term downtown vitality.

PartnersDowntown Cincinnati Inc. thanks the following individuals

and organizations for their assistance in compiling the

2012 annual State of Downtown report.

DoWnToWn CInCInnaTI InC. 2

The data presented in this report is derived from many sources, including reports by the media and information collected directly from organizations. To provide us with more accurate data on any information contained in this report, to request information not contained in this report, or to place your name on our e-mail list for future report mailings, please send an email to [email protected].

Please visit DCI’s website, downtowncincinnati.com, for more downtown related publications.

visit these websites for additional information on downtown Cincinnati:

• choosecincy.com

• cincinnati-oh.gov

• cincinnatichamber.com

• cincinnatiUSA.com

• cincyusa.com

• ilivedowntown.com

• myfountainsquare.com

• otrchamber.com

3CDC

apartment realty advisors

Cincinnati’s arts, culture, sports & entertainment venues

Cincinnati Business Courier

Cincinnati Multiple Listing Service

Cincinnati uSa Convention & visitors Bureau

Cincinnati uSa regional Chamber of Commerce

City of Cincinnati

Colliers International

Downtown residents Council

enquirer Media

amy Smith

Smith Travel research

urbanCincy

Xceligent, Inc.

Photos courtesy of:

3CDC

5chw4r7z

art Beyond Boundaries/Jymi Bolden

artWorks

Bunbury Music Festival/ Joshua Timmermans

Dennis Camp

Charles Barilleaux

Cincideutsch

Cincinnati Bengals

Cincinnati Ballet/Peter Muller

Cincinnati opera/Philip Groshong

Cincinnati uSa Convention & visitors Bureau

City of Cincinnati

Thadd Fiala

Fido Field

First Financial Bancorp

Flaherty & Collins/rTkL architects

hollyann howard

The Lofts at Fountain Square

Main Library/Public Library of Cincinnati and hamilton County

The Mercantile Library

Metro Cincinnati

Metromix

over the rhine Living

Project Downtown Cincinnati

The Mcalpin

The reserve at 4th and race

revive I-75

urbanCincy/randy Simes

visuaLingual

liveDowntown’s thriving residential community reflects the growing choice of

individuals and families seeking the vibrancy of an urban neighborhood and

the ease of a short commute. The estimated total downtown population

reached over 13,400 in 2012. Decreasing crime rates and rising perceptions

about the safety, activity and attractiveness of downtown are evidence of a

city center that is increasingly welcoming and livable.


About this Map

residential data reported in the 2012 State of Downtown report is focused on the neighborhoods of the Central Business District (CBD), over-the-rhine (oTr) and Pendleton (Pen).

*2012 Downtown Population estimate is a calculation of 2012 estimated number of units x average residents per unit (based on the 2010 u.S. Census).

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

popu

lati

on

year

CBD Periphery

CBDDoWntoWn PoPULAtIon tRenDs

2008

8,3759,026

11,84813,214 13,401*

2009 2010 2011 2012

4,107 4,743

6,996

7,785 7,803

4,268 4,283 4,8525,429 5,598


OTR

CBD

PEN

overallpositive

impression

Improving every year

Police are visible

ambassadors are visible

Safe overall

Clean overall

PeRCePtIons ABoUt DoWntoWn

0 10% 20% 40%30% 80%50% 90%60% 100%70%

2012

2011

2010

90%80%

67%

87%73%

72%

73%67%

66%

61%48%

46%

73%63%

58%

78%70%

60%

Source: 2012 Perceptions Survey conducted by Laverdad Marketing & Media for Downtown Cincinnati Inc. For more detailed findings, visit downtowncincinnati.com.

Downtown Perceptions In 2012, Downtown Cincinnati Inc. adapted its perceptions survey for

downtown residents in zip codes 45201 or 45202 with new questions

related to household composition, commuting, and shopping patterns.

over 300 residents responded. Citing “convenience,” “walkability,”

and “community” as the top three reasons for living downtown,

95% of respondents would recommend living downtown to others.

over 90% of 1,700 survey respondents reported an overall positive impression of downtown in 2012, with key indicators of

perceptions of downtown as safe and clean on the rise.


Source: Cincinnati Police Department. note: Part 1 crimes are defined as more serious crimes, but include crimes such as shoplifting in which no use of force or violence occurs; Part 2 crimes are defined as “quality of life” crimes, which include aggresive panhandling and vandalism.

1,179

435

2,500

2,000

1,500

1,000

500

0

year

CBD CRIMe stAtIstICs

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Part 1 Crime

Part 2 Crime

Safe, Clean and GreenDowntown was kept clean and green spaces were maintained

in 2012 thanks in part to the efforts of the City of Cincinnati’s Public

Services Department, Cincinnati Parks, and Downtown Cincinnati Inc.

ambassadors. keep Cincinnati Beautiful awarded the Central Business

District an average score of 1.0 on a litter index scale of 1 to 4, with

1 being the cleanest. While consistently under 1.2, 2012 marks the best

score received by the CBD in the past five years.

In advance of the 2012 World Choir Games, DcI ambassadors worked with the city of cincinnati and Keep cincinnati Beautiful to paint

128 light poles in the downtown area.

the Downtown residents council

engaged in several beautification projects

in 2012, including painting fire hydrants

in preparation for the 2012 World Choir

Games, planting flowers on the Purple

People Bridge, and decorating Piatt Park

for the holidays.

the Police cadet Program, initiated by Chief James e. Craig and supported by

Downtown Cincinnati Inc., launched in June 2012. Through this new program,

40 teenagers were deployed to deter crime and gain on-the-job experience, offering

assistance to a school resource officer and learning about community policing in

downtown Cincinnati.

crime in the central Business District has been trending downward for the

past ten years, with an overall reduction of over 34% in Part 1 and Part 2 crimes.

Part 1 crime decreased in 2012 by 10% and Part 2 crime decreased by over 8% from

2011. There were 46% fewer burglaries, 18.4% fewer assaults and 10.8% fewer

thefts than the previous year.


APARtMent sURvey - CentRAL BUsIness DIstRICt*Total number of Properties Surveyed 16

Total number of units Surveyed 2,445

average number of units/property 153

Weighted occupancy 96.3%

average rent/unit $1,150.00

average rent/sq. ft. $1.25

the reserve at fourth and race held its grand opening in november.

