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Offline Rusty Shackleford

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Re: Cincinnati: General Business & Economic News
« Reply #595 on: October 17, 2012, 03:50:24 AM »
Lebanon Area: New Truck Service Center Promises to Crap up Pristine Area of Turtlecreek Twp

(ok, so that's not the real article title)

http://www.western-star.com/news/news/lebanon9-million-travel-plaza-plan-sparks-cooperat/nSb8y/

Quote
$9 million travel plaza planned at I-71 interchange

By Lawrence Budd - Staff Writer

A 10-acre, $9 million Flying J Travel Center likely will be the first sign of a 380-acre economic development district being formed around the Interstate 71 interchange southeast of Lebanon.

The travel center would cover 10.9 of 382 acres in the proposed district. Local officials and land owners hope to draw manufacturing, corporate headquarters or office campuses in addition to restaurants, hotels and other developments typically found around a Flying J Travel Center.

“Once you get a Flying J in there, hold onto your hat. More is coming,” said Jonathan Samms, a Turtlecreek Twp. trustee.

Pilot Flying J, based in Tennessee, is expected to spend $7.5 million on the facility, about $1.7 million on the land, officials said.

Last month, Pilot Flying J said 50 jobs would be created with the opening of a similar center in Iowa. The company did not respond to questions about the center proposed at Ohio 123 and I-71.

Offline Rob Jaques

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Re: Cincinnati: General Business & Economic News
« Reply #596 on: October 17, 2012, 04:30:28 AM »
You better hold on to your hats... since all this will do is bring an exponential amount of sprawl to that area.
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Offline unusualfire

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Re: Cincinnati: General Business & Economic News
« Reply #597 on: October 17, 2012, 04:37:39 AM »
^Sprawl is pretty much there already.

Edit. Ahhh 123. I was thinking 48. You maybe right.  The Little Miami River maybe the only barrier for sprawl now in that area.

Also it may reawaken http://www.urbanohio.com/forum2/index.php/topic,6716.0.html
« Last Edit: October 17, 2012, 04:52:28 AM by unusualfire »

Offline The_Cincinnati_Kid

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Re: Cincinnati: General Business & Economic News
« Reply #598 on: October 17, 2012, 01:24:32 PM »

Hilton Cincinnati Netherland Plaza getting $10M upgrade
Business Courier by Dan Monk, Senior Staff Reporter
Date: Wednesday, October 17, 2012, 2:44pm EDT - Last Modified: Wednesday, October 17, 2012, 4:39pm EDT



The Hilton Cincinnati Netherland Plaza joined a growing list of downtown hotels in line for face lifts. A $10 million renovation began about a month ago and is slated for completion by next year.

“The market requires it,” said Alex Warm, co-owner of Belvedere Corp., which acquired the hotel along with the rest of the Carew Tower complex in 1990. “The Hyatt is doing it. The Westin just did it. It’s time. The stuff we have is in need of freshening.”

http://www.bizjournals.com/cincinnati/news/2012/10/17/hilton-cincinnati-netherland-plaza.html


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Offline The_Cincinnati_Kid

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Re: Cincinnati: General Business & Economic News
« Reply #599 on: October 17, 2012, 01:25:41 PM »

Former Hudepohl brewery going up for auction online
Business Courier
Date: Wednesday, October 17, 2012, 4:35pm EDT - Last Modified: Wednesday, October 17, 2012, 4:45pm EDT



The former Hudepohl brewery site in Queensgate will be auctioned off next week.

The site, located at 801 W. Sixth St., will be auctioned online with an opening bid of $250,000. The auction is planned for Tuesday, Oct. 23 between 11 a.m. and 3 p.m.

http://www.bizjournals.com/cincinnati/news/2012/10/17/former-hudepohl-brewery-going-up-for.html
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Offline CincyGuy45202

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Re: Cincinnati: General Business & Economic News
« Reply #600 on: October 17, 2012, 02:46:40 PM »
Pretty big news:

Guess which part of town has the most home building permits?
Business Courier
Date: Tuesday, October 16, 2012, 2:40pm EDT



Through September, the city of Cincinnati leads all other jurisdictions in the region in new home building permits, according to the Home Builders Association of Greater Cincinnati.

A total of 239 single-family home building permits were issued in Cincinnati through September. The No. 2 jurisdiction in the region was Union Township in Clermont County, with 235 single-family permits. Liberty Township in Butler County was third with 106 permits, and Clearcreek Township in Warren County was fourth with 100 permits.


http://www.bizjournals.com/cincinnati/news/2012/10/16/guess-which-part-of-town-has-the-most.html

Offline Rusty Shackleford

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Re: Cincinnati: General Business & Economic News
« Reply #601 on: October 17, 2012, 03:47:24 PM »
^Sprawl is pretty much there already.

