Walnut Hills

Neighborhood of Focus

Walnut Hills – Snapshot of Projects

As one of our neighborhoods of focus, The Port has been working in Walnut Hills since 2013. Our work is based on collaborative input from the City of Cincinnati, Walnut Hills Community, and Walnut Hills Redevelopment Foundation. From transformative housing development to financing redevelopment of historic landmarks, we’re excited to be a part of the forward momentum in this vibrant neighborhood.

 

 

A – Lincoln Terrace

19 Lincoln Terrace | NIP/Landbank Tools

The Landbank acquired this condemned, tax-delinquent property, and demolished the structures utilizing NIP funding.

 

B – Commercial Property

3001 Walter Avenue | Commercial

This commercial structure was acquired by the Landbank through the forfeited land list. Public ownership of this and other structures affords the ability to identify the right end user in alignment with the community plan.

 

C – Community Partner

Gilbert & MLK | Landbanking and NIP

Holding agreement for 18 properties totaling 1.5 acres. The Landbank is in the process of demolishing three structures through NIP.

 

D – Historic Stabilization

722 E. McMillan Avenue

This property in the McMillan Street Business District was stabilized in partnership with the City of Cincinnati.

 

E – Poste

755 East McMillan Street | Public Finance

Poste (formerly Firehouse Row) is an approximately $18 million mixed-use development along Walnut Hills’ East McMillan Street corridor. The Port is entering into a sale-leaseback arrangement with an affiliate of Milhaus Development, LLC as well as issuing up to $14 million in taxable lease revenue bonds secured by rental payments under the lease. The Hamilton County Landbank also played a role through the acquisition and sale of three vacant, blighted properties on Wayne to the Walnut Hills Redevelopment Foundation.

 

F – Paramount Square

900 East McMillan Street | Public Finance

Landbank acquisition of Paramount Building cleared the title and paved the way for ownership by Walnut Hills Redevelopment Foundation; The Port’s ownership will bring savings from sales-tax exemption on construction materials; The Port’s DREAM commercial real estate loan utilized for the buildout of Esoteric Brewery.

 

G – REACH Walnut Hills

Morgan and Wayne | Housing

Initial phases focus on Morgan and Wayne including renovations of existing homes and construction of new infill housing. To date we have sold nine homes (six new-builds and three rehabbed homes) and have one rehab underway.

 

H – Trevarren Flats

965 East McMillan Street | Stabilization & Public Finance

Stabilization of circa-1895 structure – a key building in the Trevarren Flats project which ultimately generated 28 jobs. $48,750 stabilization cost. Financed a portion of the tenant fitout of six storefronts through the DREAM loan fund.

 

I – Commercial Assemblage

2355 St. James Avenue | Landbanking

This formerly vacant lot was acquired by the Landbank in 2013. Structures on the site were demolished under Moving Ohio Forward, with the Landbank facilitating the demolition grant. The half-acre site was subsequently split and sold to two neighboring local businesses to enhance delivery access and provide parking.

 

J – 759 Morgan Street

NIP

The Landbank demolished this vacant and blighted structure utilizing NIP funding. This demolition is enabling the rehab of an adjacent single-family home through REACH Walnut Hills.

 

K – HURC PROGRAM

2304 St. James Street | Housing

HURC (Homesteading and Urban Redevelopment Corporation) takes residential properties and performs rehabs to provide homes to first-time, low and moderate income homebuyers.

 

L – Windsor Flats

937 Windsor Street | Public Finance

$10.6 million project converting historic Windsor Elementary school into 41 market-rate apartments, and new construction of 50-apartment building and parking facility. The Port worked within a partnership to create cost savings for the developer, Core Redevelopment, allowing the redevelopment of this historic property, part of Walnut Hills’ cultural legacy.

 

Technical Assistance | Advocacy

The Port has worked extensively with the Walnut Hills Redevelopment Foundation and The Model Group to acquire, assemble, and prepare sites for community-driven redevelopment in accordance with the Walnut Hills Plan. We have focused on creating opportunity for five minority-owned, micro-enterprise businesses to relocate to the McMillan Business Corridor.

13 New / rehabbed single-family homes completed or underway; 38 Properties sold or donated; $911k in demolition grant funds utilized

$6.2MM Total Investment through 2017

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