The $18 million dollar historic renovation brought 88 one and two-

bedroom apartments to market at rents ranging from $925 to $2,950.

at the time of opening, only six units remained available.

residential units

*Total Completed units as of 2011= Total Completed units (available units according to the 2010 u.S. Census) + 2011 Completed units

Total Completed Units as of 2011*

Completed in 2012

2012 Under Construction

totAL ResIDentIAL UnIts

5,000

4,000

3,000

2,000

1,000

0Pen

653

4,633

3,350

4,691

3,438

oTr CBD

neighborhood

653

nu

mb

er o

f u

nit

s

7

88

51

Source: apartment realty advisors semiannual survey of the multifamily investment market, reported august 2012. 12 of 16 surveyed properties shared occupancy information.

*Central Business District includes five properties in nky and Mt. adams.


Source: Cincinnati Multiple Listing Service (MLS)

eventson September 15th, the Downtown residents Council and Downtown Cincinnati Inc.,

with the generous help of sponsors horseshoe Casino and 4eG, hosted Live It up

Downtown on Fountain Square. The celebration featured live entertainment, open

house tours, and booths with representatives from downtown small businesses and

non-profit organizations. The event was the first of its kind to showcase the growing

downtown residential community.

CBD ResIDentIAL UnIt sALes

70

60

50

40

30

20

10

0

nu

mb

er s

old

2008

42

60

1827

45

20100

2009 2010 2011 2012year

year

otR ResIDentIAL UnIt sALes

60

50

40

30

20

10

0

nu

mb

er s

old

2008

4639 3937

25

55

107 44

2009 2010 2011 2012

Condominiums SoldSingle Family Homes Sold

year

Pen ResIDentIAL UnIt sALes

7

6

5

4

3

2

1

0

nu

mb

er s

old

2008

4

5

1

3

5

3

6

0

33

2009 2010 2011 2012


Source: Cincinnati Multiple Listing Service (MLS)

Community

In February, close to 200 revelers participated in the 7th Annual

Balls Around the Block fundraiser, which raised over $6,300 to help

resurface 18,000 square feet of the one-acre Fido Field. The off-leash

dog recreation area, developed by downtown residents and funded

in part by a generous contribution from P&G, The Iams Company, is

located at 630 eggleston avenue.

the second annual Breakfast with santa and a firefighter

at the Cincinnati Fire Museum was hosted in partnership with

Downtown Cincinnati Inc., Family Friendly Cincinnati, and Panera

Bread. at the event, 50 children, with their parents and grandparents,

enjoyed a morning of food, crafts, storytime, and photos with

Santa on a fire truck.

Project Downtown cincinnati, an interfaith effort led by the

university of Cincinnati Muslim Students’ association, prepared and

handed out over 3,700 bagged lunches in 2012, with contributions

from Panera Bread and individual donors.

CBD AveRAGe seLLInG PRICes

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

aver

age

selli

ng

pri

ce

2008 2009 2010 2011 2012

$128,500

$185,000

$297,669 $304,235 $311,491

$257,535 $270,273

$0 $0 $0

year

Condominiums

Single Family Home

otR AveRAGe seLLInG PRICes

2008

$168,458

$172,188

$168,145

$105,925

$164,173

$157,885

$167,638

$103,500

$193,863

$184,607

2009 2010 2011 2012year

$250,000

$200,000

$150,000

$100,000

$50,000

$0

aver

age

selli

ng

pri

ce

Pen AveRAGe seLLInG PRICes

2008 2009 2010 2011 2012year

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

$203,820

$147,067

$272,477

$0

$126,150

$185,817

$282,500

$165,047

$239,00

$199,900

aver

age

selli

ng

pri

ce



With more than $574 million in projects under construction and scheduled

for completion by 2014, downtown continued exponential growth.

horseshoe Casino and dunnhumbyuSa were among the newly proposed

arrivals and expansions in the CBD, while stalwarts, such as Procter &

Gamble, which celebrated its 175th anniversary, continued to find success

at home. over 1,000 new jobs were added in 2012, strengthening

downtown’s position as the economic heart of the region.

work

1 21c Museum hotel 609 Walnut Street Cee $57.80 2012

2 City home (Phase II) Pleasant Street reS $2.16 2012

3 Federal reserve Building/The reserve Fourth and race Streets MIX $16.50 2012

4 Igby’s 122 east Sixth Street Cee $4.80 2012

5 Moerlein Lager house 115 Joe nuxhall Way Cee $10.00 2012

6 Paint Building 1400 vine Street MIX $5.70 2012

7 Phyllis W. Smale riverfront Park Phase 1 riverfront Cee $30.00 2012

8 Sky Lofts/The edge 310 Culvert Street oFF $10.00 2012

9 Washington Park (includes Garage) Washington Park Cee $48.00 2012

10 Bakery Lofts 1421-1423 race Street reS $2.45 2013

11 Boca/Sotto 114 & 118 east Sixth Street Cee $9.80 2013

12 B-Side apartments 1437 republic and 13 West 15th reS $4.50 2013

13 Cincinnati Streetcar CBD/oTr aCC $106.00 n/a

14 e.W. Scripps office expansion 312 Walnut Street oFF $1.00 2013

15 horseshoe Casino Broadway Commons Cee $400.00 2013

16 hummel Building 1401 elm Street MIX $1.70 2013

17 hyatt regency hotel 151 West 5th Cee $17.00 2013

18 John Weld Peck Federal Building 550 Main Street oFF $34.00 2013

19 kao uSa office expansion 312 Plum Street oFF $15.00 2013

20 Mercer Commons vine between 13th and 14th Streets MIX $62.00 2013

21 Park haus Scattered reS n/a 2013

22 republic Street Lofts 1406 and 1412 republic Street reS $2.00 2013

23 rothenberg Preparatory academy east McMicken avenue and Main Street Cee $16.90 2013

