3CDC was formed in 2003 by Cincinnati's corporate leaders and the City to address deterioration and disinvestment in the urban core. It focuses its work in the Central Business District and Over-the-Rhine. 3CDC manages over $250 million in investment funds to support development activities. It functions in various roles including master developer, developer, asset manager, and event producer. Upcoming investments include $241 million for projects such as Mercer Commons and OTR Phase V.

2. WHERE WE WORK
Fountain
Square

3. 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.

4. BOARD MEMBERS
American Financial Group *
American Modern Insurance Group
Castellini Company
Cincinnati Bell
3CDC’s operations are Cincinnati Enquirer
Cincinnati USA Regional Chamber
funded privately, primarily Cintas
through contributions from Convergys Corporation
local corporations and civic Deloitte
Dinsmore & Shohl
institutions, resulting in a
Duke Energy
total of $1.3 million. Fifth Third Bank *
First Financial Bank
General Electric
Global Novations
Humana
3CDC’s consolidated Jack Rouse Associates
operating assets are $15 KPMG
million in annual revenue. Macy’s *
North American Properties
Peck, Shaffer & Williams
PNC Bank
Procter & Gamble *
* Fortune 500 Headquartered Scripps Interactive
Companies The Kroger Company *
Towne Properties
Toyota Motor
U.S. Bank
United Way
Uptown Consortium
Western & Southern Financial Group *

5. CEF/CNMF
Cincinnati Equity Fund
Cincinnati New Markets Fund
Cincinnati Equity Fund $44.5 million
Cincinnati Equity Fund II $50.2 million
Cincinnati New Market Fund $50.0 million
Cincinnati New Market Fund II $35.0 million
Cincinnati New Market Fund III $18.0 million
State New Market Tax Credit $2.0 million
Cincinnati New Market Fund IV $50.0 million
TOTAL $249.7 million

6. CAPITAL BUDGET
CEF CEF II CNMF CNMF II
Castellini Foundation Castellini Foundation Castellini Foundation Castellini Foundation
Cincinnati Bell Cincinnati Bell Cincinnati Bell Cincinnati Bell
Cincinnati Development Group Duke Energy Cintas Corporation Duke Energy
Cintas Corporation Fifth Third Bank Convergys Corporation Fifth Third Bank
Duke Energy First Financial Bank Duke Energy GE
JP Morgan Chase GE Fifth Third Bank Kroger
Key Bank Macy’s GE P&G
PNC Bank PNC Bank Macy’s PNC Bank
P&G P&G P&G
Taft Broadcasting U.S. Bank The E.W. Scripps Company
US Bank Kroger
Western Southern US Bank
Western Southern
$44.5 million $50.2 million $50 million $35 million

7. TIF DISTRICTS
Downtown & Downtown &
OTR West OTR East
Downtown
Riverfront

8. I N V E S T M E N T S TO D AT E
Over the past 7 years:
$269 Million 3CDC/CEF/CNMF investment
$68 Million private investment
$47 Million City investment
$384 Million
Invested in downtown and OTR

9. UPCOMING INVESTMENTS
Over the next 12 months:
Mercer Commons - $60 Million
OTR Phase V - $25 Million
Homeless to Homes - $34 Million
dunnhumbyUSA / Fifth & Race - $122 Million
$241 Million
in additional investments

10. HOW WE FUNCTION
FLEXIBILITY TO FUNCTION IN A VARIETY OF ROLES
• Master Developer • Asset Management
 OTR Mixed-Use Dev.  Fountain Square
 21c Museum Hotel  Washington Park
• Developer • Event Production
 5 th& R a c e / d u n n h u m b y U S A  U.S. Bank Ice Rink
 Parvis Lofts (Res./Retail)  Macy’s Light Up the Square
 Saengerhalle (Office/Retail)  PNC Summer Music Series
 Fountain Square
 Washington Park

11. HOW WE FUNCTION
OUR PRIORITIES
CREATE CREATE HIGH- PRESERVE CREATE DIVERSE,
GREAT CIVIC DENSITY HISTORIC MIXED-INCOME
SPACES MIXED-USE STRUCTURES NEIGHBORHOODS
DEVELOPMENT AND IMPROVE SUPPORTED BY
STREETSCAPES LOCAL BUSINESSES

12. FOUNTAIN SQUARE

13. 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.

