Tuesday, July 29, 2008

Apartment re-use for Camp Washington?

Cincinnati City Council is prepared to vote on a resolution that could help turn a Camp Washington industrial property into market-rate apartments.

E&T Real Estate Holdings owns the Harrison Terminal Building, a 60,000-square-foot building on 2.4 acres at 1220 Harrison Avenue, just south of the Western Hills Viaduct.

The building owners have proposed a rehabilitation that would pair apartments with a ground floor commercial or office use, and are working with the Port of Greater Cincinnati Development Authority to acquire Clean Ohio Assistance Fund dollars for a Phase II environmental site assessment of the property.

This study would provide information that could be used to prepare cost estimates and a site remediation plan.

The resolution is likely to be considered by council's Finance Committee on August 5.

The Ohio Department of Development requires a municipal resolution of support for a project to qualify for Clean Ohio funding.

E&T Real Estate Holdings purchased the 1885 warehouse building a year ago for $75,000.

Harrison Terminal sold the building in 1990.