investments to date · mercer commons - $50 million gateway v - $27 million homeless to homes - $25...
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INVESTMENTS TO DATE
Ove r t he pa s t 6 yea r s :
$155 Mi l l ion CEF/CNMF investment
$122 Mi l l ion pr ivate investment
$47 Mi l l ion Ci ty investment ( w i t h a d d i t i o n a l p l e d g e o f 1 6 . 4 t h r o u g h T I F d i s t r i c t s o v e r t h e n e x t
2 0 y e a r s w i t h a N P V o f $ 7 . 7 m i l l i o n )
$324 MillionI nves t ed i n down town and OTR
CENTRAL BUSINESS DISTRICT
INVESTMENTS TO DATEIN CBD
Project Total Investment
Fountain Square $48,920,500
CBD Land Banking $11,450,096
Lofts at Fountain Square $5,345,000
McAlpin $19,441,656
Walnut Street Streetscape $405,721
Righteous Room $2,233,978
Bootsy's $3,377,000
21c $55,920,079
Maisonette $14,826,311
TOTAL $161,920,341
OVER-THE-RHINE
INVESTMENTS TO DATEIN OTR
UPCOMING INVESTMENTS
Ove r t he nex t 12 mon th s :
Mercer Commons - $50 Mi l l ion
Gateway V - $27 Mi l l ion
Homeless to Homes - $25 mi l l ion
$102 Million
I nves t ed i n OTR
OVER-THE-RHINE
RESIDENTIAL SALES
Ga teway I , I I , I I I & IV: 144 of the 186 condos (77%) are sold
RESIDENTIAL SALES
Ga teway IV, Wes t f a l en Lo f t s : Completed in late March, 9 units
RESIDENTIAL SALES
Ga teway IV, C i t y Home Phase 1B : Ribbon Cutting TODAY, 4 units
RESIDENTIAL LEASING
Ga teway I , I I & I I I : 68 of the 68 apartments (100%) are leased
RESIDENTIAL LEASING
• 12 apartments designated for Art Academy of Cincinnati students
Continuously occupied
• 32 apartments located in Parvis Lofts, 1400 block of Vine
Opened in December 2010 and leased within three months
• 16 apartments converted from condos located in Belmain, 1202 Main St
Opened in June 2011 and leased within one month
• 8 apartments located at 24 East 14th Street
• Opened in December 2010 and leased within one month
COMMERCIAL LEASING
64% of space leased (58,189 SF of 91,038 SF). Currently negotiating multiple leases.
Cincy Haus – Opened April 30
COMMERCIAL LEASING
A Tavola Bar + Trattoria – Opened May 31
COMMERCIAL LEASING
Abigail Street - Coming Soon
COMMERCIAL LEASING
COMMERCIAL LEASING
• Opening soon
Abigal Street, 1216 Vine Street
Taste of Belgium, 1133-35 Vine Street
Bakersfield, 1213 Vine Street
Ionic Collective, 1326 Vine Street
Harper Sloane, 1216 Vine Street
On The Run Cleaners, 1332 Vine Street
• Currently negotiating 8 letters of intent
Would bring total leased SF to 80% of available space
Saengerhalle Office Building, home of 3CDC
COMMERCIAL LEASING
SAENGERHALLE TENANTS
Parvis, 1400 Block of Vine
COMMERCIAL LEASING
PARVIS TENANTS
Parvis Tenants SF Business Type
Projected
Employees
OTR Sales Center 1,065 Residential sales 2
Mannequin 1,980 Clothing Boutique 3
Brandery 4,605 Consumer marketing
venture accelerator
28
Kathy Hamm Gallery 565 Art Gallery 2
Available Space 7,490 --- ---
Total 15,705 35
• A non-profit, started in 2010
• Entrepreneurship support organization focused on
economic growth in the region
• Annually selects 5 companies for a 12 week program
Each receive $20,000 in seed funding
Three months of mentorship
An opportunity to pitch to angel investors and
venture capitalists at the end of the program
• In 2011, The Brandery plans to become a community
center for start-ups in the Greater Cincinnati region
PARVIS TENANTS
NEW SERVICES
$6 Valet Parking• Loca ted on V ine S t . • Thurs – Sat• 5pm to M idn igh t
Ambassador Program
• Route includes Vine and Main streets between Liberty Ave. and Central Parkway and 12th
and 13th streets between Vine and Main streets
• Office is located at 1417 Vine St.