Edit. Ahhh 123. I was thinking 48. You maybe right.  The Little Miami River maybe the only barrier for sprawl now in that area.

Also it may reawaken http://www.urbanohio.com/forum2/index.php/topic,6716.0.html


Like an undead corpse... I had exactly the same thought - the housing collapse shoved San Mar Gale off the table and I was happy with that.

Right, this is a very rural (just minimally commercialized) interchange. To the north and west is some sprawl emanating from Lebanon. To the south and the east is blissful southern Ohio nothingness - farmland and open spaces. Nothing like the Kohls/Target/Lowes/South Lebanon growth area around 71 & 48 with clutter in every direction.

OH-350 bound for Ft. Ancient proceeds east from the junction with OH-123 and from the spot where the truck stop is planned.

The Rt. 123/I-71 junction currently has nothing but a Valero station and another gas station, a church, a used car lot, and Country Kitchen (which is not half bad these days.)
« Last Edit: October 17, 2012, 03:55:43 PM by Rusty Shackleford »

Offline natininja

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Re: Cincinnati: General Business & Economic News
« Reply #602 on: October 17, 2012, 04:07:33 PM »
Wonder what 239 is as a percentage of all permits in the region.

Offline CincyGuy45202

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Re: Cincinnati: General Business & Economic News
« Reply #603 on: October 18, 2012, 11:58:32 PM »
1200 and change is the total in Ohio. NKY is usually around 400-500.

Offline Cygnus

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Re: Cincinnati: General Business & Economic News
« Reply #604 on: October 19, 2012, 01:26:35 AM »
BUSINESS EXCLUSIVE: Paycor moving - but where?


Paycor finalizing new HQ in Norwood
Norwood council to vote on deal for four-story Linden Pointe site

Business Courier by Jon Newberry, Staff Reporter

Norwood City Council is expected to vote by the end of the month on a proposed incentive package for a new headquarters facility for Paycor Inc. at Linden Pointe on the Lateral office park.

Site plans already approved by the city’s planning commission and council call for a four-story, 154,000-square-foot office building on a 12-acre parcel next to the recently completed headquarters for The Urology Group. The office park is now owned by developer Al Neyer Inc. and is located along the Norwood Lateral.

The plans do not identify Paycor as the occupant of the proposed building. But Bob Coughlin, ...

Cont (Premium Article)

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Offline natininja

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Re: Cincinnati: General Business & Economic News
« Reply #605 on: October 19, 2012, 01:53:35 AM »
1200 and change is the total in Ohio. NKY is usually around 400-500.

Holy crap. Then that number is huge for the city, and given the Union Twp., Liberty Twp, and Clearcreek Twp. numbers (plus whatever else is going on in the Cincy area), the Cincy metro is positively killin' it in having disproportionate growth compared to the rest of the state.

680/1200 = 57%

57% of all the permits issued in the state are in 4 municipalities in the Cincinnati area. I would guess most of the rest are in the Columbus area.

But wait...I can't find a Clearcreek Twp. in Warren County. The one I can find on Google Maps is southeast of Columbus.

Offline Jimmy_James

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Re: Cincinnati: General Business & Economic News
« Reply #606 on: October 19, 2012, 02:35:53 AM »
^I think he meant that 1200 is the total on the Ohio side of the river in the Cincinnati area, as opposed to the entire state, since he's contrasting it with the Kentucky side of the river in the Cincinnati area (NKY, not all of Kentucky).
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Offline CincyGuy45202

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Re: Cincinnati: General Business & Economic News
« Reply #607 on: October 19, 2012, 02:41:18 PM »
Ya sorry. ~1250 is about the total new home permits pulled in 2012 for the Ohio portion of our metro. The NKY amount will probably be about 400-500 (usual amount).

Still, taking out the 4 areas already listed in the Ohio metro, that leaves about 450 new homes being constructed everywhere else in the Ohio portion of the metro. Infact the city is a little more than half of all of Hamilton counties new homes. Very exciting as we are only 37% of the population of the county but are just over half the new housing growth.

Also, you'll find it if you search Clear Creek township Ohio
« Last Edit: October 19, 2012, 02:59:40 PM by CincyGuy45202 »

Offline OCtoCincy

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Re: Cincinnati: General Business & Economic News
« Reply #608 on: October 21, 2012, 06:48:14 AM »
This trend has actually been taking off for several years now. Since 2009 the City of Cincinnati has seen a huge boom in new home permits.  I think in 2011 the City ended the year as the third highest, and in 2009 had the largest year over year growth of any municipality. 

