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Author Topic: Newport, KY: SouthShore Condominiums  (Read 1064 times)

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Offline buildingcincinnati

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Newport, KY: SouthShore Condominiums
« on: August 20, 2005, 09:49:10 AM »
Channel Crossing project on horizon
By Jeanne Houck, Cincinnati Post
 
A private developer is proposing to build condominiums, offices - possibly even a marina - at Channel Crossing in Newport.  The Newport City Commission is scheduled on Monday to consider approval of a development agreement with South Beach No. 1, a company headquartered in Chevy Chase, Md.  Similar plans have been announced and failed to come to fruition, but Mayor Tom Guidugli hopes this plan will be a winner.

"It seems like a great project, and we're going to take a good look at it," he said Friday.  The proposed development agreement says South Beach would spend up to $100 million developing the project at Channel Crossing, an eight-acre riverfront development just east of the Interstate 471 Bridge that already is home to Comfort Suites Newport and Don Pablo's restaurant.

Read full article here:
http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050820/NEWS02/508200341/1011/RSS02
« Last Edit: July 08, 2015, 09:01:40 AM by Cygnus »

Offline PhattyNati

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Re: Newport, KY: SouthShore Condominiums
« Reply #1 on: August 20, 2005, 12:38:34 PM »
they just keep coming

Online ColDayMan

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Re: Newport, KY: SouthShore Condominiums
« Reply #2 on: August 22, 2005, 03:18:27 PM »
http://www.bizjournals.com/cincinnati/stories/2005/08/22/daily8.html?jst=b_ln_hl

YIPEE!  Newport...the next Covington.  Bellevue, the next Newport.  Dayton, the next Bellevue.
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Offline PhattyNati

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Re: Newport, KY: SouthShore Condominiums
« Reply #3 on: August 22, 2005, 05:27:50 PM »
im assuming the website wont be available till this fall either

Online jmecklenborg

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Re: Newport, KY: SouthShore Condominiums
« Reply #4 on: August 22, 2005, 05:27:20 PM »
Okay I give up trying to start threads. 

Offline PhattyNati

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Re: Newport, KY: SouthShore Condominiums
« Reply #5 on: August 22, 2005, 05:44:22 PM »
why

Offline richNcincy

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Re: Newport, KY: SouthShore Condominiums
« Reply #6 on: August 22, 2005, 05:55:43 PM »
^
Grasscat is usually on the ball and posts them first

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #7 on: August 22, 2005, 07:14:53 PM »
Just search before you post.  It takes 5 seconds.

;)

Offline The_Cincinnati_Kid

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Re: Newport, KY: SouthShore Condominiums
« Reply #8 on: August 22, 2005, 09:02:32 PM »
That seems like an awful lot of development for that one area.  Also, I thought someone else recently had plans for that site.  Anyone remember????



« Last Edit: August 22, 2005, 09:05:39 PM by The_Cincinnati_Kid »

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #9 on: August 22, 2005, 10:26:08 PM »
^ You mean the Park Place condo tower?

Offline Jimmy Skinner

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Re: Newport, KY: SouthShore Condominiums
« Reply #10 on: August 23, 2005, 07:56:00 AM »
"the complex will have "resort-style" amenities including a marina (though it is subject to separate approval by the Army Corps of Engineers), a large swimming pool and a serenity garden"

The marina, sticking that far into the river does not seem plausible.  I also wonder about the Serenity Garden.  Is that on the roof or on the ground?

Offline atlas

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Re: Newport, KY: SouthShore Condominiums
« Reply #11 on: August 23, 2005, 10:18:35 AM »
I dont know, but I like it!!!

Offline moonloop

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Re: Newport, KY: SouthShore Condominiums
« Reply #12 on: August 23, 2005, 10:37:33 AM »
While Cincinnati is fighting to save crack houses, Newport is doing this.  :oops:
« Last Edit: August 23, 2005, 10:43:41 AM by moonloop »

Offline Maximillian

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Re: Newport, KY: SouthShore Condominiums
« Reply #13 on: August 23, 2005, 11:11:56 AM »
Quote
While Cincinnati is fighting to save crack houses, Newport is doing this
:whip: Newport and covington have their share of crackhouses too. Don't trash the Nati. Unless you have been living under a rock there  are projects going on all over the map. All these projects together are great for the region.