24 Westfalen II 1426-1438 race Street MIX $8.60 2013

25 1401 elm 1401 elm Street MIX $1.70 2013

26 1606-1608 Walnut 1606-1608 Walnut Street reS $1.40 2014

27 309 vine 309 vine Street oFF $15.00 2014

28 617 vine Street (old enquirer Building) 617 vine Street Cee $27.32 2014

29 abington Flats 33 Green Street reS $3.80 2014

30 anna Louise Inn/Cincinnati union Bethel 300 Lytle Street reS $12.40 2014

31 Cintrifuse 1311-1315 vine Street MIX $13.60 2014

32 City of Cincinnati Parking Garage Sycamore Street between 7th and 8th Streets MIX $11.50 2012

33 dunnhumbyuSa Centre Fifth and race Streets MIX $122.00 2014

34 holiday Inn hotel Broadway and Seventh Streets Cee $14.00 2012

35 Lytle Tunnel renovation Lytle Park and I-71 aCC $25.50 2015

36 Music hall revitalization 1243 elm Street Cee $95.00 n/a

37 nicolay 14th and republic Streets MIX $2.34 2013

38 Smale riverfront Park (Phase 2-5) riverfront Cee $90.00 2018

39 Tea Company Townhomes 18-20 West 13th, 1307 republic MIX $2.99 2014

40 The Banks (hotel) riverfront Cee $45.00 2015

41 The Banks (Phase 2) riverfront MIX $67.00 2015

42 yMCa 1105 elm Street MIX $28.10 2014

Co

MPL

eteD

Un

DeR

Co

nst

RU

CtI

on

PRe-

Dev

eLo

PMen

t/PR

oPo

seD

Completion/ Investment Anticipated Project name Address type ($M) Completion

2012 CBD DeveLoPMent By PRojeCt tyPe

DoWntoWn DeveLoPMent

*Mixed use refers to the properties that include more than one use, such as residential units or office space with ground floor retail.

aCC=access & Parking

Cee=Cultural/entertainment/education

MIX=Mixed use*

oFF=office

reS=residential (only)

note: Includes projects with a disclosed investment amount of $1 million or more that are completed, under construction, or proposed as of year-end 2012.

see MAP on next PAGe >11 DoWnToWn CInCInnaTI InC.

$866M

$132M

$344M

$75M

$29M

DoWntoWn DeveLoPMent

$185 million was invested in 2012, with more than $574 million in projects under

construction and scheduled for completion by 2014.


11 4

25

17

3

22

30

35

31

29

36

166

18 8

24

26

23

219

42

39

37

13 15

14

405

738

27

1012

20

19

1

2

41

28

33

3432

CLAss A - CInCInnAtI CBD offICe InventoRy % vacant ytD Absorption Weighted Rate

2007 18.0% 153,957 $21.79

2008 16.7% 120,250 $21.61

2009 18.2% (125,860) $21.77

2010 19.0% (50,447) $21.89

2011 18.9% 262,765 $23.37

2012 22.1% (200,115) $21.69

CLAss B - CInCInnAtI CBD offICe InventoRy % vacant ytD Absorption Weighted Rate

2007 14.1% 56,487 $14.66

2008 18.2% (146,618) $14.58

2009 19.7% 35,557 $15.00

2010 13.00% (29,545) $15.80

2011 18.10% (320,757) $15.83

2012 17.90% 16,923 $15.36 * unless otherwise noted, all office statistics in this section were provided by Colliers International. 2012 data is from Q4 Cincinnati office report.

**2010-2011 amounts differ from previously reported data due to historical adjustments.

The Cincinnati City Planning Commission approved a development agreement with

cincinnati center city Development corp. (3cDc) on a four-parcel project at

Fifth and race Streets, to include space for commercial development and parking. The

complex will become the new headquarters of dunnhumbyusA. The market research

firm expects to grow from 450 employees to 1,200 employees by 2018, outgrowing

its current headquarters in The offices at 444 West Third Street.

Developer rock Gaming exceeded its goal for 20% minority inclusion, and awarded

more than 37.3% of a total $147 million in horseshoe Casino construction contracts

to minority and women-owned businesses.


2012 ReGIonAL offICe Inventory of Rentable sq. ft. vacancy Rate Average Rental Rate 2012 net Absorption

Blue ash 4,598,290 16.4% $17.80 24,003

CBD 18,047,286 18.1% $19.24 (145,399)

CBD - Periphery 3,495,606 26.1% $17.14 2,026

east 2,556,179 19.5% $15.69 (56,245)

I-71 Corridor north (of I-275) 4,464,807 20.3% $18.97 127,318

I-75 Corridor north (of I-275) 2,271,896 8.2% $19.94 53,029

kenwood/Montgomery 2,070,071 10.2% $21.51 53,135

Midtown 3,317,554 18.7% $18.08 (157,159)

northern ky 7,366,882 24.3% $18.45 (405,595)

Tri-County 4,824,584 30.2% $15.44 (163,411)

West 752,742 22.0% $17.29 16,445

totAL ReGIonAL 53,765,897 20.0% $18.13 (651,835) * unless otherwise noted, all office statistics in this section were provided by Colliers International. 2012 data is from Q4 Cincinnati office report. **2010-2011 amounts differ from previously reported data due to historical adjustments.

MAjoR 2012 LeAse tRAnsACtIons: CInCInnAtI CBD Company Location sq. ft. type

kao uSa Inc. 312 Plum Street 54,907 new

urS 525 vine Street 20,551 relocation (L)

Trivantis Corp 311 elm Building 18,618 renewal

Cadre Computer PnC Center 10,823 relocation (L)

Calfee halter & Griswold First Financial Center 8,982 new

acosta Sales & Marketing, Inc. 1009 race Street 8,400 new

Daymon Worldwide 125 e Court Street 7,938 new

Fund evaluation Group PnC Center 7,783 renewal

DuCharme, McMillen and associates 312 elm Street 7,011 new

uSB ascent Group uS Bank Tower 6,660 renewal

totAL 151,673

Source: Xceligent, Inc. Please note: Listed are the top ten leases signed in 2012, according to square feet. Start dates of occupancy vary. (L) Local

2012 CInCInnAtI CBD offICe Inventory of Rentable sq. ft. vacancy Rate Average Rental Rate 2012 net Absorption

Class a 8,815,068 22.1% $21.69 (200,115)

Class B 6,271,749 17.9% $15.36 16,923

Class C 2,960,469 6.7% $13.30 37,793

totAL 18,047,286 18.1% $19.24 (145,399)

the CBD is home to seven fortune 500 companies:

• The Kroger Company (No. 23)

• Procter & Gamble (No. 28)

• Macy’s (No. 109)

• Fifth Third Bancorp (No. 361)

• Omnicare (No. 416)

• Western & Southern Financial Group (No. 471)

• American Financial Group (No. 485)

Beauty care manufacturer KAo usA Inc. moved its headquarters

from Spring Grove avenue to the 312 Plum Building. kao

relocated to 55,000 square feet of space on the 10th, 11th, and

a portion of the 9th floors of the building.


