The quarterly forum covered neighborhood revitalization, industrial revitalization, and public finance projects. Updates were provided on several in-progress projects including renovations of 15 homes, the REACH program building homes in multiple neighborhoods, and industrial site redevelopments in Bond Hill and Queensgate. Opportunities for contractors were highlighted for upcoming construction work. The Court and Walnut mixed-use development featuring apartments, a grocery store, and parking garage was featured, with construction to be completed in 2019.
1 of 101
Download to read offline
More Related Content
African American Chamber of Commerce (AACC) & GCRA Quarterly Forum Presentation – May 7, 2018
3. INTRO
Darin C. Hall, Executive Vice President, GCRA
&
Eric Kearney, President and CEO, African American Chamber
4. BOARD CHAIR VICE CHAIR
Charles J.
Luken
Manuel M.
Chavez III
Dr. Pradeep K.
Bekal, MD,
FACG
Sister Sally
Duffy, SC
Robert W.
Fisher
Damon D.
Jones
Mario J.
San Marco
David O.
Smith
Shane M.
Wright
Greater Cincinnati Redevelopment Authority
BOARD OF DIRECTORS
The Greater Cincinnati
Redevelopment Authority is a public
agency that collaborates with dozens
of economic development, community
and corporate partners, and
foundations. It is governed by a
volunteer Board of Directors; half
appointed by the City and half by the
County. Board member appointees
represent a broad mix of business
expertise including development,
design, finance, and marketing. Our
board brings a wealth of expertise and
knowledge, as well as sensitivity to
business needs and market forces in
the region. Patricia Mann
Smitson
6. OUR ROLE IN ECONOMIC DEVELOPMENT
▪ Combine public and private goals in innovative ways to leverage the strengths of both to work on our
community’s toughest challenges
▪ Acquire & reposition real estate – both neighborhood & industrial properties – to restore productive assets
and value to the community
▪ Execute highly specialized real estate transactions and deliver development finance programs with
integrity and precision
▪ Understand the unique needs and concerns of individual communities
▪ Partner with communities, non-profits, developers, companies, and other economic
development organizations
6
PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY
12. REACH
2018 Goal:
3 Homes in Evanston
2 Homes in Walnut Hills
10 Homes in Price Hill
7 Homes in Avondale
12
PROJECT UPDATES
13. REACH Evanston - St. Leger Place Homes
• Infill Housing Development
• 6 new single-family homes
• 1 historic single family rehabilitation
• Prices beginning in the mid $200ks
• Near the developing Evanston business
district and Walnut Hills High School
• Project timeline: Completion Dec 2018
13
PROJECT UPDATES
PICTURE
HERE
14. REACH – WHAT’S NEXT
• Estimated $1 million combined in additional contracting
opportunities for Evanston and Walnut Hills through
December 2018
• Estimated $4.4 million for contracting opportunities in Price Hill
through 2020
• Estimated $6.1 million for contracting opportunities in Avondale
through 2020
14
OPPORTUNITIES
15. 15
HOW TO APPLY FOR A LANDBANK PROPERTY
For more information, visit http://www.hamiltoncountyland
bank.org/available-properties/
17. HCLRC Disposition Programs
17
WORK WITH US
LOT-TO-YARD
Owner-occupants
acquire residential
vacant land adjacent
to their home
GARDENS AND
GREENS
Transforms vacant
lots into gardens
or community
green space
SINGLE-FAMILY HOME
DEVELOPMENT
Returns underutilized,
residential properties to
productive use through
sale to interested parties
for redevelopment.
COMMERCIAL
DEVELOPMENT
Projects involving
the development of
multiple units or
commercial
developments
18. Contracting
General Contracting and
Subcontracting –
Construction
Engineering
Design
Remediation and Abatement
Deconstruction
Demolition
Maintenance/Cleaning
Development
Acquisition and Rehab - 1-4
Units
Acquisition and New
Construction
Assemblage
Infill Rehab and Construction
18
WORK WITH US
Contacts:
Deborah Robb –
Marketing & Sales,
General Residential, HURC
Liz Eddy –
General Residential,
REACH Program
Ron Shouse –
Contractor Pre-
Qualification, NIP
21. DREAM Loan Fund
• DREAM (Driving Real Estate to Accelerate Microenterprise)
• DREAM was born out of a partnership with The Kresge Foundation.
• Minimizing Barriers for Neighborhood Microenterprise and
Entrepreneurs
• The fund targets neighborhood business districts as part of our Vision
2022 which aims to comprehensively revitalize disinvested target
neighborhoods.
• Stabilizing neighborhoods through the support of entrepreneurship
• Restoring vibrant retail and commerce with a focus on inclusivity and
engagement of neighborhood-based enterprise
21
24. PROJECT UPDATES
Bond Hill Neighborhood Business District
• Control of pad ready commercial sites along
Reading Rd.
• Goal is to create and establish neighborhood
serving, retail businesses. Important to the
community per the BH & R Plan.