This is a freakin awesome development!  :-D

Offline PhattyNati

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Re: Newport, KY: SouthShore Condominiums
« Reply #14 on: August 23, 2005, 11:42:52 AM »
i think it should be said again and again...if there was half the view from the cincinnati side as there is from kentucky, you'd better believe these buildings would be poping up here too.  its encouraging to see this energy continue...but for the first time i am beginning to question whether this really is a good thing or not.  i think most of us can agree that what makes the cincinnati area so beautiful is the interplay between terrain and architecture.  i guess what i am saying is that i would hope for the south bank of the ohio to become the "great wall of condos".  i like tall buildings as much as the next guy and i know it would be years and years and years before that ever became an issue, but i think its an interesting debate.  but for what this project is worth i think it will be one more positive for the region...but too bad for the people in houses in newport who will lose views as result of this.

Online jmecklenborg

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Re: Newport, KY: SouthShore Condominiums
« Reply #15 on: August 23, 2005, 11:53:33 AM »
>The South Shore site, just >>> west  <<<< of Daniel Carter Beard bridge

Well at least now it's a shorter walk to the Party Source.   

Does anyone know what's planned for the big parking lot between Newport on the Levee and the former Starkist Tuna building?  It was up until 99 or 2000 the site of Miss Cadie's Saloon and a few row houses:







Offline Eigth and State

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Re: Newport, KY: SouthShore Condominiums
« Reply #16 on: August 23, 2005, 02:12:39 PM »

    Here is a photo of a nearby marina that was cut out of the river bank instead of poking out into the channel.   


   

Offline cincybearcat

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Re: Newport, KY: SouthShore Condominiums
« Reply #17 on: August 23, 2005, 02:36:25 PM »
I love all the development along the river, its about time.  I think the idea of downtown and the riverfront as being dirty and dangerous are slowing fading away.  From the article today, $1 Billion in development is a lot of money, and most of it is private investment.  I hope Newport works on the ramp off of I-471, I know I wouldn't want to live on that street, but those houses are pretty cool too.  But I wanna know where all the millionaires are coming from?  Seems like all the development involves condos and apartments that are in the luxury, high-expense category.

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #18 on: August 23, 2005, 04:10:34 PM »
Quote
While Cincinnati is fighting to save crack houses, Newport is doing this
:whip: Newport and covington have their share of crackhouses too. Don't trash the Nati. Unless you have been living under a rock there  are projects going on all over the map. All these projects together are great for the region.

Very true.  Except for the East Row area almost all of the housing in Newport from about 4th Street all the way back to the hillside is in pretty terrible shape.

Online ColDayMan

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Re: Newport, KY: SouthShore Condominiums
« Reply #19 on: August 23, 2005, 11:18:47 PM »
Well.  Glad it's approved :).
"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #20 on: August 27, 2005, 02:10:34 PM »
Newport readies for crowd
By John Eckberg, Cincinnati Enquirer
 
A $165 million condominium and office development planned near Newport on the Levee might bring a new dimension to an entertainment complex that is packed on most weekends with diners, shoppers and movie-goers: a thriving riverfront district that is jumping every day and night of the week.

That prospect certainly appeals to Jeff Ruby, who owns a restaurant there, but the fine-dining mogul said there are challenges. He worries that more traffic coming off Interstate 471 to an already-congested area will not help business.

Read full article here:
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050824/BIZ01/508240327/1076/BIZ
« Last Edit: January 09, 2010, 08:25:01 PM by UncleRando »

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #21 on: September 10, 2005, 03:33:04 PM »
City to reap condos' tax reward
Schools back payment deal

By Stephenie Steitzer, Cincinnati Post
 
Buyers of the condos in the first phase of a planned $165 million condo and office-tower development in Newport won't pay real-estate taxes.  Instead, they will make payments in lieu of taxes - in amounts close to what they would have paid in taxes - to the city of Newport.