The City of Cincinnati partnered with over-the-rhine-based SoMoLend,

a crowd-sourcing web-based platform connecting entrepreneurs with

investors, to boost economic development and job creation by lending

up to $400,000 to qualified SoMoLend businesses.

In 2012, ArtWorks’ SpringBoard program graduated its 100th creative

entrepreneur. Since its launch in June 2011, SpringBoard graduates

started 19 new area businesses or nonprofits, including retail shops,

restaurants, video production companies, artist cooperatives, creative

nonprofits, and design boutiques, such as visuaLingual.2012 U.s. RentAL RAtes: CBD CLAss AChicago $37.36

Los angeles $36.12

Denver $30.00

Portland $24.89

Dallas $23.68

Detroit $22.80

Cincinnati $21.69

Cleveland $21.33

nashville $20.50

Indianapolis $19.03

kansas City $18.90

atlanta $18.87

new york City (Downtown Manhattan) $18.75

Columbus $18.52

Memphis $18.26

St. Louis $17.73

Boston $13.92

Washington DC $11.90

houston $10.69

Philadelphia $10.59

raleigh/Durham $8.74

2012 U.s. vACAnCy: CBD CLAss A & B Dallas 27.6%

Detroit 20.9%

Cleveland 19.1%

Los angeles 19.0%

Cincinnati 18.1%

atlanta 16.9%

St. Louis 16.7%

new york City (Downtown Manhattan) 15.4%

Memphis 14.7%

kansas City 14.4%

houston 13.7%

nashville 13.5%

Indianapolis 13.3%

Chicago 13.2%

Boston 13.1%

Denver 12.3%

Columbus 11.9%

Philadelphia 10.8%

Washington DC 10.5%

Portland 9.9%

raleigh/Durham 6.1%

Source: Colliers International Q4 2012 north america highlights


U.s. AnD CInCInnAtI offICe vACAnCy RAtes


17.7

%

14.7

%

21.8

%

15.4

%

19.4

%

14.5

%

23.3

%

17.4

%

21.9

%

14.8

%

24.3

%

16.7

%

19.0

%

13.7

%

20.7

%

15.6

%

18.1

%

13.3

%

21.0

%

15.3

%

25%

20%

15%

10%

5%

0%2008 2009

year2010 2011 2012

first financial Bank added its name to the Queen City skyline, installing

its sign on the east and south sides of its new corporate headquarters.

The 31-story First Financial Center, formerly known as the Chemed Center,

is located at 255 Fifth Street.

Cincinnati CBD

U.S. CBD

Cincinnati Sub

U.S. Suburban


$25

$20

$15

$10

$5

0

CInCInnAtI CBD offICe RentAL RAtes

2008

$23.

20

$15.

93

$11.

72

$21.

77

$15.

00

$11.

74

2009

year

$21.

90

$15.

80

$11.

72

2010

$23.

37

$15.

83

$11.

84

2011

$21.

69

$15.

36

$13.

30

2012

CBD Class ACBD Class B

CBD Class C

Average Regional Rental All ClassesAverage CBD All Classes


Procter & Gamble celebrated its 175th anniversary in 2012. Its first office

in downtown Cincinnati was established in 1837

on the corner of sixth and Main streets.

CInCInnAtI DoWntoWn WoRkeRs CBD 56,224

CBD, oTr and Pen 61,308

CInCInnAtI CBD WoRkeRsDistance from Home

Less than 10 miles 26,741 48%

10 to 24 miles 18,411 33%

25 to 50 miles 3,629 7%

Greater than 50 miles 7,443 13%

total Workers with Primary jobs in the CBD 56,224 100%

note: employment numbers fluctuate from year to year. employment data available at time of publication of this report is about 18 months in arrears. Totals reflect only those workers with primary jobs, in the defined area. Workers may or may not be physically present downtown on a daily basis. For instance, approximately 13% of workers reported home zip codes more than 50 miles from downtown and therefore may represent telecommuters.

Source: ontheMap, an application from the u.S. Census Bureau Longitudinal employer-household Dynamics (LehD) program, in partnership with state labor market information agencies.

according to the City of Cincinnati Department of economic Development,

1,091 new jobs were created downtown in 2012. The new 21C

Museum hotel made available 160 positions, dunnhumbyuSa grew by 550,

kao uSa added 161 jobs with the announcement of its new downtown

location, e.W. Scripps Company expanded its space to accommodate 125

new employees, and Mahogany’s at the Banks hired a staff of 54 workers.

horseshoe Casino was on its way to filling 1,700 positions in 2012, a hiring

push which continued through spring 2013.


play


In 2012, Cincinnati played host to singers from over 60 countries for the

2012 World Choir Games, attracting thousands of visitors, both local and

international. Fifty-nine new businesses opened downtown, providing

abundant new options for eating, drinking, shopping and fun. The opening

of two new state-of-the-art parks elevated the beauty of downtown,and

visitors had a chance to view it all from the vantage point of the Pedal

Wagon – Cincinnati’s most unique do-it-yourself tour vehicle.

key ConventIons BookeD In 2012 Group event Dates Room nights

educational I Testing Service 2015 21,015

educational II Testing Service 2016 21,015

Prince hall Shriners 2015 15,373

national Baptist uSa 2017 12,021

national association of Pastoral Musicians 2017 6,963

Cincy Flames I 2013 4,600

nature’s Sunshine Products, Inc. 2014 4,143

Cincy Flames II 2013 4,000

Cincy Flames III 2013 3,960

Cincy Flames Iv 2013 3,675

ConventionsIn 2012, Cincinnati became the first u.S. city to host The World Choir

Games. The event drew 15,000 participants in 364 choirs from over

60 countries. Multiple venues across downtown Cincinnati and beyond

were showcased, and thousands of visitors kept nearby hotels and

businesses busy from July 4 to July 14.

hotelsThe 21C Museum Hotel, a 156-room boutique hotel, opened on

november 26, 2012 at the former site of the Metropole hotel, next to

the Contemporary arts Center. The hotel features 8,000 square feet

of museum exhibition, meeting and event space, a spa, rooftop bar,

and the Metropole restaurant.

yeAR-enD HoteL CoMPARIson Avg. occupancy Avg. Rate/night RevPAR* 2011 2012 2011 2012 2011 2012

Downtown 62.9% 61.3% $122.56 $126.15 $77.04 $77.37

Gr. Cincinnati 55.5% 55.5% $86.39 $90.04 $47.92 $50.32

Cincinnati uSa (oh-ky-In)

55.6% 56.2% $84.71 $86.78 $47.11 $48.76

national 60.1% 61.4% $101.64 $106.10 $61.06 $65.17

*revPar: revenue per available room

DoWntoWn HoteLs Hotel Rooms

Millennium hotel Cincinnati 872

hilton Cincinnati netherland Plaza 561

hyatt regency Cincinnati 486

Westin hotel Cincinnati 456

21C Museum hotel 156

Garfield Suites hotel 152

The Cincinnatian hotel 146

The residence Inn at Marriott hotel 134

The Symphony hotel 6

Source: hotel and convention data provided by Cincinnati uSa Convention & visitors Bureau.