• Currently in final stages of construction documents
for renovation of approx. 5,500 sq.ft. of
neighborhood serving retail space with surface
parking lot.
• Anticipated construction start date June/July 2018.
24
25. PROJECT UPDATES
Evanston Neighborhood Business District
• Neighborhood business district poised for
redevelopment. Montgomery and Ruth.
• Working with community leaders and
stakeholders to develop a neighborhood plan
for the Evanston community.
• Create opportunities for neighborhood serving
businesses. Construction opportunities.
25
26. OPPORTUNITIES
Neighborhood-Serving Businesses
• Retailers – seamstresses, fitness centers, bakeries
• Restauranteurs – cafés, casual dining
• Community Outreach / Arts – children’s theaters, incubators
• Opportunity to potentially occupy spaces
• Small office users.
General/Sub Contractors
• Opportunities to become a vendor/contractor and bid on all upcoming projects.
Developers
• Experienced real estate developers with proven success have opportunities to apply to redevelop any
properties listed on the Landbank website
26
30. • 6 ACTIVE
o Family Dollar—Columbus, OH
o Residential Project—Anderson Township, OH
o Steakhouse Kitchen Renovation—Cincinnati, OH
o Spring Grove Cremation Office—Blue Ash, OH
o Residential Remodel—Hamilton County, OH
o Reading Road Façade Improvement Demolition—Bond Hill, OH
• 8 UPCOMING
o Two Family Dollar stores—Columbus, OH
o Mac Shack Restaurant—Cheviot, OH
o 5,000 Sq. Ft. Retail Center—Milford, OH
o Residential Project—Anderson Township, OH
o Brewery—Anderson Township, OH
o Auto Dealership Renovation—Mason, OH
o Coffee Bar Renovation—Clifton, OH
o Eye Care Medical Building—Liberty Township, OH
30
PROJECTS
83. Cincinnati Gardens – BOND HILL
ACRES: 19
ACQUISITION: $1,200,000
CITY OF CINCINNATI FUNDS: $1,023,981
JOBSOHIO FUNDS: $1,498,238
STRATEGIC PARTNERS: JobsOhio, REDI Cincinnati,
City of Cincinnati, Greater Cincinnati Redevelopment
Authority
PROJECT STATUS: Demolition and Site Development
scheduled to be completed August 2018
83
PROJECT UPDATES
QUARTERLY FORUM
84. Hudepohl – QUEENSGATE
ACRES: 1.6
ACQUISITION: $400,000
CITY OF CINCINNATI FUNDS: $2,250,000
USEPA CORRECTIVE ACTION: $1,800,000
STRATEGIC PARTNERS: City of Cincinnati,
Greater Cincinnati Redevelopment
Authority
TENTATIVE BIDDING SCHEDULE: Demolition,
Remediation, and Site Development scheduled to
bid July 2018
84
PROJECT UPDATES
85. 85
INDUSTRIAL PRE-QUALIFICATIONS
Contractor must have served as primary
contractor on a minimum of four (4) complex
projects in the following range:
Demolition Site Grading
Remediation Heavy Excavation
Asbestos Abatement Earthwork
Utility Infrastructure Roadway Construction
500,000 – $1.5 million;
OR
$2 million – $6 million
87. Current + Upcoming Public Finance Projects
87
OPPORTUNITIES
RBM Phase 2B Neighborhoods of Summit Park
Court & Walnut – North American
Properties
Office + Garage at Red Bank
and Madison
Multi-phase, 100-acre development on
the former Blue Ash Airport
New 139 unit apartment
Nehemiah Manufacturing Court & Walnut – Kroger Court & Walnut – 3CDC
New 182,000 SF manufacturing
facility in Lower Price Hill
New 45,000 square foot Kroger
grocery store
New 555 space public parking garage
Model Group: Findlay Market Project Model Group: Walnut Hills Project
Adaptive reuse of historic office buildings into 68 apartments
and 22,687 SF commercial space near Findlay Market
Adaptive reuse of historic buildings in Walnut Hills
into 47 apartments and 55,000 SF commercial space
88. Court & Walnut
• New 162,561 total SF
building with 139
apartment units
• 45,000 SF Kroger grocery
store
• 555 space public parking
garage
88
PROJECT UPDATES
93. DEVELOPMENT USES
TOTAL SQUARE FEET:
522,762
FLOORS 3 - 10
FLOORS 11 - 18
APARTMENT TOWER DETAILS
# of Units
1-Bedroom Units: 78
Avg 750 SF
1-Bedroom Units w/Den: 23
Avg 950 SF
2-Bedroom Units: 38
Avg 1,350 SF
11th Floor Exterior Terrace: 9
Top Floor Amenities
Fitness Center – 800 SF
Gathering Space – 1000 SF
Outdoor Terrace – 1,650
SF
97. • Garage Opening February 2019
• Concrete Topping Out April 2019
• Kroger Opening Sept 2019
• Residential Opening Sept 2019
CONSTRUCTION SCHEDULE