Newport Chief Financial Officer Greg Engelman said the city plans to use the estimated $540,000 a year collected from condo owners to pay for the construction of the project's $6.5 million parking garage.  The school district, county and other taxing entities won't receive any real-estate tax revenue from the project.

Read full article here:
http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050907/NEWS02/509070365/1011/RSS02
« Last Edit: January 09, 2010, 08:22:56 PM by UncleRando »

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #22 on: November 08, 2005, 05:14:36 PM »
Bonds for SouthShore condo project get thumbs-up

The Kentucky Private Activity Bond Allocation Committee (KPABAC) has voted unanimously to issue $40 million in industrial revenue bonds to Capital Investment Group Inc., which is developing the SouthShore luxury condominium project on the Northern Kentucky waterfront.

"Our studies indicate that our first phase alone will generate more than $98 million in new consumption for the Commonwealth of Kentucky over the next 30 years," said Alexander "Alec" Bastos, managing principal of Capital Investment Group.

Read full article here:
http://www.bizjournals.com/cincinnati/stories/2005/11/07/daily9.html
« Last Edit: January 09, 2010, 08:22:09 PM by UncleRando »

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #23 on: January 21, 2006, 04:43:17 PM »
The following little nugget was in today's Enquirer Business Summary:


SouthShore closes on 2.5-acres deal

The $165 million SouthShore condominium project has taken another step forward with the closing of the sale of 2.4 acres of waterfront property in Newport. Developer Capital Investment Group bought the land from Schneider 30, which built the Don Pablo's and Chart House restaurants on the site. Schneider 30 at one time had plans to develop the land, but the project never got under way. The Newport City Commission approved CIG's plans in August.

Marla Matzer Rose

http://news.enquirer.com/apps/pbcs.dll/article?AID=/20060121/BIZ/601210379/1076/rss01

Offline Haynesm007

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Re: Newport, KY: SouthShore Condominiums
« Reply #24 on: January 22, 2006, 09:07:51 AM »
I noticed CIG made some changes to their South Shore website.  Nothing significant but I take it as a good sign.

Offline buildingcincinnati

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Re: Newport, KY: SouthShore Condominiums
« Reply #25 on: January 23, 2006, 05:34:01 PM »
SouthShore condo project set to launch in Newport
Three residential towers, office building planned

By Laura Baverman, Cincinnati Business Courier

Capital Investment Group has made its financial commitment to Newport's riverfront, paying $2.4 million for the land required to build the $165 million SouthShore condominium development.  The group purchased the development rights to 2.4 acres of land and 22 acres of marina from Schneider 30, which developed and now owns Don Pablo's and the Chart House Restaurant in Newport. The condos and office building are planned for the site now serving as the restaurants' parking lot.

"This is another big step for us," said Michael Copfer, executive vice president of Capital, about receiving city approvals and bond approvals from Kentucky. "That's given us the confidence to close on the site."  The project was approved by Newport in August and soon after, Kentucky promised a $40 million bond issue for financing.

Read full article here:
http://cincinnati.bizjournals.com/cincinnati/stories/2006/01/23/story7.html
« Last Edit: January 09, 2010, 08:21:09 PM by UncleRando »

Offline atlas

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Re: Newport, KY: SouthShore Condominiums
« Reply #26 on: January 23, 2006, 08:11:18 PM »
wahoo....woo.  There really is a nice residential corridor being created along the river. 

Offline PhattyNati

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Re: Newport, KY: SouthShore Condominiums
« Reply #27 on: January 24, 2006, 11:25:27 AM »
i sure hope the take note of the success at the ascent...flashy architecture = interest = filled building

Offline PhattyNati

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Re: Newport, KY: SouthShore Condominiums
« Reply #28 on: March 22, 2006, 08:02:53 AM »
i guess at least they dont look like The Overlook.  yet they are just napkin sketches at this point

Offline UncleRando

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Re: Newport, KY: SouthShore Condominiums
« Reply #29 on: March 22, 2006, 11:36:43 AM »

A rendering of the $165 million SouthShore development. The Newport site will have four towers once complete.