Jobs coming to Cleveland's Glenville neighborhoodJobs coming to Cleveland's Glenville neighborhood
St. Martin de Porres School - new neighborhood hopeFour days a week, students at St. Martin de Porres spend their time like any other High School student does: turning in homework, listening to their teachers lecture, and hurrying to finish their math exams. But one day a week, the students at St. Martin’s trade in their text books for a desk at one of over 150 local companies participating in the school’s Corporate Works Program. Add historic preservation, neighborhood engagement, and new facilities, and you have another amazing success story currently being written on Cleveland’s near-east side.
Ronald McDonald House June 26 2012News coverage from our historic Ribbon Cutting ceremony for the new Ronald McDonald House near Lurie Children's!
Children's Museum of Cleveland opens in former Millionaire's Row mansionThe Children's Museum of Cleveland welcomed a lucky group of local kids to explore their new exhibits prior to the November 6th grand opening.
Finance Fund Street StoriesFinance Fund 2015 Corporate Video
CDF 25th Anniversary Celebration - History of CDFIn conjunction with the Cincinnati Development Fund's 25th Anniversary, CDF produced a video highlighting its work and several of its projects.
New downtown development will feature Kroger, apartments and garageCINCINNATI (WKRC) - 3CDC, the city of Cincinnati and Kroger announced a new 18-story building that will be built at Walnut and Court Streets downtown. That new building will include a new Kroger store.
The $90.5 million development project will be mixed use. In addition to the Kroger, there will be 139 apartments and a 555-space garage.
The nation's largest grocery chain, founded in Cincinnati 134 years ago, will sell food again where it all began: Downtown.
The new development will not only be a new Kroger, but also a project with parking and apartments.
Central Parkway and Walnut are just a couple of blocks from Kroger's corporate headquarters and about half a mile from Kroger's small store in Over-the-Rhine.
The 18-story development has a price tag of $90.5 million. That will mean $19 million from Kroger and $8.5 million from the city and the rest from development partners.
There are also some tax credits.
It will not be like a suburban Kroger, with a huge parking lot. Parking here will go on top of the store.
There will be 555 spaces, some for shoppers, some for apartment residents.
There will be 139 market rate apartment units above the parking.
Construction is expected to start this summer with completion in two years.
"We've often said the question of a downtown Kroger store wasn't if, but when," said Kroger CEO Rodney McMullen. "We've been working with the city for a long time to identify the right location, the right project, and the right partnerships."
"And now they're putting in a flagship urban store which is a sign that our urban renaissance will continue," said Cincinnati Mayor John Cranley. "A rising tide lifts all boats, and we're going to continue moving forward and having this kind of progress."
"Together we will continue the successful growth of our residential base. we are all local, this is our home. and we have a successful record of residential development in downtown Cincinnati," said Tony Hobson
There's always a kind of chicken and egg question in development. Does a grocery store drive housing, or does housing drive a grocery store?
Well, in the case of this development, you'll be able to buy both chicken and eggs and figure it out for yourself.
Once the new store opens, Kroger will close its store on Vine Street in Over-the-Rhine and donate the building to 3CDC for redevelopment.
The 60 workers at that store will be offered other jobs with the company.
Overland Industrial Park Construction Progress- August 2017The Port Authority’s redevelopment of Overland Industrial Park continues into fall!
Take a look at the progress being made to the Dana Holding Corporation Axle Manufacturing Facility and the Detroit Manufacturing Systems Tier 1 Automotive Manufacturing and Assembly Facility! A total of 440 jobs will be created as a result of these projects.
Cleveland's Opportunity CorridorThe NMTC has supported a variety of projects in Cleveland's Opportunity Corridor. Learn more about the corridor:
Revitalizing Cleveland: 4 StoriesFour Inspiring Community Investment Stories by Cleveland Development Advisers
The NMTC Financed Findlay KitchenThe New Markets Tax Credit provided financing for the Findlay Kitchen, a non-profit food business incubator, located in the heart of Cincy's historic Findlay Market district. Findlay Kitchen supports food entrepreneurs looking to start, grow and scale their business, by providing affordable access to 10 licensed commercial kitchens, commercial-grade kitchen equipment, and ample storage space. Our facility was designed and built with maximum flexibility in mind for our members, whether you're just starting out or are looking to scale your current operation.
Video by Lauren White (Indigo Life Media: https://indigolifemedia.com/)
Cincinnati Children's HospitalAl. Neyer, Inc. & Mayor Mark Mallory Announce Revitalization of Historic Vernon Manor
Cincinnatis Al. Neyer, Inc. to start construction on $37 million adaptive reuse/renovation of historic landmark April 2010
Cincinnati, Ohio (April 13, 2010) It takes nine partnering organizations, $37 million and a lot of cooperation and perseverance to re-adapt an iconic 1920s hotel as an office anchor for an urban neighborhoods revitalization efforts. Especially in this economy.
But, in Cincinnati, Ohio the project and investor teams have aligned for the 2010 construction start that transforms the former Vernon Manor hotel, where President John F. Kennedy and the Beatles once stayed, into office space for world-renowned Cincinnati Childrens Hospitals continuing growth.
The hotel sits in the heart of a central Cincinnati neighborhood called Avondale, which has struggled with revitalization efforts.
City of Cincinnati Mayor Mark Mallory and City Manager Milton Dohoney, Jr. joined State of Ohio Regional Director Brewster Rhoads and Cincinnati Childrens Hospital Medical Center President and CEO Michael Fisher April 13 in a public celebration of the redevelopment team, schedule, and financing in place.
The new Vernon Manor offices will accommodate more than 600 employees from Cincinnati Childrens, creating new capacity for the medical center to expand at other locations, including its main campus. Cincinnati Childrens Hospital Medical Center has signed a 17-year lease.
The repurposing of the Vernon Manor follows our GO Cincinnati strategy, which focuses on developing the life sciences and health care sectors that are creating significant job growth in the next 10 years, according to Cincinnati Mayor Mark Mallory.
Al. Neyer will start renovation work on the 171,000 square-foot, seven-story building this month. Work on a 440-car parking garage begins July 2010. City Manager Milton Dohoney, Jr., said the retained jobs from Cincinnati Childrens contribute $600,000 in annual earnings tax revenue, while the new jobs created from this expansion are likely to contribute over $800,000.
The City of Cincinnati and State of Ohio partnered on a financial assistance package worth $7.1 million to the redevelopment, including a $10.5 million public parking garage. This agreement has the City purchasing and owning the parking garage for 25 years, utilizing tax-increment financing through the Corryville neighborhood. State of Ohio has approved $7.5 million in loans that will be used to finance the garage construction as the city pays for the garage over the 25-year period. Al. Neyer will operate and manage the garage.
Al. Neyer, Inc. Executive Vice President Laura Brunner said garnering state, city and community support early on for the complex redevelopment, working with tenant Cincinnati Childrens Hospital Medical Center on project goals, and successfully pitching project ownership to local African-American investment leadership group REEAAL, LLC., are accomplishments that will transcend the initial success of this project for decades to come.This project is a key economic development project that will both be an anchor in the Avondale community and expand the capabilities of Cincinnati Childrens Hospital, which means more jobs, according to Mayor Mark Mallory. It also fits into our GO Cincinnati economic development strategy as a employment sector that will be growing over the next several years.