*In 2010, the economics Center at the university of Cincinnati estimated the total economic impact of the 2012 World Choir Games to be $73.5 million, which represents all direct and indirect spending related to the event. The economic impact figure above represents estimated direct spending from event participants only (choirs).

toP 10 ConventIons HosteD In 2012 (by total Hotel Room nights)

Group Room nights estimated Direct Attendee spending (in millions)

2012 World Choir Games* 26,610 $7.90

educational Testing Service 19,472 $5.80

neighborWorks america 6,913 $2.10

american Society of agronomy 6,785 $2.00

v-Twin expo 6,244 $1.90

Children’s Defense Fund 6,079 $1.80

adventist-Laymens Services & Industries 5,096 $1.50

aau Boy’s Basketball 4,235 $1.30

academy of Managed Care Pharmacy 4,102 $1.20

uSa Gymnastics 3,691 $1.10

totAL 89,227 $26.60


+PriceWaterhouseCoopers hospitality Directions report. January, 2013

70%

60%

50%

40%

30%

20%

10%

0%

HoteL oCCUPAnCy RAtes

2008

60%

55%

55%

60%

55%

51%

52%

57%

2009

year

58%

52%

53%

62%

2010

60%

56%

56%

63%

2011

61%

56%

56%

61%

2012

occ

up

ancy

rat

eye

ar

2012

2011

2010

2009

2008

millions of dollars

eConoMIC IMPACt of totAL CvB RooM/nIGHts BookeD

$0 $10 $20 $40$30 $50 $60 $70

$61

$61

$60

$59

$56

250,000

200,000

150,000

100,000

50,000

0

250

200

150

100

50

0

mee

tin

gs

bo

oke

d

roo

m/n

igh

ts

totAL CvB RooM nIGHts & MeetInGs BookeD

2008

141

$187

,887

$198

,219

2009

130

year

$200

,317

2010

138

$205

,586

2011

141

$205

,715

2012

195

Total Room Nights

Meetings Booked

year

$130

$125

$120

$115

$110

$105

$100

$80

$75

$70

$65

$60

$55

$50

rev

PAr

rate

/nig

ht

DoWntoWn HoteL PeRfoRMAnCe

2008

$73.89

$124

.14

$115

.32

$117

.98

$122

.56

$126

.15

2009 2010

$73.41

2011

$77.04

2012

$77.37

$66.25

Average Room Rate/Night

RevPAR


Downtown

Greater Cincinnati

Cincinnati USA (OH-KY-IN)

National+

DInInGBars/nightclubs 34

Coffee/Bakeries/Ice Cream 24

Lunch restaurants 79

Fast Casual Dining 19

Full Fare restaurants 49

Private Membership Clubs 2

Banquet rooms 6

totAL 213

sHoPPInGantiques/auction houses 3

apparel/Shoes/accessories 27

Beer/Wine/Liquor 4

Department Stores/Malls 4

Galleries 7

Gifts/Books/novelty 29

home Furnishings/art 12

Jewelry/Furs 11

Food/Convenience Markets 18

Pharmacies/newsstands 6

totAL 121

seRvICesBeauty 27

Fitness/health 14

eyewear 5

auto/Bike/home repair 6

Car/Bike rentals 9

City Tours 6

Florists/Wedding 4

Funerial 1

Libraries 3

Pets 2

Printing 3

Tickets/Travel 4

Wireless/electronics 7

Cleaners/Tailors/Shoe repair 6

totAL 97

DoWntoWn RetAIL MIx

DINING49%

SHOPPING28%

serVIces23%

DoWntoWn RetAIL AvAILABILIty Base sf Available sf % Available

2012 2,984,603 112,847 3.8%

2011 3,011,603 136,269 4.52%

2010 2,988,441 137,529 4.60%

2009 2,403,000 278,923 11.61%

2008 2,403,035 208,338 8.67% Source: CBre

CBD RetAIL ReAL estAte occupancy Rate* sales per sf** Avg Rents per sf*

2012 96.2% $87.49 $13.74 Source: * CBre Internal Database / ** Costar Comps Database

