WHERE WE WORKFountain Square

OUR MISSION

• 3CDC was formed in 2003 by Cincinnati’s corporate leaders, in partnership with the City, to address the deterioration and disinvestment in the urban core. Our work is specifically focused in the Central Business District and Over-The-Rhine (OTR).

• 3CDC manages over $250 million in investment funds, which play an important role in downtown development activities by providing financial capital.

BOARD MEMBERSAmerican Financial Group *American Modern Insurance GroupCastellini CompanyCincinnati BellCincinnati EnquirerCincinnati USA Regional ChamberCintasConvergys CorporationDeloitteDinsmore & ShohlDuke EnergyFifth Third Bank *First Financial BankGeneral ElectricGlobal NovationsHumanaJack Rouse AssociatesKPMGMacy’s *North American PropertiesPeck, Shaffer & WilliamsPNC BankProcter & Gamble *Scripps InteractiveThe Kroger Company *Towne PropertiesToyota MotorU.S. BankUnited Way Uptown ConsortiumWestern & Southern Financial Group *

* Fortune 500 Headquartered Companies

3CDC’s operations are funded privately, primarily through contributions from local corporations and civic institutions, resulting in a

total of $1.3 million.

3CDC’s consolidated operating assets are $15 million in annual revenue.

Cincinnati Equity FundCincinnati New Markets Fund

Cincinnati Equity Fund $44.5 millionCincinnati Equity Fund II $50.2 millionCincinnati New Market Fund $50.0 millionCincinnati New Market Fund II $35.0 millionCincinnati New Market Fund III $18.0 millionState New Market Tax Credit $2.0 millionCincinnati New Market Fund IV $50.0 million

TOTAL $249.7 million

CEF/CNMF

CEF CNMFCEF II CNMF IICastellini Foundation

Cincinnati BellCincinnati Development Group

Cintas CorporationDuke Energy

JP Morgan ChaseKey BankPNC Bank

P&GTaft Broadcasting

US BankWestern Southern

Castellini FoundationCincinnati BellDuke Energy

Fifth Third BankFirst Financial Bank

GEMacy’s

PNC BankP&G

U.S. Bank

Castellini FoundationCincinnati Bell

Cintas CorporationConvergys Corporation

Duke EnergyFifth Third Bank

GEMacy’sP&G

The E.W. Scripps CompanyKroger

US BankWestern Southern

Castellini FoundationCincinnati BellDuke Energy

Fifth Third BankGE

KrogerP&G

PNC Bank

$ 4 4 . 5 m i l l i o n $ 5 0 . 2 m i l l i o n $ 5 0 m i l l i o n $ 3 5 m i l l i o n

CAPITAL BUDGET

TIF DISTRICTS

Downtown & OTR West

Downtown & OTR East

Downtown Riverfront

INVESTMENTS TO DATE

Ove r t he pa s t 7 yea r s :

$269 Mi l l ion 3CDC/CEF/CNMF investment

$68 Mi l l ion pr ivate investment

$47 Mi l l ion Ci ty investment

$384 MillionInves t ed i n down town and OTR

UPCOMING INVESTMENTS

Ove r t he nex t 12 mon th s :

Mercer Commons - $60 Mi l l i on

OTR Phase V - $25 Mi l l i on

Homeless to Homes - $34 Mi l l i on

dunnhumbyUSA / F i f th & Race - $122 Mi l l i on

$241 Millionin add i t i ona l i nve s tmen t s

HOW WE FUNCTION

FLEX IB I L I TY TO FUNCT ION IN A VAR IETY OF ROLES

• M a s t e r D e v e l o p e r O T R M i x e d - U s e D e v .

2 1 c M u s e u m H o t e l

• D e v e l o p e r 5 t h & R a c e / d u n n h u m b y U S A

P a r v i s L o f t s ( R e s . / R e t a i l )

S a e n g e r h a l l e ( O f f i c e / R e t a i l )

F o u n t a i n S q u a r e

W a s h i n g t o n P a r k

• A s s e t M a n a g e m e n t F o u n t a i n S q u a r e

W a s h i n g t o n P a r k

• E v e n t P r o d u c t i o n U . S . B a n k I c e R i n k

M a c y ’ s L i g h t U p t h e S q u a r e

P N C S u m m e r M u s i c S e r i e s

HOW WE FUNCTION

CREATE GREAT CIVIC SPACES

CREATE HIGH-DENSITY MIXED-USE DEVELOPMENT

PRESERVE HISTORIC STRUCTURES AND IMPROVE STREETSCAPES

CREATE DIVERSE,MIXED-INCOME NEIGHBORHOODS SUPPORTED BY LOCAL BUSINESSES

OUR PR IOR IT IES

FOUNTAIN SQUARE

After years of serving the community well, Fountain Square and the garage have outlived their 1970 design life.

Design philosophy at the time was to create a refuge from the city. Many cities’ public spaces have moved through similar lifecycles.

In today’s marketplace, signature public gathering places are open, bright, inviting to the masses and safe. They are activated by retail, entertainment, restaurants and programming creating dynamic energy that spreads from the city’s “heart” to the entire area.

