Tuesday, September 30, 2008

City approves rezoning for Downtown hotel

Cincinnati City Council has approved unanimously a rezoning ordinance that would allow a hotel to be built at 720 Sycamore Street Downtown.

The approval rezones the current Red Cross property from DD-C Downtown Development District to PD Planned Development District (PD-55).

DD-C districts do not allow for hotels or commercial lodging.

Developer Rolling Hills Properties, LLC has announced its intent to develop a 13-story, upscale hotel containing around 200 guest rooms and 150 enclosed parking spaces, with a street-level lobby fronting on Eighth Street.

No hotel operator has been named.

Approval of the rezoning also means that Rolling Hills Properties can exercise its option to purchase the building from the American Red Cross, which will move to a new facility at Keystone Parke in Evanston.

Construction is scheduled to begin in spring 2010, with completion by the end of 2011.

Previous reading on BC:
EDC to hear proposal for new Downtown hotel (9/19/08)