OVER-THE-RHINE
HOW FAR WE HAVE COME
OVER-THE-RHINE
HOW FAR WE HAVE COME
50000
45000
40000
35000
30000
25000
OTR Population
OTR Decline
20000
15000
10000
5000
0
1900
1960
1980
1990
2000
OVER-THE-RHINE
HOW FAR WE HAVE COME
500
700
VACANT
VACANT
BUILDINGS
LOTS
1667
VACANT HOUSING UNITS
OVER-THE-RHINE
HOW FAR WE HAVE COME
OVER-THE-RHINE
HOW FAR WE HAVE COME
OVER-THE-RHINE
HOW FAR WE HAVE COME
OVER-THE-RHINE
HOW FAR WE HAVE COME
118 W. 15th
(Walt’s)
1331-35 Vine (AM/PM Market)
1432 Vine (Pohlar Bar)
20-22 W. 12th (Jordan’s)
1401 Race (Bang’s)
3 E. 13th (Albert’s)
1412 Vine (Cricket)
1201 Vine (Glossinger’s)
OVER-THE-RHINE
HOW FAR WE HAVE COME
Before:
After:
OVER-THE-RHINE
HOW FAR WE HAVE COME
Before:
After:
OVER-THE-RHINE
HOW FAR WE HAVE COME
Crime Statistics within OTR Target Area
Part I Crime
Part II Crime
Calls for Service
TOTAL CRIME
2004
1,170
603
12,678
1,773
2005
1,160
587
12,495
1,747
2006
946
537
11,533
1,483
2007
675
510
9,409
1,185
2008
671
443
7,476
1,114
2009
567
351
6,409
918
2010
540
341
6,149
881
2011
583
323
6,054
906
2012
588
335
6,427
923
2013
549
311
6,826
860
OTR ACTION STEP:
LAND BANKING
• CEF/CNMF has invested over
$32.8 million in private
funding to land bank
properties in the Washington
Park section of OTR
• 3CDC owns:
 200 buildings
 169 vacant parcels
• Over $700,000 in annual
carrying costs
OTR INVESTMENT TO DATE
Project
OTR Land Banking
Mercer C ommons Line
Gateway I
Gateway II
Gateway III
Vine Street Streetscape
Gateway Quarter Parking Lot
Fine Arts Fund/Artworks
Parvis Lofts Apartments
Westfalen Lofts
Saengerhalle Office
24 East 14th Street
Lackman Bar
Washington Park
Homeless to Homes
Paint Building
Park Haus
Gateway V
OTR C onsortium
OTR Predevelopment
Mercer C ommons I & II
Taft's Ale House
C intrifuse
1201 Walnut
TOTAL
Total Investment
32,812,547
5,000,000
7,279,004
23,273,522
35,274,288
2,500,000
800,000
1,000,000
11,873,692
3,381,849
8,361,761
460,000
524,500
48,007,336
33,417,538
5,692,196
6,471,925
25,570,692
250,000
8,938,268
47,631,446
8,268,380
1,945,985
7,968,583
326,703,512
OVER-THE-RHINE
HOW FAR WE HAVE COME
S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n
S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n
S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n
S TA B I L I Z E D H I S T O R I C B U I L D I N G S
1 4 1 8 - 2 2 Ra c e S t r e e t - We s t f a l e n
OVER-THE-RHINE
RESIDENTIAL DEVELOPMENT
Apartments
OVER-THE-RHINE
RESIDENTIAL DEVELOPMENT
Apartments Average rent per SF
Average rent per SF
Parvis Apartments
$1.30
The Belmain
$1.42
B‐Side
$1.31
Mercer II
$1.40
THE BELMAIN
B-SIDE APARTMENTS
OVER-THE-RHINE
RESIDENTIAL DEVELOPMENT
Condominiums
COMPLETED:
#Units Bakery Lofts Bremen Lofts 9 Mercer Commons 17 Mottainai
Centennial Row 8 Nicolay City Home 22 Park Haus Duncanson 25 Republic Street Lofts Duveneck 15 Tea Co Townhomes
Falling Wall 6 Trideca
th
Gateway I
21 Trinity 14 & Vine Goodfellows Hall 5 Trinity Flats The Hummel 4 Westfalen Lofts Lackman Lofts 7 Westfalen II Total Condominiums: 300 Average Sales per SF: $195 #Units
28
8
10
12
9
9
9
9
25
9
33
OVER-THE-RHINE
RESIDENTIAL DEVELOPMENT
Condominiums
Average sales price per SF
Phase II
$150
Phase III
$151
Phase IV
$178
Phase V
$263
Mercer Commons
$281
OVER-THE-RHINE
RESIDENTIAL DEVELOPMENT
WESTFALEN II
TEA COMPANY
MERCER TOWNHOMES
REPUBLIC STREET LOFTS
THE HUMMEL
NICOLAY
NICOLAY
Westfalen II
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
• 12 Townhomes
• 60,000 SF Commercial Space
MERCER COMMONS
MERCER COMMONS
MERCER COMMONS
MERCER COMMONS
MERCER COMMONS
MERCER COMMONS
PHASE I
• Developer: 3CDC
• Project Cost: $27.6 Million
• Project Summary:
 3,900 SF commercial / office
 28 Condominiums
 340-space parking garage
• Estimated Completion Date:
 Garage opened March 2013.
 “Mercer Historic” condos
completed in August 2013
and 10 of the 11 are sold.
 Five “Mercer Townhomes”
will go on the market in
December.
 Twelve condos in newconstruction (“Mercer One”)
will be completed Jan 2014.
MERCER COMMONS
PHASE I
MERCER COMMONS
MERCER COMMONS
PHASE II
• Developer: McCormack Baron
Salazar, Inc.
• Project Cost: $22.3 Million
• Project Summary:
 67 apartments (30
affordable)
 10,600 SF commercial space
• Estimated Completion Date:
 May 2014
 Waitlist has been established
for apartments
 Commercial space is being
shown/marketed
MERCER COMMONS
PHASE II
MERCER HISTORIC
MERCER HISTORIC
MERCER HISTORIC
OVER-THE-RHINE
COMMERCIAL DEVELOPMENT
16 New Restaurants
1215 WINE BAR & COFFEE LAB
ABIGAIL STREET
BAKERSFIELD
THE EAGLE
GRAETER’S
HOLTMAN’S
KAZE
QUAN HAPA
SALAZAR
SENATE
TASTE OF BELGIUM
RESTAURANT SALES
3CDC has developed 16
bars/restaurants throughout
Over-the-Rhine
$773
2013 Average Sales / Square Foot
$840
2014 Average Sales / Square Foot