retail


2012 neW DoWntoWn estABLIsHMents name Address

1215 Wine Bar & Coffee Lab 1215 vine Street

american Legacy Tours 1214-20 vine Street

aunt Flora’s Cobbleria 213 West Fourth Street

Bakersfield 1213 vine Street

Burnell’s 915 vine Street

Charmz Fashion & nail Boutique 1109 vine Street

Cincinnati Bike Center 120 east Mehring Way

Cincy by the Slice 1207 Main Street

Coffee emporium 301 east Fourth Street

Collective espresso 207 Woodward Street

Core Cincinnati 1423 vine Street

Crave 175 Joe nuxhall Way

Currito 121 east Fifth Street

Diamond Palace nightclub 435 elm Street

Dollar Depot 927 vine Street

Dunkin’ Donuts 425 Walnut Street

Dynasty 709 Main Street

everything’s d’vine 320 West Fourth Street

Fastsigns 120 West Seventh Street

freshii 425 Walnut Street

Grecos 700 West Pete rose Way

Grunn Funeral home 825 Main Street

hello honey 633 vine Street

hertz 601 elm Street

Igby’s 122 east Sixth Street

kaze 1400 vine Street

Leftcoast Modern Cincinnati 323 West Fourth Street

Le’s Pho 3 east Court Street

Local’s Bar & Grill 19 east Seventh Street

Mahogany’s 180 east Freedom Way

name Address

Main City Station 1420 Main Street

Metropole 609 Walnut Street

Moerlein Lager house 115 Joe nuxhall Way

on the run Cleaners 1331-35 vine Street

orange Leaf 160 Walnut Street

Panera Bread 1 east Sixth Street

Pedal Wagon 407 vine Street

Quan hapa 1335 vine Street

Queen City Wine & Spirits 113 east Fifth Street

reser Bicycle outfitters 1419 vine Street

ruth’s Chris Steak house 100 east Freedom Way

S & J Cafe at the Main Library 800 vine Street

Silver Ladle 580 Walnut Street

Simply Grand 301 east Fourth Street

Steam Whistle Letterpress & Design 1342 Main Street

Streetpops 1437 Main Street

Substance for Fashion Conscious People 1435 Main Street

The anchor 1401 race Street

The Spotted Magpie 1420 Main Street

Tin roof 160 east Freedom Way

Toby keith’s I Love This Bar & Grill 145 Second Street

Tom + Chee 420 Walnut Street

Tot Dogs 634 vine Street

uncle Mo’s Cafe 203 east Seventh Street

WG kitchen & Bar 161 east Freedom Way

What’s in the Skillet? 211 West Fourth Street

Whisky Bar 537 east Pete rose Way

World 5.0 healing our Life Together Bookstore

619 Main Street

zipcar Multiple locations

totAL 59 opened

the four entertainment Group

(4eG) debuted its tenth bar in ten

years in December — the new Igby’s

on Sixth Street, between Main and

Walnut Streets. With a completely

renovated interior, Igby’s boasts

three stories of entertainment with

a balcony overlooking restaurant

row. Igby’s offers a seasonal menu

of small bites and shareable plates,

vintage cocktails, a 16-tap draft

lineup featuring seasonally rotating

local, import and craft beers, and

a distinctive wine selection.


tiffany & Co. celebrated 175 years in 2012. The

downtown Cincinnati store at

Fifth and vine Streets opened

in 1997.

arts & Culture

cincinnati opera exceeded its 2012 income goal by

6%, with a season that included its first-ever production

of the Gershwins’ Porgy and Bess in June and July

2012. Porgy and Bess surpassed both its income and

attendance goals, and set a record with the third-highest

attendance of an opera production in Music hall, just

behind Carmen (2004) and Aida (2007).

Greater Cincinnati’s first 15-person, pedal-powered

party on wheels launched in Covington, newport

and Cincinnati in 2012. The Pedal Wagon can

accommodate six pedalers on each side, three riders on

the rear bench, and the driver. The participants provide

the power, supplemented by an electric motor for hills

and weary pedalers. Partnering with american Legacy

Tours, the wagon was seen throughout downtown on

history tours, pub crawls and public events in 2012.


fotofocus, a nonprofit arts organization, launched

its first biennial month-long regional celebration of

historical and contemporary photography and lens-

based art, in october 2012. artWorks artists designed

photo booths that were positioned on Fountain Square.

Participating downtown venues and partners included

the Contemporary arts Center, the Weston art Gallery,

the Mercantile Library, the architectural Foundation of

Cincinnati, the art academy of Cincinnati, 21c Museum

hotel, the Carl Solway Gallery, and the gallery at the

emery Theatre.

smale riverfront Park held its grand opening on May 18, 2012. The completed

first phase encompasses the area along Mehring Way between the roebling

Suspension Bridge and Great american Ball Park. Features include the Moerlein

Lager house, the new Bike, Mobility, and visitors Center, the Jacob G. Schmidlapp

Stage and event Lawn, the Black Brigade Monument, a labyrinth, the Walnut Street

fountains & steps, and multiple water displays.

the cincideutsch christkindlmarkt, the first-ever, authentic German Christmas

market on Fountain Square, added to the downtown holiday traditions in 2012. on

november 23, 24, and 25, visitors found market booths selling sweets, mulled wine

(Glühwein) and other warm drinks, beer, and seasonal gift items for the holidays.

The market complemented Macy’s Light up the Square and Macy’s Downtown

Dazzle events, which feature the popular ice rink, rapelling Santa and the annual

lighting of the Christmas tree on Fountain Square.


use of the Main Library of the Public Library of Cincinnati &

hamilton county increased dramatically in 2012. nearly 6.6 million

books and other materials were borrowed, up 10% over 2011. There

were more than 1.3 million visits last year, an increase of more than

26,000 from the previous year. attendance at free programs exceeded

56,000 (an increase of nearly 12% over 2011) and the number of

computer sessions grew by nearly 19% from the prior year.

CULtURAL AttRACtIonsorganization 2008 2009 2010 2011 2012

Cincinnati art Museum 245,247 228,745 203,212 272,352 295,661

Fire Museum of Greater Cincinnati 9,041 8,990 8,998 9,632 7,746

Cincinnati Museum Center 1,310,000 1,484,607 1,308,658 1,572,554 1,302,542

Contemporary arts Center 54,364 44,167 57,848 55,388 45,586

national underground railroad

Freedom Center 138,016 113,873 113,213 109,500 115,000

Taft Museum of art 59,139 54,263 52,625 56,107 57,237

The Betts house 969 1,363 1,234 1,390 1,430

krohn Conservatory 273,903 294,890 336,572 283,169 250,000

Main Library/Public Library of

Cincinnati & hamilton County 1,344,302 1,408,323 1,363,971 1,419,754 1,320,208

Washington Park* n/a n/a n/a n/a 500,000

Mercantile Library 4,411 3,591 5,517 4,288 3,443

totAL 3,439,392 3,642,812 3,451,848 3,784,134 3,898,853

*re-opened in 2012 after a $48 million renovation.

tHeAteRsorganization 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012

Children’s Theatre of Cincinnati 105,230 97,654 80,000 86,000 86,400

Cincinnati arts association* 239,203 205,000 172,164 225,000 236,683

Cincinnati Ballet 40,739 45,516 54,576 53,676 54,955

Cincinnati May Festival** 15,663 14,563 11,123 11,325 43,029

Cincinnati opera 25,072 25,907 21,410 22,675 22,534

Cincinnati Playhouse in the Park 207,614 188,336 188,327 194,512 181,002

Cincinnati Shakespeare Company 16,069 16,765 17,800 22,681 20,410

Cincinnati Symphony orchestra/ Cincinnati PoPS 229,368 192,000 190,875 185,255 232,010

ensemble Theatre Cincinnati 24,145 30,270 30,020 27,539 33,038

Fifth Third Bank Broadway across america – Cincinnati 296,157 212,800 194,698 144,935 245,311

know Theatre of Cincinnati 5,154 5,615 5,808 3,523 9,490

School for Creative & Performing arts 10,324 8,699 10,200 14,150 13,250

Showboat Majestic 17,905 15,127 14,886 15,331 15,226

Taft Theatre n/a n/a n/a 130,000 176,000

totAL 1,232,643 1,058,252 991,887 1,136,602 1,369,338

*Does not include Cincinnati Symphony orchestra/Cincinnati Pops, Cincinnati Ballet, Cincinnati opera, Cincinnati May Festival or Broadway in Cincinnati. **Cincinnati May Festival 2012 includes The World Choir Games opening and Closing Ceremonies, and the Washington Park Concert.

