Cincinnati
Cincinnati-Area College Developments Receive Funding, Expected to Boost Local Economy
This July, Xavier University, together with Messer Construction Co. and Ackermann Group, broke ground on a long-delayed apartment and retail development at Montgomery Road and Cleneay Avenue, adjacent to the university’s campus. With a $53 million first phase, the University Square project recently received some help from the Finance Fund. It was awarded $8 million in federal New Markets Tax Credits.
$13M Project to Deliver 129 Apartments to Cincinnati’s Northside in 2015
A new development will bring 129 apartments and 8,000 square feet of commercial space to Cincinnati’s historic Northside neighborhood in summer 2015. The project was announced a few months ago and now it finally has a name: the Gantry. According to Milhaus Development’s website, the Gantry is the first new construction project of its magnitude in the diverse Northside community.
Antioch College Continues Campus Revitalization
Antioch College continues with its plans to renovate and improve its campus in Yellow Springs. The college plans to build a central geothermal plant that will significantly reduce power usage on campus.
University of Dayton’s $53M GE Aviation EPISCENTER Is the Best Economic Development Project in Ohio
The $53 million, newly constructed GE Aviation EPISCENTER(Electrical Power Integrated System Center) on the University of Dayton’s campus is slated to open this December 13. But the facility, finished in August, is already impressing. On October 24, the Ohio Economic Development Association, a not-for-profit association of professionals whose, recognized it as the best economic development project in the state Ohio, in 2013.
Dayton Children’s Hospital Announces $140M Expansion Project
Great news for all the children in Dayton. Dayton Children’s Hospital plans to invest $140 million to expand its Valley Street campus, near the city’s downtown. The hospital’s board of trustees approved the plan recently. The move follows a nearly nine-month planning processes which included input from the hospital’s staff as well as patient families.
Cincinnati Children’s Receives Largest Donation in Hospital’s History
Cincinnati Children’s Hospital Medical Center announced on October 4 it will receive the single largest donation to the hospital since it was established in 1883. Convalescent Hospital for Children will donate $20 million over eight years. The money will be used to expand mental health facilities at Cincinnati Children’s campus in College Hill and long-term and respite care services at the hospital’s Liberty Township campus in Butler County.
UC Releases New Renderings for Nippert Stadium Renovation Project
Bearcat fans rejoiced on Thursday, October 3, as the University of Cincinnati released new renderings and floor plans for the Nippert Stadium Renovation & Expansion project on Thursday, October 3. At a cost of $86 million, the privately funded project is scheduled to start construction in mid-December, this year. It is expected to be completed in August 2015.
City of Sharonville to Build Convention Center Hotel
The city of Sharonville recently announced its plans to build a hotel adjacent the newly expanded Sharonville Convention Center. The project is part of Sharonville’s revitalization plan, which also includes the expansion of the Northern Lights entertainment district and the $140 million Princeton School District complex.
Two Dayton-Area Warehouses Sell for Over $5M
Two large industrial properties in the Dayton area changed hands this month. The properties total over 300,000 square feet of space and have sold for a little over $5.5 million.
Hackman Capital Wins Bid for Hostess Brands’ Assets
Hackman Capital Partners saw an opportunity to turn Hostess Brands leftovers into an appetizing investment by acquiring the remaining assets of the former national bakery brand at a recent bankruptcy auction for $62.5 million.