• Clean Team
One ambassador
Schedule
o Monday through Friday, 6am to 2:30pm
o Saturday & Sunday 8:30am to 5pm
Focus on litter patrol, graffiti removal, weed abatement, and pressure washing
• Safe Team
Two ambassadors
Schedule
o Thursday, Friday and Saturday from 3:30pm to Midnight
Panhandling interactions, bike patrols and safety patrols.
NEW SERVICES
•Mercer Commons
•Color Building
•15th & Republic
•Parvis II
•Bakery Lofts
•13th & Republic
•Nicolay
•1401 Elm
•Westfalen II
Mercer Commons
• $50 million project
• 2.67 acres – 19 buildings and 26 vacant parcels
• 101 market rate apts.
• 30 affordable apts.
• 28 condominiums
• 28,651 SF commercial
• 369 parking spaces
MERCER COMMONS
MERCER COMMONS
Phase 1 Phase 2 Phase 3 Total
Commercial/Office (SF) 13,853 13,725 1,073 28,651
Condos 28 - - 28
Apartments - 67 64 131
Parking 350 - 19 369
MERCER COMMONS
MERCER COMMONS
Aerial view from southeast
MERCER COMMONS
Phase I
MERCER COMMONS
Phase 1 Commercial/Office (SF) 13,853 Condos 28 Apartments 0 Parking 350
Proposed Vine Street Elevation
Existing Vine Street Elevation
Vine Street Elevation - East
Mercer Street Elevation - South
MERCER COMMONSPhase I E leva t ions & Render ings
Vine Street Rendering
Phase II
Phase 2 Commercial/Office (SF) 13,725 Condos 0 Apartments 67 Parking 0
Proposed Walnut Street Elevation
Existing Walnut Street Elevation
New Building ‘G’
MERCER COMMONSPhase I I E leva t ions & Render ings
Walnut Street Elevation - West
14th Street Elevation - South Walnut Street Rendering
Phase III
Phase 3 Commercial/Office (SF) 1,073 Condos 0 Apartments 64 Parking 19
MERCER COMMONSPHASE III ELEVATIONS
14th Street Elevation - South
Mercer Street Elevation - North
Color Building 1400 Vine St.
•Project Cost: $4.1 million•6,000 SF office•3,680 SF restaurant/retail
GATEWAY QUARTER PHASE V:
•Prior to renovation over 100,000 gross SF of space
•21 vacant buildings will be redeveloped into 98 residential units and 8,500 SF street level commercial space
13th and Republic
•12,600 Gross SF•9 for sale units•1,065 SF of commercial space•Project cost: $2,579,626
Westfalen II1426-1438 Race Street
•32,798 Gross SF•30 for sale units•5,400 SF of commercial space•Project Cost: $6,699,554
Bakery Lofts Project1421 – 23 Race St.
•10,402 Gross SF•9 for sale units•Project Cost: $2,344,266
Republic Street Project
•6,500 Gross Sf•5 for sale units, 17 rentals•Project Cost: $3,846,821
Parvis II1406 and 1412 Republic Street
•12,300 Gross Sf•13 rentals•1,130 SF of commercial space•Project Cost: $2,550,407
Nicolay 1401 Republic Street
•13,293 Gross SF•9 for sale units•1,035 SF of commercial space•Project Cost: $2,180,202
1401 Elm
•7,290 Gross SF•6 for sale units•Project Cost:$1,522,518
THANK YOU