ARts AnD CULtURe AttenDAnCe

Bunbury Music Festival launched in July 2012 and featured 100 live alternative

music performances on six stages over three days, throughout Sawyer Point and

yeatman’s Cove. In all, the festival drew over 50,000 guests, 40% of whom

travelled to the festival from outside the Greater Cincinnati area.

the cincinnati Ballet hit a new revenue record for overall ticket sales in the

2011-2012 Season at $2.23 million. The average ticket price increased from

$45.45 in the 2010-2011 Season to $50.57 in the 2011-2012 Season. In 2011,

Cincinnati Ballet presented the world premier Frisch’s Presents The new

nutcracker. This led to record nutcracker ticket sales for the Cincinnati Ballet Box

office at $1.21 million, a 49% increase over the 2010 nutcracker. nutcracker

attendance grew by 41% from 2010.


ARts AnD CULtURe AttenDAnCe (continued)

sPoRts AnD ReCReAtIon venUesorganization 2008 2009 2010 2011 2012

Cincinnati Bengals* 645,583 684,557 589,897 475,541 727,518

Cincinnati reds 2,058,632 1,747,919 2,060,550 2,213,498 2,347,251

Findlay Market 612,230 760,421 802,862 881,409 938,431

riverfront events/Cincinnati Park Board* 545,255 527,087 739,911 900,000 886,537

riverfront Daily Park users** 50,000 175,000 175,000 200,000 1,063,844

uS Bank arena 564,909 524,792 539,397 516,970 505,400

totAL 4,576,609 4,419,776 4,907,617 5,187,418 6,468,981

*events included but not limited to philanthropic walks, music festivals and cultural festivals not otherwise listed. **The significant jump in riverfront Park users is due to the inclusion of Theodore M. Berry Friendship Park and Smale riverfront Park (newly opened in 2012).

festIvALsorganization 2008 2009 2010 2011 2012

Black Family reunion 75,000 50,000 42,000 47,000 20,000

Cincinnati Brew ha-ha 8,000 13,000 15,000 17,500 14,000

Macy’s art Sampler (hosted by artswave)* 13,794 14,260 14,000 9,579 7,882

Cincinnati Fringe Festival 6,610 7,541 6,734 7,500 7,768

MidPoint Music Festival 13,000 15,000 20,000 22,800 23,000

oktoberfest zinzinnati 500,000 500,000 500,000 500,000 500,000

riverfest 250,000 250,000 250,000 250,000 250,000

Bluesfest 11,000 11,000 15,000 16,500 20,000

Bunbury Music Festival** n/a n/a n/a n/a 50,000

Taste of Cincinnati 500,000 500,000 500,000 500,000 500,000

totAL 1,377,404 1,360,801 1,362,734 1,370,879 1,392,650

*only includes downtown venues/events.**Bunbury Music Festival launched in 2012.

over the Rhine neighborhood festivals 2010-2011 2011-2012

Second Sundays on Main 7,000 10,000

Go oTr 5k Summer Celebration 1,000 1,300

Bockfest 8,000 10,000

totAL 16,000 21,300

fountain square events 2010–2011 2011–2012

PnC Summer Music Series 148,000 148,000

u.S. Bank Ice rink 50,000 50,000

Macy’s Light up the Square 25,000 25,000

Toyota’s new year’s eve 15,000 15,000

Macy’s Downtown Dazzle 15,000 20,000

totAL* 253,000 258,000

*Including these series, there were over 500 events on Fountain Square in July 2011 - June 2012. In all, over 2 million people were estimated to be in attendance throughout the year.

Washington Park reopened to the public on July 6, 2012 following a $48 million

makeover. The green space was expanded from six to eight acres with a new civic

lawn and performance stage, a dog park, interactive water fountains, refreshed public

restrooms, a concession building, and a children’s area featuring a play castle, sandbox

and oversized musical instruments. a 450-car parking garage was installed beneath

the park, adding convenience for visitors to Music hall, Washington Park and nearby

restaurants and homes.

Paul Brown stadium played host for the 8th year in a row to the annual Macy’s

Music Festival, which celebrated its 50th anniversary in 2012. The Cincinnati Bengals

brought training camp home to Paul Brown Stadium for the first time in club history.

27,405 fans took the opportunity to watch the team downtown on 17 different days.

The Bengals sold out six of their eight regular-season home games, with an average

of 61,188 fans attending per game, representing a 24% increase from last season.

destination: downtown

taxi shot


expanded options for getting to and around downtown in 2012 enhanced

convenience and speed of travel for locals and visitors alike. Cincinnati was

recognized as bike-friendly, Metro worked to improve the public transportation

experience for riders, and a new car share service made it easy to make quick

trips in a leased car. Communities south and north of the river worked

together to provide improved taxi service for international guests of the

2012 World Choir Games.

destination:

nAtIonAL MontHLy AnD DAILy PARkInG sURvey: UnReseRveD PARkInG RAtes MontHLy DAILy Market Median % Change from 2011 Median % Change from 2011

atlanta $95.00 0.0% $12.00 0.0%

Boston $405.00 -7.5% $33.50 -1.5%

Chicago $289.00 0.0% $35.00 9.4%

Cincinnati $125.40 -21.6% $10.00 0.0%

Columbus $95.00 -13.6% $10.00 0.0%

Dallas $87.00 2.4% $10.50 2.4%

Denver $180.00 2.9% $16.00 0.0%

houston $160.00 4.6% $15.00 3.4%

Indianapolis $115.00 15.0% $13.00 8.3%

Los angeles $220.93 5.5% $28.88 -3.7%

new york $533.00 0.0% $26.00 -13.3%

Philadelphia $313.25 3.2% $25.50 -1.9%

raleigh $105.00 5.0% $10.00 0.0%

Sacramento $145.00 -6.5% $15.00 0.0%

San Diego $175.00 2.9% $26.00 0.0%

San Francisco $375.00 0.0% $29.00 11.5%

Washington, DC $270.00 3.8% $19.00 5.6%

national Average* $166.26 1.3% $17.19 2.9% *national average is an average of all surveyed cities. This list is a sampling of surveyed cities. Survey only includes covered and underground parking garages located in the CBD. Source: Colliers International.**Percent adjusted following release of survey.

