City Council Votes on Development in August

8/06/2014

580 Walnut St.  owned by Cincinnati Development I LLC, mixed use development, 176 apartments, 181,000 sf commercial space, $26,000,000   100% CRA (Community Reinvestment Area) property tax abatement, 12 years.

501 Race St.  owned by 5th & Race LLC, CRA LEED (Green Building Leadership)  27,000 sf commercial space   $5,000,000  100%  15 years property tax abatement

1429 Race St.  owned by Ale House Landlord, LLC, St. Paul’s German Evangelical Church remodeling, 12,000 sf brewery and restaurant, $8,000,000  100% tax abatement 10 years.

1430 Martin Drive, Eden Park Pump Station, Brewery X, LLC, microbrewery & taproom, $4,000,000, CRA LEED, 12 years 100% abatement

1428, 1430, 1438 Race St.  Urban Legacy VIII LLC, remodeling of existing buildings, 10 year CRA, $650,000  100%

1403 Vine, Urban Legacy VIII LLC, remodeling of a portion of the hsitoric Rohs Hardware building into 1,500 sf restaurant space, 100% 10 year CRA property tax abatement  $950,000

18 W. 13th, Urban Legacy VIII LLC, 1200 sf commercial office space, 10 year, 100%  $550,000

1201 Walnut, 1201 Walnut LLC, new office and retail space, $3,140,000, 100% 12 year CRA

1527 Madison Road, 1527 Madison LLC, vacant building, remodeling into office space and first floor retail space, 12 year, 100% CRA tax abatement, $1,185,000

WHAPPS LLC, doing business as Online Rewards, a Texas Limited Liability Company  relocating office to Cincinnati, Job Creation Tax Credit Agreement, minimum of 20 new jobs at 403 Vine St., income tax credit equal to 45% of state and local income tax for 6 years

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