Monday, May 18, 2009

$42M project would bring 100 units, theater to Short Vine

Design concepts for the redevelopment of the east side of the 2600 block of Short Vine have been presented to the Corryville Community Council.

The $42 million project, to be developed by JFP Group, would include 100 units of market-rate housing, a Danberry 10 screen first-run movie theater, an eight-lane bowling alley, a Martino's sports bar, and a series of parking decks.

The developer plans to seek federal New Markets Tax Credits to finance the project and would likely build the development in phases.

JFP Group plans on seeking final approval from the Corryville Community Council on June 9.

Last month, Cincinnati City Council approved the use of tax increment financing (TIF) district funds to pay for streetscape improvements along the 2600 to 3000 blocks of Short Vine.

Previous reading on BC:
TIF funding to finance Corryville streetscape projects (4/22/09)
Corryville streetscape financing considered (4/8/09)