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From what I hear, details are to come very soon.
This project was awarded the maximum $5 million allotment from the State in historic tax credits.
Doesnt sound like this is going to happen anytime soon. Anyone have any inside info?
doesn't MED also own the lot across from 4th & Plum?
Eh, hope you don't mind me posting a better article that requires no $ subscription...Old Enquirer site may become apartmentsBy Lisa Bernard-Kuhn • email@example.com • January 28, 2011DOWNTOWN - A New York-based developer is eyeing a nearly $40 million plan to renovate the former Cincinnati Enquirer building on Vine Street into more than 160-apartments with new street-level retail space. The project could get underway as early as this summer.Landwhite Development LLC is under a contract to buy the 14-story building at 617 Vine St. from Camp Washington-based Middle Earth Developers - but only if the New York firm can land state and federal historic preservation tax credits as well state brownfield dollars to help fund the estimated $38 million project, said David Roos, COO and executive vice president of Landwhite.Named Harkness Lofts, the plan calls for 167 apartments, 19,000 square feet of retail and office space on the building's second and third levels, Roos said.
This news is bittersweet, but I'll reserve full judgement until there's a full press release on this project. I agree that this building would be excellent for apartment or condo conversion, but I also think downtown Cincinnati is underserved in the hotel arena (particularly by mid- and upper-midscale brands)The real question is... where does this leave the Terrace Plaza? With 4 (!) new hotels in the pipeline downtown (Holiday Inn Broadway, 21C, Enquirer, Banks) and a Hyatt rennovation, I don't see how they'll be able to re-open as a hotel anytime soon, but the developers have also stated that it's a poorly situated building for condos because of the small windows and lack of natual light.
It will be the group’s first historic renovation and first hotel in the region, he said.
^There are a few interior photos at this link, but all of the lobby:http://www.flickr.com/photos/63837784@N08/sets/72157627138162558/with/5911672711/