Nj future redevelopment forum 2014 plenary leeper

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  • 1. BOARD MEMBERS 3CDC operations are funded privately, primarily through contributions from local corporations and civic institutions, resulting in a total of $1.3 million. * Fortune 500 Headquartered Companies American Financial Group * American Modern Insurance Group Castellini Company Children’s Hospital Cincinnati Bell Cincinnati Enquirer Cincinnati USA Regional Chamber Cintas Convergys Corporation Deloitte Dinsmore & Shohl Duke Energy Fifth Third Bank * First Financial Bank GE Aviation Global Novations KPMG Macy’s * North American Properties Peck, Shaffer & Williams PNC Bank Procter & Gamble * Scripps Interactive The Kroger Company * Towne Properties Toyota Motor Company U.S. Bank United Way Uptown Consortium Western & Southern Financial Group *
  • 2. CEF/CNMF Cincinnati Equity Fund Cincinnati Equity Fund II Cincinnati New Market Fund Cincinnati New Market Fund II Cincinnati New Market Fund III State New Market Tax Credit Cincinnati New Market Fund IV TOTAL CINCINNATI EQUITY FUND/CINCINNATI NEW MARKETS FUND $44.5 million $56.5 million $50.0 million $35.0 million $18.0 million $2.0 million $50.0 million $256.0 million
  • 3. INVESTMENTS TO DATE $420 Million 3CDC investment funds ( C i n c i n n a t i E q u i t y Fu n d & C i n c i n n a t i N e w M a r k e t s Fu n d ) $193 Million private investment $98 Million City investment OVER THE PAST 8.5 YEARS $711 Million Invested in downtown and OTR
  • 4. INVESTMENTS TO DATE OVER THE PAST 8.5 YEARS Buildings Restored: Acres of Civic Space: Apartments: Condominiums: Hotel Rooms: Shelter Beds: Commercial SF: Parking Spaces: 124 10 464 374 156 328 607,770 2,547 $711 investment has resulted in:
  • 5. HOW WE FUNCTION OUR PRIORITIES CREATE / MANAGE GREAT CIVIC SPACES CREATE HIGH- DENSITY MIXED-USE DEVELOPMENT PRESERVE HISTORIC STRUCTURES AND IMPROVE STREETSCAPES CREATE DIVERSE, MIXED-INCOME NEIGHBORHOODS SUPPORTED BY LOCAL BUSINESSES
  • 6. FOUNTAIN SQUARE
  • 7. FOUNTAIN SQUARE
  • 8. FOUNTAIN SQUARE ECONOMIC CATALYST
  • 9. FOUNTAIN SQUARE ECONOMIC CATALYST
  • 10. MAISONETTE BEFORE RENOVATION
  • 11. FOUNTAIN SQUARE ECONOMIC CATALYST
  • 12. METROPOLE APARTMENTS BEFORE RENOVATION
  • 13. FOUNTAIN SQUARE ECONOMIC CATALYST
  • 14. • Developer: dunnhumby & 3CDC • Project Cost: $120 million • Project Size: 305,000 SF • Project Summary:  1,093 space parking garage  29,000 SF street level commercial space  280,000 SF office space
  • 15. DUNNHUMBY CENTRE
  • 16. DUNNHUMBY CENTRE
  • 17. DUNNHUMBY CENTRE
  • 18. OVER-THE-RHINE HOW FAR WE HAVE COME
  • 19. OVER-THE-RHINE HOW FAR WE HAVE COME 500 VACANT BUILDINGS 1667 VACANT HOUSING UNITS 700 VACANT LOTS
  • 20. OVER-THE-RHINE HOW FAR WE HAVE COME
  • 21. OVER-THE-RHINE HOW FAR WE HAVE COME
  • 22. OVER-THE-RHINE HOW FAR WE HAVE COME
  • 23. OVER-THE-RHINE HOW FAR WE HAVE COME 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)
