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Cincinnati, OH (2017)

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

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

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