14. BRYANT PARK
NEW YORK CITY
Before After

15. POST OFFICE SQUARE
BOSTON
Before After

16. PIONEER COURTHOUSE SQUARE
PORTLAND
Before After

17. FOUNTAIN SQUARE
A DAY IN THE LIFE

18. FOUNTAIN SQUARE
A DAY IN THE LIFE

19. FOUNTAIN SQUARE
A DAY IN THE LIFE

20. FOUNTAIN SQUARE
A DAY IN THE LIFE

21. FOUNTAIN SQUARE
A DAY IN THE LIFE

22. FOUNTAIN SQUARE
A DAY IN THE LIFE

23. FOUNTAIN SQUARE
A DAY IN THE LIFE

24. FOUNTAIN SQUARE
A DAY IN THE LIFE

25. FOUNTAIN SQUARE

26. FOUNTAIN SQUARE

30. CONSTRUCTION PROCESS

49. FOUNTAIN SQUARE GARAGE -
BEFORE

50. FOUNTAIN SQUARE GARAGE -
AFTER

51. FOUNTAIN SQUARE

52. FOUNTAIN SQUARE GARAGE
NET OPERATING INCOME
2007-2011
Fountain Square NOI 2007‐2011
2500000
2000000
1500000
1000000
500000
0
1 2 3 4 5
Year 2007 2008 2009 2010 2011
NOI $830,373 $1,442,144 $1,819,315 $2,143,907 $2,113,016

53. 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.

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

55. EVENT PROGRAMMING
PNC Summer Music Series, 2011 attendance – 200,000

56. EVENT PROGRAMMING
Strauss & Troy Market on the Square , 2011 attendance – 48,000

57. EVENT PROGRAMMING
Macy’s Light Up the Square, 2011 attendance - 25,000

58. EVENT PROGRAMMING
Toyota’s New Years Eve Blast, 2011 attendance - 15,000

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

60. C E N T R A L B U S I N E SS
DISTRICT
Proposed
3CDC/Private
Civic

61. E C O N O M I C C ATA LY S T

62. E C O N O M I C C ATA LY S T

63. METROPOLE

64. CINCINNATI

65. CINCINNATI

66. BOCA / 4EG

67. 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

68. BOCA / 4EG

69. dunnhumbyUSA
Fifth & Race

70. dunnhumbyUSA
Fifth & Race
PROJECT DETAILS:
• 3CDC would own and operate:
o 630 space below grade parking facility
o 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 air
rights, would own and operate:
o 100-130 units of residential rental housing

71. dunnhumbyUSA
Fifth & Race

72. dunnhumbyUSA
Fifth & Race

73. OVER-THE-RHINE

74. OVER-THE-RHINE POPULATION
DECLINE
50000
45000
40000
35000
30000
25000
OTR Population
20000 OTR Decline
15000
10000
5000
0
1900 1960 1980 1990 2000

75. OVER-THE-RHINE CHALLENGES
500 700
VACANT VACANT
BUILDINGS LOTS
1667
VACANT HOUSING UNITS

76. 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

77. OVER-THE-RHINE CHALLENGES

78. OVER-THE-RHINE CHALLENGES

79. OVER-THE-RHINE CHALLENGES

80. OT R A C T I O N S T E P :
CLOSING PROBLEM PROPERTIES
118 W. 15th 1432 Vine (Pohlar Bar) 1401 Race (Bang’s) 1412 Vine (Cricket)
(Walt’s)
1331-35 Vine (AM/PM Market) 20-22 W. 12th (Jordan’s) 3 E. 13th (Albert’s) 1201 Vine (Glossinger’s)