  • 24. OVER-THE-RHINE HOW FAR WE HAVE COME Crime Statistics within OTR Target Area Part I Crime Part II Crime Calls for Service TOTAL CRIME 2004 1,170 603 12,678 1,773 2005 1,160 587 12,495 1,747 2006 946 537 11,533 1,483 2007 675 510 9,409 1,185 2008 671 443 7,476 1,114 2009 567 351 6,409 918 2010 540 341 6,149 881 2011 583 323 6,054 906 2012 588 335 6,427 923 2013 549 311 6,826 860
  • 25. • CEF/CNMF has invested over $32.8 million in private funding to land bank properties in the Washington Park section of OTR • 3CDC owns: 200 buildings 169 vacant parcels • Over $700,000 in annual carrying costs OTR ACTION STEP: LAND BANKING
  • 26. OTR INVESTMENT TO DATE
  • 27. OVER-THE-RHINE HOW FAR WE HAVE COME
  • 28. STABILIZE D H ISTORIC BUILDINGS 1418- 22 Race Street - Westfalen
  • 29. STABILIZE D H ISTORIC BUILDINGS 1418- 22 Race Street - Westfalen
  • 30. STABILIZE D H ISTORIC BUILDINGS 1418- 22 Race Street - Westfalen
  • 31. STABILIZE D H ISTORIC BUILDINGS 1418- 22 Race Street - Westfalen
  • 32. Apartments: 161 OVER-THE-RHINE RESIDENTIAL DEVELOPMENT 24 E. 14th Street Gateway Arts Building OTR Consortium B-Side Apartments The Belmain Parvis Apartments Mercer Commons Phase II
  • 33. OVER-THE-RHINE RESIDENTIAL DEVELOPMENT Condominiums: 300 The Hummel Tea Company Townhomes Goodfellows Hall Nicolay Mercer Townhomes Mercer Historic Falling Wall Park Haus Lackman Lofts One Mercer Centennial Row Duveneck Mottainai Bremen Lofts Bakery Lofts Gateway I Condos Republic Street Lofts City Home Trideca Duncanson Trinity @ 14th & Vine Trinity Flats Westfalen Lofts Westfalen II
  • 34. THE HUMMEL
  • 35. NICOLAY
  • 36. NICOLAY
  • 37. MERCER COMMONS
  • 38. OVER-THE-RHINE COMMERCIAL DEVELOPMENT 16 New Restaurants
  • 39. ABIGAIL STREET
  • 40. BAKERSFIELD
  • 41. THE EAGLE
  • 42. GRAETER’S
  • 43. HOLTMAN’S
  • 44. KAZE
  • 45. QUAN HAPA
  • 46. SALAZAR
  • 47. TASTE OF BELGIUM
  • 48. OVER-THE-RHINE COMMERCIAL DEVELOPMENT 15 New Retailers
  • 49. RESER BICYCLE OUTFITTERS
  • 50. OVER-THE-RHINE COMMERCIAL DEVELOPMENT 19 New Offices
  • 51. WASHINGTON PARK SOURCES AND USES
  • 52. WASHINGTON PARK AND GARAGE • Renovate six acres of existing park land • Build two-level underground 450 space garage • Construct additional two acres of park above garage
  • 53. WASHINGTON PARK AFTER RENOVATION
  • 54. WASHINGTON PARK AFTER RENOVATION
  • 55. WASHINGTON PARK AFTER RENOVATION
  • 56. WASHINGTON PARK EVENT PROGRAMMING
  • 57. PLAYGROUND SCHEDULED TO BE COMPLETE OCTOBER 2011
  • 58. BANDSTAND SCHEDULED TO BE COMPLETE OCTOBER 2011
  • 59. WASHINGTON PARK AFTER RENOVATION
  • 60. DEVELOPMENT PLAN 2014
  • 61. TAFT’S ALE HOUSE Insert map here DEVELOPMENT
  • 62. CINTRIFUSE Insert map here Insert photo here DEVELOPMENT
  • 63. CENTRAL PARKWAY YMCA Insert photo here DEVELOPMENT
  • 64. 1201 WALNUT Insert map here Insert photo here DEVELOPMENT
  • 65. 15TH & RACE Insert map here Insert photo here DEVELOPMENT
  • 66. 3CDC DEVELOPMENT MEMORIAL HALL
  • 67. 3CDC DEVELOPMENT MUSIC HALL
  • 68. HOMELESS TO HOMES Text starts here PUTTING AN END TO HOMELESSNESS