FOUNTAIN SQUARE

Before After

BRYANT PARKNEW YORK CITY

POST OFFICE SQUAREBOSTON

Before After

Before After

PIONEER COURTHOUSE SQUARE PORTLAND

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUAREA DAY IN THE LIFE

FOUNTAIN SQUARE

FOUNTAIN SQUARE

CONSTRUCTION PROCESS

FOUNTAIN SQUARE GARAGE -BEFORE

FOUNTAIN SQUARE GARAGE -AFTER

FOUNTAIN SQUARE

FOUNTAIN SQUARE GARAGENET OPERATING INCOME 2007-2011

1 2 3 4 5Year 2007 2008 2009 2010 2011NOI $830,373 $1,442,144 $1,819,315 $2,143,907 $2,113,016

0

500000

1000000

1500000

2000000

2500000

Fountain Square NOI 2007‐2011

ASSET MANAGEMENT

Uniformed Ambassadors answer visitors’ questions and help keep Fountain Square safe and clean. Ambassadors are present on Fountain Square 24 hours a day, 7 days a week.

ASSET MANAGEMENT

Signature plantings from the Cincinnati Park Board are changed out seasonally 4 times a year.

EVENT PROGRAMMINGPNC Summer Music Series, 2011 attendance – 200,000

EVENT PROGRAMMING

Strauss & Troy Market on the Square , 2011 attendance – 48,000

EVENT PROGRAMMING

Macy’s Light Up the Square, 2011 attendance - 25,000

EVENT PROGRAMMING

Toyota’s New Years Eve Blast, 2011 attendance - 15,000

EVENT PROGRAMMING

U.S. Bank Ice Rink, 2011/2012 season - 50,000

CENTRAL BUSINESS DISTRICT

Proposed

3CDC/Private

Civic

ECONOMIC CATALYST

ECONOMIC CATALYST

METROPOLE

CINCINNATI

CINCINNATI

BOCA / 4EG

• The Maisonette was the longest-operating consecutive 5-star restaurant in the country. It occupied this Sixth Street building for 39 years. It’s closing saddened the community, and its vacancy was a reminder of the once-happening street.

• The building that housed the Maisonette and LaNormandie, will soon be home to 3 new restaurant/entertainment concepts:

• Boca Restaurant Group (BRG) will move its highly successful “BOCA” restaurant from Oakley to Downtown

• BRG will open a second “trattoria” concept on the lower level

• Four Entertainment Group (4EG), a successful operator of 7 local entertainment venues and restaurants, will open “IGBY’s” in the LaNormandie space next door

• Construction started early October and is scheduled to be completed in October 2012

BOCA / 4EG

BOCA / 4EG

dunnhumbyUSAFifth & Race

dunnhumbyUSAFifth & Race

PROJECT DETAILS:

• 3CDC would own and operate:o 630 space below grade parking facilityo 400 space above grade parking facility

• 3CDC will own:o 40,000 SF of street level retail/commercial space

• dunnhumbyUSA, through a sale and/or lease of air rights, would own:o 300,000 SF office building and air rights above

• Qualified residential developer/manager, through a sale and/or lease of airrights, would own and operate:

o 100-130 units of residential rental housing

dunnhumbyUSAFifth & Race

dunnhumbyUSAFifth & Race

OVER-THE-RHINE

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000

1900 1960 1980 1990 2000

OTR PopulationOTR Decline

OVER-THE-RHINE POPULATION DECLINE

500VACANT

BUILDINGS

700VACANT

LOTS

1667VACANT HOUSING UNITS

OVER-THE-RHINE CHALLENGES

OTR ACTION STEP: LAND BANKING

• CEF/CNMF has invested over $29.7 million in private funding to land bank properties in the Washington Park section of OTR

• 3CDC owns or controls: 200 buildings 169 vacant parcels

• Over $700,000 in annual carrying costs

OVER-THE-RHINE CHALLENGES

OVER-THE-RHINE CHALLENGES

OVER-THE-RHINE CHALLENGES

OTR ACTION STEP: CLOSING PROBLEM PROPERT IES

20-22 W. 12th (Jordan’s) 1201 Vine (Glossinger’s)3 E. 13th (Albert’s)

118 W. 15th

(Walt’s)

1331-35 Vine (AM/PM Market)

1432 Vine (Pohlar Bar) 1412 Vine (Cricket)1401 Race (Bang’s)

Before:

After:

OTR ACTION STEP: ACQUIRED AND SECURED VACANT PROPERT IES

Before:

After:

OTR ACTION STEP: ACQUIRED AND SECURED VACANT PROPERT IES

OTR: CHALLENGES

Crime Statistics within 3CDC’s Targeted Area

COMPLETED DEVELOPMENTS:

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

STABIL IZED HISTORIC BUILDINGS1418-22 Race S t ree t - Wes t fa l en

RESIDENTIAL SALES

Gateway I , I I , I I I & IV : 178 of the 186 condos (96%) are sold

RESIDENTIAL SALES

Gateway I , I I , I I I & IV : 178 of the 186 condos (96%) are sold

RESIDENTIAL LEASING

Gateway I , I I , I I I & IV : 68 of the 68 apartments (100%) are leased

RESIDENTIAL SALES SUMMARY

Average sale prices continue to increase significantly through each phase of Gateway Development.

