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.
3 DoWnToWn CInCInnaTI InC.
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
DoWnToWn CInCInnaTI InC. 4
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.
5 DoWnToWn CInCInnaTI InC.
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.
DoWnToWn CInCInnaTI InC. 6
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.
7 DoWnToWn CInCInnaTI InC.
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
DoWnToWn CInCInnaTI InC. 8
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
9 DoWnToWn CInCInnaTI InC.
DoWnToWn CInCInnaTI InC. 10
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.
DoWnToWn CInCInnaTI InC. 12
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.
13 DoWnToWn CInCInnaTI InC.
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.
DoWnToWn CInCInnaTI InC. 14
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
15 DoWnToWn CInCInnaTI InC.
U.s. AnD CInCInnAtI offICe vACAnCy RAtes
Source: Colliers International Q4 2012 north america highlights
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
Source: Colliers International Q4 2012 north america highlights
$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
DoWnToWn CInCInnaTI InC. 16
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.
17 DoWnToWn CInCInnaTI InC.
play
DoWnToWn CInCInnaTI InC. 18
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
19 DoWnToWn CInCInnaTI InC.
+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 CInCInnaTI InC. 20
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
21 DoWnToWn CInCInnaTI InC.
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.
DoWnToWn CInCInnaTI InC. 22
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.
23 DoWnToWn CInCInnaTI InC.
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.
DoWnToWn CInCInnaTI InC. 24
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.
25 DoWnToWn CInCInnaTI InC.
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
27 DoWnToWn CInCInnaTI InC.
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
DoWnToWn CInCInnaTI InC. 28
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 CInCInnaTI InC. 30
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.
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