This does two things:

One, it brings construction jobs, often can bring new families to the area, etc. and two, it leads to a more modernized housing stock.  Now, I don't support removing 1800's or turn of the century construction for cheap new housing, BUT WWII era housing stock is crappy, unpopular, cheap and abundant.  We are never going to get people to go in and renovate hundreds of 1940's homes into a better housing stock with all the amenities the exurb stock provides.  In these cases building new homes increases the options to homebuyers in the City.  When someone comes from out of town, wants to live in the City, but wants a single family home of a certain size and condition, we will now have more to offer.

Offline taestell

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Re: Cincinnati: General Business & Economic News
« Reply #609 on: October 26, 2012, 07:48:55 AM »
LA Fitness just bought the Urban Active chain of gyms. They claim that there are no plans to close any locations at this time, but there are several locations where they both operate and I can't imagine they'll keep both open. For example, LA Fitness is in the Center of Cincinnati development and Urban Active is in the "Cornerstone at Norwood" development. Also, LA Fitness is at Kenwood Towne Place and Urban Active is right across I-71.

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Re: Cincinnati: General Business & Economic News
« Reply #610 on: November 07, 2012, 01:36:48 AM »
Cincinnati Bell subsidiary buys downtown building for $18M

Jon Newberry
Staff Reporter- Business Courier

Cincinnati Bell Inc. subsidiary CyrusOne Inc. purchased the company’s downtown Cincinnati facility at 229 W. Seventh St. for $18 million, according to the Hamilton County Auditor’s website.
Cincinnati Bell (NYSE: CBB) occupies about 74,000 square feet of the 14-story, 350,000-square-foot building it sold on West Seventh Street and will lease that space back from CyrusOne, according to CyrusOne’s registration statement filed with the Securities and Exchange Commission. The Oct. 5 filing said it expected to pay about $15 million for the property. It’s one of 21 data center facilities CyrusOne operates across the country. Cincinnati Bell still owns an adjoining building at 209 W. Seventh St.
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Offline taestell

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Re: Cincinnati: General Business & Economic News
« Reply #611 on: November 14, 2012, 10:00:04 AM »
LA Fitness just bought the Urban Active chain of gyms. They claim that there are no plans to close any locations at this time, but there are several locations where they both operate and I can't imagine they'll keep both open. For example, LA Fitness is in the Center of Cincinnati development and Urban Active is in the "Cornerstone at Norwood" development. Also, LA Fitness is at Kenwood Towne Place and Urban Active is right across I-71.


What do you know, they closed the Kenwood Towne Place location today. http://cincinnati.com/blogs/developingnow/2012/11/14/club-closes-doors-at-troubled-kenwood-center/

Online hoerstw

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Re: Cincinnati: General Business & Economic News
« Reply #612 on: November 14, 2012, 11:53:36 PM »
I belong to the cornerstone at norwood location and they claim they are going to keep that location open as well as the LA at center of Cincinnati.
« Last Edit: November 14, 2012, 11:53:56 PM by hoerstw »

Offline The_Cincinnati_Kid

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Re: Cincinnati: General Business & Economic News
« Reply #613 on: November 15, 2012, 12:38:08 AM »

More than 200 jobs could come to former Ford plant
Business Courier
Date: Thursday, November 15, 2012, 7:36am EST



The former Ford transmission plant in Batavia Township could become home to more than 200 jobs, wcpo.com reported.

A Finnish firm, Huhtamaki Inc., is working on a deal to buy half of the 1.8 million square feet in the factory to make drinking cups. In addition, the company plans to buy 60 acres of land.

http://www.bizjournals.com/cincinnati/morning_call/2012/11/more-than-200-jobs-could-come-to.html
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Offline CincyIntheKnow

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Re: Cincinnati: General Business & Economic News
« Reply #614 on: November 15, 2012, 12:58:20 AM »
I belong to the cornerstone at norwood location and they claim they are going to keep that location open as well as the LA at center of Cincinnati.

From what I hear that is not the case.  They are moving the Norwood location to the new Rookwood Development.

Offline Rusty Shackleford

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Re: Cincinnati: General Business & Economic News
« Reply #615 on: November 15, 2012, 06:42:34 PM »
Flying J Travel Center: Residents dispute proposed truck stop

http://www.western-star.com/news/news/local/residents-dispute-proposed-truck-stop/nS7kK/

The locals no likey:

Quote
LEBANON — Approximately 100 people came to the Warren County Commissioners Thursday to dispute a proposed truck stop that is planning to come to the area.

