Renovation of a municipal facility in Cincinnati, Ohio. Completed plans call for the renovation of a municipal facility.

https://www.bizjournals.com/cincinnati/news/2024/06/06/port-authority-funds-build-renovate-housing.html The Port is heavily involved in complex development projects in Cincinnati and Hamilton County. Its board is appointed by Cincinnati and Hamilton County, and it receives operating funds from both. The Port's roles include acquiring and/or facilitating the redevelopment of industrial, commercial and residential property, often in places where investment has lagged, helping neighborhoods develop housing and acting as a financing conduit for real estate development projects, allowing them to reduce construction costs. _______________________________________________________________________________________________________________________________________________ https://www.bizjournals.com/cincinnati/news/2024/01/19/cincinnati-port-authority-votes-crosley-building.html The Port of Greater Cincinnati Development Authority has voted to purchase the Crosley building in Camp Washington, one of the city’s most iconic vacant, former manufacturing sites, although its plans for the structure continue to be under consideration. The Port believes the nine-story, 329,400-square-foot building, located at 1333 Arlington St., could bring a $90 million-$100 million investment. The building sits on 1 acre. The Port’s board voted unanimously to buy the building Jan. 17. The quasi-governmental agency previously announced in December 2023 it had received money from Cincinnati and Hamilton County to help fund the $2.6 million purchase. A $2.4 million state remediation grant was acquired by the previous developer and is being used to clean up the building. The Port currently is looking at the building’s opportunities and constraints, said Melissa Johnson, the Port’s vice president for industrial development. “It’s a pretty solid building,” Johnson said. The Port and other local governments have embarked on a major effort to identify and clean up aging dirty former industrial sites for reuse. The Port also has a longer-term strategy to convert underused or vacant industrial properties back to use as advanced manufacturing sites, bringing new jobs to the region. Assuming the sale goes through, the Port will be the latest owner for the Crosley building, which has seen two major redevelopment plans in the past decade. The city rezoned the Crosley building in 2021 from manufacturing to a planned development, which would allow Indianapolis-based TWG Development, the current owner, to turn the Samuel Hannaford-designed former factory into 200 apartments. The Courier previously reported the TWG project faced financial headwinds stemming from rising interest rates, labor costs and materials. A new state law also bars projects with low-income housing tax credits from also receiving state historic tax credits. TWG’s plan included income-restricted housing. Before TWG, Indianapolis-based Core Redevelopment proposed a 324-unit, market-rate development. ________________________________________________________________________________________________________________________ https://www.bizjournals.com/cincinnati/news/2023/12/01/port-aims-to-acquire-crosley-building.html Cincinnati Port aims to acquire Crosley Building in Camp Washington The Port of Greater Cincinnati Development Authority wants to buy the massive former Crosley manufacturing building in Camp Washington, with Hamilton County commissioners approving funding for the acquisition at their meeting on Thursday, Nov. 30. The county approved $1 million for the purchase of the Crosley Building from a $2 million pot of money it has set aside to prepare sites for redevelopment. The county administration and the commissioners did not disclose that the money was for the 333,000-square-foot building at 1329-1333 Arlington St., but the Business Courier learned which building it was prior to the Port announcing the purchase on Friday, Dec. 1. The city also is contributing $1.6 million to the effort. The "site has gone from being a beacon of creativity and productivity to one of our region's most-iconic brownfield sites," said Port CEO Laura Brunner. "It symbolizes the long history of manufacturing and industrial activity in this Camp Washington neighborhood. It's been vacant long enough." The Port plans to redevelop the building, but plans are unclear. "The fact is we have no idea. While it's too premature to say, I think you can all understand that the 330,000 square feet this building represents creates room for a lot of different uses," Brunner said. About $900,000 will be used to acquire the Crosley Building, while another $100,000 will be used to stabilize it. The total acquisition cost is $2.5 million, while it will cost $1.65 million to stabilize the building, according to a county description of the plan. The estimated economic impact is 350 jobs and $22 million in annual impact, the county documents say. "I think it's really important we've got good, solid projects for this site-readiness money. It will allow us to move forward with economic development projects and create jobs in this county," said Commissioner Denise Driehaus at the commission meeting. The Port has not yet closed on the property, according to Hamilton County auditor records. But the Port and other local governments have embarked on a major effort to identify and clean up aging dirty former industrial sites for reuse, with $23 million in grants received thus far. The Port also has a longer-term strategy to convert underused or vacant industrial properties back to use as advanced manufacturing sites, bringing new jobs to the region. Assuming the sale goes through, the Port will be the latest owner for the Crosley Building, which has seen two major redevelopment plans in the past decade. The city rezoned the Crosley Building in 2021 from manufacturing to a planned development, which would allow Indianapolis-based TWG Development, the current owner, to turn the Samuel Hannaford-designed former factory into 200 apartments. A final development plan for the $100 million plan is due Feb. 3, 2024. The developer landed environmental cleanup funds in 2022. The Courier previously reported the TWG project faced financial headwinds stemming from rising interest rates, labor costs and materials. A new state law also bars projects with low-income housing tax credits from also receiving state historic tax credits. TWG's plan included income-restricted housing. Before TWG, Indianapolis-based Core Redevelopment proposed a 324-unit, market-rate development. Commissioners also approved $250,000 for due diligence on another unnamed property, for which the Port is negotiating a letter of intent. "An analysis is needed to determine overall potential development footprints, cost planning to remediate infrastructure, determine utility capabilities/need, and determine phased development approaches," according to the county description. The estimated eventual economic impact of that project is 1,000 jobs with an annual payroll of $65 million. The Crosley Building was constructed in 1929 by Samuel Hannaford & Sons for Crosley Radio Corp. to make radios and serve as its headquarters and the home of 700 WLW-AM. ______________________ The Scope of Work for this project involves lead based paint abatement for the entirety of the building. All lead based paint materials should be abated and all removed materials properly disposed off-property in accordance with all local, state, and federal regulations. Any questions must be submitted by Monday, August 21, 2023 by 5:00 PM EST via email to Drue Roberts at Tetra Tech (drue.roberts@tetrate ch.com) as the Owner's Consultant. Questions will be answered via an addendum to be issued by approximately Tuesday, August 22, 2023. The anticipated project award date is scheduled for approximately September 1st through 8th, 2023. Project remedial activities are anticipated to begin by October 16, 2023, with a projected project completion deadline of January 31, 2024.