81. OTR ACTION STEP:
ACQUIRED AND SECURED VACANT
PROPERTIES
Before:
After:

82. OT R A C T I O N S T E P :
ACQUIRED AND SECURED VACANT
PROPERTIES
Before:
After:

83. OT R : C H A L L E N G E S
Crime Statistics within 3CDC’s Targeted Area

84. COMPLETED
DEVELOPMENTS:

99. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

100. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

101. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

102. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

103. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

104. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

105. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

106. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

107. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

108. S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n

109. RESIDENTIAL SALES
G a t e w a y I , I I , I I I & I V : 178 of the 186 condos (96%) are sold

110. RESIDENTIAL SALES
G a t e w a y I , I I , I I I & I V : 178 of the 186 condos (96%) are sold

111. RESIDENTIAL LEASING
G a t e w a y I , I I , I I I & I V : 68 of the 68 apartments (100%) are leased

112. RESIDENTIAL SALES SUMMARY
Average sale prices continue to increase significantly through
each phase of Gateway Development.
Gateway II sale price per SF: $150
Gateway III sale price per SF: $174
Gateway 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)

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

114. COMMERCIAL LEASING
BAKERSFIELD, 1213 VINE STREET

115. COMMERCIAL LEASING
1215 WINE BAR, 1215 VINE STREET

116. COMMERCIAL LEASING
AVERAGE RESTAURANT SALES/SF
Downtown / CBD
Annual Sales Per SF Annual Rent Per SF
Average by SF 509 31
Over-the-Rhine
Annual Sales Per SF Annual Rent Per SF
Average by SF 691 42

117. COMMERCIAL LEASING
Saengerhalle Office Building, home of 3CDC

118. COMMERCIAL LEASING
Parvis, 1400 Block of Vine

119. 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

120. 3CDC OTR DEVELOPMENT
Future/ Land
Bank
Complete/
Under Construction
Mercer Commons/
Gateway V

121. MERCER COMMONS
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

122. Walnut Street

123. Mercer Street

124. Vine Street

125. Vine Street and Hart Alley

126. PA I N T B U I L D I N G
• Renovation of 1400-1404
Vine
 Project Cost: $4.1 million
 3,680 SF restaurant space
 6,000 SF office space

127. PHASE V

128. B A K E RY LO F T S

129. W E S T FA L E N LO F T S I I

130. N I C O L AY

131. PA R V I S I I

132. 1 5 TH & R E P U B L I C

133. N A SSA U

134. 1401 ELM

135. 3CDC OTR DEVELOPMENT
Land Banked/
Future Projects
Complete/
Under Construction
Mercer Commons/
Gateway V

136. 3CDC OTR DEVELOPMENT
Land Banked/
Future Projects
Complete/
Under Construction

147. CIVIC LAWN

148. CIVIC LAWN

149. MUSIC HALL PLAZA

150. MUSIC HALL PLAZA

151. OPEN AIR STAGE

152. OPEN AIR STAGE

153. WATER FEATURE
• 129 Total Water Jets
• 6 Pop Jet Zones
• 6 Arching Water Jets
• Connected to Playground

154. WATER FEATURE
• 129 Total Water Jets
• 6 Pop Jet Zones
• 6 Arching Water Jets
• Connected to Playground

155. PLAYGROUND

156. PLAYGROUND

157. HISTORIC BANDSTAND

158. HISTORIC BANDSTAND

159. SIGNATURE PLANTINGS

160. DOG PARK

161. DOG PARK

162. EVENT PROGRAMMING

163. WA S H I N G TO N PA R K

168. A N T I C I PAT E D S C H E D U L E
Site Preparation Began September 2010
General Contractor Selection September 2010
Construction Began November 2010
Garage Construction Complete April 2012
Complete Park Construction June 2012

169. HOMELESS TO HOMES
Putting an End to Homelessness
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.

170. HOMELESS TO HOMES
Putting an End to Homelessness
City of Cincinnati Hamilton County
Continuum of Care
3CDC
Women Men’s
Men Only Young Adult Substance Abuse
Only Faith‐Based
Shelter Shelter Treatment Center
Shelter Shelter

171. HOMELESS TO HOMES
Putting an End to Homelessness
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

172. HOMELESS TO HOMES
Putting an End to Homelessness

173. THANK YOU