Pilot Flying J, based in Tennessee, plans to build a multi-million dollar truck stop at the intersection of Interstate 71 and Ohio 123 . A mostly hostile crowd, including the commissioners themselves, said they were not happy about the truck stop coming to the area. But at the same time, the commissioners said there was little they could do to stop it.

“I personally and professionally don’t want there to be another truck stop in Warren County at one of our exit ramps,” said Commissioner Pat South.
...
County commissioners did not approve the site plan on Thursday night but conceded they would most likely have to as long as the company met all zoning requirements.
...
... resident Terri Banker: “We ask our kids to perform well in school, get a four-year education and after years of education all we have provided them with is the job of cashier. There was a hope of high-tech, bio-tech – some sort of high-income jobs; if we keep going down this road, we’re jeopardizing that. If you put that truck-stop in at 123, you can forget any high-quality development.”


Bio-tech in Lebanon?

Offline Living in Gin

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Re: Cincinnati: General Business & Economic News
« Reply #616 on: November 15, 2012, 06:49:11 PM »
"Ohnoez! Who could've imagined that our precious suburbs would be ruined by a... truck stop!"

Reminds me of the people who buy a McMansion next to a hog farm and then complain about the smell.
« Last Edit: November 15, 2012, 06:50:31 PM by Living in Gin »
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Re: Cincinnati: General Business & Economic News
« Reply #617 on: November 16, 2012, 12:12:22 AM »
Maybe their kids don't want to move back to Lebanon and work at that job across the street from mom and dad after four years in college.
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Offline Rusty Shackleford

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Re: Cincinnati: General Business & Economic News
« Reply #618 on: November 18, 2012, 08:25:19 AM »
My opinions:

1) The truck stop will crap up what is now a fairly pristine section of the county. It's not suburban, really. It's about 3 miles from the city limits of Lebanon and there is open country in between.

2) It's a low-rent, non value added development that is pitch perfect for Lebanon. No intellectual property of any consequence is produced in the Lebanon area. You just don't find smart researchers and developers in this area.  So if something goes in there, it may as well be a truck stop or some other blue collar thing. Lebanon has two brand new Goodwill stores, for pete's sake.

Maybe their kids don't want to move back to Lebanon and work at that job across the street from mom and dad after four years in college.

Exactly.
« Last Edit: December 09, 2012, 06:42:59 AM by Rusty Shackleford »

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Re: Cincinnati: General Business & Economic News
« Reply #619 on: November 24, 2012, 08:37:52 AM »
Jungle Jim's Eastgate cutting jobs

Written by
John Faherty

A round of layoffs is taking place at the Eastgate Jungle Jim’s International Market although the exact number of jobs lost is uncertain. The store opened in September.

Jungle Jim’s director of development, Phill Adams, acknowledged the layoffs but couldn’t say how many employees were being let go. The actions aren’t because the store is underperforming, he said: “We’re exceeding our numbers for sales projections.”

The store is part market, part shopping experience, with international foods, a wine and beer shop, a cigar store and a coffee shop.
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Offline natininja

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Re: Cincinnati: General Business & Economic News
« Reply #620 on: November 24, 2012, 10:15:55 AM »
If the store is exceeding projections, why are they taking away people's jobs just in time for the holidays?

Offline Jimmy_James

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Re: Cincinnati: General Business & Economic News
« Reply #621 on: November 25, 2012, 11:38:40 AM »
It's possible that they knew they would be flooded with business for the first few months and staffed accordingly; now the initial rush has passed and they no longer need such a large workforce.  Exceeding projections doesn't necessarily mean that you are optimally staffed.
« Last Edit: November 25, 2012, 11:39:34 AM by Jimmy_James »
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Offline Rusty Shackleford

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Re: Cincinnati: General Business & Economic News
« Reply #622 on: December 14, 2012, 05:19:06 PM »
UDF plan in Red Lion follows $8 million road project

http://www.daytondailynews.com/news/news/udf-plan-in-red-lion-follows-8-million-road-projec/nTXD3/

Quote
RED LION, Warren County — United Dairy Farmers is working with state transportation and environmental officials on a project fueled by the $8.2 million road project transforming this crossroads community.

UDF’s plans for a gas station-convenience store on Ohio 741, just south of the crossroads, unfold as the state continues work eliminating the busy five-point intersection that created safety problems for drivers traveling between Lebanon and Springboro.

Ultimately the work also will open up more than 500 acres, most in farm fields, for residential and commercial development between the region’s two largest cities.

