University of Cincinnati Gardner Neuroscience Institute

New Markets Tax Credit Coalition

Cincinnati,
OH
(2017)

University of Cincinnati Gardner Neuroscience Institute

Community, Healthcare, Historic Rehabilitation, Hospitals and Emergency Services

Construction of new Neuroscience Institute facility and parking garage, and acquisition of equipment and machinery for owner-occupied hospital.

Investment

NMTC Amount: $39,800,000
Total Project Cost: $54,799,275

IMPACT

67 FTE jobs
100 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
114,000 sq. ft. of real estate

CDEs

Capital One, Cincinnati Development Fund, Finance Fund, Uptown Consortium

Investor

Capital One

Project Description

Revitalization within a historic neighborhood, which includes renovation of residential apartments- Construction of new Neuroscience Institute facility and parking garage, and acquisition of equipment and machinery for owner-occupied hospital. The UC Gardner Neuroscience Institute, a 114,000 sq. ft., $68 million outpatient center, opens in April 2019. A total of 215 people work in the new four-story building, including doctors, researchers, medical assistants, therapists, technologists and other support staff. As the location of all outpatient neurological care and patient education activities for UC Health, the institute will provide the region with better access to advanced clinical trials.

MAP

Address: 223 Piedmont Avenue, Cincinnati, OH 43219

Census Tract: 39061003200

PDF Profile

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