Jobs Café

Rehab and construct mixed-use office, residential and business incubation space with all related grounds and facilities.

Investment

  • NMTC Amount: $24,275,000
  • Total Project Cost: $25,332,721

IMPACT

  • 90 FTE jobs
  • 384 construction jobs

Investor

Project Description

This project involved the substantial rehabilitation and adaptive reuse of eight historic buildings located in a three block area of the Over-the-Rhine neighborhood. Once complete, the project will provide 91,000 square feet of office, retail, restaurant, incubator, and affordable housing space. When complete, the project will consist of eight mixed-use apartment buildings containing 68 units (of which 56 will be income-restricted units) and 22,687 square feet of commercial space inclusive of grade-level retail and one office building. The residential unit mix will include 22 studios, 32 one-bedrooms, 8 two-bedrooms, and 6 two-bedroom townhomes. The residential component is intended to provide housing for individuals and families at a mix of income levels; 30% of the units will be restricted to households earning 120% of area median income; 26% will be restricted to those earning 80% of area median income; and the remaining 44% will be market-rate. All units will provide high-quality amenities with features such as quartz countertops, stainless steel appliances, in-unit washers and dryers, exposed brick where it is an existing condition, hardwood floors, and secure entry. Some units/buildings have a common outdoor space and courtyard while some units will have roof decks where existing layout lends itself to this feature.

MAP

Address: 1656 Central Parkway, Cincinnati, OH 45202

Census Tract: 39061001600

Other Ohio Projects

Broadband expansion for customers near Conneaut, Ohio.

In 2007 First Interstate properties transformed an abandoned steel mill into a regional shopping center with the creation of Steelyard Commons. Phase II(a) will build on the success of the

The purchase and renovation of the building located at 1100 Green Street, Marietta, OH. This building will be renovated speculatively with the anticipation of light manufacturing and industrial tenants. The

Financing for the D W Swick-Nelson Funeral Home