“It makes you appreciate that Cincinnati and Dayton are growing closer and closer year after year,” developer Gen Mello said this week.


This is significant because of the bolded sentence... the UDF development and the restructured road alignments create a new lobe of growth in a pocket of Warren County that hasn't seen much development to date.

Along with the proposed development in the southeast direction at I-71 at SR 123, Lebanon is being bracketed on two sides by both Dayton and Cincinnati market incursions.
« Last Edit: December 14, 2012, 05:21:45 PM by Rusty Shackleford »

Offline natininja

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Re: Cincinnati: General Business & Economic News
« Reply #623 on: December 15, 2012, 07:55:01 AM »
Sounds like a nice place for a new airport (to replace CVG and DAY). That's the only development I could imagine getting excited about there. What a shame.
« Last Edit: December 15, 2012, 07:57:34 AM by natininja »

Offline CincyMan

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Re: Cincinnati: General Business & Economic News
« Reply #624 on: December 17, 2012, 08:28:40 AM »

Offline Jeffery

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Re: Cincinnati: General Business & Economic News
« Reply #625 on: December 18, 2012, 02:51:23 AM »
Quote
UDF’s plans for a gas station-convenience store on Ohio 741, just south of the crossroads, unfold as the state continues work eliminating the busy five-point intersection that created safety problems for drivers traveling between Lebanon and Springboro.

Ultimately the work also will open up more than 500 acres, most in farm fields, for residential and commercial development between the region’s two largest cities.

So sad.

I used to take that highway, 741, home via Red Lion instead of the freeway to sort of unwind after the long drive from KY (exit at Monroe & past the prison to catch 741).

The stretech Otterbein/Red Lion/Springboro was still classic SW Ohio/Between the Miamis rural countryside..rolling farmland with woodlots with long views west over the Great Miami valley opening up on occasion. Development was mostly limited to some large lot ribbon development.  Not really suburban.

Red Lion was the center of that route, with the antebellum Methodist Church anchoring the crossroads.

Its been a long time but I drove by there on Sunday and noticed some construction work. so I guess this is whats going on...some major road project.   

Always thought that crossroads would be a good spot for some "New Urbanist" development to sort of reconstruct what might have once been there (recall there was one or two older buildings that burned, years ago).  Instead we get a gas station. 


Offline Rusty Shackleford

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Re: Cincinnati: General Business & Economic News
« Reply #626 on: December 20, 2012, 05:24:32 AM »
About Red Lion traffic -

In the wayback - pre-1994 or so - Red Lion had no traffic lights. Stop signs guarded Rt 741 and Rt 123. I avoided that direction of travel like the plague in those days unless I simply forgot. That five point intersection was a major clusterf***. The backups were a small scale version of those at Fields Ertel or Tylersville prior to traffic lights being installed in the early 90s.

In the early 90s, traffic lights were erected to control 122, 123 (Lebanon bound) and 741 traffic. That alleviated the traffic flow substantially for years. But all directions always had the problem of no dedicated left turn lanes.

With continued growth and probably the growth of commuting between Mason and Springboro, traffic again built up, and the lack of turn lanes make driving through the intersection like playing chicken.

Rt 123 southbound to Lebanon was relocated away from Red Lion about 1/2 mile to the east with its own light. The restructured intersection will probably have turn lanes. And no Mom's Restaurant which was probably taken for enlarged right of way.

What destroyed Red Lion was suburban growth and the fact that it sat at a regional "transportation hub."

Offline CincyGuy45202

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Re: Cincinnati: General Business & Economic News
« Reply #627 on: January 10, 2013, 04:56:56 PM »
Well this sucks for downtown:

Brooks Brothers closing downtown store
Fountain Place lease not being renewed

Thursday that is closing its downtown store at Fountain Place on Vine Street.
Company spokesperson Dana Schiller wrote in an email to 9 On Your Side that the lease expires in the next few months and there are no plans to renew it.

http://www.wcpo.com/dpp/news/local_news/brooks-brothers-closing-downtown-store

Offline mcadrenaline

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Re: Cincinnati: General Business & Economic News
« Reply #628 on: January 11, 2013, 12:35:03 AM »
Say what you will, but when BB's target market already works, and in many cases, lives downtown, it does not paint a pretty picture for retail in downtown Cincinnati. This should have been a great fit.

Offline unusualfire

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Re: Cincinnati: General Business & Economic News
« Reply #629 on: January 11, 2013, 01:05:36 AM »
^They must have done a poor job at advertising. I never see or heard a commercial.