Thursday, July 2, 2009

LEED tax exemption for UC SAE house renovation, expansion approved

Cincinnati City Council has approved a Community Reinvestment Area LEED tax exemption agreement for the $3.8 million expansion and renovation of the Sigma Alpha Epsilon (SAE) house in University Heights.

Building owner DeVotie Hall Association will receive a 15-year, 75 percent exemption from the increased tax value of its property at 2707 Clifton Avenue and 2702-2706 Stratford Avenue, equal to approximately $1.1 million.

Work will include the renovation the 14,800-square-foot building; construction of a two-story, 7,200-square-foot addition; and an update of the 1925 building's restrooms, mechanical systems, and sprinkler systems.

The project has been registered with the U.S. Green Building Council as a LEED NC 2.2 development.

Completion of all work is scheduled for spring 2010.

Previous reading on BC:
Cincinnati considering LEED tax exemption for frat's expansion, renovation (6/16/09)
Wrecking Cincinnati, 11/8/07 (11/8/07)