OTR FY 2012 Development Plan • Mercer Commons • Paint Building • Gateway Quarter Phase V: • 15 th & Republic • Parvis II • Bakery Lofts • 13 th & Republic • Nicolay • 1401 Elm • Westfalen II • Park Haus • 15 th and Race Church
3CDC 2012 FY Development Plan
Dec 27, 2014
Ohio Properties Redevelopment Institute Lunch Panel: Developing Urban Projects In Challenging Times
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OTR FY 2012
Development Plan
• Mercer Commons
• Paint Building
• Gateway Quarter Phase V:
• 15th & Republic
• Parvis II
• Bakery Lofts
• 13th & Republic
• Nicolay
• 1401 Elm
• Westfalen II
• Park Haus
• 15th and Race Church
Mercer Commons• $53.5 million project
• 2.695 acres – 19 buildings and 26 vacant parcels
• 96 market rate apts.
• 30 affordable apts.
• 28 condominiums
• 17,600 SF commercial
• 359 parking spaces
Walnut Street
Mercer Street
Vine Street
Vine Street and Hart Alley
PAINT BUILDING
1400 Vine Street
• Project Cost: $4.1 million• 3,680 SF restaurant space• 6,000 SF office space
OTR PHASE V:
• Total Development Cost- $23M
• 21 vacant buildings to be redeveloped
• 98 residential units
• 8,500 SF street level commercial space
•Projects:
15th & Republic
Parvis II
Bakery Lofts
13th & Republic
Nicolay
1401 Elm
Westfalen II
Park Haus
15th and Race
(Church)
13 W 15th,1427, 1428 & 1437 Republic
• Project Cost: $4.3 million• 5 for-sale units, 17 rentals units
15T H & REPUBLIC
1406 and 1412 Republic Street
• Project Cost: $2.7 million• 12,300 Gross SF• 1,130 SF of commercial space• 12 rentals units
PARVIS I I
1421 – 23 Race St.
• Project Cost: $2.3 million• 10,402 Gross SF• 9 for sale units
BAKERY LOFTS
18-20 W 13th Street,1307 Republic
• Project cost: $2.7 million• 12,600 Gross SF• 9 for sale units• 1,065 SF of commercial space
13T H & REPUBLIC
1401 Republic Street
• Project Cost: $2.4 million• 13,293 Gross SF• 10 for-sale units• 1 commercial unit• 1,035 SF of commercial space
NICOLAY
1401 Elm
• Project Cost: $1.5 million• 7,290 Gross SF• 1000 SF commercial space• 4 for-sale units
1401 ELM
1426-1438 Race Street
• Project Cost: $6.7 million• 32,798 Gross SF• 30 for-sale units• 4,000 SF of commercial space
WESTFALEN LOFTS I I
Scattered Sites
• Project Cost: $2.3 million predevelopment• 9 for-sale single-family homes
PARK HAUS
15 t h & RACE CHURCH
Land Banked/ Future Projects
Complete/Under Construction
Mercer Commons/ Gateway V
3CDC OTR DEVELOPMENT
Land Banked/ Future Projects
Complete/Under Construction
3CDC OTR DEVELOPMENT
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