New Markets Tax Credit Coalition

Dunnhumby Centre, 5th & Race Streets

Investment

  • NMTC Amount: $40,110,000
  • Total Project Cost: $71,414,248

IMPACT

  • 102 FTE jobs
  • 876 construction jobs
  • 312,000 sq. ft. of real estate

Investor

Project Description

Owner/operator of parking garage in step with economic redevelopment mission of its parent, 3CDC: The January 2013 groundbreaking event for this monumental project at the corner of Fifth & Race Streets, one block west of Fountain Square, garnered extensive media coverage and a cheering crowd of hundreds of dunnhumbyUSA employees. In the months that followed, 100,000 cubic yards of dirt was excavated from the site and concrete work began in June 2013, reaching grade level by November.

Construction work can now be viewed at street level as the commercial space columns are installed and concrete pours continue. The $130 million project is being developed by 3CDC and dunnhumby, and consists of a 1,000-space parking garage, 27,000 sq. ft. of commercial space, and a 285,000 sq. ft. headquarters building for dunnhumbyUSA. The garage will open in January 2015 and dunnhumbyUSA will move into its new offices in the first quarter of 2015.

MAP

Address: 120 West Fifth Street, Cincinnati, OH 45202

Census Tract: 39061000700

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