{"id":1004114476,"date":"2015-02-27T15:34:00","date_gmt":"2015-02-27T23:34:00","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=329158"},"modified":"2022-12-04T13:53:07","modified_gmt":"2022-12-04T21:53:07","slug":"next-role-for-1929-uc-building-high-tech-hub","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/next-role-for-1929-uc-building-high-tech-hub\/","title":{"rendered":"Next Role for 1929 UC Building: High-Tech Hub"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

A makeover is in store for the University of Cincinnati\u2019s venerable Campus Services Building. On Feb. 24, the university\u2019s trustees approved a $16 million plan to transform the 86-year-old facility into a hub for startup companies born of technology developed at the university.<\/p>\n

When it opened in 1929, the building at 2900 Reading Road was the city\u2019s first Sears, Roebuck as well as the first major department store outside downtown. UC acquired the property in 1981 and housed several departments there for more than three decades. The 133,071-square-foot building has sat empty since early last year, when the departments moved to a former warehouse on Fishwick Drive.<\/p>\n

Highlights of the makeover include creation of office space in a two-story tower that once housed a water tank for fire suppression. A 40,000-square-foot addition, built in 1945 on the building\u2019s north end, will be razed and be replaced with green space. An 8,000-square-foot addition will provide space for an elevator and a stairway. Heating, ventilation, plumbing and fire safety systems will get upgrades, as will surface parking areas on the building\u2019s east and south sides.<\/p>\n

Beth McGrew, the university architect, said in a statement that replacing the building would cost significantly more than renovation. Debt funding will account for $14 million of the project\u2019s budget, while local funds will make up the remaining $2 million. UC expects to fund much of the taxable debt service payment through revenue from leases.<\/p>\n

The university will initially develop only one floor and will build out additional space to the specifications of future tenants. According to UC, the first tenant is likely to be the University of Cincinnati Research Institute, which could open its new offices within 18 months.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

The University of Cincinnati’s Campus Services Building is about to get a makeover. On February 24, the university’s Board of Trustees approved $16 million in funding to renovate the old facility at 2900 Reading Road. It will be transformed into a hub of entrepreneurial innovation, a future home for startup companies born of UC-developed technologies.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[],"class_list":["post-1004114476","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest"],"acf":[],"yoast_head":"\nNext Role for 1929 UC Building: High-Tech Hub - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/next-role-for-1929-uc-building-high-tech-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Next Role for 1929 UC Building: High-Tech Hub\" \/>\n<meta property=\"og:description\" content=\"The University of Cincinnati’s Campus Services Building is about to get a makeover. 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