Gateway II sale price per SF: $150Gateway III sale price per SF: $174Gateway IV sale price per SF: $198

Rental Averages:Belmain: $1.17 per SF (1-month lease-up)Parvis: $1.05 per SF (2.5-month lease-up)

85% of 91,038 SF of commercial space is leased.

COMMERCIAL LEASING

COMMERCIAL LEASINGBAKERSF IELD , 1213 V INE STREET

COMMERCIAL LEASING1215 WINE BAR , 1215 V INE STREET

COMMERCIAL LEASINGAVERAGE RESTAURANT SALES /SF

Downtown / CBD

Over-the-Rhine

Annual Sales Per SF Annual Rent Per SF

Average by SF 509 31

Annual Sales Per SF Annual Rent Per SF

Average by SF 691 42

Saengerhalle Office Building, home of 3CDC

COMMERCIAL LEASING

Parvis, 1400 Block of Vine

COMMERCIAL LEASING

VINE STREET STREETSCAPE

• $4,000,000 project includes new street lighting, curbs, sidewalks, landscaping, signage, trees and burying overhead utilities from Central Pkwy to 15th Street

Future/ Land Bank

Complete/Under Construction

Mercer Commons/ Gateway V

3CDC OTR DEVELOPMENT

Phase I• 3,900 SF Commercial/Office• 28 Condos• 340-space Parking Garage• CDF committed $2.56 million

of state and federal NMTC

Phase II• 67 Apartments (30

affordable)• 10,600 SF commercial space• OHFA awarded project low

income housing tax credits and also received historic tax credits from State of Ohio

Phase III• 59 Apartments• 3,100 SF commercial space

MERCER COMMONS

Walnut Street

Mercer Street

Vine Street

Vine Street and Hart Alley

• Renovation of 1400-1404 Vine

Project Cost: $4.1 million

3,680 SF restaurant space

6,000 SF office space

PAINT BUILDING

PHASE V

BAKERY LOFTS

WESTFALEN LOFTS II

NICOLAY

PARVIS II

15TH & REPUBLIC

NASSAU

1401 ELM

Land Banked/ Future Projects

Complete/Under Construction

Mercer Commons/ Gateway V

3CDC OTR DEVELOPMENT

Land Banked/ Future Projects

Complete/Under Construction

3CDC OTR DEVELOPMENT

CIVIC LAWN

CIVIC LAWN

MUSIC HALL PLAZA

MUSIC HALL PLAZA

OPEN AIR STAGE

OPEN AIR STAGE

• 129 Total Water Jets• 6 Pop Jet Zones• 6 Arching Water Jets• Connected to Playground

WATER FEATURE

• 129 Total Water Jets• 6 Pop Jet Zones• 6 Arching Water Jets• Connected to Playground

WATER FEATURE

PLAYGROUND

PLAYGROUND

HISTORIC BANDSTAND

HISTORIC BANDSTAND

SIGNATURE PLANTINGS

DOG PARK

DOG PARK

EVENT PROGRAMMING

WASHINGTON PARK

ANTICIPATED SCHEDULE

Site Preparation Began September 2010

General Contractor Selection September 2010

Construction Began November 2010

Garage Construction Complete April 2012

Complete Park Construction June 2012

HOMELESS TO HOMESPut t i ng an End t o Home l e s sne s s

Homeless to Homes:• A comprehensive plan for the City of Cincinnati and 

Hamilton County, OH to ensure single homeless individuals have access to appropriate shelter facilities and comprehensive services which facilitate their movement from shelter to permanent housing.

Continuum of Care:• A single, coordinated and inclusive organization charged 

with coordinating the planning and management of the local (Hamilton County and City of Cincinnati) programs and related funding aimed at ending homelessness.

HOMELESS TO HOMESPut t i ng an End t o Home l e s sne s s

City of Cincinnati

Continuum of Care

Women Only Shelter

Men’s    Faith‐Based Shelter

Young Adult Shelter

Men Only Shelter

Substance Abuse Treatment Center 

Hamilton County

3CDC

HOMELESS TO HOMESPut t i ng an End t o Home l e s sne s s

YWCA Women’s Shelter• 60 beds: 19,850 square feet

• Site location: 2452 Kinsey Avenue

City Gospel Mission Shelter• 118 beds (42 for Exodus Program): 40,530 square feet

• Site location: 1805 Dalton Street & 1102 York Street

Drop Inn Center• 150 beds: conceptual program for 53,000 square foot facility

• Programming in development / Site selection in process

Lighthouse• 30 beds for youth (18‐24): 12,000 square feet

• Site location: 2522 Highland Ave / Complete

Talbert House / Mt. Airy Center• 65 beds for men, currently located at 2660 Diehl Rd. in Mt. Airy

• Programming in development

HOMELESS TO HOMESPut t i ng an End t o Home l e s sne s s

THANK YOUTHANK YOU