Travel By Car The Federal highway administration announced a $3.3 million grant to cover land

acquisition for the $2.5 billion Brent spence Bridge project. a $4 million study was

proposed to consider cost-saving measures and to establish a bi-state management

team to oversee the job, which could begin as soon as 2014.

Zipcar, a member-based car sharing service that allows people to use cars by the

hour or day, debuted in downtown Cincinnati with six cars available and parked in

designated spaces throughout downtown.

Source: Colliers International

$200.00

$150.00

$100.00

$50.00

$0.00

rate

CBD MontHLy PARkInG RAtes (MeDIAn)

$153

.79

$154

.23

$161

.56

$155

.22

$166

.26

$125

.00

$127

.50

$150

.00

$160

.00

$125

.40

year

year

year

$20.00

$15.00

$10.00

$5.00

$0.00

rate

CBD DAILy PARkInG RAtes

2008

$15.

42

$15.

96

$16.

36

$16.

12

$17.

19

$9.5

0

$9.5

0

$9.7

5

$10.

00

$10.

00

2009 2010 2011 2012

National

Cincinnati

National

Cincinnati

Reserved Spaces

Available Spaces

CBD Average Price

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

par

kin

g s

pac

es

Note: Reflects average price and availability for monthly contract parking in the Central Business District only.

CInCInnAtI CBD MontHLy PARkInG AnD PRICes

aver

age

pri

ce

2008 2009 2010 2011

31,710 31,618 30,203

36,473 36,917

$62 $64 $67$83

$74

2012

$160

$140

$120

$100

$80

$60

$40

$20

$0


2008 2009 2010 2011 2012

**

the League of American Bicyclists named the City of Cincinnati

a Bicycle Friendly Community in 2012. This first-time, bronze-

level award recognizes improvements made in the city’s bicycle

infrastructure and advocacy. The League cited improvements such

as the addition of shared-line markings and bike lanes throughout

the city, the installation of more than 100 bicycle racks in

neighborhood business districts; the addition of “corral”-style

bicycle parking; bicycle-specific pavement markings at priority

intersections, showing riders where to position themselves to

trigger the green light; improved signage for motorists reminding

them to “Share the road”; and the construction of the Cincinnati

Bike, Mobility, and visitors Center at Smale riverfront Park.

Metro upgraded its bus fleet, introduced new fare options, added real-time information at

Government Square, and improved its website and communication with customers. With a

renewed focus on improving the customer experience, ridership on Cincinnati Metro buses

increased 4.2 percent compared to 2011, more than the 2.6 percent average increase for

public transportation systems reported by the american Public Transportation association.

City officials in Cincinnati, Covington and newport, led by City of Cincinnati

Councilman Wendell young, signed a special agreement to make travel by taxi easier

for visitors during the 2012 World Choir Games. Taxi drivers licensed in any of the three

cities were permitted to pick up passengers throughout the area, regardless of where they

held their licenses, by displaying a special event placard. To participate, more than 200 drivers

attended a free hospitality course offered prior to the 2012 World Choir Games. 29 DoWnToWn CInCInnaTI InC.

alternate Transit

on the horizon

580 Building – anderson Birkla is planning to invest $40 million in the Sixth and Walnut building, adding about 176 apartments to redevelop the property into a mix of residential, office and entertainment space. (2014)

Apartment tower above the seventh and Broadway Garage – northPointe Group and north american Properties are proposing a new $20 million, 110-unit apartment tower with rents ranging from $1,200 to $2,200 per month. (Late 2014)

Boca and sotto – Development of the historic Maisonette and Lanormandie restaurants into the new home of the relocated Boca and new Sotto, an Italian trattoria-style eatery. (2013)

Brent spence Bridge – $2.5 billion project to rebuild the 49-year-old Brent Spence Bridge between Cincinnati, ohio and Covington, kentucky on Interstates 71/75. The bridge, which carries an estimated 4% of the national gross domestic product, is considered overcrowded with narrow lanes, a lack of emergency shoulders and limited visibility on the lower deck. (Proposed start date—2014)

dunnhumbyUsA Centre – new construction led by 3CDC at Fifth and race Streets to include five floors of office space, room for commercial development, and a parking garage for 1,000 cars. (Late 2014)

Major League Baseball’s All-star Game – The first all-Star Game in Cincinnati since 1988 and the first held at Great american Ball Park, built in 2003. (2015)

new Hotels at former enquirer Building– Developer Sree hotels has begun construction of a 105-suite extended-stay homewood Suites and a limited-service 144-room hampton Inn at the 14-story building at 617 vine Street. (2014)

smale Riverfront Park Phases 2-5 – new additions to the 45-acre riverfront park to include the PnC adventure Playground, vine Street Fountain and Steps, the P&G Go vibrant Playscape, the Cincinnati Carousel, and a boat dock. once completed, the park is expected to attract approximately 1.1 million visitors annually. (Phase 4 to be completed 2015)

the Banks Phase 2 and Hotel – new construction to create an additional 300 apartment units, more than 60,000 square feet of street-level retail, a hotel and more than 400 parking spaces at the block southeast of race and Second Streets. (2015)

tower Place Mall/ Pogues Garage – City of Cincinnati project to replace Pogues Garage with a 30-story mixed-use tower with 300 luxury apartments, 1,000 parking spaces, and a 15,000-square-foot grocery store. Plans call for Tower Place Mall to be converted into a 500-space parking garage, with 20,000 square feet of street-level commercial spaces fronting onto race and Fourth Streets. (To begin Fall 2013)


Downtown is poised to continue its impressive transformation in

coming years, as parking lots and vacant office buildings are developed

to become home to the u.S. headquarters for a world-class market

research firm, trendy new restaurants, hotels, apartments, exciting

retail options, and more residential units to meet the growing demand

for living downtown.

35 east Seventh Street, Suite 202, Cincinnati, oh 45202, 513.421.4440, www.downtowncincinnati.com

live. work. play.

2012 state of downtown

Documents

horizon1 downtown cincinnati

attractiveness of downtown

longterm downtown vitality

downtown related publications

partnersdowntown cincinnati

reportdowntown cincinnati

additional information

future report mailings