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The Over-the-Rhine neighborhood is set to see the completion of its new playground and bandstand in October 2011, enriching local community spaces. Washington Park will host various fall events, including the Cincinnati Sports Kickball League and Family Fright Nights. Additionally, residential sales and leasing are thriving, with 97% of condos sold, 100% of apartments leased, and a 85% occupancy in commercial spaces. Exciting developments such as the Mercer Commons and ongoing projects promise to enhance OTR's vibrant atmosphere.
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WASHINGTON PARK FALL EVENT PROGRAMMING • 3CDC Weekly Events: • Wednesdays 6-8 p.m. (Civic Lawn): Cincinnati Sports Kickball League , Sept. 5 ‐ Oct. 15 [9 weeks] • Thursdays 6-8 p.m. (Civic Lawn): Cincinnati Sports Kickball League Sept. 5 ‐ Oct. 15 [9 weeks] • Fridays 12-1 p.m. (Bandstand): SCPA in the Park, Sept. 14 ‐ Sept. 26 [6 weeks] • Saturdays 2‐4 p.m. (South End) Kids Fall Fest, Oct. 6 ‐ Oct. 27 [4 weeks] • Saturdays 7‐11 p.m. (Civic Lawn): Family Fright Nights , Oct. 6 ‐ Oct. 27 [4 weeks]
WASHINGTON PARK Partners
RESIDENTIAL SALES Gateway I,II,III & IV: 183 of the 186 condos (97%) are sold
RESIDENTIAL LEASING Gateway I,II,III & IV: 68 of the 68 apartments (100%) are leased
COMMERCIAL LEASING 85% of 91,000 SF commercial space leased.
COMMERCIAL LEASING THE ANCHOR, 1401 RACE STREET
COMMERCIAL LEASING CORE: A MOVEMENT STUDIO, 1423 VINE STREET
COMMERCIAL LEASING • Coming Soon: • Hapa, 1335 Vine Street • Kaze, 1400 Vine Street • Currently negotiating multiple letters of intent; would bring total leased SF to 85% of available space.
COMMERCIAL LEASING Saengerhalle Office Building, home of 3CDC
SAENGERHALLE Projected Employees Saengerhalle Tenants SF Business Type 3CDC 7,485 Developer 26 Northpointe 1,650 Developer 6 Necco 6,520 Foster Parenting 15 SampleSaint 3,300 Mobile Media 15 Kurt Platte 1,650 Architect 8 Vitrue Social Media and Branding 3,100 12 Four Entertainment Group 2,510 Entertainment 8 1,194 Law Firm 10 KMK 2,100 --- --- Office Space - Available Restaurant Space - Available 2,730 --- --- Total 32,265 100
COMMERCIAL LEASING Parvis, 1400 Block of Vine
3CDC OTR DEVELOPMENT Future/ Land Bank Complete/ Under Construction Mercer Commons/ Gateway V
MERCER COMMONS • Phase I • 3,900 SF Commercial/Office • 28 Condos • 340-space Parking Garage • CDF committed $2.56 million of state and federal NMTC • Phase II • 67 Apartments (30 affordable) • 10,600 SF commercial space • OHFA awarded project low income housing tax credits and also received historic tax credits from State of Ohio • Phase III • 59 Apartments • 3,100 SF commercial space
PAINT BUILDING • Renovation of 1400-1404 Vine • Project Cost: $4.1 million • 3,680 SF restaurant space • 6,000 SF office space
3CDC OTR DEVELOPMENT Land Banked/ Future Projects Complete/ Under Construction Mercer Commons/ OTR Phase V
3CDC OTR DEVELOPMENT Land Banked/ Future Projects Complete/ Under Construction