Findlay Center
$17MM LEED Silver project to transform nine historic structures adjacent to Findlay Market
Findlay Center is the third phase of Model Group’s Findlay Market Development project, building upon the success of Market Square and Jobs Cafe. The project encompasses the redevelopment of nine historic buildings surrounding Findlay Market on Elm Street, Race Street, Findlay Street, McMicken Avenue, and Elder Street. The structures, currently in disrepair, will be rehabbed for mixed-use development, bringing 14,462 SF of commercial space and 46 residential units, including ten affordable units to the neighborhood. Anticipated to achieve LEED Silver Certification, the project includes HVAC and electrical upgrades achieving a 20-30% reduction in annual energy usage.
The Port’s Role:
The Port will issue up to $6,000,000 in Taxable Development Revenue Bonds through the Southwest Ohio Regional Bond Fund (SORBF) in two tranches and enter into a Capital Lease Structure.
Impact:
The development will add approximately 210 temporary construction jobs at an annual payroll of $3.5MM. Additionally, it will add an estimated 50 permanent jobs at an annual payroll of $1.75MM. The development will also bring 46 new housing units, including ten affordable units.Project Specs:
- Redevelopment of nine historic buildings surrounding Findlay Market on Elm Street, Race Street, Findlay Street, McMicken Avenue, and Elder Street.
- Mixed-use development, bringing 14,462 SF of commercial space and 46 residential units including 10 affordable units to the neighborhood.
- Anticipated to achieve LEED Silver Certification, the development includes HVAC and electrical upgrades achieving a 20-30% reduction in annual energy usage.
Partners
